{"id":329269,"date":"2024-08-30T16:45:26","date_gmt":"2024-08-30T21:45:26","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=329269"},"modified":"2024-08-30T16:45:26","modified_gmt":"2024-08-30T21:45:26","slug":"jones-without-sports-betting-texas-missing-out-on-big-revenue","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/jones-without-sports-betting-texas-missing-out-on-big-revenue\/","title":{"rendered":"Jerry Jones: Without Sports Betting, Texas Missing Out On Big Revenue"},"content":{"rendered":"

Dallas Cowboys owner Jerry Jones has long supported bringing regulated sports betting to Texas and he recently reiterated that view, noting that the state is missing out on substantial tax revenue by failing to legalize that mobile sports wagering.<\/p>\n

\"Jerry
Dallas Cowboys owner Jerry Jones at an NFL awards show. He says Texas is missing out on big tax revenue by not legalizing sports betting. (Image: Blogging the Boys<\/em>)<\/figcaption><\/figure>\n

In a media session earlier this week following a Cowboys practice, Jones said he thinks the Lone Star state will eventually have sports betting, but until then, Texas is missing out on an opportunity to generate significant tax receipts.<\/p>\n

I think ultimately you\u2019ll have sports betting in the state of Texas. Until that time, the state does lose an opportunity for huge amounts of revenue,\u201d the Cowboys boss said.<\/p><\/blockquote>\n

Jones didn\u2019t speculate as to when the state could approve mobile sports betting, but it appears that is highly unlikely to happen prior to the 2027<\/a> legislative session. If it happens then and the matter is approved by voters later that year, it\u2019s possible Texas would have mobile sports wagering in advance of the 2028 football season.<\/p>\n

Jones Wants Transparency in Texas Sports Betting<\/h2>\n

Jones and other owners<\/a> of professional teams located in Texas have been vocal supporters of regulated sports wagering coming to the state because it\u2019d be a money-maker not only for the state, but for their franchises as well.<\/p>\n

\n

Former Gov. Rick Perry (R-TX) previously said a regulated sports betting market could generate $250 million<\/a> for the state, based on an estimated black market handle of $8.7 billion. However, some analysts and industry observers debate the extent to which Texas will financially benefit from sports betting, with some taking issue with the $8.7 billion figure. Beyond the financial implications, Jones wants Texas to execute sports betting in such a way that it\u2019s fair and transparent.<\/p>\n<\/div>\n

\u201cI think that properly, properly supervised, by the people that play the games and people that have the teams that play the games and the individual athletes \u2014 you\u2019ve got to make sure that the perception is and the reality is that there\u2019s just no compromising on it all being very competitive and up-and-up,\u201d he told the press. \u201cI think that takes some time in some places more than it does others.\u201d<\/strong><\/p>\n

Jones has some gaming investments, including ties to an Arkansas casino<\/a> plan. Along with several other professional team owners, he was an early investor in DraftKings (NASDAQ: DKNG).<\/p>\n

Texas Sports Betting Outlook<\/h2>\n

In 2023, both casino gaming and sports wagering made more progress than the issues previously had in Texas, but both ultimately perished because there wasn\u2019t momentum in the state Senate to take up the related bills.<\/p>\n

Lt. Gov. Dan Patrick<\/a> (R) controls what bills are heard in the Senate and his opposition to gaming expansion is well-documented.<\/p>\n

Due to this being an election year, the Texas legislature had a brief schedule, making it difficult to consider gaming issues. The legislature is scheduled to reconvene in January, but the prevailing wisdom in sports betting circles is that politicians there won\u2019t prioritize sports wagering.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Dallas Cowboys owner Jerry Jones has long supported bringing regulated sports betting to Texas and he recently reiterated that view, noting that the state is missing out on substantial tax revenue by failing to legalize that mobile sports wagering. In a media session earlier this week following a Cowboys practice, Jones said he thinks the […]<\/p>\n","protected":false},"author":46,"featured_media":253617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[82961,61,86438,13592,86433,1074],"tags":[81004,81901,86457,81895,82058,80968],"acf":[],"yoast_head":"\nJones: Without Sports Betting, Texas Missing Out On Big Revenue<\/title>\n<meta name=\"description\" content=\"Jerry Jones: Without Sports Betting, Texas Missing Out On Big Revenue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/jones-without-sports-betting-texas-missing-out-on-big-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jones: Without Sports Betting, Texas Missing Out On Big Revenue\" \/>\n<meta property=\"og:description\" content=\"Jerry Jones: Without Sports Betting, Texas Missing Out On Big Revenue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/jones-without-sports-betting-texas-missing-out-on-big-revenue\/\" \/>\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=\"2024-08-30T21:45:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/JJ.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\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\/jones-without-sports-betting-texas-missing-out-on-big-revenue\/\",\"url\":\"https:\/\/www.casino.org\/news\/jones-without-sports-betting-texas-missing-out-on-big-revenue\/\",\"name\":\"Jones: Without Sports Betting, Texas Missing Out On Big Revenue\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/jones-without-sports-betting-texas-missing-out-on-big-revenue\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/jones-without-sports-betting-texas-missing-out-on-big-revenue\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/JJ.jpg\",\"datePublished\":\"2024-08-30T21:45:26+00:00\",\"dateModified\":\"2024-08-30T21:45:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Jerry Jones: Without Sports Betting, Texas Missing Out On Big Revenue.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/jones-without-sports-betting-texas-missing-out-on-big-revenue\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/jones-without-sports-betting-texas-missing-out-on-big-revenue\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/jones-without-sports-betting-texas-missing-out-on-big-revenue\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/JJ.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/JJ.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Dallas Cowboys owner Jerry Jones at an NFL awards show. 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