Another state is looking ahead to 2024 when it comes to sports betting. Oklahoma lawmakers pushed a sports betting bill through the House, but it died in Senate committee, failing to advance to the floor before the April 13 deadline.
HB1207, sponsored by Rep. Ken Luttrell, breezed through the House in a 66-22 vote, but that is where the momentum for the bill petered out. The legislation was rather broad and allowed for tribal online and retail sports betting as well as wagering at racetracks if at least four tribes entered into a compact with the state. The bill would also allow for expanded gaming at certain state racetracks.
The legislation stipulated the following tax structure:
- 4% of gross gaming revenue on the first $5 million of annual revenue
- 5% on the next $5 million of annual revenue
- 6% of revenue above that initial $10 million
The structure was a revision from the 10% Luttrell’s bill proposed in 2022 but apparently made little difference at day’s end.
Luttrell released a statement after last week’s efforts officially ceased.
“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 Sen. Coleman. The 66-26 vote in the House demonstrates that legislators fully understand the economic impact, the need for improved regulation of the betting industry, the desire our citizens have for this and the importance of ensuring a level, competitive playing field for the tribes,” he said.
Luttrell told local outlet KOCO several Senate members wanted to see more conversations between the tribes and Gov. Kevin Stitt. He also said he intends to try again next year.