Bill No. 1101 proposes a legislative referendum for the people of Oklahoma to consider the expansion of gaming activities, specifically the inclusion of sports betting within the existing state-tribal gaming framework. The bill amends Section 262 to permit wagering on sports contests and introduces a new section, 280.2, which defines "sports betting" and establishes a regulatory framework for tribes to operate this form of gaming under their existing compacts with the state. The bill also outlines financial arrangements, requiring tribes to pay a fee of 10% of their monthly adjusted transaction total from sports betting revenues to the state, while ensuring compliance with federal laws and existing gaming compacts.

Additionally, the bill raises the fee for the treatment of compulsive gambling disorder to $25,000 and clarifies that the Tribe is entitled to retain an amount equal to state payments from sports betting operations, classified as an exclusivity and fee payment under the compact. It emphasizes that the approval of sports betting does not allow for any additional forms of gaming or electronic gaming within Oklahoma. The measure includes a ballot title for a legislative referendum, asking voters to approve the proposed changes, and tasks the Chief Clerk of the House of Representatives with filing the act and ballot title with the Secretary of State and the Attorney General upon passage.