A recent report from Eilers & Krejcik reveals that Texas could generate over $360 million in annual tax revenue with the legalization of sports betting.
The survey anticipates a total handle of $32.1 billion following market maturation, revealing a 43% increase over previous projections due to a highly dynamic betting environment.
The report suggests that Texas might convert a $7 billion underground betting market into a regulated one, boosting state revenue and creating over 8,000 jobs.
With 41 states already embracing legalized sports betting, Texas remains one of the major states yet to adopt legislation, potentially missing out on significant revenue.
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