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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.