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Will Texas Legalize Gambling? Follow the Jets and the Billionaires
The Las Vegas Sands playbook is looking a lot like Texas Hold’em—with lobbyists.
Let’s cut to the chase like a blackjack dealer with no patience:
Is Texas going to legalize casinos and commercial gambling?
Short answer: Probably.
Longer answer: Not today, not tomorrow — but eventually, I think yes (for better or worse).
And Las Vegas Sands (LVS) is betting big. Like… private-jet-into-Austin kind of big.
First, Why Is Texas So Anti-Gambling?
Because Texas, that’s why.
The Lone Star State:
- Has no state income tax
- Prefers “personal responsibility” over regulation
- And somehow still views slot machines as the moral apocalypse–full disclosure, I am not personally pro-gambling, but I can see where people are getting confused in terms of what Texas places complete freedom on and what it doesn’t.
But politics is changing. And with a projected $20+ billion revenue boost from casino taxes, it turns out even Texas lawmakers are willing to say:
“Alright, fine—just no roulette before square dancing.”
Sands Smells Opportunity (And Lands a A345 to Prove It)
Las Vegas Sands, which sold its Vegas properties to go full international, has one big hole left in its portfolio: America.
And guess where they want back in?
Texas.
LVS is:
- Strategically backing influential lobbying groups
- Pushing for destination-style casino resorts in urban hubs like Dallas and Austin
- Now part-owner of the Dallas Mavericks (via CEO Patrick Dumont, Adelson family)
- Flying corporate jets in and out of Texas hotspots frequently (live aviation tracking data doesn’t lie)
This isn’t just vibes. It’s multibillion-dollar prep work.
What Would Legal Gambling Mean for Texas?
Let’s paint the picture:
- Massive casinos in Dallas, Houston, Austin
- Sportsbooks inside stadiums and arenas (like the AAC, which LVS now has Mavs access to)
- Tax revenue floodgates opened
- Tourism supercharged
- Property values soar around approved resort zones
And most importantly:
Las Vegas Sands gets the first-mover advantage in a gold rush-sized market.
For LVS Investors: This Is the Trade
Here’s the angle:
- LVS has zero U.S. casino exposure right now
- If Texas legalizes gambling, they become the favorite to win the first license
- Mavs ownership was not an accident — it’s an anchor for branding and influence
- Recent records show frequent Las Vegas Sands jet traffic into Dallas Love Field and Austin-Bergstrom
- They’re setting the chessboard now — the only missing piece is a legislative green light
When that happens? Stock re-rates instantly.
Odds & Timeline
- 2025? Not likely — the current Texas legislature is still too gridlocked
- 2027–2029? Much more likely — growing bipartisan support + aging tax base + real estate lobbying pressure
And Las Vegas Sands? Already holding the cards.
Final Take
Texas hasn’t legalized commercial gambling yet. But if you think they won’t eventually cave to billions in tax revenue and private investment?
You’ve clearly never seen what happens when lawmakers get pitched a $5 billion resort with no tax increase attached.
Las Vegas Sands is positioning itself like it already won.
And if you’re watching the lobbying disclosures — and their jet landings — you might agree:
The house always wins. And soon, the house might be in Texas.
DISCLAIMER: This analysis of the aforementioned stock security is in no way to be construed, understood, or seen as formal, professional, or any other form of investment advice. We are simply expressing our opinions regarding a publicly traded entity.
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