Mobile betting will be subject to a 20% tax rate and $500,000 licence fee. Operators will also be required to pay an additional $100,000 annual contribution.
Tribal in-person betting on the other hand will be taxed at 15%. In order to do so, gaming tribes must update their gaming compacts with Oklahoma.
However, it seems the tribes were blindsided by the governor’s plan.
“The Oklahoma Indian Gaming Association (OIGA) was not consulted prior to Gov. Stitt releasing his sport betting plan,” OIGA chairman Matthew L. Morgan told NEXT.io.
“The members of the OIGA have been preparing to receive an offer from the state on sports betting for the past couple of years, and while we appreciate Gov. Stitt finally joining the sports betting conversation, to date he has not engaged in meaningful and respectful government-to-government discussion with tribes.”As of 2023, there are 35 gaming tribes in Oklahoma operating 140 casinos.
“I promised Oklahomans if we pursued sports betting, we would do it right— and this plan does just that,” said governor Stitt.
“Thirty-five states have already legalised sports betting, and it’ll be a great revenue stream for the state. Tribes will be able to add it onto their existing infrastructure, and Oklahomans can access it right from their phone.”
The plan prohibits bets on the individual performance of student-athletes, coaches, referees, and player injuries. Consumers would also be barred from making prop bets on college competitions.
The governor said he is currently waiting for input from the NCAA and athletic conferences to finalise the state’s rules and regulations.
Previous attempts in Oklahoma
There have been a number of attempts to legalise sports betting in recent years. Rep. Ken Luttrell’s HB 1027 sports betting bill passed the house earlier in the year, only to fail in the senate.
Under the bill, operators would be required to partner with tribal casinos to launch mobile sportsbooks.
After the bill failed in April, Luttrell said: “While I’m disappointed we didn’t hit a jackpot this year on sports betting, I look forward to continued open dialogue with our tribal partners and the Governor’s office, which I plan to facilitate with Senator Coleman.”