According to CNBC, gaming executives said midterm election results opened new opportunities for gambling expansion, particularly in Texas, while increasing the prospect of political and legal scrutiny of prediction markets. Vikki Goodwin defeated longtime Texas gambling-expansion opponent Dan Patrick. Wynn Resorts CEO Craig Billings and Penn Entertainment CEO Jay Snowden identified Texas as an opportunity; Snowden said Penn has operated two of the state’s three Class 1 thoroughbred racetracks and built relationships with local leaders. Legalizing casino gambling or sports betting in Texas would still require a constitutional amendment approved by two-thirds of both legislative chambers and voters. Penn also reported record third-quarter revenue and raised guidance for its brick-and-mortar business.