Tribal Sports Wagering Bill In Oklahoma Aims To Launch The Market

Written By Giovanni Shorter on January 5, 2023
Oklahoma Sports Betting Bill

An Oklahoma sports betting bill could become a reality if lawmakers are able to come to a consensus. Heading into the 2023 legislative session, HB 1027 will be up for discussion. This bill was pre-filed last year by Rep. Ken Luttrell and aims to update the tribal compact to include sports wagering options.

Sports Wagering A Major Topic In Oklahoma

The proposal by Rep. Luttrell would require agreement from a minimum of four local tribes and the Department of Interior to be approved. The Oklahoma Horse Racing Commission would oversee the sports betting industry if passed.

Sports betting would then be available at tribal casinos and local racetracks across the Sooner State. This bill also allows for legal online sports betting statewide. The measure would supplement the current gaming compacts, essentially updating the language to allow for a sports gambling market.

The bill will be formally introduced during the legislative session. So far, Governor Kevin Stitt has publicly declared his support for a sports betting market in Oklahoma. While he did not specifically endorse Luttrell’s bill, he did show his support for a betting market in Oklahoma.

Details Of The Oklahoma Sports Betting Bill

HB 1027 would allow up to 650 gaming terminals in counties with at least 600,000 residents. The terminals would be located at local racetracks. In counties with 400,000 or fewer residents, only 250 terminals will be allowed.

Sports betting would be taxed based on gross gaming revenue (GGR) received. For the first $5 million of annual revenue, a 4% tax would be set. The next $5 million would see a 5% tax. All revenue following the initial $10 million would be taxed at a 6% rate.

Rep. Luttrell presented another bill in 2022 that did not pass. In this initial bill, GGR would have been taxed at a 10% flat rate.

This current version of the bill is not guaranteed to be the final version. Sports betting bills tend to go through several iterations before they ultimately pass. Oklahoma residents have a long journey ahead of them for their potential local market.

Giovanni Shorter Avatar
Written by
Giovanni Shorter

Giovanni Shorter is a sports enthusiast and writer with a passion for the legal and industry side of the sports betting market. Giovanni got his education from Florida State University where he honed his writing style writing narratives and short stories. He has spent his professional career covering sports and entertainment through articles and blogs and continues to look at the industry from multiple angles.

View all posts by Giovanni Shorter