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. The study, "Legal Online Sports Betting In Texas: Revenue Forecast And Economic Impact Analysis," estimates the market could generate over $360 million in direct tax revenue for the state, while adding over 8,000 jobs. Texas Rangers co-owner Neil Leibman is all for bringing legalized sports betting to the state. "Texas has always led the way in growth and opportunity, but we’re falling behind when it comes to sports betting.

Source: Fox News November 20, 2024 00:55 UTC