Tribes report rise in revenues at gaming facilities in New Mexico

Thursday, September 6, 2018  

Tribal slot machine revenues are on the rise in New Mexico, according to new figures.

Almost every tribe reported an increase in slot machine earnings in fiscal year 2018, The Associated Press reported. The Pueblo of Taos, for example, saw a 7 percent rise while the Pueblo of Tesuque saw a 6 percent boost. The Mescalero Apache Tribe saw the highest gain of nearly 8 percent.

“That’s surprisingly strong growth,” Jon Clark, an economist with New Mexico's Legislative Finance Committee told the AP.

The figures cited by the AP cover fiscal year 2018, which ended June 30. The New Mexico Gaming Control Board has posted reports for the four quarters: Quarter ending November 17, 2017 | Quarter ending January 31, 2018 | Quarter ending March 31, 2018 | Quarter ending June 30, 2018

Tribes share a percentage of their revenues with the state. For the fiscal year that ended June 30, the state received more than $66.2 million, the AP reported.

New Mexico tribes see slot revenue growth (The Santa Fe New Mexican September 3, 2018)