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OK SB1955
Bill
Status
2/2/2026
Primary Sponsor
Bill Coleman
Click for details
AI Summary
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Adds definitions for "advance deposit account wagering" and "advance deposit account wagering license" to the Oklahoma Horse Racing Act, establishing a framework for online wagering accounts licensed by the Oklahoma Horse Racing Commission
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Requires the Oklahoma Horse Racing Commission to promulgate rules establishing terms and requirements for obtaining and maintaining an advance deposit account wagering license
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Mandates that any advance deposit account wagering provider accepting funds from an IP address within Oklahoma pursuant to the Interstate Horseracing Act (15 U.S.C. Section 3001 et seq.) must obtain a license from the Oklahoma Horse Racing Commission
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Updates statutory language and references throughout the Oklahoma Horse Racing Act and the Model Tribal Gaming Compact, including replacing outdated terminology (e.g., "and/or" to "or," "which" to "that")
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Effective date is November 1, 2026
Legislative Description
Oklahoma Horse Racing Act; defining terms; requiring provider to obtain certain license. Effective date.
Last Action
Second Reading referred to Business and Insurance
2/3/2026