Texas Fold ‘Em: How Bettors Are Cashing In on a ‘Legal’ Gray Area

By Oliver Canning             Texas law is very clear: traditional sports betting is illegal. One cannot walk into a sportsbook and place a bet on the spread, wager on the moneyline, or construct a parlay. But as the NBA season tips off, Texans are wagering millions of dollars from their phones. These bettors, encouraged by extensive advertising featuring billboards lining major highways and campaigns using prominent celebrities, aren’t