Possible January start for Texas online casino proposition
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Sheldon Adelson, 87, is the billionaire boss of Las Vegas Sands Corporation. He and his wife recently donated $4.5 million to the campaign coffers of Republican candidates in Texas. Texas considers legislation that would legalize some forms of online gambling.
A Democratic member of the Texas House of Representatives proposed a constitutional amendment that would allow select coastal jurisdictions to premiere iGaming. The state is struggling with an estimated budget shortfall of around $4.6 billion and economic stagnation brought about by the coronavirus pandemic.
Joe Deshotel is trying to introduce a constitutional amendment to legalize online casinos in Texas. He wants to help his jurisdiction offset the high costs of wind storm insurance and provide residents with aid in the event of a catastrophic flood.
