Texas Sports Betting Outlook 2025: Challenges & Future

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00:00Let's get now to Texas as we end here.

00:06Is there a chance for 2025 for them?

00:08What's the latest update?

00:09It does not look great in Texas for 2025.

00:12I think we're still looking at probably 2027 and that is of course because they meet every

00:16other year.

00:18You know, the Senate picked up another Republican seat and Republicans in Texas are really not

00:23for sports betting.

00:25So it's a really tough place to get it over the goal line because Dan Patrick, the Lieutenant

00:33Governor is staunchly against sports betting and gambling and that kind of filters down

00:38because he is the President of the Senate to the rest of the Senators and it doesn't

00:43seem like it's going to change.

00:44Now with the presidential election going towards Donald Trump, there could be a possibility

00:50that Dan Patrick moves on to an administrative role in his administration, but any potential

00:57successors are also likely anti-sports betting.

01:01So there you go.

01:02There's not going to be too much of a shift next year.

01:052027, there could be a new regime change and everything in Texas.

01:08So that could be more of a bright spot.

01:10You've got lots of money coming in from the likes of Jerry Jones and Adelson's and the,

01:16you know, Mark Cuban, all for sports betting, more so necessarily, I think necessarily probably

01:21gambling and the resort tourism potential that's there.

01:25But sports betting would be, you know, ancillary to that.

01:28So that'd be, there's lots of proponents there as well that could help get it over the edge.

01:35If it doesn't fail, we've got, we're seeing some tribal suggestions of maybe they'll go

01:39by way of like your state of Florida and launch something.

01:43So Texas is something to watch for sure.

01:46It could be a significant, it will be a significant state whenever it decides to legalize it.