Texas is finally entertaining the idea of installing slot machines at their racetracks. There is no bill on the table or even being passed around the legislature, but the Legislative Study Group of the Texas House of Representatives did hold a meeting on the potential of gambling expansion in the state. Of course, Texas’ horse racing industry is behind the push for slot machines. However, the state has a lot to gain from gambling expansion.
Andrea Young, president of Sam Houston Race Park in Houston, Texas, slot machines at racetracks could generate about $1 billion a year for Texas state coffers. The state could really use the money as the struggle with budget issues. Surprisingly, the racetracks are not being stingy with their proposal for gambling expansion. As a part of the proposal that was discussed by the Legislative Study Group, there was a suggestion of allowing the state three Indian reservations to operate slots parlors.
The size of Texas alone would make it a great market for casinos and slot machines. Many states, like in the northeast, smaller states, compete for gambling dollars from residents. Their objective is to steal a few gambling dollars from neighboring states while maintaining the gambling dollars of their residents. There are areas in Texas that are not a convenient drive to any state. There for it might be wise if Texas were to focus on creating resort casinos in order to keep their residents and draw in a gamblers on a national or even international scale.