Stitt, a Republican in his second term of office in OKC, unveiled a blueprint “to make sports betting a reality in Oklahoma,”
In short, online sports betting operators would be licensed by Oklahoma regulators. They would be subject to a 20% tax rate and would need to pay an initial licensing fee of $500,000 and an annual renewal fee of $100,000. There was no mention of a limit on the number of operators, so there could potentially be multiple and many sportsbooks to choose from.Meanwhile, in-person retail wagering could be conducted by federally recognized Native American tribes via a gaming compact with the state.
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