Texas sports betting is not currently available, but that could change as early as 2021. Lawmakers in the state have made recent attempts to pass new legislation that would allow sports betting in the Lone Star State.
The state of Texas is not home to any commercial casinos, and that could make things more difficult when looking to offer sports betting. Texas online sports betting could be easier to implement and launch, but that would not allow the state to become a huge force in the United States.
Texas is home to a number of professional sports teams, and these franchises support legal sports betting. There is reason to speculate that some of the top professional sports stadiums and arenas could eventually offer retail sports betting.
This will be a state to watch over the next few years as it could become one of the biggest sports betting markets in the United States.
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Since Texas is not home to any commercial casinos, lawmakers will have to get creative when looking to approve TX sports betting. One option would be to allow the professional sports teams in the state to apply for a license to offer retail betting at their home stadiums or venues.
There are some horse racing tracks in Texas, and these properties could also be allowed to accept wagers at their location. Retail sports betting won’t dominate the market, but it needs to be offered as an option.
Another debate is on how to allow TX online sports betting. Online sportsbook operators would be lining up for a chance to launch in such a big market, but lawmakers are still in the preliminary stages of talking about TX online sports betting.
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TX Sports Betting Rules
There haven’t been a ton of potential rules outlined in any of the sports betting bills that have been presented, but it is assumed that everything would be on the table. This means that bettors would be able to wager on the top professional, international, and collegiate sporting events.
TX sports betting would have plenty of popular teams to help drive the industry, and that includes teams at the collegiate level. Leaving out betting on Division I sporting events would be leaving revenue on the table.
Dallas Mavericks owner Mark Cuban has invested in the world of esports, and it is likely that these events would be offered by TX sportsbooks as well. Nothing will become official until a law is passed, but TX sports betting will likely give sportsbooks plenty of freedom.
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TX Sports Betting Regulations
Lawmakers in Texas have been discussing the possibility of regulated sportsbooks for the last few years, but nothing formal has ever been presented. Most legislators are focused on passing a casino bill first, and a constitutional amendment would be needed to legalize either industry.
In January 2021, Texas HB1121 was introduced as an attempt to legalize and regulate sports betting. This will start the discussion in the state, but it is unclear if this bill will have much support.
Texas does not currently have a gaming commission, so it is unclear what group would be put in charge of overseeing and regulating the industry.
Texas sports betting could become a huge player in the United States, but it’s unclear if and when that will ever take place. Lawmakers in Texas have made some recent attempts, but most of those bills have never been taken very seriously.
It is expected that TX online sports betting will be available when the industry officially launches. Retail sports betting could be offered at professional sports stadiums throughout the state as there currently aren’t any casinos in operation.
The size of the US sports betting industry would grow tremendously if Texas sports betting was able to launch. There is still plenty of work that needs to be done before that takes place, but there have been enough recent conversations from lawmakers that it looks as if it could happen in the near future.