Sports

Will Texas legalize online sports betting?

2018, the time for change

Back in 2018, the Supreme Court made the bold decision to remove the 1992 Professional and Amateur Sports  Protection Act (PASPA) and instead hand over the control on sports betting laws as well as gambling as a whole to the individual states. The sports side of gambling in particular is one that offers enormous potential for the United States and to put a nationwide ban on it, has been deemed unconstitutional by the Supreme Court.

America’s love affair with the world of sport is no secret. This is shown by the size of the sports industry with leading competitions such as the NFL, NBA, MLB, and College Football bringing in incredible numbers that most other sports fail to compete with. With so many sports and lots of states now legalizing sports betting, there are now a bunch of sportsbooks entering the market, and sports betting online is looking like it will dominate the market in years to come.

What’s happening in Texas?

For those Texans who are hoping for the state to relax its laws on sports betting and gambling, they might have to wait a little bit longer. Despite this, there is still hope in the camp who are looking to push this over the line in the future.

Texas has been under consideration by the legislature and has so far failed in its attempt at least for 2021, but changing demographics and investment from outside gaming interests make this a much more viable possibility for 2022.

The bills proposed would have allowed voters to make the decision on whether or not to legalize gambling in Texas which included sports betting and an attempt to bring casino resorts to several cities in the state. A number of major Texas sports franchises endorsed the legalization of sports betting such as the Cowboys, Mavericks, and the Texas Rangers.

Sports betting and gambling as a whole have gathered a lot of support as the conversations and meetings about whether or not it is good for America increase. A big part of why this support has grown is the social and economic benefits that it brings. The revenue that would be expected is substantial and the state, local, and federal taxes to be taken from it can be pumped back into a society which would be a huge welcome to the citizens of Texas. Job creation is another significant benefit that works both directly and indirectly as a result of gambling institutions increasing their presence. It is estimated that sports betting alone in the United States can facilitate the creation of125,000 to 152,000 new jobs across the country. Safety and lower crime is another persuasive factor in favor of legalization. A lot of gambling prior to the 2018 decision operated in the shadows which resulted in an unsafe environment for gamblers and those in need of help were cautious about coming forward due to it being an illegal practice. Overall, the legalization of sports betting has the potential to remove a lot of the controversy surrounding it. From safer transactions that are also increased as competition increases and security becomes a big selling point, to further support clinics for those in need and are no longer scared to seek help, there are a bunch of positive outcomes should Texas take the plunge.

Whilst many have opened the doors to gambling and sports betting, Texas is not alone in its stalled position.12 other states are under consideration by the legislature with possibilities for 2021 and 2022. These include Alabama, Connecticut, Georgia, Kansas, Kentucky, Maine, Massachusetts, Missouri, Nebraska, North Dakota, Ohio, and Vermont. 10 other states appear to be even further away from accepting with some unwilling to even consider. The country so far, 3 years on, appears split with many still on the fence. Of the states that have loosened the laws, many have still gone about it in a cautious manner. It appears that many states are using sports betting as the gateway to testing out the reaction and outcomes of introducing gambling to their state. There are many cases where states have only granted the possibility of sports betting but have not done so for casinos. This is perhaps a possible step for Texas in the near future although many campaigning for the legalization will be hoping for more, with eyes on building casinos resorts.

Texas appears to be the ideal market for sports betting!

It’s bound to be just a matter of time before the United States as a collective recognizes and embraces the gambling industry. Although many are still yet to make a move, perhaps the success of the states that have done so will prompt the rest of the country to follow suit. It seems that the steppingstone to this scenario is through sports betting and it wouldn’t be a bad place to start for a state like Texas. Texas is the largest US state and arguably the state that loves sport the most and with that, Texas has a lot to benefit from economically and socially. There is serious potential for Texas to be an enormous gambling state and it will be very interesting to see how they move forward in the coming years. Nothing is expected this year, but perhaps 2022 could be the year Texans get to place a legal bet on the Cowboys.

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