For years, certain officials within the gambling industry have been working to get legalized casinos in the state of Texas. It hasn’t been easy and many lawmakers have been pushing against these plans. New reports claim that the casino plans in Texas are being shut down once again.
It’s disappointing news for gambling enthusiasts in the state. Many believe that a legalized casino industry would help to boost revenue and tourism in Texas. Now is the perfect time to talk about why these plans are being stalled.
Let’s get into it!
Major Casino Companies Continue Pushing into Texas
There are a number of major casino hubs throughout the United States. Nevada remains the biggest and most lucrative in the country. New Jersey has also recovered over the past decade and is another hugely successful gambling destination.
The US also has a number of smaller up-and-coming casino hubs. Places like Colorado and Illinois are working hard to expand their number of gambling venues. Lawmakers in Illinois are even working hard to get a major casino-resort opened in the city of Chicago.
Many believe that Texas has the potential to become one of the country’s largest gambling hubs. This is one of the most populated states in the country. A growing number of individuals and politicians here have been claiming that a regulated casino industry would be hugely beneficial for the state.
Las Vegas Sands has been one of the biggest companies pushing to get casinos in Texas. Officials within LVS have been actively meeting with Texas lawmakers to get regulations changed. It hasn’t been easy for the company, which has already been dealt several bad hands over the past year.
Texas has been known as an anti-gambling state over the past few decades. There are almost no regulated forms of gambling available here. As time goes on, more individuals are complaining about this fact.
Unfortunately, it doesn’t appear that Texas will launch its casino industry anytime soon. Here’s what we know about this situation.
State Official Shoots Down Casino Plans in Texas
Texas has banned all land-based casinos for years. Like many other southern states, Texas believes that allowing casinos will result in additional crime and gambling addiction issues. As time goes on, more officials in the state are beginning to see the upside in this industry.
Many hoped that casinos would become legal in Texas before the end of 2021. Las Vegas Sands seemed to be making some real progress with its marketing efforts in the state. News has now broken that the casino plans in Texas are being put on hold, for now.
State Representative John Kuempel revealed that casinos will not be legalized in the state this year. In the end, the regulations failed to get approved during the state’s legislative session.
“There’s not time for it to pass this session,” he said.
This isn’t a complete shock for analysts to hear. Texas is still home to a majority of anti-gambling lawmakers. It will take time for these officials to change their stance on this industry. Things are moving, though, and many are confident that casino regulations will be approved here within the next five years.
Sports betting has also been a major talking point for lawmakers in Texas over the past year. As many know, the US sports betting industry has been steadily growing since May of 2018. There are some clear signs that Texas is beginning to embrace this industry.
Many things need to be done in order for sports betting to become available in Texas. Here’s a look at when this form of gambling will become available here.
Will Texas Legalize Sports Betting in 2021?
The United States is now home to the largest sports betting industry in the United States. This all began after PASPA’s removal in 2018. This decision allowed every state in the country to legalize and regulate this industry.
Since that time, many have been calling to get its sports betting industry up and running. This state is well-known for having one of the largest sports markets in the country. The state would likely see a massive amount of revenue come in from a regulated sports betting industry.
Like casino gambling, it does not appear that 2021 will be the year that sports betting becomes available here. Regultaions were not approved before the end of the state’s legislative session. There is reason to hope that things change in 2022.
Many of the country’s most anti-gambling states are now looking into sports betting. It’s proven to be a massive source of valuable tax money for different states. There is also a massive demand among sports fans for regulated wagering options.
A lot could change in Texas over the next few years. It’s clear that lawmakers are beginning to change their stance toward this industry. We’ll be sure to offer updates on this situation over the next few months!
Are you disappointed to hear that casino plans in Texas are being postponed? When do you expect sports betting to become available here? Let us know in the comment section below!