Sports Betting Would Be Economic Boon for Texas Study Says
Texas is one of 11 states that currently doesn’t permit any form of regulated sports betting, but should that change, the second-largest state by area could reap significant economic benefits.
In its recently published “Legal Online Sports Betting In Texas: Revenue Forecast And Economic Impact Analysis,” Eilers & Krejcik Gaming (EKG) forecast that should Texas permit mobile sports wagering, it could result in the creation of 8,000 jobs and $360 million in direct tax revenue flowing to state coffers.
The research firm added that by legalizing sports betting, the Lone Star State could haul in $24.3 million annually in additional nongaming taxes while enjoying an overall economic benefit of $2.6 billion.