The latest attempt by lawmakers in Oklahoma to legalize sports betting has fallen short. House Bill 1027 failed to progress out of a Senate committee before the necessary deadline.
It was the second consecutive year that Representative Ken Luttrell introduced a sports betting legalization bill. He believes that the failure of this year’s bill was due to the Senate needing further conversations between the governor and tribes. Luttrell will try again with a similar bill next year. He believes that legalization would be very beneficial for the state and that many of his constituents strongly support the proposal.
tribes that have state gaming compacts to operate both retail and online sports betting
The Oklahoma House passed HB 1027 in February after a 66-22 vote. The proposal would allow tribes that have state gaming compacts to operate both retail and online sports betting. Oklahoma currently has 35 tribes offering some type of gambling.
The Oklahoma Horse Racing Commission would have been in charge of overseeing the sector. HB 1027 proposed a 4% tax rate on gross gaming revenue up to $5m, 5% on the next $5m in revenue, and a 6% tax on any higher sums.
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