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SportsTranscript
00:00We're going to get into the next state that I know next year, you and I are going to be
00:08talking about this just like Missouri every week, it's sports betting in Texas.
00:12And I find it really interesting here, Pat, that a lot of people cannot bet in Texas,
00:17but they sure are trying according to your article over a legal sports report.
00:21Yeah, they're, they're, they're really trying, you know, GeoComply recently released some
00:28new numbers.
00:30What is it?
00:31It's 1.48 million users in November attempted to place a bet in a legal sports book in a
00:37different state, probably Louisiana would be my guess for most of them.
00:42And of course, GeoComply blocks that because they're, they're doing their job.
00:45But that was an 87% increase from the last year.
00:50So I mean, the obviously the momentum is kind of growing, people are hearing sports betting,
00:55oh, people are talking about sports betting in Texas, maybe we can do it.
00:59Of course, then they go and try and then they can't and then they probably get upset.
01:04Does this mean a whole lot for the chances next year?
01:07Unlikely, as we've talked about ad nauseum and will continue to do so.
01:11Because just like Missouri is the latest state to launch or to be ready to launch, which
01:16we haven't had in a while, and the industry really wants it, well, Texas is potentially
01:20the largest potential handle in the US and they really want to get their feet in there.
01:26However, of course, 2023, we had a bill to legalize sports betting that was passed by
01:32the house.
01:33So great, that's great.
01:35But the Senate, it didn't even get a vote.
01:37And that is because Lieutenant Governor Dan Patrick, super anti gambling expansion.
01:44Same thing is going to happen this year, they only meet in the legislature every other year,
01:48every odd year.
01:49So 2025 is the next next one.
01:51And Dan Patrick will still be in his position, still playing roadblock.
01:57So 2025 is unlikely, but that doesn't mean this momentum, the people trying to bet the
02:02legislators who do want to keep building the industry continues to pour resources in, you
02:07know, we I know we talked last week, I think about Miriam Adelson, this year, pouring $13
02:11million into political action committees to try to get more people on board.
02:17And I think this is all just continuing the momentum build, eventually, more and more
02:20legislators will see my constituents want this, we need to do it.
02:25I mean, it's it's an insane amount of people in Texas that I can imagine want it an insane
02:31amount of money between the Adelson's and Jerry Jones and Mark Cuban and everyone.
02:37So yeah, it's just something that I think we're gonna have to wait till at least 2027
02:43to actually have really positive news for the industry.
02:47But I think we're gonna see a lot of like little inches forward in 2025.