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New Mexico Gambling Expansion Bill Stalled
Friday April 16, 2021 2:51PM
New Mexico Gambling Expansion Bill Stalled
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In Summary:
A bill to pass sports betting and table games at racinos in New Mexico is facing opposition from tribal officials, as it would violate gambling compacts
Sponsors say the legislation would boost the Lottery Scholarship Fund, but opponents claim it is a ploy to bring out of state corporations on the state gambling market
If the bill were to pass, New Mexico could lose the consequent revenue it receives every year from the tribes
New Mexico’s House Bill 101 to legalize sports and casino wagering at state racetracks has been stalled and seems unlikely to ever pass. ....

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