Full-service casino offering
New Mexico could soon see an expansion to its gambling market after state representative Raymundo Lara proposed a new bill.
Current New Mexico law restricts gambling to casinos attached to racetracks and tribal casinos. The state’s five racinos only currently offer video terminal betting on poker, blackjack, and roulette. Meanwhile, the law only permits non-tribal sports betting on horse racing.
Lara put forward his new bill for the state’s upcoming 60-day legislative session, which will begin on Tuesday in Santa Fe. According to the Las Cruces Sun News, the proposal would allow New Mexico’s racinos to offer live poker, blackjack, and craps. The full-service casinos could also offer betting on sports other than horse racing. The state-run New Mexico Lottery would manage and operate the new casinos.
In a press conference, Lara said the legislation would provide vital revenue to help the state’s students and boost the economy through tourism. Of the estimated $40m per year generated through the new gambling market, $15m would go towards the state’s scholarship program.
Vital funding for New Mexico students
Since the Lottery Scholarship fund began in 1996, New Mexico’s gaming revenue has funded the state’s college students. In 2020, 24,274 people received scholarships through the program.
However, New Mexico authorities have recently struggled with dwindling funds and the high costs of education. Traditionally, the state covered full tuition fees for each scholarship recipient, but recently it has considered providing partial support to cover more students.
According to Lara, a larger and more diverse gambling market can assist with the issue. Commenting on the benefits of the legislation, the representative said: “I truly believe this is a win–win for the state as a whole. This is going to benefit our young people. This is going to bring jobs. This is going to bring additional revenue to our communities and to our state.”
Tribal opposition to gambling expansion
New Mexico’s tribal nations currently hold a monopoly over sports betting in the state, as tribe leaders believe their state compacts permit sportsbook operations. As a result, the Santa Ana Casino launched the state’s first sportsbook in October 2018. Four other tribal casinos have inaugurated brick-and-mortar sports betting facilities since then.
In October last year, New Mexico’s Native American leaders voiced concerns about the expansion of non-tribal gambling in the state. The tribes argued that by allowing non-tribal casinos to offer more casino games and sportsbooks, the tribes would not be able to generate as much money for their communities.
Sandia Pueblo Governor Stuart Paisano described the suggestion as “a reckless attempt to expand private wealth at the expense of our ability to provide essential government services.” He argued that gambling expansion would violate current revenue-sharing compacts between tribes and the state.