Texas Sports Betting proponents appear at the committee hearing
A Texas House The committee held a public hearing on sports betting Wednesday.
House State Affairs Committee overheard both positive and negative testimonials HB 2070who decriminalize and regulate sports betting. No action was taken.
Bill sponsor Rep. Dan Huberty want the bill tied HJR 97what would put the subject on the ballot November. In order for it to be passed, it needs two thirds of the votes in both the House of Representatives and the House of Representatives senate. The hearing also included HJR 133what casino games would put on the ballot.
TX Sports Betting has a long way to go, as do many lawmakers and Lt. Gov. Dan Patrick | are against legalization.
Teams and operators speak up
Penn National Gaming Senior Vice President Eric Schippers spoke in support of the bill and mentioned Bar stool sports betting in the Pennsylvania, Illinois and Michigan.
A lobbyist for BetMGM, DraftKings and FanDuel also testified.
Texas Rangers president Neil Leibman and Houston Rockets CEO Tad Brown spoke out in favor of the bill. Missile owner Tilman Fertitta owns Golden Nugget Casinos.
Texas teams are also represented by the Sports betting alliancethat focuses on mobile sports betting.
Texas sports betting bill
Huberty said the legislation is similar to that Arizona Bill passed this week. Huberty called the bill “perfect”.
The bill would place Texas’s major professional sports teams and Class 1 racetracks as licensees. You could work with sports betting operators.
One sports betting provider per team could offer retail bets and kiosks in the sports facilities and offer nationwide online betting.
The legislation provides language for retail licenses for minor league teams, smaller racetracks, motorsport tracks with at least 5,000 Seating and golf courses that accommodate PGA tour Events.
Tax revenue potential
Huberty said the bill legalized an act that was already illegal and would generate revenue for education.
The bill would implement one 10% Tax on adjusted gross income. As the market matures, the legislative fiscal notice could more than generate $ 48 million annually to the general fund.
The state is the second most populous in the nation, with rabid college and professional sports fans in all sports. The bill allows wagering on in-state college sports.
The Texan politicians split on sports betting
Huberty pointed out the receipts Colorado of sports betting since its inception last year.
Committee member MP Matt Shaheen said he doesn’t think sports betting revenues are net positive. Shaheen believes that the cost of increased homelessness and welfare outweighs the new income and makes no suggestion of any betting relationship.
Huberty’s bill isn’t the only sports betting bill at this session. The Senate has a sister bill SB 736. Additionally, Rep. Harold Dutton introduced HB 1121, a sports betting bill that doesn’t preclude betting on government colleges.
While Patrick spoke out against sports betting, Texas is Governor Greg Abbott is supposed to be for it, according to gaming lobbyist Bill Pascrell.
“I would put my money on Governor Abbott,” said Pascrell. “He’s a very powerful governor who wants to do this and has been negotiating with teams and operators behind the scenes. This is a Herculean task, but I’m pretty optimistic about Texas. “
Tribe against sports betting as it is
A representative of Kickapoo tribe said it was against legalizing sports betting in the current state of the bill.
The tribe operates the Lucky Eagle Casino in the Eagle Pass.
If a change is made to allow the tribe to participate, their attitudes could change.