OK
Oklahoma Senate Bill SB1434

Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB1434

Introduced
2/5/24  

Caption

Oklahoma Education Lottery Act; authorizing the Oklahoma Lottery Commission to implement Sports Pools wagering in Oklahoma. Effective date.

Impact

The introduction of SB1434 is expected to significantly impact the state laws governing gambling and lotteries by creating a formal structure for sports betting. This legislation will provide the Oklahoma Lottery Commission with the authority to regulate sports pools, ensuring that revenue generated from this new form of wagering supports state educational programs and addresses gambling addiction. The Sports Pools Fund established by the bill will particularly focus on funding gambling addiction programs, common education, and the administrative costs related to implementing this act.

Summary

Senate Bill 1434 amends the Oklahoma Education Lottery Act by authorizing the Oklahoma Lottery Commission to implement sports pools wagering within the state. The bill consists of several key provisions including definitions of sports pools, the establishment of the Sports Pools Fund, criteria for licensing sports pools retailers, and requirements for annual reporting and internal audits by the Lottery Commission. The purpose of this bill is to legalize and regulate sports betting, expanding the state's gambling framework to include wagering on sports events.

Contention

While the bill supports economic development and expands opportunities for revenue generation, it may also face contention regarding its implications on gambling addiction and regulation. Critics may express concerns over responsible gambling practices and the societal impacts of legalizing sports betting. Furthermore, there may be debate regarding the fairness of the licensing criteria for sports pools retailers, particularly if there are perceptions of uneven access to opportunities within the marketplace.

Companion Bills

No companion bills found.

Previously Filed As

OK HB1800

Amusements and sports; Oklahoma Education Lottery Act; background checks; certificate of authority; Oklahoma Lottery Commission; report; payment; effective date.

OK SB612

Oklahoma Lottery; modifying certain requirements of the Oklahoma Lottery Commission; modifying requirements to claim prize. Effective date.

OK HB1395

Amusements and sports; Oklahoma Horse Racing Commission; funds; starting gates; effective date.

OK SB950

Oklahoma Charity Games Act; creating the Electronic Pull-Tab Device Act; authorizing use. Effective date.

OK HB1387

Amusements and sports; Oklahoma State Athletic Commission; term; requirement; funds; assistant; reimbursement limits; effective date.

OK SB927

Oklahoma Real Estate License Code; updating powers and duties of Oklahoma Real Estate Commission. Effective date.

OK HB1403

Amusements and sports; Oklahoma Horse Racing Commission; appointment; effective date; emergency.

OK HJR1028

Constitutional amendment; creating the Oklahoma Veterans Lottery Trust Fund; ballot title; filing.

OK SB616

Lotteries; modifying requirements for certain tickets; modifying persons authorized to conduct raffles for qualified organization. Effective date.

OK SB216

Long-term care; creating the Agency for Generational Excellence of Oklahomans. Effective date.

Similar Bills

OK HB2953

Central purchasing; removing and modifying various exemptions to the Oklahoma Central Purchasing Act; effective date.

OK SB300

Oklahoma Capital Investment Board; dissolving Board upon certain date; transferring certain contracts and management of certain investments to certain board. Effective date.

OK HB1774

Oklahoma Central Purchasing Act; acquisition initiation; adding exemption for certain contracts from competitive bidding requirements; requiring State Purchasing Director to review and audit all exceptions; effective date.

OK HB1774

Oklahoma Central Purchasing Act; acquisition initiation; adding exemption for certain contracts from competitive bidding requirements; requiring State Purchasing Director to review and audit all exceptions; effective date.

OK HB4042

State government; Central Purchasing Act; quarterly reports; authorizing Tourism and Recreation Department to promote state facilities; contracts; exemptions; effective date; emergency.

OK HB2710

State government; acquisitions; Oklahoma Central Purchasing Act; effective date.

OK SB1430

State government; creating Oklahoma Central Purchasing Department. Effective date.

OK SB760

Oklahoma Capital Investment Board; dissolving Board; transferring management of certain investments and agreements. Effective date.