State of New Mexico
Gaming Control Board
NEWS RELEASE
FOR RELEASE: November 30, 2004
CONTACT: Morris J. Chavez, Esq., State Gaming Representative
New Mexico Gaming Control Board, (505) 841-9707
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 cash and non-cash prizes won on the gaming machines, less State and Tribal 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 30, 2004 from the eleven Tribes or Pueblos operating casinos was $9,540,222.32. This revenue is deposited into the General Fund of the State.
“Net Win” per tribe or pueblo for the quarter ending September 30, 2004:
NET WIN
Acoma $ 8,987,900
Isleta 22,111,617
Jicarilla 1,216,870
Laguna 19,012,847
Sandia 33,769,633
San Felipe 5,606,070
San Juan 6,574,256
Santa Ana 10,211,524
Santa Clara 4,089,061
Taos 2,175,003
Tesuque 6,637,464
Total Net Win $ 120,392,245