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.
The report estimated Texas would benefit from over $2.6 billion annually in economic output, adding non-gaming tax revenues generated from legal sports betting are expected to total $24.3 million per year.
Texas Rangers co-owner Neil Leibman is all for bringing legalized sports betting to the state.
