The bill amends the Oklahoma Education Lottery Act to introduce regulations for sports pools, which encompass both in-person and mobile device wagering on sporting events. It grants the Oklahoma Lottery Commission's board of trustees the authority to enter into agreements for sports pools, develop licensing criteria for retailers, and establish a new Sports Pools Fund. This fund is designated for funding gambling addiction programs, common education, and administrative costs, with a minimum of $1 million allocated specifically for gambling addiction treatment. The bill also updates certain definitions and repeals a previous prohibition on other Class III gaming, thereby expanding the scope of gaming activities under the Commission's jurisdiction.

Additionally, the legislation sets forth specific licensing requirements for sports pool retailers, including an initial fee of $500,000 and an annual fee of $100,000, along with a mandate for operators to pay 20% of their adjusted gross revenues from sports pools. The Oklahoma Lottery Commission is required to submit annual reports detailing revenues, prize disbursements, and operational expenses, and to implement a system of internal audits. The bill clarifies the legality of participation in these games, tasks the board of trustees with creating necessary rules, and includes a repeal of a specific section of the Oklahoma Statutes, with the new provisions set to take effect on November 1, 2025.

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