New Mexico Racino Revenue Dips

Gaming revenue at the state's racinos has declined for the second consecutive year.

Santa Fe New Mexican

The net win at New Mexico's five racinos reached $226.4 million during the fiscal year ended June 30.

Slot machine revenue at New Mexico's racetracks has declined for the second straight year, dropping to its lowest point since 2005.

According to a report in the October 13 edition of the Santa Fe New Mexican, figures provided by the New Mexico Gaming Control board show that the tracks' net win from slots -- that's the amount gambled minus the amount paid in winnings -- totaled $226.4 million in the fiscal year ended June 30, down from $241 million during the previous year and off $38.9 million, or 15 percent, from a record $265.3 million in 2015.

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