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August 02, 2004

New Mexico tribes see major growth in revenues

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Revenues at New Mexico's tribal casinos rose 13 percent last year, according to a report by the Analysis Group.

The tribes saw $611 million in revenues in 2003, up from $539 million in 2002. As of last year, 13 tribes in the state had gaming facilities.

New Mexico tribes share a portion of their slot machine revenues with the state. The rate is capped at 8 percent, depending on amount generated.

According to the Analysis Group and the National Indian Gaming Commission, tribal casinos nationwide saw more than $16 billion in revenues last year.

Get the Story:
Games net $611M for NM tribes (New Mexico Business Weekly 8/1)

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