New Mexico tribes see 3.6 percent dip in slot machine winnings

The Inn of the Mountain Gods, owned by the Mescalero Apache Nation in New Mexico. Photo from Facebook

Tribes in New Mexico saw a 3.6 percent decline in slot machine winnings last year, The Albuquerque Journal reports.

The net win in 2014 was $731.3 million, according to figures from the New Mexico Gaming Control Board. That's lower than the $758.6 million from 2013.

Tribes shared $66.4 million with the state under their Class III gaming compacts. That was 3.1 percent lower than the year prior, the Journal said.

According to the paper, 2014 marked the second consecutive year in which gamblers put less money into slot machines at tribal facilities. And it looks like the trend may continue -- net winnings from the first quarter of 2015 have fallen below those from the same quarter in 2014.

Despite the decline, several tribes have signed new compacts that require them to share a higher percentage of revenues with the state. But the deal includes provisions that tribes see as beneficial to their overall operations.

Get the Story:
Gamblers are spending less at New Mexico slots (The Albuquerque Journal 7/14)

Relevant Documents:
BIA Deemed Approved Letter (June 9, 2015)

Federal Register Notice:
Indian Gaming (June 22, 2015)

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