Texas currently has a ban on sports betting, but three of the Lone Star State’s professional sports teams have now teamed up to see if they can bring in Calvary and win one for the Alamo.
The NFL’s Dallas Cowboys, NBA Dallas Mavericks and Major League Baseball’s Texas Rangers want to initiate legal sports betting in Texas and place the decision in the hands of the voters.
These three professional sports franchises are now supporting the Sports Betting Alliance and are joining efforts by major sports betting providers to ease national regulations.
The alliance consists of DraftKings, FanDuel and BetMGM. These three sports betting juggernauts are usually among the first to be mentioned when a state takes a move towards legal sports betting, and now their lobbyists are joining the Cowboys, Mavericks, and Rangers.
Acknowledging that massive amounts of revenue are being lost to offshore sports betting websites, the group is now attempting to make voters aware of this fact through an organized campaign that will be distributed across television, print and social media.
“There are already unregulated and illegal sports games going on in the state of Texas. Legalized sports betting would regulate the industry and generate hundreds of millions of dollars of new revenue for the state that would help fund critical programs without collecting taxes. “
Charlotte Jones – Executive Vice President and Chief Brand Office, Dallas Cowboys
It is only natural that Texas would be the target of domestic sports betting, as it is the second largest state after California and is just outside Florida.
Legal sports betting is currently stalling in California until 2022 after state tribal interests intervened. Florida currently has laws legalizing domestic sports betting up for debate, but a bill has yet to be received at the governor’s desk.
Now all eyes are on Texas, but even the fastest potential schedule is likely not to place sports betting in Dallas in time to bet on Super Bowl 56.
One element that has brought sports betting to a standstill in TX is the state’s historic opposition to casino gambling. The current effort by the Sports Betting Alliance believes that by focusing on sports betting they can avoid the bad publicity that casinos in the area have earned and implement revitalized marketing strategies to incite votes in their favor.
Even if lawmakers vote on the nationwide sports betting issue, it might not get into the vote until November at the earliest, and it could be years before national venues open their doors.
Much like Florida and California, Texas has tribal interests that are sure to play a role, but at the time of this writing they have remained conspicuously silent.
To increase the hurdles that legal sports betting must overcome in Texas, several GOP lawmakers see the legislation as unfavorable and are actively speaking out against a permit.
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Source: Dallas News