LSR Sports Betting & News Podcast · Legal Sports Report

LSR Ep. 259 - Could Texas Sports Betting See Boost From Casino PAC?

·28 min·1 clip

Kalshi says it took about a billion dollars on the election and now wants sports-event contracts in all 50 states.

1. LSR Sports Betting & News Podcast episode 259 focuses on Texas, Alabama, Hawaii, Minnesota, New Hampshire, New York, and a flagged college basketball game. 2. Matt Brown hosts with Pat Evans and Sam McQuillan, who cover state legislative updates and sports wagering market changes for Legal Sports Report. 3. The episode asks whether Texas casino money, new online betting products, and state bills will change the 2026 gambling map. 4. Pat Evans says a Texas TV report linked a PAC, largely funded by Sands Corp., to a push for destination resort casinos. 5. He says the PAC wants legislators to give voters a chance to weigh in on destination resort casinos, not just online sports betting. 6. He adds that the Texas House looks friendly to gambling expansion while Lieutenant Governor Dan Patrick keeps the Senate as the main obstacle. 7. Sam McQuillan says the Texas narrative is shifting from “everyone else is doing it” to tourism in Dallas and Houston. 8. He ties that change to new arenas and resort casinos that proponents say could make those cities tourism destinations. 9. Evans then moves to Alabama, where one of five states without a lottery has again come close to a gaming bill. 10. He says last year’s Alabama process reached conference committee, but the Senate never voted on the final bill after online sports betting was stripped out. 11. Evans says Hawaii remains one of two states with zero legal gaming and keeps seeing bills for a Honolulu destination casino and online sports betting. 12. He says Hawaii’s committee progress last year did not turn into momentum because of anti-gambling sentiment and weak bipartisan support. 13. Minnesota gets attention next because Senator Jeremy Miller introduced sports betting act 3.0 with tribal exclusivity. 14. Evans says the Minnesota draft also reserves tax money for charitable gaming relief and horse racing tracks, which he calls the Republican sticking point. 15. McQuillan says Minnesota’s split political makeup may help because bipartisan support is harder to avoid than during full Democratic control. 16. New Hampshire appears as a possible sleeper because the draft could allow three to six online casino operators while DraftKings still holds the sports betting monopoly. 17. Sam McQuillan then details Kalshi’s election market, its CFTC regulation, and its claim that it took about a billion dollars on the election. 18. He says Crypto.com and Kalshi are now offering Super Bowl-related event contracts while the CFTC has asked Crypto.com to pause and study legality. 19. The tone is report-heavy, fast-moving, and conversational, with the hosts trading updates and reacting to regulatory gray areas. 20. Listeners tracking state gambling bills, sportsbook regulation, or betting-market competition will get the most value; casual sports fans may skip the legislative detail.

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