State of New Mexico

Gaming Control Board

 

NEWS RELEASE

 

FOR RELEASE:  November 25, 2003

 

CONTACT:    Michael R. Gallegos, State Gaming Representative,

New Mexico Gaming Control Board, (505) 841-9748

 

The New Mexico Gaming Control Board, through the State Gaming Representative, monitors the 2001 Tribal-State Gaming Compacts signed by eleven Tribes or Pueblos.   The compacting Tribes or Pueblos 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 September 3 0, 2003 from the eleven Tribes or Pueblos operating casinos was $10,650,239.18.  This revenue is deposited into the General Fund of the State.

 

“Net Win” per tribe or pueblo for the quarter ending September 30, 2003:

 

                                                                                      NET WIN

 

            Acoma                                                             $10,111,760

 

            Isleta                                                                  23,447,882

 

            Jicarilla                                                                    694,328

 

            Laguna                                                               11,482,630

 

            Sandia                                                                32,126,045

 

            San Felipe                                                             5,513,735

 

            San Juan                                                               6,182,607

 

            Santa Ana                                                          10,119,692

 

            Santa Clara                                                           4,561,027

 

            Taos                                                                     1,673,979

 

            Tesuque                                                                6,608,056

 

            Total Net Win                                                $ 112,521,741