The landmark decision, first adopted by the Division I Administrative Committee earlier this month, was officially approved Wednesday. The rule change comes amid a wide-ranging FBI betting investigation.
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The Division I Administrative Committee approved the proposal Wednesday. The rule will go into effect Nov. 1 if also approved by Divisions II and III.
While sports gambling is legal in 38 states, with two more expected to launch later this year, Texas is one of the few where it is illegal and punishable as a Class C misdemeanor with a maximum fine of up to $500 — at least for now. Texas sports betting on trending apps will have to wait until at least 2025, but with the rapid growth, the gambling world isn’t waiting to enforce cognitive habits that lead to splurges.