Texas Lawmakers Take New Shot at Regulated Gambling
A new Texas bill proposes a constitutional amendment to legalize casinos and sports betting, requiring public approval and legislative support.Summary
Texas state representative Charlie Green has introduced a constitutional amendment that would allow voters to decide whether to legalize casino gambling and sports betting in the state. The proposal envisions up to 10 licensed casinos with 40-year licenses, negotiations with Texas tribes for gambling compacts, and a strict licensing regime with operators paying up to 15% in taxes. The amendment does not mention iGaming or online sports betting. Before reaching a popular vote, the measure must secure two-thirds support in both chambers of the Texas legislature. Recent midterm elections and a shifting political landscape, with Democrats preparing to take control of the House, may give the proposal its best chance in years. Previous attempts failed due to legislative resistance and Governor Greg Abbott's hesitation over addiction and social concerns. The rise of prediction markets could indirectly support expansion, but the coming weeks will determine if Green's proposal gains necessary support or joins past failed efforts.
(Source：Gamblingnews)