{"id":265961,"date":"2023-03-23T15:16:24","date_gmt":"2023-03-23T20:16:24","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=265961"},"modified":"2023-03-24T11:53:00","modified_gmt":"2023-03-24T16:53:00","slug":"texas-sports-betting-might-be-pushed-off-to-2025","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/","title":{"rendered":"Texas Sports Betting Debate Taking Shape, But Look to 2025, Say Analysts"},"content":{"rendered":"<p>Texas lawmakers are currently considering an assortment of gaming-related legislation. But some experts caution that sports wagering remains a long shot this year in the Lone Star state.<\/p>\n<figure id=\"attachment_252000\" aria-describedby=\"caption-attachment-252000\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-252000\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/Dallas-Cowboys-QB-Micah-Parsons-142x96.jpg\" alt=\"Dallas Cowboys QB Micah Parsons\" width=\"1200\" height=\"814\" \/><figcaption  id=\"caption-attachment-252000\"class=\"text-description\">Dallas Cowboys QB Micah Parsons reacts on the field after a play. Hopes for sports betting in Texas could be pushed out to 2025. (Image: <em>USA Today Sports<\/em>)<\/figcaption><\/figure>\n<p>This week, the Texas House of Representatives State Affairs Committee is considering three gaming bills &#8212; two that combine casino licensing and sports betting, <a href=\"https:\/\/www.casino.org\/news\/pair-of-texas-republicans-introduce-sports-betting-bills\/\">and a standalone sports wagering<\/a> package. As the legislative session moves along, the casino bills may be reconfigured to exclude sports betting if that issue appears to be a nonstarter in terms of passage.<\/p>\n<blockquote class=\"main-blockquote\"><p><strong>The online sports betting bill proposes that Texas professional sports teams and racetracks will be able to apply for an online sports betting license, and if awarded one, can partner with up to one online sports betting operator. The online sports betting tax rate will be set at 10% of adjusted gross sports betting revenue, and each license will cost $500,000,\u201d<\/strong> noted Jeffrey Kamys of Inherent Wealth Fund.<\/p><\/blockquote>\n<p>Currently, Texas is somewhat restrictive in terms of wagering options, allowing only bingo facilities, a state-run lottery, and greyhound and horse racing.<\/p>\n<h2>Texas Sports Betting Heavy 2023 Lift<\/h2>\n<p>There\u2019s some momentum for mobile sports betting in Texas, namely from the state\u2019s professional sports team, the PGA Tour, and the Sports Betting Alliance, of which former <a href=\"https:\/\/www.casino.org\/news\/perry-maintains-constructive-view-on-texas-sports-betting\/\">Gov. Rick Perry (R-TX)<\/a> is a spokesman. It\u2019s also widely believed that if policymakers can successfully amend the state\u2019s constitution to allow for sports betting, voters will overwhelmingly sign off on the activity if it makes it to the November 2023 ballot.<\/p>\n<div class=\"callout\">\n<p>On the other hand, there\u2019s plenty of opposition, including anti-betting groups, Oklahoma tribal casino operators, and commercial gaming entities. They argue Texas would be better suited to allow land-based gaming venues first, while leaving sports betting for another time.<\/p>\n<\/div>\n<p>\u201cA new-ish wrinkle: The Kickapoo Traditional Tribe of Texas, which operates Class II casino gaming in the state, wants a seat at the table and wouldn\u2019t have one under a pending online sports betting (OSB)\u00a0 only bill that would make sports facilities OSB market access points,\u201d according to Eilers &amp; Krejcik Gaming (EKG).<\/p>\n<p>Louisiana <a href=\"https:\/\/www.casino.org\/news\/fertitta-taking-conservative-approach-to-las-vegas-plans\/\">casino operators<\/a> aren\u2019t mentioned among the entities opposing sports betting in Texas, and the reason for that is likely simple. Many of those companies would probably have their hands in the Texas sports betting pie, assuming the market comes to life.<\/p>\n<h2>2025 Could Be Best Bet for Texas Sports Betting<\/h2>\n<p>Multiple factors are standing in the way of sports wagering being approved in Texas this year. Those include the long-running opposition of Republican Lt. Gov. Dan Patrick. Patrick, who serves as president of the state Senate, recently reiterated his anti-sports wagering stance in a local media interview.<\/p>\n<div class=\"callout\">\n<p>Then there\u2019s the matter of money. Some states, Illinois and New York being prime examples, embraced OSB to plug budget shortfalls. Texas isn\u2019t in that position, as the state sports a tidy surplus. Additionally, there\u2019s a matter of time. The Texas legislature is in session through May 29, meaning there\u2019s a time crunch. Add it all up, and sports bettors in the state may be left waiting for another two years.<\/p>\n<\/div>\n<p>\u201cThat makes 2025 the more likely target for TX OSB legalization\u2014another reminder the industry faces an uphill battle in getting the remaining big states over the line,\u201d concluded EKG.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Texas lawmakers are currently considering an assortment of gaming-related legislation. But some experts caution that sports wagering remains a long shot this year in the Lone Star state. This week, the Texas House of Representatives State Affairs Committee is considering three gaming bills &#8212; two that combine casino licensing and sports betting, and a standalone [&hellip;]<\/p>\n","protected":false},"author":46,"featured_media":252000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,61,1074],"tags":[81899,81901,80968],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Texas Sports Betting Might Be Pushed Off To 2025<\/title>\n<meta name=\"description\" content=\"Hopes for sports betting in Texas this year are slim, putting 2025 into focus.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas Sports Betting Might Be Pushed Off To 2025\" \/>\n<meta property=\"og:description\" content=\"Hopes for sports betting in Texas this year are slim, putting 2025 into focus.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-23T20:16:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-24T16:53:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/Dallas-Cowboys-QB-Micah-Parsons.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1303\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/\",\"url\":\"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/\",\"name\":\"Texas Sports Betting Might Be Pushed Off To 2025\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/Dallas-Cowboys-QB-Micah-Parsons.jpg\",\"datePublished\":\"2023-03-23T20:16:24+00:00\",\"dateModified\":\"2023-03-24T16:53:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Hopes for sports betting in Texas this year are slim, putting 2025 into focus.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/Dallas-Cowboys-QB-Micah-Parsons.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/Dallas-Cowboys-QB-Micah-Parsons.jpg\",\"width\":1920,\"height\":1303,\"caption\":\"Dallas Cowboys QB Micah Parsons reacts on the field after a play. Hopes for sports betting in Texas could be pushed out to 2025. (Image: USA Today Sports)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sports Betting\",\"item\":\"https:\/\/www.casino.org\/news\/sportsbetting\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Texas Sports Betting Debate Taking Shape, But Look to 2025, Say Analysts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Texas Sports Betting Might Be Pushed Off To 2025","description":"Hopes for sports betting in Texas this year are slim, putting 2025 into focus.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Texas Sports Betting Might Be Pushed Off To 2025","og_description":"Hopes for sports betting in Texas this year are slim, putting 2025 into focus.","og_url":"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2023-03-23T20:16:24+00:00","article_modified_time":"2023-03-24T16:53:00+00:00","og_image":[{"width":1920,"height":1303,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/Dallas-Cowboys-QB-Micah-Parsons.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/","url":"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/","name":"Texas Sports Betting Might Be Pushed Off To 2025","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/Dallas-Cowboys-QB-Micah-Parsons.jpg","datePublished":"2023-03-23T20:16:24+00:00","dateModified":"2023-03-24T16:53:00+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Hopes for sports betting in Texas this year are slim, putting 2025 into focus.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/Dallas-Cowboys-QB-Micah-Parsons.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/Dallas-Cowboys-QB-Micah-Parsons.jpg","width":1920,"height":1303,"caption":"Dallas Cowboys QB Micah Parsons reacts on the field after a play. Hopes for sports betting in Texas could be pushed out to 2025. (Image: USA Today Sports)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/texas-sports-betting-might-be-pushed-off-to-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Sports Betting","item":"https:\/\/www.casino.org\/news\/sportsbetting\/"},{"@type":"ListItem","position":3,"name":"Texas Sports Betting Debate Taking Shape, But Look to 2025, Say Analysts"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. 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