He’ll still be in charge of the franchise’s basketball operations, so sports fans don’t have to worry about the deal affect the Mavericks’ performance in this and future seasons.Īll-in-all, this momentous sale is about more than just a change of ownership for the Mavericks. Still, Cuban will remain involved in the sporting aspect of the team, maintaining a minority stake in the Mavericks. In fact, Miriam Adelson’s widow even sold $2 billion of her shares in the Las Vegas Sands Corporation in order to facilitate this. In a transaction set to transform the future of sports betting in Texas, the deal is reportedly worth $3.5 billion. What’s even more surprising, however, is that this deal could finally lead to the legalization of retail gambling and sports betting in Texas.

It was already pretty shocking that Mark Cuban agreed to sell a majority stake in the Dallas Mavericks to casino mogul Sheldon Adelson’s widow.

There are rumours that the sale of the Dallas Mavericks to the Adelson family could open up the potential for sports betting and other forms of retail gambling being legalized in Texas.

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