The Texas Sports Betting Alliance is confident that it has the support needed to pass legislation legalising online sports betting sites in the state, pending a referendum in November 2023. The legislation would place the Texas Lottery Commission in charge of licensing and regulating online sportsbooks, with teams, leagues, and racetracks eligible for licenses. Operators would be subject to a 10% tax on adjusted gross wagering revenue, with a $500,000 licensing fee. Bettors would have to be aged 21 or older to wager. The legislation would only come into effect in 2024 if a constitutional amendment is approved by voters.
The Texas Sports Betting Alliance is Confident
March 1, 2023