New Mexico Gaming Expansion Would Cut Tax Revenue, Report Warns
19th Oct 2020 | Written by: Chris Sieroty
- Proposal would lower total New Mexico tax revenues
- Online gaming, sports betting remain tough sell to tribes
- Jobs being cut as commercial casinos remain closed
A proposal to allow New Mexico's commercial casinos to offer online gaming, sports betting and table games while eliminating tribal revenue-sharing could cost the state millions of dollars annually, according to a legislative report.
In exchange for expanded casino gaming, the proposed Gaming Recovery Act would eliminate the revenue-sharing payments tribes are required to make to the state.
To continue reading please log in or request a demo to speak to a member of the team.
Request a Trial
Click here to request a trial