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Texas Taxpayers Lose Billions as Sports Betting Remains Illegal

3/25/2026

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Summary

Story summary

Texas taxpayers miss potential tax revenue during March Madness as sports betting remains illegal in the state.
Billions are wagered nationwide, supporting education and public programs in states where betting is legal.
College students, a key demographic, are increasingly drawn into betting, often facing significant losses.
Texas lawmakers debate legalization while betting continues in unregulated markets, posing risks without state oversight.

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Story summary

Texas taxpayers miss potential tax revenue during March Madness as sports betting remains illegal in the state.
Billions are wagered nationwide, supporting education and public programs in states where betting is legal.
College students, a key demographic, are increasingly drawn into betting, often facing significant losses.
Texas lawmakers debate legalization while betting continues in unregulated markets, posing risks without state oversight.