Blue Wave Boosts Hopes for Texas Sports Betting

Sports betting stocks are trading broadly higher today with Texas’s midterm election results figuring prominently in that scenario. On Tuesday, Democrats Gina Hinojosa and Vikki Goodwin defeated Republican incumbents Gov. Greg Abbott and Lt. Gov. Dan Patrick , sparking hopes that the Lone Star State could revisit the issue of online sports betting. With commercial operators’ relationships with California tribal casino groups fractured and that state unlikely to consider a sports wagering ballot initiative prior to 2028 and due to the Seminole Tribe holding a monopoly on internet sports wagering in Florida, Texas is the gaming industry’s proverbial golden goose.