Billions of Texas dollars race across our borders every year into the pockets of neighboring states. As a result, Texas is losing billions in tax revenue and jobs that ought to stay here.
Our neighbors are offering bigger entertainment options like slot machines at racetracks that are attracting Texans by the droves. Breeders, trainers and horses are leaving the state every year for bigger prizes in Louisiana, New Mexico and Oklahoma. Texans are spending more than $2.5 billion each year at casinos and racetracks in our neighboring states.
The Texas horse industry cannot compete with these odds.
There is a solution. Bringing slot machines to Texas’ racetracks and Native American reservations can not only save an important part of our state’s economy, but also create resources that can revitalize industries and economies for the future, all without raising taxes.
Slot machines at Texas racetracks and Native American reservations will bring $1 billion each year in direct state tax revenue, 75,000+ new jobs and more than $8.5 billion in economic activity to Texas.
We must keep this money in Texas, so that our children, our families and Texas can benefit. Let’s Win For Texas!