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Texans Responsible for 38.6% of Total Gaming Revenue in Oklahoma, Louisiana and New MexicoAUSTIN, Texas,
April 2, 2013 /PRNewswire-USNewswire/ -- The following was released today by Let Texans Decide:
A new study released by a leading
Texas-based economic group, TXP, shows neighboring states are taking
Texas to the cleaners through legalized gaming. Texans are responsible for
$2.96 billion in annual gaming revenue in those three states – up
$590 million since a 2009 study -- and in both
Louisiana represent more than forty percent of their customers.
"Texans are gambling in large numbers in neighboring states, and especially at casinos and tracks close to the
Texas border," said TXP President
Jon Hockenyos. "We compiled facility-specific data when available from neighboring states, along with surveying thousands of license plates, to arrive at our central conclusion:
Texas gaming dollars are a lucrative prize for neighboring states."
TXP determined that while
New Mexico represent three percent of national personal income in 2011, they were collectively home to 11.7 percent of national gaming expenditures. When money spent by Texans on food, lodging and other amenities is added to money expended on gaming, Texans spend
$4.37 billion each year on gaming trips to
Gaming facilities closest to the
Texas border received an abundance of
Texas visitors, as evidenced by this
Texas is hemorrhaging money and our horse industry is under assault while tracks in other states with expanded gaming offer more lucrative purses," said
John T. Montford, chairman of Let Texans Decide. "We offer a simple proposition: let Texans decide if they want to keep their dollars in
Texas to the benefit of our state."
Bi-partisan legislation has been proposed in both the Texas House and Senate that would let Texans vote on expanded gaming and puts our horse industry on a level playing field.