The United States is quite unique in the fact that the nation is essentially a balance between the federal government and states’ rights. In other words, some states are associated with entirely different legal and regulatory processes when compared to others. Two of the most contentious issues in recent times revolve around gun control and abortion. However, one lesser-known topic that has been making waves in recent times involves the notion of online gambling. Texas has always been one of the states known for its extremely stringent rules. Up until this point, virtual casinos have not been allowed.
However, things may be about to change in the near future. A proposal has been tabled that will essentially legalise online gaming throughout the state. In order to appreciate the chances of this proposal becoming a reality, it is first important to understand why Texas has been hesitant to pass similar legislation in the past. We can then move on to discuss what the future may have in store.
Why Such a Strict Approach?
To be clear, the majority of southern states prohibit online gambling and sports wagers. Why is this the case? There are two main reasons behind such a stance. The first involves what can only be called a more traditional religious stance. The southern portion of the United States has always viewed wagering as a type of vice and Texas is no different in this manner. Although the opinions of average players have certainly changed, this is not the case with long-term government officials who place more of a focus upon strict moral codes.
The second factor involves the state deficit. Texas boasts a number of valuable natural resources and as a result, its budget deficit is much smaller when compared to other states. While certain portions of the country have used online gaming as a means to generate much-needed revenue in order to offset large amounts of debt, Texas is in a healthier financial position. Therefore, some lawmakers do not see a need for additional sources of income.
The Tide is Beginning to Turn
Although the hurdles mentioned above could appear to represent nearly insurmountable digital hurdles, this may be about to change. One primary factor involves the simple fact that younger Texans are keen to enjoy the numerous forms of online entertainment. They are also aware that there are plenty of offshore gaming sites which can be accessed with the click of a button. In other words, it is becoming more and more difficult to enforce such regulations.
One striking illustration of these observations was pointed out in this article focusing on legislation in Texas, and is also focused around a sports betting bill originally filed in 2019. This proposal would make many forms of online wagering equal under the provision that all players pay a mandatory tax of 6.25 per cent on their winnings. This could potentially generate billions of dollars in revenue on an annual basis.
In the event that online casinos are legalised in Texas, this could also be a boon for the local economy. Many new jobs will be created and such a move is obviously beneficial from a long-term point of view. The money generated from such platforms could thereafter be funnelled back into state-wide projects such as infrastructure improvements and caring for those who live at or below the current poverty line. Simply stated, it appears as if legalising online gaming in Texas will represent a win-win situation for everyone involved.
The only question remaining is whether or not the entire country will one day pass a law which allows online gambling throughout all 50 states. Indeed, a growing number of experts feel that this eventuality will soon come to pass. Whether nor not legislators want to admit it, the country is now dependant upon the digital landscape. This trend is only expected to gain pace in the coming years as younger generations become even more immersed within the online community.
Whether you are an avid fan of online casinos or you are hoping to develop your own unique platform, the observations highlighted throughout this article should provide a glimmer of hope. We will still have to see what the future has in store.