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OK SB164
Bill
Status
2/3/2025
Primary Sponsor
Casey Murdock
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AI Summary
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Authorizes the Oklahoma Lottery Commission to implement and regulate sports betting ("sports pools") through both in-person establishments and mobile device applications, excluding horse and animal racing
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Creates the "Sports Pools Fund" in the State Treasury to receive net revenues from sports wagering and license fees, with funds appropriated for gambling addiction programs, common education, and administrative costs
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Requires a minimum $1,000,000 appropriation to the Department of Mental Health and Substance Abuse Services for gambling addiction treatment
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Establishes licensing fees for sports pools retailers: 15% of adjusted gross revenues for in-person wagering; $500,000 initial fee plus $100,000 annual fee and 20% of adjusted gross revenues for mobile wagering
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Sets licensure criteria prohibiting applicants with gambling-related convictions, perjury convictions, felony convictions within 5 years, or violations of lottery regulations within 10 years
Legislative Description
Oklahoma Education Lottery Act; authorizing board of trustees to enter into agreements or contracts for the implementation of sports pools; promulgating rules; authorizing development of certain criteria; providing for licensing fees; creating the Sports Pools Fund. Effective date.
Last Action
Referred to Appropriations
2/13/2025