The good news for avid sports betting fans is that there are still legal options available to you. Online, offshore sportsbooks like the ones recommended on this site are perfectly safe and lawful options because they operate out of countries where sports betting has already been legalized. As they are regulated by gaming commissions and a set of laws, you can rest assured that you are participating in legal Texas sports betting.
The positions of the four major American sports leagues (representing American football, baseball, basketball, and ice hockey) have become more complex since their decision to embrace daily fantasy sports (DFS) in 2014, which are described by those within the industry as "almost identical to a casino" in nature. With the contention by critics that such activities blur the lines between gambling and fantasy sports, the endorsement of all four major sports leagues and many individual franchises provided a marked contrast to their positions on betting.
On July 31 though, the NBA did something unprecedented. It partnered with MGM Resorts. MGM will be the official sports betting partner of the league. In exchange for $25 million, MGM will get to use league data and logos in its sports betting promotion for the next three years. The deal establishes a precedent that casino companies should pay sports leagues for certain data and content rights.
You can make some nice cash betting on a No. 7 or No. 8 seed to upset a No. 2 or No. 1 in the first round of the Stanley Cup playoffs. Shoot, perhaps the Columbus Blue Jackets can knock off the historically good Tampa Bay Lightning this month after shockingly rallying for a Game 1 win in Tampa. However, I don't recommend those long-shot series upset wagers in the NBA.
When the Fox Broadcasting Company launched in October 1986, the network's management, having seen how sports programming (in particular, soccer events) played a critical role in the growth of the British satellite service BSkyB, determined that sports would be the type of programming that would ascend Fox to a major network status the quickest; as a result, Fox tried to attract a professional football package to the network. In 1987, after ABC initially hedged on renewing its contract with the National Football League (NFL) for the television rights to Monday Night Football, Fox made an offer for the package at the same price that ABC had been paying at the time – about $13 million per game. However, partly due to the fact that Fox had yet to establish itself as a major network, the NFL decided to resume negotiations with ABC, with the two parties eventually agreeing to a new contract, keeping what was the crown jewel of the league's television broadcasts on that network (where it remained until 2006, when MNF moved to sister network ESPN as part of a contract that also saw NBC gain the Sunday Night Football package).
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Sports betting in Texas is not currently legal, and more than likely won’t be for a long time. Despite the fact that Texas lawmakers lose out on close to two and a half billion dollars annually to casinos in neighboring states, there is no indication that they plan to expand gambling in the Lone Star state. As neighboring states begin to legalize sports betting, expect that deficit to grow even larger.