The research firm who produced the report calculating the illegal sports betting market in Texas said the calculations are meant to be treated with the “largest grain of salt possible.”
“Given the high level of uncertainty in this approach, this estimate should be treated as low-confidence,” said the report byIn the 2023 legislative session that begins Jan. 10, lawmakers are expected to consider making sports betting legal in the Lone Star State. Estimates of the economic impact of illegal betting are a key to the push as advocates make the case about how much the state could potentially earn by taxing a piece of the profits.
“By definition, if you’re studying an illegal market, it’s hard to know ,” Koleman Strumpf, an economics professor at Wake Forest University, who has studied the sports gambling industry. “If a random person calls you and asks do you cheat on your taxes, would you be truthful?” Adam Krejcik, who is the head of sports betting at Eilers & Krejcik Gaming, said the disclaimers listed in the report were meant to tell any reader to take the projections with “the largest possible grain of salt,” he said in an email.
I wonder how much money it took for Rick Perry to get behind it. 💰💰💰
“Experts”… in what? Woke narrative content creation.