Racing handle in Texas in August 2018 was $16,677,176.60
Online/offline revenue split
Total number of betting premises
There is just a single casino in state, as well as seven race tracks
Stake tax take
What type of licenses are available?
How many skins are permitted per license?
How do you apply for a license?
What are the integrity fees?
What is the current tax rate?
Is there a self-exclusion register in the state?
Is sports betting regulated or unregulated?
Texas is undoubtedly one of the biggest prizes available, but it will take a long and drawn out legislative process before we see legalized sports betting in the state. Legislators will soon debate House Bill (HB 1275), sponsored by representative Eddie Lucio III, which provides for regulated sports betting, allowing for the issuance of licenses and the taxation of sports betting operators.
No overarching regulator in the state, with the Texas Racing Commission dealing with racing and the Texas Lottery Commission overseeing the state lottery.
Is sports betting permitted online?
No, but online firms will watch Texas closely at recent HB 1275.
Is there any specific legislation for daily fantasy sports?
No. The state AG issued an opinion that DFS is illegal gambling in 2016. FanDuel withdrew from the state and DraftKings pursued legal action. Legislative action stalled in 2017.
What legislation, if any, is currently pending?