State of New Mexico
Gaming Control Board
(CORRECTED)
NEWS RELEASE
FOR RELEASE: May 5, 2003
CONTACT: Carla Lopez, Interim State Gaming Representative,
New Mexico Gaming Control Board, (505) 841-9712
The New Mexico Gaming Control Board, through the State Gaming Representative, monitors the 2001 Tribal-State Gaming Compacts signed by eleven tribes. The compacting tribes pay revenue sharing and report “net win” quarterly. Net Win is the amount wagered on Gaming Machines less the amount paid out in prizes less a deduction for regulatory fees. From this amount, the casino must pay all operating costs. Net Win is not the net profit of the casino. The total amount paid to the State Treasurer for the quarter ending March 31, 2003 from the eleven tribes operating casinos was $7,951,593. This revenue is deposited into the General Fund of the State. The Jicarilla Apache Nation commenced operations of their casino in Dulce, New Mexico on February 3, 2003.
“Net Win” per tribe for the quarter ending March 31, 2003:
NET WIN
Acoma $10,519,215
Isleta 24,571,416
Jicarilla 402,430
Laguna 5,027,966
Sandia 30,631,500
San Felipe 5,542,200
San Juan 5,822,276
Santa Ana 10,227,539
Santa Clara 2,033,696
Taos 1,772,009
Tesuque 6,105,171
Total Net Win $ 102,655,418