The bill amends the Oklahoma Education Lottery Act to establish and regulate sports pools, which involve in-person and mobile device wagering on sporting events. It updates existing definitions, replacing "on-line" with "online" and introducing terms like "sports pools" and "sports pools retailer." The Oklahoma Lottery Commission is empowered to create agreements for sports pools, set licensing criteria for retailers, and develop operational rules. A new Sports Pools Fund is created to support gambling addiction programs and educational funding. The bill also outlines licensing criteria for retailers, emphasizing financial responsibility and integrity while excluding political affiliations from the evaluation process.

Additionally, the legislation introduces a regulatory framework for sports pool wagering, including an initial fee of $500,000 and an annual fee of $100,000, along with a requirement for operators to pay 20% of their adjusted gross revenues from sports pools. The Oklahoma Lottery Commission is required to submit annual reports on revenues, prize disbursements, and expenses, and to conduct internal audits. The bill clarifies that participation in authorized games is lawful, overriding certain provisions of Title 21 of the Oklahoma Statutes, and it tasks the Oklahoma Lottery Commission with creating necessary rules for implementation. Section 735 of Title 3A of the Oklahoma Statutes is repealed, and the act is set to take effect on November 1, 2025.

Statutes affected:
Introduced: 3A-703, 3A-735