The debate continues to rage over whether or not gambling should be a legal way for adults to entertain themselves. Gambling can take many forms, ranging from traditional and online casino play and poker tournaments to playing bingo and betting on the ponies. Regardless of your personal definition of gambling, read on to learn the pros and cons of legalized gambling. Positive Aspects of Legalized Gambling:
The latest bill as of March 2020 is called Texas HJR 61 and calls for a constitutional amendment to permit sports betting in Texas. It reads 'The legislature by law may authorize and regulate the placing of wagers on professional and collegiate sports.' What sports will be favorites of Texas sports bettors? Upcoming Regulation Changes in Texas Sports Betting Law Currently, only social and charitable gambling is legal in Texas. In February 2019, HB1275 was filed by State Rep. Eddie Lucio the 3rd to authorize sports betting operations including mobile and online wagering.
- Economic Stimulation : The economy can always use a boost, and legalized gambling could provide that. Offering places to gamble also increases tourism, as indicated by the number of annual visitors to Las Vegas and other gambling havens. Generating billions of dollars and tens of thousands of jobs worldwide, legal gambling is an exciting way to stimulate the troubled global economy.
- Legal Behaviors : When a population is told that they aren't allowed to gamble, it's the first thing that they want to do. Studies of human behavior indicate that people always want what they can't have, and gambling is no different. It stands to reason that increasing the number of people who are allowed to gamble legally will reduce illegal gaming behaviors.
- Family Revenue : Those who are lucky enough to have a successful professional gambler in their household can attest to the realities of a society that embraces gambling as a legal choice. In a time of economic uncertainty, many families are learning to rely on non-traditional means of support; legalized gambling would make it easier for a professional online poker player to support those that he loves the most.
- Entertainment : Finally, a benefit of legalized gambling is to provide a safe, exciting way to relieve stress. The online gambler who knows that his activities are legal will be far more likely to be less stressed than those who have to ponder the murky legal status of their gaming. Furthermore, legalized gambling as a stress reducer could create an environment where players are happier and more productive in their personal and professional lives.
- Financial Concerns : The act of wagering on the outcome of any given game is a risky one, and the gambler may be spending funds that could be better used elsewhere. Ideally, gamblers will only bet what they can afford to lose, but this often isn't the case. Instead, those who like to wager often try to compensate for a big loss by betting more and losing again.
- Addiction : Winning a large amount of cash on a wager can be intoxicating; like alcohol and other drugs, the feeling of winning can become addictive. Some gambling addicts firmly believe that they wouldn't have lost their homes, cars, and families if gambling had been illegal. It's important to remember to balance this information with personal experience; if you know you're a responsible gamer, you have nothing to worry about.
- Crime Rates : Cities that have legalized gambling tend to also experience an increase in crime rates. Some argue that increased crime is a result of people losing too much money, but others feel that the large amounts of cash associated with gambling lead to an increase in illegal activity. In order to successfully legalize gambling, officials should consider an increased law enforcement presence.
- Small Businesses Suffer : There is some indication that those communities with legal gambling see a loss in the amount of revenue garnered by small businesses. In addition to providing exciting recreation opportunities, casinos and other gambling establishments tend to support restaurants, bars, and other businesses. When casino visitors come to gamble, they stay for dinner; over time, this tendency can decrease the amount of customers that smaller businesses serve.
What Do You Think?
Now that you've read over several pros and cons of legalized gambling, what do you think? Is global economic growth more important than the needs of small businesses? Is gambling as a method of employment acceptable, given the fact that some people get addicted? The issue of legalized gambling cannot be resolved without conclusive answers to questions like these.When Will Sports Gambling Be Legal In Texas Hill Country
Texans love their sports, so it only makes sense that Texashas joined more than half the country in introducing sports betting legislation.
Rep. Eddie Lucio III filed H 1275 to authorize sports betting operations, including mobile and online wagering, in the state.
The bill would require a referendum amending the state constitution to be approved by voters in November. To that end, Lucio also introduced House Joint Resolution 61 seeking to amend the constitution so that 'the legislature by law may authorize and regulate the placing of wagers on professional and collegiate sports.'
The resolution must be adopted by a two-thirds vote in both the House and Senate in order to be placed on the ballot.
As one of the most sports-centric states in the country, Texas would be the second-largest sports betting market in the US, according to Eilers & Krejcik Gaming forecasts.
Details of the Texas sports betting bill
Lucio introduced comprehensive legislation with the following provisions:
- Five total permits available, with two skins allowed per permit.
- An allowance for mobile and online wagering.
- Operators would be required to collect a 6.25 percent tax on handle, or total amount wagered. This tax would make it almost impossible to operate sports betting in the state, as it could very well outpace revenue generated.
- Addressing a concern of the Wire Act, the bill addresses the intermediate routing of electronic data, specifying that sports betting transmissions must initiate and be received within the state.
Probably no sports betting in Texas soon
Any expansion of gambling has generated intense opposition in the Republican-controlled legislature for years. Casino and Texas fantasy sports bills have a long history of going nowhere. State law does allow for bingo, lottery and horse betting. There have also been bills in the past, even before the fall of the sports betting ban.
This bill is being sponsored by a Democrat, which is reason enough that it won't pass. Gov. Greg Abbott, another Republican, also is on record opposing any expansion of legal gambling in Texas.
In 2015, Abbott asked state lottery officials to stop collecting information about potential sports betting games, saying that 'state laws on gaming are to be viewed strictly as prohibitive to any expansion of gambling.'
In other words, the Dallas Mavericks have a better chance of trading for Kristaps Porzingis Seminole hard rock casino tampa. than this bill has of … wait, bad example. The Houston Texans will win their first Super Bowl before a sports betting bill sponsored by a Democrat passes in Texas.
When Will Sports Gambling Be Legal In Florida
When Will Sports Gambling Be Legal In Nc
Only New Mexico offers sports betting of Texas' neighboring states.
