Texas Sports activities Betting Unlikely in 2021 • This Week in Playing
Skilled sports activities groups within the Lone Star State have been in a spiral dive for some time. And hope for regulated Texas sports activities betting doesn’t look a lot better for the instant future.
Regardless of all of the hope and rhetoric, a number of issues would wish to occur earlier than any sports activities wagering laws would cross. First, the state must amend its structure to permit for the betting on sporting occasions. At this level, there doesn’t appear to be sufficient political assist to make that occur.
Second, there are competing pursuits between sports teams and casinos… to not point out opposition from spiritual teams. Any try and legalize Texas sports activities betting will meet with a troublesome battle. Nonetheless, two separate payments to manage the exercise have been filed this yr.
Supporters of legalized betting on sports say that the trade may usher in as a lot as $150 million a yr. And whereas that will sound like so much, it’s only a drop within the bucket in a state as huge as Texas.
Maybe the Lieutenant Governor, Dan Patrick, gave essentially the most concise and real looking assertion on the matter when he stated, “Folks have been fooled a few years in the past after they have been informed the lottery can pay for schooling. Properly, the lottery pays for a few days of schooling. Our funds is $125 billion. So if you wish to pitch sports activities betting or casinos, discuss jobs, discuss tourism. Don’t discuss cash…”
You possibly can learn extra about the opportunity of Texas sports activities betting on the Legal Sports Report.