Tuesday, May 15, 2018

Will We Have Sports Betting in Texas?

Yesterday, the Supreme Court ruled that individual states may now have sports betting. Will this affect Texas?

Are you kidding me?  The only sure bet you can make is that Texan sports fans that want to bet legally will still have to go to New Mexico, Louisiana or Oklahoma.

Texas politicians' most precious cash flow has come from the political contributions from the gambling interests from our bordering states: Louisiana, Oklahoma and New Mexico.  All these states have gambling casinos and sports betting.  A big chunk of their revenue comes from Texas big money gamblers--and the border stares do not want any competition from Texas.  They want that Texas money to continue to flow into their states--not out of it (should Texas voters legalize sports gambling). Hence, the out-of-state casino owners will dig deep into their pockets and use their dollars, which is synonymous with political clout, to keep sports betting out of Texas. And our politicians will be happy to accommodate them as long as the lucrative "political contributions" keep coming from the out-of-state gambling interests. 

It took us nearly a century to get parimutuel wagering on horses legalized in Texas, but professional gamblers do not bet much on horse races.The big races are held at racetracks (out of state), where they combine casino gambling with horse betting, both available at the tracks.  Those slot machines bring in far more money than the races. It is casino money that made possible those big purses like the annual WinStar graded stake race at Sunland Park, NM

Keep that in mind when you vote for the "god old boy" politicians that put on their pious faces at Sunday School, but on Mondays, take money from the big gambling interests.

https://www.cnn.com/2018/05/14/politics/sports-betting-ncaa-supreme-court/index.html

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