title: New Mexico — Tax: What is the tax take? | advennt.io canonical: https://advennt.io/jurisdictions/new-mexico/taxes/ [Jurisdictions](https://advennt.io/jurisdictions/) [New Mexico](https://advennt.io/jurisdictions/new-mexico/) Tax New Mexico · Question 05 of 11 # Tax: What is the tax take? Mixed · Confirmed · AI-generated · [Back to full New Mexico report →](https://advennt.io/jurisdictions/new-mexico/) Key section parameters | Jurisdiction | New Mexico (US-NM) | |---|---| | Regulator | New Mexico Gaming Control Board (NMGCB) | | Favourability | Mixed | | Confidence | Confirmed | | Review status | AI-generated | | Last collected | 18 Oct 2026 | Summary answer Racetrack casinos (racinos) are taxed at an effective 46.25% of net take (26% gaming tax + 20% racing purses + 0.25% problem-gambling fund); gaming-device distributors/manufacturers are taxed at 10% of gross receipts from gaming devices. Tribal gaming is not taxed but subject to negotiated revenue-s… ## Full section analysis Racetrack casinos (racinos) are taxed at an effective 46.25% of net take (26% gaming tax + 20% racing purses + 0.25% problem-gambling fund); gaming-device distributors/manufacturers are taxed at 10% of gross receipts from gaming devices. Tribal gaming is not taxed but subject to negotiated revenue-sharing with the state General Fund under the compact.