Texas has been the nation’s model of economic growth. It promoted policies that encouraged economic prosperity. At present, there are calls to legalize sportsbook pay per head in Texas.
Most states have already legalized sports betting. However, Texas is not in a hurry to do so. Even after the state’s finances suffer from the pandemic, the Texas Legislature is not turning to sports wagering to augment the budget.
According to sportsbook pay per head reports, lawmakers submitted proposed constitutional amendments to put the legalization of sports betting into the November ballot. Texans could decide on whether they want to make sports gambling legal in the state.
Legalize Sportsbook Pay Per Head in Texas
At present, Texans are already wagering on sports illegally. According to sports betting solution sources, players spend around $5 billion yearly in offshore sportsbooks. However, using those websites is risky because they can’t provide protection. Thus, players are vulnerable to bad actors.
A legal bookie pay per head industry in Texas will prevent unlawful sports wagering. Also, the state can regulate operators while earning money for the budget. At present, creating a sports betting framework in the state has bipartisan support. It will be for the good of players and Texas.
Proceeds from licensed sportsbooks can reach up to $180 million. As the market grows, the state can earn $1 billion in ten years. Texas can use the money to fund health care, property tax reform, updating the power grid, or education. Thus, sports betting revenue can help Texas families.
Texans love watching sports. The state is home to dozen professional sports teams. Thus, it is one of the largest sports markets in the US. That would translate into becoming one of the most prominent sports wagering marketing. It would generate more funds for the state, stimulate the economy, and generate more jobs.