NM Releases 4th Quarter Net Win from Indian Casinos

2014 Net Win for New Mexico’s Gaming Tribes

4th Quarter Net Win – February 24, 2015 3rd Quarter Net Win – September 30, 2014
Sandia
Isleta
Laguna
Navajo
Santa Ana
Mescalero
Pojoaque
Santa Clara
Acoma
Tesuque
San Felipe OhkayOwingeh
Taos
Jicarilla
$36,147,624
$22,793,341
$21,079,059
$20,427,004
$19,273,855
$14,805,791
$14,344,981
$6,248,518
$5,378,109
$4,965,315
$4,337,515
$3,464,777
$1,831,588
$1,247,315
Sandia
Isleta
Laguna
Mescalero
Navajo
Santa Ana
Pojoaque
Santa Clara
Acoma
Tesuque
San Felipe
OhkayOwingeh
Taos
Jicarilla
$39,208,220
$23,102,139
$21,862,951
$19,894,892
$19,205,452
$18,411,923
$16,176,986
$6,088,873
$5,551,458
$5,419,455
$4,597,098
$3,686,167
$2,240,190
$1,565,677
2nd Quarter Net Win – June 30, 2014 1st Quarter Net Win – March 31, 2014
Sandia
Isleta
Laguna
Navajo
Santa Ana
Mescalero
Pojoaque
Santa Clara
Acoma
Tesuque
San Felipe
OhkayOwingeh
Taos
Jicarilla
$39,614,830
$22,649,171
$22,621,147
$19,450,901
$18,610,245
$16,216,300
$15,826,868
$5,981,359
$5,656,233
$4,980,517
$4,424,795
$3,550,642
$2,001,826
$1,682,260
Sandia
Laguna
Isleta
Navajo
Santa Ana
Mescalero
Pojoaque
Santa Clara
Tesuque
Acoma
San Felipe
OhkayOwingeh
Taos
Jicarilla
$40,918,758
$22,889,506
$22,633,915
$22,048,311
$18,769,342
$14,861,887
$14,435,264
$5,979,834
$5,310,757
$5,245,254
$,4,475,666
$3,414,083
$1,974,546
$1,490,743

“Net Win” is the total amount of money wagered in Class III Games MINUS:

  1. Money paid to patrons as winnings from Class III Games.1)Section 11, Paragraph (C)(1)(a) NM Gaming Compact as Amended July 2007
  2. Costs of non-cash prizes paid to patrons from gaming machines.2)Id.
  3. $116,000 per year. Tribe reimburses the State its costs to enforce Gaming Compact. This amount increases 5% annually.3)Section 11, Paragraph (C)(1)(b) NM Gaming Compact as Amended July 2007
  4. $275,000 per year as tribal regulatory costs. This amount increases 3% annually.4)Section 11, Paragraph (C)(1)(c) NM Gaming Compact as Amended July 2007

“Net Win” is not the “Net Profit” from a Casino.

Tribes must pay a percentage of their Net Win to the State based on the following chart.5)Section 11, Paragraph (C)(2) NM Gaming Compact as Amended July 2007

Annual Net Win July 1 -June 30:

2007 – 2015 2015 – 2030 2030 -2037
Under $15 Million: 3% of the first $5 Million, & 9.50% on the rest 3% of the first $5 Million, & 9.50% on the rest 3% of the first $5 Million, & 9.50% on the rest
$15 – $50 Million: 9.25% 10.00% 10.25%
More than $50 Million: 9.75% 10.00% 10.75%

Slots

 

Class III gaming includes: 

(a) Any house banking game, including but not limited to—

     (1) Card games such as baccarat, chemin de fer, blackjack (21), and pai  gow (if played as house banking games);

    (2) Casino games such as roulette, craps, and keno;

(b) Any slot machines as defined in 15 U.S.C. §1171(a)(1) and electronic or electromechanical facsimiles of any game of chance;

(c) Any sports betting and parimutuel wagering including but not limited to wagering on horse racing, dog racing or jai alai; or

(d) Lotteries.6)Section 2, Paragraph (A) NM Gaming Compact as Amended July 2007; See 25 U.S.C. §2703(8); See 25 C.F.R. §502.4

Casino Net Win Comparison

Sandia, Isleta & Laguna

2002 thru 2014

2002 Net Win

Quarter
1st
2nd
3rd
4th
Sandia
$25,939,297
$27,568,237
$28,905,449
$28,299,305
Isleta
$22,504,024
$23,909,084
$23,313,594
$22,844,189
Laguna
$3,596,845
$4,293,866
$4,513,397
$4,592,481

2003 Net Win

Quarter
1st
2nd
3rd
4th
Sandia
$30,631,500
$33,006,745
$32,126,045
$30,699,917
Isleta
$24,571,416
$23,803,517
$23,447,882
$22,168,586
Laguna
$5,027,966
$5,456,642
$11,482,630
$16,219,509

2004 Net Win

Quarter
1st
2nd
3rd
4th
Sandia
$31,887,175
$31,887,175
$33,769,633
$34,210,458
Isleta
$23,006,563
$22,001,764
$22,111,617
$22,145,590
Laguna
$21,356,236
$19,300,295
$19,012,847
$25,588,619

2005 Net Win

Quarter
1st
2nd
3rd
4th
Sandia
$33,322,284
$32,953,788
$35,665,964
$35,808,715
Isleta
$23,441,793
$23,667,049
$22,930,000
$22,617,632
Laguna
$21,128,579
$21,048,427
$20,393,776
$20,798,567

2006 Net Win

Quarter
1st
2nd
3rd
4th
Sandia
$37,345,508
$37,630,010
$39,710,293
$40,677,233
Isleta
$24,859,354
$24,324,405
$24,303,736
$22,517,832
Laguna
$21,791,136
$21,842,082
$22,411,023
$21,106,291

2007 Net Win

Quarter
1st
2nd
3rd
4th
Sandia
$41,824,056
$42,296,795
$42,292,082
$40,498,270
Isleta
$25,175,933
$24,677,787
$25,950,810
$25,012,269
Laguna
$22,553,033
$24,280,693
$22,555,732
$23,035,766

2008 Net Win

Quarter
1st
2nd
3rd
4th
Sandia
$42,100,251
$43,849,546
$41,964,421
$40,355,648
Isleta
$25,709,766
$26,683,179
$26,206,136
$24,659,469
Laguna
$27,356,306
$27,243,228
$25,844,001
$23,933,776

2009 Net Win

Quarter
1st
2nd
3rd
4th
Sandia
$41,269,328
$41,109,776
$40,284,902
$40,147,248
Isleta
$24,790,523
$23,754,001
$22,264,880
$21,647,627
Laguna
$24,574,892
$24,216,722
$23,138,472
$22,802,373

2010 Net Win

Quarter
1st
2nd
3rd
4th
Sandia
$40,428,879
$41,043,505
$40,939,129
$41,596,728
Isleta
$23,236,293
$22,960,582
$23,180,084
$21,781,120
Laguna
$24,242,718
$23,885,185
$24,367,752
$25,095,282

2011 Net Win

Quarter
1st
2nd
3rd
4th
Sandia
$44,050,048
$44,967,334
$44,959,978
$42,336,479
Isleta
$23,236,031
$22,409,344
$22,221,672
$21,628,180
Laguna
$24,065,778
$23,645,081
$22,915,232
$21,530,842

2012 Net Win

Quarter
1st
2nd
3rd
4th
Sandia
$44,421,046
$45,675,363
$41,885,270
$42,420,321
Isleta
$21,628,180
$22,306,528
$22,386,451
$21,407,526
Laguna
$25,062,607
$24,130,063
$23,530,234
$23,020,792

2013 Net Win

Quarter
1st
2nd
3rd
4th
Sandia
$44,421,046
$45,675,363
$41,885,270
$42,420,321
Isleta
$23,614,258
$22,600,042
$22,577,285
$22,131,009
Laguna
$24,343,237
$24,697,628
$22,305,571
$22,219,027

2014 Net Win

Quarter
1st
2nd
3rd
4th

Sandia
$40,918,758
$39,614,830
$39,208,220
$36,147,624

Isleta
$22,633,915
$22,649,171
$23,102,139
$22,793,341

Laguna
$22,889,506
$22,621,147
$21,862,951
$21,079,059

Click Graph for Comparison:

Casino Net WinIsleta’s gaming compact with the State expires on June 30, 2037, at midnight.7)Section 12, Paragraph (A) NM Gaming Compact as Amended July 2007

To Download the Gaming Compact, click: Tribal & State Gaming Compact.

The “Net Win” numbers are based on the information from the New Mexico Gaming Control Board’s website.

References   [ + ]

1. Section 11, Paragraph (C)(1)(a) NM Gaming Compact as Amended July 2007
2. Id.
3. Section 11, Paragraph (C)(1)(b) NM Gaming Compact as Amended July 2007
4. Section 11, Paragraph (C)(1)(c) NM Gaming Compact as Amended July 2007
5. Section 11, Paragraph (C)(2) NM Gaming Compact as Amended July 2007
6. Section 2, Paragraph (A) NM Gaming Compact as Amended July 2007; See 25 U.S.C. §2703(8); See 25 C.F.R. §502.4
7. Section 12, Paragraph (A) NM Gaming Compact as Amended July 2007

What are your thoughts?