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Oklahoma Gaming Summary |
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Background Oklahoma has a lottery and Class II and III tribal casinos. Tribal Casinos In 2004, voters approved a referendum creating a model for tribal/state compacts that would govern Class III gaming on tribal reservations. Tribes under compact were permitted to offer: electronic bonanza-style bingo games, electronic amusement games, electronic instant bingo games, and nonhouse-banked card games. Fees: Under the tribal compacts, compacted tribes pay a monthly exclusivity fee to the State of Oklahoma for the exclusive right to operate compacted gaming. Electronic Covered Games: 4% of the 1st $10,000,000 of annual adjusted gross revenues (AGR) 5% of the next $10,000,000 of AGR 6% of AGR over $20,000,000 Table Games: 10% of the monthly net win
Lottery Development: In 2004, Oklahoma voters approved the Oklahoma Education Lottery Act, creating a state lottery. Beneficiaries: The Oklahoma Lottery contributes 45 percent of funds raised to higher education. Higher education funding is used for such things as tuition grants, loans and scholarships for Oklahomans, renovations and expansions of universities and colleges through out the state and endowed chairs for professors at higher education institutions. Funds allocated to higher education can also be used for construction of educational facilities, capital outlay projects and technological upgrades for educational institutions. For more information see the Oklahoma Lottery or Office of State Finance Gaming Compliance Unit website. |
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Oklahoma Lottery data (fiscal year) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Powered by GamblingCompliance.com. For current information, visit GamblingData.com. Total sales is total ticket sales. Prize liability is the total amount of prize money paid back to winners. Net Revenue is the total revenue minus vendor and retailer commissions and prize payouts and operating expenses; it is equal to "operating income." Prize and net revenue percentages are taken from the total revenues. |
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Oklahoma Gaming Timeline |
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2003: Oklahoma legislature approves bills putting the lottery question to a popular vote 2004: Referendum approving the lottery passes 2004: Referendum approving a state/tribal compact passes 2005: First compact with the Absentee Shawneee Tribe, signed 2006: Oklahoma lottery begins operations |
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Last modified
Tuesday, 06-Dec-2022 10:30:32 PST
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