#Dan Huberty

Sports betting has continued to explode in the U.S. despite the reticence of many states to legalize the practice. One of the benefits cited by proponents of legalized sports betting is the tax revenue that states are able to collect. A recent piece in D Magazine analyzed just how much a state like Texas stands to benefit from legalizing sports…

Texas is one of the crown jewels for U.S. sportsbook operators, and an alliance of bookmakers and teams is planning to try again to legalize mobile event wagering in the state. A coalition of professional sports teams and bookmakers plans to take another run at bringing sports betting to Texas during the state's upcoming legislative session. The…

Gambling is already happening in Texas under lawmakers' noses. The catch? The state is not profiting a dime. Brandon DuBreuil, sports betting expert for online betting resource Covers, estimates that the volume of illegal, offshore, and unregulated sports betting within Texas ranges from $5.4 billion to $21.6 billion per year. The revenue from…