September 25, 2022

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Is It Time For Casino Gambling In Texas?

Is It Time For Casino Gambling In Texas? This question is posed with great urgency, given the state’s gaming laws, which remain among the strictest in the country. The proposed expansion of gambling by Las Vegas Sands would have added four new destination resorts to the state’s major metro areas, including Dallas, Houston, and San Antonio. Sands had previously said it was committed to Texas for the long term, but lawmakers did not advance the bill during its first session.

The debate over expansion of casino gambling in Texas has been brewing for decades. While conservative and religious groups still hold sway in the state capitol, there are several reasons for optimism. The state’s demographics are rapidly changing, away from its conservative traditions toward a more ethnically diverse one. This means that gambling-friendly voices are increasingly carrying political sway in Texas’ population centers. While this may not happen immediately, it is possible that the state’s gaming climate will warm in the coming years.

Texans have long pushed for legal gambling venues, but their efforts have been unsuccessful. For decades, Texans have dismissed gambling as an immoral vice, and their dollars flow into other states. Meanwhile, illegal bookmakers and hundreds of unregulated offshore betting sites have thrived in Texas. Even if Texas politicians continue to reject the idea, it will take time before it reaches a final decision. As a result, the issue may not be settled until the 2023 legislative session.

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Adelson, who owns Las Vegas Sands, also lobbied heavily against the bill. The billionaire has made it clear that he believes Texas is a huge opportunity for Sands Casinos, and the bill he backed doesn’t include sports betting, but does legalize casino gambling. The bill would be taxed at 18 percent on gross revenue, and all gaming would be overseen by the Texas Lottery Commission.

While the future of legal sports betting in Texas is uncertain, a recent article published in the Houston Chronicle suggests that legalizing casino gambling is inevitable. Although the state’s political climate isn’t favorable for gambling, its large population makes it an attractive market for major U.S. and international operators. In addition, despite its vast population, Texas lacks traditional commercial casinos and a tethering agreement with the major sports leagues.

While the state’s attitude toward casino gambling hasn’t changed much since it was legalized, there have been notable exceptions. Three Native American tribes are permitted to operate gaming facilities on their sovereign lands, which a state official has challenged for years. In recent years, a handful of casino cruise ships have operated in Texas’ Gulf Coast waters, but they are still a mere blip in the overall casino market.