Texas gaming expansion could be worth $11.8 billion per year, study says

A study by the Texas Association of Business said expanded gaming could be worth $11.8 billion in annual economic activity to the Lone Star State.

But the projections might not be enough to sway Texas lawmakers to pass gaming bill that allow slot machines to be installed in the state’s 13 racetracks, create six full-scale casinos – three in Dallas, Houston and San Antonio and three with Indian tribes.

The bill was given a hearing in a Texas Senate committee, but numerous gaming measures have failed in the state over the past decade.

The North Texas economic firm of Weinstein Clower & Associates conducted the study.

“For too long Texas has propped up neighboring economies at the expense of our own, exporting jobs, revenue and investment as one of only 10 states that prohibits casino-style gaming,” Bill Hammond, the president of the Texas Association of Business, told the San Antonio Business Journal.

He said the study showed casino expansion could create 74,000 jobs, increase salaries and wages by $3.4 billion, and generate $11.8 billion in annual economic activity.

All it would take, he said, is “one simple vote of the people."