SANTA FE, N.M. (AP) — An analysis of tribal casino revenues and taxes from racetrack gambling in New Mexico suggests the local industry may be static or contracting.
A written brief from the state's legislative watchdog agency shows a 10% decline from 2012-2018 in annual revenues that are shared by tribal casinos with the state. State tax income from gambling at racetrack casinos declined by 3% for the period.
Officials at the state Gaming Control Board declined immediate comment Thursday on the statistics.
More recently, three tribal casinos have initiated or announced sportsbooks for wagering on sporting events after the U.S. Supreme Court last year lifted the ban that restricted sports betting outside of Nevada.
New Mexico has 24 tribal casinos that share revenues with the state under a compact renegotiated in 2015.