Oklahoma’s latest attempt to legalize sports betting has failed following the passing of a Senate committee deadline.
Lawmakers must wait another year before reintroducing sports betting legislation
The bill, introduced by Rep. Ken Luttrell would have allowed retail and mobile sports betting in Oklahoma through the state’s tribes. This would have required new gaming compacts to be agreed between the governor and the state which proved to be a sticking point for the committee. The bill also proposed that the Oklahoma Horse Racing Commission oversee sports betting.
Tribal operators would have been obliged to pay 4% of gross gaming revenue (GGR) on the first $5 million of annual revenue and 5% on the next $5 million. Anything above $10 million would have been taxed at 6%.
