TX Sports Betting Law Details
Status
π Retail Sports Betting Launch Date: N/A
π Online Sports Betting Launch Date: N/A
β Licensed Sportsbooks: N/A
π΅ Legal Wagering Options: N/A
π Legal Gambling Age in TX: 21+
π Sports to Bet On: N/A
π¦ Permitted Banking Options: N/A
βοΈ Texas Gambling Regulator: N/A
Texas Sports Betting Summary
Online sports betting is currently not legal in Texas due to the state’s conservative views on gambling. While there are two tribal casinos in Texas, neither of them offers retail sports betting. Several attempts to legalize sports betting have been made by state lawmakers, but no bill has successfully passed the House or Senate. To legalize gambling, any legislation would need to pass both chambers and then undergo a public referendum, as the Texas constitution prohibits gambling. The next opportunity to legalize sports betting is likely to come in 2023 when Texas legislators meet again. Notably, professional sports teams like the Dallas Cowboys and the Houston Astros are supporting the legalization of sports betting in Texas. Sportsbook operators have already formed partnerships with these teams, creating anticipation for future developments. For a comprehensive guide to sports betting in Texas, including previous and current legislation, legal wagering guidelines, and the best sports teams for betting in the state, please refer to our detailed guide.
Texas Online Sportsbook Summary
The vast geographical size of Texas makes online sportsbooks crucial for any successful sports betting launch in the state. Although several bills aiming to legalize online sports betting have been proposed, none have been successful thus far. The traditional views surrounding gambling in Texas have historically deterred lawmakers from regulating such activities. While horse racing betting is legal in the form of pari-mutuel wagering, online horse racing betting is not permitted. However, Texas residents can engage in Daily Fantasy Sports (DFS) games, which gained legality despite some legal disputes. It is worth noting that neighboring Louisiana, the only state bordering Texas that currently allows online sports betting, offers various online sportsbook options. Residents of Texas can travel to Louisiana and engage in online sports betting as long as they are present in one of the 55 parishes where sports wagering is legal.
How Does Texas Compare to Other States?
Market Coverage
While sports betting is not legal in Texas, neighboring Louisiana has launched sports betting in 2022. Louisiana offers a wide range of sportsbooks, including popular options like BetMGM, FanDuel, and DraftKings. These sportsbooks cover major US sports such as the NHL, MLB, NBA, and NFL. Additionally, they provide betting lines for niche sports like NASCAR, golf, tennis, MMA, and college sports.
Competitive Odds & Prices
Prominent sportsbooks like BetMGM, PointsBet, and Fubo Sportsbook have expressed interest in launching operations in Texas. These sportsbooks are well-established across the US and offer competitive odds in every state. If legalized in Texas, residents can expect to access the same betting lines and odds as players in other states. For instance, BetMGM is known for its generous parlay odds and frequent odds boosts, ensuring an engaging and dynamic betting experience.
Gambling Revenue
As the second most populous state in the US, Texas has approximately 30 million residents. The size of its population presents a considerable opportunity for potential gambling revenue. In comparison, New York, the only state with a comparable population of around 20 million, has already generated significant gambling revenue. As of July 2022, New York has handled nearly $10 billion in wagers, with sportsbooks generating revenue of over $700 million. However, it’s worth noting that tax rates in Texas may differ from those in New York, potentially affecting the overall tax revenue generated. While previous suggestions for tax rates in Texas range from 6.25% to 10%, the state’s budget surplus makes it less motivated to legalize sports betting solely for additional tax revenue.
Betting Taxes
If sports betting is legalized in Texas, bettors will be subject to taxes on their winnings, similar to other states in the US. All winnings must be declared to the IRS, and winnings exceeding $600 require the completion of a W-2G form. Sportsbooks have the authority to withhold up to 25% of winnings as tax. While betting winnings are typically included in state income tax calculations, it is important to note that Texas does not impose an individual state income tax.
Latest Texas Sports Betting Updates
Current Sports Betting Status in Texas
Despite unsuccessful attempts to legalize sports betting in Texas in 2019 and 2021, further efforts are expected in 2023. State Representative Dan Huberty expressed optimism for the legalization of sports betting in 2023, suggesting that proper presentation to voters could lead to successful legislation. While sports betting remains unregulated in Texas, individuals can still participate in pari-mutuel horse racing betting and engage in Daily Fantasy Sports (DFS) games.
Timeline for Sports Betting in Texas
The timeline for sports betting in Texas has been marked by various legislative proposals, although no bills have passed to date. In March 2021, Senator Juan Hinojosa proposed SB 736 for the legalization of sports betting, while Rep. Harold Dutton introduced HB 1121 as a comprehensive gambling bill, including provisions for sports betting. Despite these efforts, no significant progress or final actions were taken. The next opportunity for sports betting legalization in Texas is expected to be in 2023. It is worth noting that the US Supreme Court’s overturning of the Professional and Amateur Sports Protection Act of 1992 (PASPA) in 2018 opened the possibility for individual states to legalize sports betting.
Texas Sports Betting Background
Texas maintains conservative views on a range of social matters, including gambling. Consequently, gambling opportunities in the state are extremely limited. While there is one tribal casino, the Kickapoo Lucky Eagle Casino, offering full-service gambling, online horse racing betting is illegal in Texas. Various attempts have been made to legalize sports betting, yet no bills have passed the House or Senate due to the Texas Constitution’s prohibition of gambling. Any attempts to legalize gambling would require a public referendum for a constitutional amendment.
Future of Texas Sports Betting
State Representative Dan Huberty has expressed optimism about passing a sports betting bill in Texas in 2023. Additionally, Gubernatorial candidate Beto O’Rourke has indicated support for sports betting. Political donations from casinos near Texas, such as the Chickasaw Nation’s contributions of $15 million to Texas politicians, suggest a growing backing for the legalization of gambling in future legislative sessions. Furthermore, partnerships between major sports teams and sportsbook brands indicate preparations for the potential legalization of sports betting in Texas.
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Texas Sports Betting Locations
The Kickapoo Eagle Pass Casino is the sole full-service casino in Texas, located on tribal land belonging to the Kickapoo Traditional Tribe of Texas. However, this casino does not offer sports betting. Additionally, Naskila Gaming offers electronic bingo-style games resembling slot machines. Both of these casinos are situated in rural areas, making them less accessible to most Texans. For Texans interested in retail sports betting, neighboring states such as Louisiana, New Mexico, and Arkansas provide retail sportsbook options.
Texas Lottery Locations
The state lottery is one of the few legal gambling avenues in Texas, with tickets available online and at numerous retail locations. The lottery’s involvement or regulation in sports betting is currently not part of the legislative discussion. Consequently, it is unlikely that sports betting will be available at lottery retailer locations.
Off-Track and Stadium Betting Locations
Three major sports teams in Texas β the Houston Astros, Houston Dynamo, and Austin FC β are advocating for the legalization of retail sportsbooks at stadiums. Partnerships have been established with BetMGM, Fubo Sportsbook, and PointsBet, respectively. Pari-mutuel horse racing betting is legal in Texas but only at live horse racing locations regulated by the Texas Racing Commission. Online horse racing betting remains illegal.
Teams to Bet on in Texas
Pro Sports
– Dallas Cowboys: The Dallas Cowboys, the most valuable sports team globally, have five Super Bowl titles and play at the AT&T Stadium in Arlington.
– Houston Texans: The Houston Texans have achieved success in the AFC South Division and contribute to the competitive NFL landscape.
– Dallas Mavericks: Led by players like Dirk Nowitzki and Luka DonΔiΔ, the Dallas Mavericks have won an NBA Championship and maintain a strong presence in the league.
– Houston Rockets: The Houston Rockets have won two NBA Championships and have been home to renowned athletes like Hakeem Olajuwon and James Harden.
– Houston Astros: The Houston Astros, winners of the World Series in 2017, have established themselves as a prominent MLB team.
– Texas Rangers: The Texas Rangers, based in Arlington, have participated in the World Series and continue to compete as part of the MLB’s American League West.
– Dallas Stars: The Dallas Stars have achieved success in the NHL, with one Stanley Cup victory and a strong track record in the playoffs.
College Sports
Numerous college sports teams in Texas offer exciting betting opportunities, including the Texas Longhorns, Texas A&M Aggies, and TCU Horned Frogs, among others. These teams compete in various conferences, and their games attract significant attention from fans across the state. Betting on college sports is a popular activity, providing diverse options for Texas sports bettors.
Texas Responsible Gambling Resources
For those seeking assistance with responsible gambling practices in Texas, the following resources are available:
- Texas National Council for Problem Gambling: This organization provides links to in-state facilities, self-help programs, and a 24/7 live chat and helpline. Contact: 800-522-4700
- Gamblers Anonymous: Gamblers Anonymous organizes meetings in Texas, offering support to individuals experiencing gambling-related issues. They provide a treatment program and a 24/7 helpline. Contact: 855-222-5542
While Texas does not currently have a state-wide self-exclusion program due to the absence of legal sports betting, similar programs are implemented in other states to allow individuals to restrict their participation in sportsbooks. If sports betting becomes legal in Texas, responsible gambling measures, such as account limits, are expected to be implemented by sportsbooks to ensure safe and responsible gambling practices.
Who Oversees Sports Betting in Texas?
As sports betting is currently not legal in Texas, there is no established regulatory body overseeing sports betting operations. If online sports betting becomes legalized, the responsibility of regulation and oversight would be determined through legislation. Previous proposals have suggested potential regulatory bodies such as the Texas Commission of Licensing and Regulations or the Texas Lottery Commission. The chosen regulatory organization would be responsible for licensing processes, enforcing safety measures, and ensuring the integrity of sports betting in Texas.
Is Betting Legal in Texas?
Sports betting is presently illegal in Texas. Both retail and online sports wagering are prohibited in the state due to unsuccessful legislation attempts in the 2022 session. However, there is growing hope for the legalization of sports betting in 2023.
Who Would Govern Sports Betting in Texas?
If sports betting were to be legalized in Texas, legislation would include provisions to establish an official regulatory body for governing sports betting operations in the state. Previous bills have suggested the Texas Commission of Licensing and Regulations or the Texas Lottery Commission as potential choices to fulfill this role.
How Old Would You Have to Be to Bet in Texas?
If sports betting becomes legal in Texas, individuals would likely need to be at least 21 years old to place bets. Age verification would be required through a photo ID. If online sports betting is legalized, bettors would have to ensure they are within Texas state borders while placing their bets.
When Will Sports Betting Launch in Texas?
The earliest potential launch of sports betting in Texas would be in 2023 if legislation is successfully passed in the House and Senate. However, if no progress is made in 2023, the next opportunity for legislation would be in 2025.
Where Will I Be Able to Bet on Sports in Texas?
Previous proposals for sports betting legislation in Texas have included online sports betting options. Considering the size of the state and the limited availability of conveniently located casinos, online sports betting would likely be the most realistic and accessible option if legalized in Texas.
Will Sportsbooks in Texas Be Safe?
If sports betting is legalized in Texas, all sportsbooks would be required to obtain licenses from the state’s regulatory body. This regulatory organization would enforce stringent security standards and ensure that only reputable companies operate sports betting platforms, ensuring the safety of bettors.
Would I Have to Pay Taxes on Betting Winnings in Texas?
Yes, all sports betting winnings in the US are taxable, and the same would apply in Texas if sports betting becomes legal. Winnings must be declared to the IRS, and winnings exceeding $600 require the completion of a W-2G form. Sportsbooks have the authority to withhold up to 25% of winnings as taxes. While other states require individuals to include gambling winnings when filing state income tax, Texas does not impose an individual state income tax.
Can You Play DraftKings in Texas?
No, you cannot play DraftKings Sportsbook in Texas as sports betting is currently illegal in the state. However, you can still participate in Daily Fantasy Sports (DFS) games using the DraftKings platform, which is available in Texas.
Can You Play FanDuel in Texas?
FanDuel Sportsbook is not available in Texas due to the current absence of legal sports betting. However, there is hope for the legalization of sports betting in 2023. In the meantime, Texans can travel to neighboring Louisiana, where FanDuel is permitted and offers online sports betting in legal parishes.
Can You Play BetMGM in Texas?
No, BetMGM is not available in Texas as sports betting is illegal in the state. However, neighboring Louisiana, which allows online sports betting, is the nearest state where Texans can access the BetMGM platform.
Can You Play Caesars in Texas?
Caesars is not accessible in Texas since sports betting remains illegal in the state. However, residents can cross the state border to Louisiana, where Caesars Sportsbook operates legally, and place bets using the platform.
Can You Play TwinSpires in Texas?
No, TwinSpires is currently unavailable in Texas. TwinSpires announced its intention to exit the online sports wagering space but maintain its horse racing operations. If horse race betting is legalized in Texas, TwinSpires may emerge as a prominent player in the market.
Which Sportsbooks Will Be Available in Texas in the Future?
Prominent sportsbook brands such as BetMGM, Fubo Sportsbook, and PointsBet have already partnered with major league franchises in Texas, indicating their intention to launch sportsbooks within the state once legalized. Other top US operators like DraftKings, FanDuel, and Caesars may also be interested in entering the Texas market given the state’s potential and population size.
