Texas could be the next US state to introduce regulated sports betting. Ever since the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, a wave of change has swept across the country. New Jersey was the first state to agree with the Supreme Court’s decision that PASPA violated the Tenth Amendment. It subsequently introduced its own sports betting laws and broke the stranglehold that Nevada, Oregon, Delaware, and Montana had held since 1992. Other states quickly followed and, since early 2019, there has been a domino effect.
Analysts at various banks, including Barclays, described the US as a nation filled with potential. Previous estimates suggested there was upwards of $200 million a year being wagered at unlicensed sportsbooks by Americans. Therefore, regulation had the power to unlock vast sums of income. That certainly seems to be the case. New Jersey sportsbooks are now generating upwards of $50 million in revenue every month. In fact, since the Garden State regulated local betting sites, they’ve made more than $1.6 billion.
Texas is a Sport-Loving State
It’s the same in other states. From Arkansas to Colorado, Illinois to Iowa, states across the US have been profiting from the nation’s love of sports. Now, the owner of the Dallas Cowboys, Jerry Jones, believes it’s a question of when, not if, legal sports betting will become a reality in Texas. Jones appeared on Sportsradio 96.7 FM in July and gave his take on the latest efforts to introduce regulated betting in the state. From his perspective, a precedent has already been set. As explained in the guide to sports betting in Texas from Betting.us, there’s betting activity taking place across the Lone Star State right now.
Although full sports betting isn’t allowed, residents can speculate on horse and greyhound races. Texas also has 14 casinos located inside dedicated gaming venues and racetracks. Therefore, even though numerous bills aimed at legalizing sports betting have failed, Jones is right to be confident. Texas might not be a major gambling state like Nevada or New Jersey. However, it’s not completely devoid of betting options. What’s more, there’s a love of sports that courses through the veins of this state. In fact, sport is the heartbeat of many Texan towns and cities.
Regulations Will Protect Consumers
Regardless of whether it’s students doing their thing for charity in the Texas 4000 bike ride or a preview of Cowboy’s preseason camp, we cover sports from all angles. In fact, it’s not just our corner of the internet where sport thrives. The Cowboys still get some of the best TV ratings in the NFL; even in games that don’t matter. For example, 7.3 million people watched the August 2021 preseason game against the Steelers. For a game without any real meaning and devoid of stars, that’s impressive. It’s also worth noting that the Cowboys still get the biggest audiences throughout the regular season. In 2019, for example, 32.6 million viewers tuned into the Thanksgiving game against the Bills.
A moment 33 years in the making…
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Basically, when it comes to sport, Texans are just as eager to watch as they are to participate. That’s what makes us a sporting state and that’s the reason Jerry Jones is confident a betting bill will be passed at some point in the future. In fact, Jones is more than confident. He’s part of the Sports Betting Alliance alongside the owners of the NBA’s Dallas Mavericks and the MLB’s Texas Rangers. In unison with other sports teams and organizations, they’re pushing lawmakers to pass a sports betting bill for the safety of consumers. While there are clear financial benefits for the state, regulation will be best for sports fans, according to Jones.
Sports Betting in Texas Won’t be a Gamble
During his interview on Sportsradio 96.7 FM, he said that gambling “as it pertains to [Cowboys’] games” is “already here.” In other words, people are already finding ways to bet on NFL games. Jones believes that regulation will flush out the unlicensed bookmakers and give fans the ability to bet safely with state-regulated companies. That’s the line other states have taken and, based on the facts, it seems to be working. Licensed betting sites are tightly controlled. Customers have to prove their age and identity by submitting official documents. They also have to prove their location.
Indeed, until there’s a federal law passed, all sports betting is state-based. Therefore, any bill that’s enacted in Texas will only apply within state lines. Fortunately, modern online sportsbooks have the technology to ensure only those who are allowed to gamble do so. That keeps the operators safe, it keeps the customers safe, and it ensures states have thriving sport betting industries. Jones believes all of this will be coming to Texas soon. But, for now, legalization remains in the hands of politicians.