Here's How Much Texas Could Stand to Gain if it Legalizes Online Sports Betting

Gambling is already happening in Texas, but the state is not profiting a dime. The revenue from illegal, offshore and unregulated sports betting within Texas ranges from $5.4 billion to $21.6 billion per year.

There is a $91.8 billion sports tourism industry in Texas. The state is seeing its worst inflation rate in 40 years. Texas legislators will meet to discuss legalizing sports betting in 2023. The Sports Betting Alliance is made up of the Texas Rangers, Dallas Mavericks, and Dallas Cowboys, as well as other teams in Houston, Austin and San Antonio. They gather every three or four months to talk about the strategy for affecting sports gambling legalization. Data Bridge Market Research estimates the market will grow to $167.66 billion by 2029.