Legalization could generate hundreds of millions in new revenue, and would replace the risky, unregulated black market with a safe system that prioritizes consumer protection and holds fraudsters accountable.

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 Sports Betting Alliance spokesperson Lauren Clay: “Texas is missing out on significant opportunities and additional consumer safety measures by failing to do the same.” Missouri voters passed a ballot measure in the November 5, 2024 election to legalize and regulate sports betting within the state. By passing Amendment 2, Missouri joins 38 other states […]

“It will generate more revenue for our state, protect Texans, and help keep folks invested and energized about our sports teams,” Sanchez says.

Missouri becomes the 39th state to legalize sports betting, joining Kansas — which legalized sports betting in 2022. The Show-Me State (joins/remains apart from) seven of the eight states that border Missouri which have legalized sports betting in some capacity.