Lawmakers are considering a bill that could lead to Texas sports betting regulation for both online and mobile.

Introduced by Representative Eddie Lucio III, H 1725 would make a total of five permits available in the state. Each permit would be designated with two skins.

These permits would each cost $250,000, while operators that secure approval would pay 6.25% in tax on their sports betting handle. This would be collected on a monthly basis.

Should the bill pass, players in Texas would be able to place bets on professional sports events, as well as US college sports competitions, with the exception of games taking place in the state or featuring a Texas-based team.

More on sports gambling in Texas at iGaming Business.