A recent study by Eilers & Krejcik Gaming (EKG) reveals significant potential economic benefits if Texas legalizes mobile sports betting. The analysis projects 8,000 new jobs and $360 million in direct tax revenue for the state, alongside $24.3 million in additional nongaming taxes and a total economic benefit of $2.6 billion.

Former Governor Rick Perry, representing the Sports Betting Alliance, estimates a $250 million revenue potential based on an $8.7 billion black market handle. While this unregulated market estimate faces some debate, it's clear that Texans are actively betting through unofficial channels, including local bookies, offshore sites, and neighboring Louisiana.

The revenue argument could be particularly relevant in Texas, which doesn't collect state income tax. Recent data shows states with legal sports betting collected $2.5 billion in revenue in 2023, a 34.7% increase year-over-year, achieved without participation from California and Texas - the nation's two most populous states.

However, Texas currently maintains a healthy financial position, with a $32.3 billion surplus reported last year and available funds of $188.2 billion against $109.8 billion in appropriations. This strong fiscal standing potentially weakens the urgency for new revenue sources.

Despite public support and clear economic benefits, sports betting faces significant political hurdles in Texas. Lt. Governor Dan Patrick, who controls the State Senate's agenda, remains opposed to both casino gambling and sports betting. While some speculate about Patrick's potential departure for the Trump Administration, his likely successor would probably maintain similar opposition.

Current projections suggest a 2027 ballot measure is more likely than a 2025 vote, with potential sports betting operations launching in 2028 if approved.

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