A new study by Eilers & Krejcik predicts that legalizing sports betting in Texas could generate over $360 million in direct tax revenue and create more than 8,000 jobs. The research estimates an annual economic output of over $2.6 billion and non-gaming tax revenues of $24.3 million per year.
Texas remains one of 11 states where sports betting is illegal, and a new study showed government officials may want to get with the times.Eilers & Krejcik, an independent research firm, conducted a new study showing sports betting would pay off for the state of Texas , FOX Business has learned.
Legalizing it would allow us to keep billions in revenue here at home, supporting crucial needs like education and lowering property taxes — all without raising other taxes," Leibman said in a statement."Texans are already betting; it’s time we make it safe and fair, while ensuring our state benefits. Letting Texans decide this issue is about economic opportunity and the freedom to choose.
Sports Betting Texas Economic Impact Legalization Revenue
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