Online sports betting in the USA is becoming increasingly popular. The once illegal act has recently been legalized in several states this year including; Connecticut, Massachusetts, Missouri, Maine, Arizona, and Kansas.
As it stands Texas is not set to legalize online gambling within its state. Sources suggest that legalization may be sped up due to pressure from other states, however, it’s unlikely to occur until 2023.
When it does happen Texas will see a massive increase in revenue, this will be the driving factor to getting legalization put through. The sheer volumes of cash flowing into the industry.
The Current Gambling Situation
There are no plans to allow online gambling within the state of Texas. The government officials didn’t join states this year in allowing the legalization of online gambling. This was quite the despair for players and several companies waiting on the state – all of which want a slice of the action.
There are still exceptions for players to place bets, with the option to do so only on specific sports. Currently, punters can bet on horse racing at specific establishments. This usually occurs at the racetrack, where the races are being held. Online and mobile app gambling is not permitted for horse racing, only in-person betting.
DraftKings and FanDuel are also restricted but can still operate in the state. These companies can offer players the chance to play fantasy sports games. This isn’t regulated just yet, but regulations may come into place over time. However, it seems that users are still able to gamble with offshore sportsbooks and place bets such as prop bets, in line bets, and in-play betting.
Recently, regulators from Texas have spoken to their respective counterparts in New Jersey, about what’s the best to go about bringing sports betting to the state. These discussions are hoped to lay the parameters for legislation in the state.
The Future Layout for SportsBetting in Texas
Online sports betting is inevitable in almost every state across the USA. Without a doubt, Texas will eventually join the other states in legalizing online sports betting. There’s simply too much money within the sports betting industry. So what may happen on day 1 when legislation happens?
There will be a select few online sportsbooks that will be selected and allowed to operate in the state. Typically, big companies may come in like Draft Kings, and MGM. Alternatively, the state may allow smaller companies to create sites and provide services to try and keep money within the state rather than having several giants coming in. Once these companies have the green light from the state they’ll be able to onboard players on a specified date.
One proposed plan is the idea that 14 – 20 licenses will be available for an online sportsbook. With this awarded to selected sportsbooks.
Users will all receive awesome bonuses and promotions for signing up to these sportsbooks. Sports such as soccer, football, horse racing, baseball, basketball, boxing, MMA, and many more will be available for users to bet on.
Final Thoughts
The pressure to legalize online sports betting in Texas is beginning to grow. The government will eventually cave in and allow players to begin sports betting. As we mentioned, they’ve been reported to be speaking to officials and regulators in NJ for advice on legalization. This could mean it will come sometimes within the new few years and 2023 at the latest.
Most players are going to offshore websites to place bets. So it only makes sense for Texas to legalize gambling and take a portion of the revenue. Before that happens we recommend brushing up on your sports and learning some new betting strategies so you can make money when legalization occurs.
References
- https://sportsbetting.legal/states/texas/
- https://www.legalsportsreport.com/47079/texas-sports-betting-push/
- https://www.lineups.com/betting/texas-sports-betting/#:~:text=Currently%2C%20sports%20betting%20is%20not,go%20to%20and%20place%20wagers.
- https://www.actionnetwork.com/legal-online-sports-betting/texas-2021
