Sports betting remains illegal in the State, despite the Federal government’s legalization of the activity through the 2018 Supreme Court decision. Despite lobbying efforts by gambling brands and sports leagues to have sports betting legalized, Texas Lawmakers have pushed the agenda to 2023.
Sports betting legalization in Texans is not a far-fetched idea despite the State having among the country’s most restrictive gambling laws. The State has a rich gambling history, is packed with sports betting partisans, and an active bill is already taking shape.
That being said, Texans are still free to place sports bets on offshore sportsbooks. This article looks at what Texans bet on the most. Read on to find out more.
The National Football League (NFL)
The NFL is finally open to sports betting after fighting it for decades. We are seeing NFL teams establishing partnerships with preferred bookies. The Dallas Cowboys already has the WinStar World Casino as its official casino partner.
Texans often turn to offshore bookmakers to wager on their favorite NFL teams and players. Legalizing sports betting in Texas will go a long way to augment how Texans engage with the National Football League.
The National Basketball Association (NBA)
The NBA commissioner, Adam Silver, has been and continues to support sports betting legalization in the US. Seeing that sports betting was still taking place anyway, Silver decided it would be best for the NBA to participate with proper safety and protection protocols.
The league continues to create a habitable environment for sports betting by signing partnership agreements. A legal Texas sports betting market would create lucrative opportunities for everyone. Mark Cuban, the owner of Dallas Mavericks, has shown interest in sports betting by investing heavily in Sports radar, a European sports betting tech provider.
Major League Baseball (MLB)
For over a century, basketball has remained one of the top sports to bet on in the United States. Due to this fact, there have been several scandals within the industry. Basketball was, therefore, hesitant to embrace sports betting.
However, as sports betting becomes more mainstream in other professional leagues, the tune is gradually changing. The MLB has already signed two official partnerships with gambling brands, namely MGM Resorts and DraftKings.
Sports enthusiasts in Texas are showing a proclivity to bet on the sport. “Mattress Mack” Mclngvale garnered national attention for wagering millions of dollars on his hometown Astros over the recent MLB seasons. But since it’s illegal to wager on sports in Texas, his action favors other states.
College teams might not be professional teams, but they serve as the breeding zone for professional athletes. This is why Texas colleges invest heavily in collegiate sports programs. If sports betting gets legalized in the State, betting on the Aggies, Red Raiders, or Longhorns will soon become a possibility.
The top and most popular colleges in Texas include the University of North Texas, Texas State, University of Houston, University of Texas, Texas A&M, Texas Tech, Baylor, and Texas Christian University.
New Jersey recently elected to allow restricted betting access on college teams, and this might become a possibility in Texas with progressive legislation.
The English Premier League
Football is among the most popular sports worldwide. The ability to make early cash outs and in-play bets are what puts football at the top of the sports betting list.
Many soccer fans in Texas often frequent offshore sportsbooks to place wagers on their favorite Premier League teams. However, with the market being unregulated, it is impossible to accurately determine how much money Texans bet on the sport.
On the other hand, soccer viewership ranges in the millions for major events such as the FIFA World Cup.
Horse racing has a long history in Texas, and it’s synonymous with gambling. For centuries, horse racing remained the most popular sport to bet on. Today, it is still a global betting giant and one of the few sports you can wager on around the clock.
Being one of the richest and most prestigious sports around the world, it’s known to offer huge prizes, attract renowned punters, and have unparalleled viewership.
Does it come as a surprise to you that tennis is the world’s third most popular sport in terms of betting? The dynamics of tennis betting have been advancing over the years from live to in-lay bets and more.
With the possibility of making bet combinations, tennis is considered a high-frequency betting sport. Tennis draws make the sport an easy low odd bet. For instance, Having the Nadal or Federer (who have dominated the sport for over two decades) playing an outsider is almost a guarantee that they won’t lose to the outsider.
Golf is gradually finding its way into the sports betting space, and Texans are aware of this promising market niche. With a total of 78 players participating at any given moment on the golf course and loads of betting formats, punters are torn for choices.
Regular golf events run for three days while the majors extend to four days. This presents many profitable betting opportunities for professional bettors and beginners alike. The odds and variable outcomes in golf are more favorable than in other sports.
Like horse racing, boxing is also synonymous with gambling. Though having been surpassed by sports like football, it is still a big sport betting niche.
On the other hand, MMA is somewhat a relatively new sport. However, the rich history of the UFC and the growing popularity of MMA betting among punters has seen the number grow. Texans are beginning to take a keen interest in this betting market.
This is the fastest-growing sports betting market. Being a sport of the 21st century, eSports is dominated by the young population and heavily powered by modern-day technologies such as artificial intelligence, virtual reality, and blockchain tech.
The growing popularity of eSports is pushing sportsbooks to adapt as quickly as possible or fall behind the trend. While virtual racing might have been around for many years, hundreds of other virtual sports exploded over the past couple of years.
With all leading bookies offering varying eSports match betting, more punters are turning to this niche, and the growing volume has seen the revenue surge across the sports gambling industry.