Texas sports betting
According to Fortune Business Insights, the global online betting industry will touch $154 billion in 2028. In 2020, the American online gambling market stood at $2 billion and is projected to grow at a CAGR of 17% between 2022-2027.
Online gambling observers expect the Texas sports betting market to grow significantly in the approaching future. Texas is the biggest state in the continental U.S. This state is also home to the 5 biggest cities in the United States.
If you would like to know more about the state of online sports betting in Texas, continue reading this article. This guide also answers a critical question: Is it legal to bet on sports online in Tennessee?
Can I place a wager on sports online in TX?
No, you can’t bet online in Texas. This state has banned all forms of online betting and gambling. In fact, Texas has fuzzy laws about online betting and gambling. While it expressly forbids the setting up of gambling parlors and websites, it doesn’t stop gamblers from accessing offshore websites.
However, betting on offshore platforms is risky. Since these entities don’t come under Texas sports betting laws, players have little legal recourse should they lose money unfairly. With that said, several US sports betting sites are planning to enter the Texas sports betting market.
Sports betting sites that may launch in Texas
Texans can look forward to betting on several world-class betting sites in the future. All these popular sportsbooks are legit and have valid licenses from the respective gambling regulators. Furthermore, gamblers can pay and withdraw money from these sites using several payment gateways.
Online sports betting bills in Texas
In 2019, Rep. Eddie Lucio (D) introduced a bill in the Texas House to allow sports betting in the state. HB 1275 sought to allow all Texans and visitors to wager on pro and college teams. This bill also wanted Texas to regulate all retail and online sports books.
While Rep. Lucie’s bill didn’t move forward – because of political reasons – it continues to remain in limbo. HB 1275 is still alive, and gambling enthusiasts believe it will become a reality shortly.
Currently, Republicans hold a majority in the Texas House of Representatives. To become a reality, the House must pass HB 1275 with a clear majority. However, the current Governor of Texas, Greg Abbott, opposes gambling and isn’t expected to clear this legislation. In that case, a two-thirds majority in both houses can overrule the gubernatorial veto and see this bill through.
Rep. Dan Huberty introduces a House Amendment Bill in February 2021 that allows sports betting in Texas.
In March 2021, a bipartisan bill (HJR 133) is introduced in the House, allowing to set up of 4 casinos in the state.
Latest updates on online sports betting in TX
Brick-and-mortar sports betting venues in TX
Neither retail nor online sportsbooks currently live in Texas. Any progress on Texas sports betting can only be seen in 2023 when the Texas legislature meets again and decides on the pending legislation.
That said, Texas has 3 land-based casinos in tribal areas. These are the Kickapoo Lucky Eagle Casino in Eagle Pass, Naskila Gaming in Livingston, and El Paso’s Speaking Rock Entertainment Center.