Compacts

Tribes share nearly $16M in gaming revenues with New Mexico

Thursday, February 26, 2015

Sandia Resort and Casino, owned by Sandia Pueblo in New Mexico. Photo from Facebook

Tribes shared nearly $16 million in gaming revenues with the state of New Mexico in the last quarter of 2014.

Under their Class III gaming compacts, tribes share a percentage of their net win with the state. Sandia Pueblo -- whose casino is the closest to Albuquerque, the state's largest city -- had the largest net win, according to the New Mexico Gaming Control Board.

For the entire year, tribes shared about $66 million with the state. Additional reports can be found at www.nmgcb.org/tribal/revsharing.html.

Compacts with a handful of tribes are expiring this summer so lawmakers have been considering an updated agreement that includes a new revenue sharing provision. The Committee on Compacts held a hearing on Tuesday to discuss the deal and will hold another one on Saturday to hear from the public.

Get the Story:
New Mexico gets nearly $16M in tribal gambling revenues (AP 2/26)
Clock ticking on proposed New Mexico gambling compact (The Albuquerque Journal 2/25)
Legislative committee considers gambling compact that allows new casinos, 24-hour operations (The Santa Fe New Mexican 2/25)