This bill amends existing Oklahoma law regarding state-tribal gaming, specifically addressing the introduction of sports betting. It updates references and provides a framework for a Gaming Compact Supplement that allows federally recognized Indian tribes to offer sports betting as an additional covered game under their existing compacts with the state. The bill defines "sports betting" as any wagering on the outcome of sporting events, excluding horse or animal races, and establishes a fee structure where tribes must pay the state ten percent of their monthly adjusted gross revenue from sports betting. The bill also outlines the procedures for tribes to accept this offer and the necessary approvals required from the Secretary of the United States Department of the Interior.

Additionally, the bill clarifies that the conducting of and participation in gaming activities authorized by the Model Tribal Gaming Compact are lawful, and it specifies that no additional forms of gaming will be permitted for organization licensees outside of what is explicitly allowed. The effective date for this act is set for November 1, 2025. Key insertions include the definition of sports betting and the establishment of a Gaming Compact Supplement, while deletions include references to previous models of tribal gaming compacts.