New Mexico slots make $1bn

New Mexico slots make $1bn

Friday, March 2, 2012 Totally Gaming

New Mexico's tribal casinos and state-licensed racinos made nearly $1 billion from their slot machines last year, a 1.9 percent increase over 2010. Gambling operators paid $130.2 million in gaming taxes, which represented a 1.1 percent increase from 2010.

Holly Wetzel, director of communications for the American Gaming Association, said: "At the national level, (non-tribal and racino revenues) are trending in the right direction in terms of recovering from the recession.

"We've been saying for the past couple of years that this was going to be a slow recovery for the industry. Just like all other industries that depend on the consumer entertainment dollar, the gaming industry has suffered during the recession."

Figures compiled by the New Mexico Gaming Control Board show the state's 14 tribe-operated casinos reported a total net win of $713.9 million last year, a 2.1 percent increase over 2010. Collectively, those casinos paid the state nearly $65.2 million in gaming taxes.

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