Bill > SB585

This bill amends Oklahoma's state-tribal gaming laws to authorize and regulate event pools and Internet event pools, creating a new framework for sports betting in the state. Specifically, the bill allows a professional sports team (specifically a National Basketball Association team) to obtain a license to operate event wagering on nontribal land and sublicense to a tribal-approved operator for both mobile and in-person betting. All gross gaming revenues from this license must be shared with tribal entities that have entered into the Model Tribal Gaming Compact. The bill defines various terms related to event wagering, including "wagering event" and "Internet event pool," and establishes detailed regulatory requirements for tribes offering these new gaming options. Tribes must adopt regulations ensuring betting integrity, age verification, and exclusion of certain participants from wagering. To participate, a tribe must execute a supplement to its existing tribal gaming compact, agreeing to pay a percentage of adjusted gross event pool revenues to the state. The bill emphasizes that this does not authorize additional forms of gaming beyond what is specifically outlined and maintains the existing relationship between the state and tribal gaming entities. The new provisions will become effective on November 1, 2025, providing a structured approach to introducing sports betting in Oklahoma while maintaining tribal gaming compacts.

Budget and Finance, Business and Industry

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb585&Session=2600