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OK SB125
Bill
AI Summary
- Authorizes sports betting (in-person and mobile) on sporting events through tribal gaming compacts, excluding horse and animal races
- Establishes tiered fee structure for tribal sports pool revenues: 5% on first $5 million monthly net win, 6% on next $5 million, and 7% on subsequent revenues
- Creates Model Tribal Gaming Compact Supplement allowing federally recognized tribes with existing compacts to add sports betting by executing a supplement approved by the U.S. Secretary of Interior
- Allocates gaming compact fees with 12% to General Revenue Fund and 88% to Education Reform Revolving Fund, with $20,833.33 monthly directed to Department of Mental Health for compulsive gambling treatment
- Effective date of November 1, 2025
Legislative Description
State-tribal gaming; modifying terms of certain Gaming Compact. Effective date.
Last Action
Placed on General Order
2/25/2025
Committee Referrals
Appropriations2/13/2025
Business and Insurance2/4/2025
Full Bill Text
No bill text available