Economics Determine Slot Machines 

The Texas Gaming Association is trying to get slot machines expanded in the state of Texas, and use the money to fund scholarships for high school seniors. They are currently seeking a sponsor for their slot machine bill, which if approved would open 12 resort style slot machine casinos in Texas. The resorts would have to compete for the slot machine licenses based on the economic impact they would have on their area. 

Dallas and Harris counties would both get two slot machine casinos, and Bexar, Tarrant, and Travis counties as well as Galveston, and South Padre Island would get one slot machine casino apiece. That would leave only three slot machine licenses to be awarded, which would be determined by the Texas Gaming Commission. The commission would be created to oversee the slot machine casinos, the slot machines and gaming at the Indian reservations, as well as the video lottery terminals – which are basically slot machines – at the state’s existing horse and dog tracks.  

The slot machine proposal would need voter approval as it is a constitutional amendment, and if approved it would bring in $3.2 billion in tax revenue just to the state. It would also bring in an additional $800 million to city and county governments. Roughly half of the slot machine revenue would go to a college fund for every Texas high school graduate who met minimum requirements – and the rest would go to the state.

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