Oklahoma is slowly being encircled by states with authorized sports activities betting, akin to Kansas, which launched retail and cell wagering final yr.
Lawmakers within the Sooner State might once more contemplate if they need legal sports betting — and shortly, too.
Oklahoma is one in all simply 14 states that doesn’t have any approved retail or online sports betting sites. That, nonetheless, might change within the upcoming legislative session after Republican Rep. Ken Luttrell launched House Bill 1027 on December 29.
The laws, if handed, might enable in-person and on-line sports activities betting via Native American tribes. In return for the sports-betting concession, a tribe must agree to show over 4% of the primary $5 million in annual gross income from sports activities betting, 5% of the following $5 million of adjusted gross income, after which 6% of all adjusted gross income afterward.
A tribe that agrees to supply sports activities betting must submit the settlement to the U.S. Department of the Interior for approval. Moreover, the legislation is proposed to return into impact on Nov. 1, 2023, which might be in the course of, however after the beginning of, subsequent yr’s soccer season.
House Bill Filed In New Effort To Legalize Sports Betting In Oklahoma https://t.co/B6XhCzWhMf
— News On 6 (@NewsOn6) December 31, 2022
Oklahoma has no authorized sports activities betting proper now, nevertheless it does have greater than 100 casinos and several other racetracks. There are greater than 30 federally acknowledged tribes within the state as effectively, 35 of which have gaming compacts with the Oklahoma authorities.
However, Oklahoma is slowly being encircled by states with authorized sports activities betting, akin to Kansas, which launched retail and cell wagering final yr. Lawmakers in close by Texas are also preparing to reconsider the subject, additional ratcheting up the strain on legislators to the north.
Luttrell filed related laws up to now nevertheless it by no means made it to a vote. Nevertheless, the lawmaker told News On 6 in Tulsa that the tax income construction is totally different this trip, with a “sliding fee” reasonably than a flat 10% cost.
“The extra they make, the extra the state would profit from it,” Luttrell mentioned. “And we certainly want to see our tribal partners prosper at this and be worth their while.”
Pages associated to this subject
submit credit score to Source link