Bill No. 1101 seeks to amend Oklahoma's gaming laws by introducing a legislative referendum that will allow voters to decide on changes related to state-tribal gaming compacts and the legalization of sports betting. The bill stipulates that if at least four Indian tribes enter into a model tribal-state compact, the Oklahoma Horse Racing Commission will be responsible for licensing organization licensees to conduct authorized gaming, which will be deemed lawful and free from criminal penalties. It also establishes regulations on the number of player terminals based on county populations and clarifies the definition of authorized games while removing references to certain prohibited games.

Furthermore, the bill allows tribes to offer sports betting as a covered game under their existing compacts, requiring them to execute a supplement that details the terms of operation, including a fee structure based on sports betting revenues. The state will receive a ten percent fee from the adjusted transaction total of these revenues. The bill also raises the fee for treating compulsive gambling disorder to $25,000 and mandates that tribes pay a 10% fee on their monthly adjusted sports betting revenues to the state. The proposed amendments will be presented to voters through a ballot title for approval.