Sports Betting in OK

[BoulderSooner]

https://oklahoma.gov/governor/newsro...o-oklahom.html

https://oklahoma.gov/content/dam/ok/...%20Updated.pdf

the 15% tax for in person and 20% for online puts OK within the "norm" of sports gambling nation wide

for those that want to be informed https://www.investopedia.com/sports-...the%20activity

Arkansas 13% on all up to 150mil then 20% on all
Pennsylvania is 36% tax
Rhode island is 51% tax
tennessee is 20%
virginia is 15%
new hampshire is 50%
delaware is 50%
maryland is 15%
illinois is 15-17 %
connecticut 13.75 %
Louisiana 10% 15% online
nebraska 20%
jersey 9.75 14.25 online
new york 10 % in person 51% online


yes there are some that are lower 10% ohio colorado arizona DC 9.5 Indiana iowa 6.5 michigan 8.4 mississippi 11-12%

[Plutonic Panda]

Holy sh!t on the 50 percent taxes

[Richard at Remax]

Genuine question so be gentle. Since it became federally allowed in 2018 where states can determine their own sports betting laws, why does that have anything to do with the tribes? I look at it as their compacts with the state have to do with the casinos and those type of games. If sports betting is federally allowed, why do they need to be involved at all? Who is stopping BetMGM, Caesars, Barstool, ect from coming in and setting up shop?

[chssooner]

Genuine question so be gentle. Since it became federally allowed in 2018 where states can determine their own sports betting laws, why does that have anything to do with the tribes? I look at it as their compacts with the state have to do with the casinos and those type of games. If sports betting is federally allowed, why do they need to be involved at all? Who is stopping BetMGM, Caesars, Barstool, ect from coming in and setting up shop?

Gambling in general is federally allowed. Yet here we are, having to negotiate with the tribes for everything. So I think any and all gambling issues are up to whatever precedent is present in each state. In Oklahoma, precedent is to have the tribes run all gambling operations, so that will have to continue for sports betting.

[BoulderSooner]

Genuine question so be gentle. Since it became federally allowed in 2018 where states can determine their own sports betting laws, why does that have anything to do with the tribes? I look at it as their compacts with the state have to do with the casinos and those type of games. If sports betting is federally allowed, why do they need to be involved at all? Who is stopping BetMGM, Caesars, Barstool, ect from coming in and setting up shop?

because we have federalism and states are allowed to make their own laws .. sports betting is not "federally legal" it is just not federally illegal anymore


as far as the tribes go they view themselves as the only allowed gambling (except for state lotto) in the entire state

[Jersey Boss]

as far as the tribes go they view themselves as the only allowed gambling (except for state lotto) in the entire state

This is factually incorrect. There are bingo halls not under the auspices of the tribes as well as betting on horse races that are not under tribal authorities either.

[BoulderSooner]

This is factually incorrect. There are bingo halls not under the auspices of the tribes as well as betting on horse races that are not under tribal authorities either.

ok sorry except for bingo lotto and horse racing (and slots at the horse track )

[Bill Robertson]

ok sorry except for bingo lotto and horse racing (and slots at the horse track )

You're getting closer. But the casino at Remington is owned and operated by the Chickasaw Nation.

[Dob Hooligan]

You're getting closer. But the casino at Remington is owned and operated by the Chickasaw Nation.

Yes, but it is operated outside of the tribal gaming system. I think the Chickasaw own and operate it as "Global Gaming", or something like that. The rules are structured in a way that allows horse tracks to stay solvent in Oklahoma. I think the original Racino operator at Remington Park was Frank Stronach, A Canadian/Austrian who is huge in auto parts and manufacturing, etc. Usually operates under the Magna name. He did most of the heavy lifting to get the Racino approved for Remington, and sold because of a family business struggle IIRC.

[Dob Hooligan]

I think the tax rate on Sports Betting in Nevada is 6.75%. I also think Nevada has the most successful gambling industry in America. Sports betting is an incredibly low profit margin business, so this one of those instances where I am a low tax cheerleader.

[Bill Robertson]

Yes, but it is operated outside of the tribal gaming system. I think the Chickasaw own and operate it as "Global Gaming", or something like that. The rules are structured in a way that allows horse tracks to stay solvent in Oklahoma. I think the original Racino operator at Remington Park was Frank Stronach, A Canadian/Austrian who is huge in auto parts and manufacturing, etc. Usually operates under the Magna name. He did most of the heavy lifting to get the Racino approved for Remington, and sold because of a family business struggle IIRC.

Actually where I looked this up shows that all of the Chickasaw owned casinos are run under the Global Gaming entity.

[BoulderSooner]

Actually where I looked this up shows that all of the Chickasaw owned casinos are run under the Global Gaming entity.

the "RACEINO" at remington was in place before the tribe owned Remington

it was allowed to help support the horse industry and keep in afloat ..

that is why it only has slots and not any other type of gaming .. Anyone that owned Remington park would be allowed to operate it

[Dob Hooligan]

Actually where I looked this up shows that all of the Chickasaw owned casinos are run under the Global Gaming entity.

I'm guessing Global Gaming is the gambling company owned by the tribe, and each casino is a separate entity owned by Global Gaming.

Regardless, Racinos in Oklahoma are not compacted tribal casinos. However, I recall Oklahoma had to modify the tribal gaming compacts in order to get tribal sign off on the concept.

[Bill Robertson]

I'm guessing Global Gaming is the gambling company owned by the tribe, and each casino is a separate entity owned by Global Gaming.

Regardless, Racinos in Oklahoma are not compacted tribal casinos. However, I recall Oklahoma had to modify the tribal gaming compacts in order to get tribal sign off on the concept.

Ok. Learned something.

[BoulderSooner]

I'm guessing Global Gaming is the gambling company owned by the tribe, and each casino is a separate entity owned by Global Gaming.

Regardless, Racinos in Oklahoma are not compacted tribal casinos. However, I recall Oklahoma had to modify the tribal gaming compacts in order to get tribal sign off on the concept.

state question 712 in 2004
https://ballotpedia.org/Oklahoma_Sta...20card%20games.

it allow tribes to addition slot games and cards ..

and if 4 tribes agreed it let racetrack use some electronic slots ..

[Swake]

the current compacts with the tribes say they are the only ones that can offer gambling ... they say those compacts auto renew ( stitt sued the state lost in lower court and didnt' appeal .... the state should appeal that all the way ..

If the state legalized gambling, then the tribes would be free to have casinos and pay the state nothing. The compacts are agreements where the state allows the tribes to have exclusive rights to allow gambling in Oklahoma in exchange to the state receiving a percentage of the revenue. Stitt is an idiot to try to undo this arrangement.

As an added bonus, all the revenue from tribal casinos stays in Oklahoma, instead of going out of state to large corporations. The tribes then spend the money on project like Okana. A win-win.

[Jersey Boss]

If the state legalized gambling, then the tribes would be free to have casinos and pay the state nothing. The compacts are agreements where the state allows the tribes to have exclusive rights to allow gambling in Oklahoma in exchange to the state receiving a percentage of the revenue. Stitt is an idiot to try to undo this arrangement.

As an added bonus, all the revenue from tribal casinos stays in Oklahoma, instead of going out of state to large corporations. The tribes then spend the money on project like Okana. A win-win.

This^.

[Pete]

I hate to say it but sports betting really troubles me.

Anyone with a phone can now bet on some semi-pro tennis match in the Middle East, as well as a thousand bets within an NFL game or other pro sports. It seems the crazy popularity of fantasy football leagues has become a gateway into betting on anything remotely competitive.

I get that some people like to go to a casino and throw their money away -- at least they are going somewhere and getting some entertainment value. But laying in bed betting on every tiny little move in every single sport on earth seems like a recipe for disaster, especially because everyone knows that you are going to lose and many will lose big.

I don't see the benefit to society while the cost is well known and can now expand exponentially. This all feels much, much more dangerous than someone blowing a few grand in Vegas over a weekend.

[_Kyle]

I hate to say it but sports betting really troubles me.

Anyone with a phone can now bet on some semi-pro tennis match in the Middle East, as well as a thousand bets within an NFL game or other pro sports. It seems the crazy popularity of fantasy football leagues has become a gateway into betting on anything remotely competitive.

I get that some people like to go to a casino and throw their money away -- at least they are going somewhere and getting some entertainment value. But laying in bed betting on every tiny little move in every single sport on earth seems like a recipe for disaster, especially because everyone knows that you are going to lose and many will lose big.

I don't see the benefit to society while the cost is well known and can now expand exponentially. This all feels much, much more dangerous than someone blowing a few grand in Vegas over a weekend.

I agree with you, I believe it should be legalized but at the same time, I believe it needs way more regulation. It's become too common to hear it spoken about during games, betting odds displayed on screen during games, 30-second ad spots every commercial break, etc. It should be legal but it needs advertisement restrictions as without I agree it's a recipe for disaster for gambling addicts.

[CatholicSooner]

I would be on board with advertisement restrictions on gambling AND on big pharma.
I think I read we are one of only a few countries (maybe the only country) that allows for advertisment of drugs

[Pete]

I agree with you, I believe it should be legalized but at the same time, I believe it needs way more regulation. It's become too common to hear it spoken about during games, betting odds displayed on screen during games, 30-second ad spots every commercial break, etc. It should be legal but it needs advertisement restrictions as without I agree it's a recipe for disaster for gambling addicts.

Turn on sports radio and half the time it is just a couple of guys talking about betting on sports.

The whole thing already feels out of control and we are just getting started.

[Canoe]

I would be on board with advertisement restrictions on gambling AND on big pharma.
I think I read we are one of only a few countries (maybe the only country) that allows for advertisment of drugs

Letting big pharma advertise was a mistake.

[BoulderSooner]

I hate to say it but sports betting really troubles me.

Anyone with a phone can now bet on some semi-pro tennis match in the Middle East, as well as a thousand bets within an NFL game or other pro sports. It seems the crazy popularity of fantasy football leagues has become a gateway into betting on anything remotely competitive.

I get that some people like to go to a casino and throw their money away -- at least they are going somewhere and getting some entertainment value. But laying in bed betting on every tiny little move in every single sport on earth seems like a recipe for disaster, especially because everyone knows that you are going to lose and many will lose big.

I don't see the benefit to society while the cost is well known and can now expand exponentially. This all feels much, much more dangerous than someone blowing a few grand in Vegas over a weekend.

not going to comment on the pro or con aspects ...

but just going to point out that the ability to bet with an internet connection on events world wide has been going on for 20 years now ..

[BoulderSooner]

If the state legalized gambling, then the tribes would be free to have casinos and pay the state nothing. The compacts are agreements where the state allows the tribes to have exclusive rights to allow gambling in Oklahoma in exchange to the state receiving a percentage of the revenue. Stitt is an idiot to try to undo this arrangement.

As an added bonus, all the revenue from tribal casinos stays in Oklahoma, instead of going out of state to large corporations. The tribes then spend the money on project like Okana. A win-win.

the tribes compacts don't allow ANYONE else in the state to offer gambling at all ..

that is the issue .. even if a vote by the people legalized gambling the tribes position is that no one else could offer any gambling except them ..

[Jake]

Turn on sports radio and half the time it is just a couple of guys talking about betting on sports.

The whole thing already feels out of control and we are just getting started.

Nothing like listening to an NBA podcast and there’s a 30-second betting ad followed by 45 seconds of them listing gambling addiction hotlines.