Sunday, May 5, 2024

Oklahoma House advances sports betting bill – FOX23 News

OKLAHOMA CITY — One day after a document variety of folks throughout the U.S. positioned bets on the Super Bowl, an Oklahoma House of Representatives committee voted to advance a bill that may legalize sports betting, each in tribal casinos and on cellular apps.

The House Appropriations and Budget Select Subcommittee handed House Bill 1027 Monday morning with Democratic and Republican assist.

While related language has failed in earlier years, HB1027 obtained new life after Governor Kevin Stitt (R-Okla.) introduced he could be open to signing the bill.

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The State of Kansas legalized sports betting final 12 months, which permits Oklahomans to put bets on their telephones so long as they’re geo-located in Kansas. Other states are reporting new revenues within the tens of millions after legalization.

The Oklahoma bill additionally elevated its probabilities of survival after receiving a State Senate co-sponsor final week, which means the bill could be shepherded via if it reaches the State Senate chamber as an alternative of being one other merchandise the House handed that the Senate might, however isn’t required to, decide up. State Sen. Bill Coleman (R-Ponca City) signed on to be a co-sponsor.

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Coleman mentioned on the time it was clear to see the cash that might be going in direction of Oklahoma companies was simply leaving the state and going to different states for his or her packages.

Currently, Kansas and Arkansas have legalized sports betting that’s open to Oklahomans who bodily journey to their states and comply with their procedures.

HB1027 would lay out a free system during which the state and tribes get their lower of the earnings. It would enable for tribes to supply sports betting of their amenities and likewise via cellular apps they will companion with which have already been in place in different states, similar to Fan Duel, MGM Sportsbook and Draft Kings.

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HB1027 now heads to the complete State House ground for a vote.

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