A new study shows Texas, one of 11 states where sports gambling remains illegal, could see a financial benefit if gambling was legalized.
Texas remains one of 11 states where sports betting is illegal, and a new study showed government officials may want to get with the times. Eilers & Krejcik, an independent research firm, conducted a new study showing sports betting would pay off for the state of Texas, FOX Business has learned.
The report estimated Texas would benefit from over $2.6 billion annually in economic output, adding non-gaming tax revenues generated from legal sports betting are expected to total $24.3 million per year. Texas Rangers co-owner Neil Leibman is all for bringing legalized sports betting to the state. "Texas has always led the way in growth and opportunity, but we’re falling behind when it comes to sports betting.
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