Oklahoma Online Sports Betting
Oklahoma has a healthy gambling industry complete with Tribal casinos, horse racing tracks and a limited number of legal online sites – Daily Fantasy Sports (DFS) and horse racing betting. The state does not yet allow for online poker or casino games.
Oklahoma’s many Tribal Casinos offer slot machines, video poker, table games and slot machines but as yet, no sports betting options are available. Any future expansion of online or sports betting will likely involve the tribal casinos.
One tribe attempted to bring online casino games to Oklahoma but their effort eventually came to nought in 2014 due to tribal politics and federal intervention. With time ripe for change, Oklahoma’s tribes are readying themselves for another legal gaming tilt, potentially this time for sports betting.
Legality of Sports Betting VS Gambling
Oklahoma offers its visitors and residents the aforementioned superb Tribal Casino industry, legalized DFS competitions, live poker, horse racing betting (at the track, off-track and online) and charitable gambling.
|Sports & Gambling Type||Legal Land-Based||Legal Online|
|Fantasy Sports (DFS)||N/A||Yes|
Oklahoma Sports Betting Tax Rates
Oklahoma applies a flat 4% state tax on gambling winnings.
Gambling wins over $600 in the state of Oklahoma may possibly attract an additional Federal Tax.
We recommend contacting your tax attorney to assess your potential Federal tax liability if you have a big win in Oklahoma.
Sports betting Age VS Gambling Age in Oklahoma
Oklahoma’s Casinos apply a minimum 21-years-of-age limit for those casinos that serve alcohol and 18-years-of-age otherwise. Most other forms of legal gaming apply an age limit of 18, whilst charitable gaming age limits vary from 16 to 18.
|Sports & Gambling Type||Age|
|Casinos||18 to 21
|Charitable-Gambling||16 to 18|
Betting on Sports in Oklahoma
Sports Betting Laws in Oklahoma are tied to developments at the Federal level of government. The odds for introducing Oklahoma Sports Betting changed dramatically in May 2018 when the U.S. Supreme Court of 2018 found against the generation-long Federal nationwide ban of sports betting. or not.
Given that the change in Federal Laws, Oklahoma’s lawmakers are now free to adopt their sports betting legalization law. House Bill 3375 was originally proposed in February of 2018 (when introduced, it was proposed bill that can only take effect if federal laws are changed to allow individual states to legalize and regulate sports betting, as of course, eventually occurred).
House Bill 3375 has sought to legalize sports betting, craps and roulette at Oklahoma’s tribal casinos. However, what has made HB 3375 unique is that it does not call for traditional sports betting. Instead, HB 3375 calls for ‘pools betting’.
Under this proposed law, the games must be “pooled.” Bettors would be playing against each other for a pot, like in poker or an office pool. Payouts would come from that pool, less a cut for the tribal casino ‘house’, much in the same way as horse racing betting works.
A vote by Oklahoma’s lawmakers on HB 3375 should take place later in early 2019 and legal Oklahoma sports betting should begin shortly thereafter, given a successful vote. Republican House Majority Floor Leader Jon Echols said he expects to consider a framework when the Legislature returns in February 2019.
In the meantime, Oklahoma’s residents and visitors can enjoy the sports betting options of DFS and horse and greyhound racing.
Oklahoma Online Sports Betting Laws
Despite several efforts to brings online gambling to Oklahoma by the Tribal Casinos (who back in 2013 even invested millions of dollars in developing online betting sites). The Tribal Casino’s move to introduce online casinos did not bear fruit, and consequently, online sports betting is currently not covered under Oklahoman state law.
As is the norm in many States of the Union, the broad wording of the Oklahoman State Statutes, Section §21-942 is considered broad sweeping enough to cover online gambling (both online sports betting and online casino play) as illegal. That situation should change when the State Legislature adopts laws covering legalized sports betting.
As mentioned above, DFS and online betting on horse and greyhound racing are both legal ways for the online sports bettor to wager in Oklahoma until the time that full sports betting is legalized in the state.
Online Fantasy Sports in Oklahoma
U.S. Federal Law legalizes Daily Fantasy Sports (DFS) competitions as they are considered to be a contest of player skill, rather than a gambling game of chance. Many state governments have taken the Federal ruling onboard and have ruled DFS to be legalized too at the state level.
Oklahoma, so far however, is an exception to the rule. In 2016, the Tribal Casinos came out against DFS in Oklahoma claiming DFS competitions eat into their bottom line, and the DFS contests break the revenue-sharing agreement between the Tribal Casinos and the state.
For the meantime, however, all major DFS companies are able to accept players from Oklahoma in their real money DFS competitions under the current status quo.
Esports Online Betting Laws
Given the approaching legality of sports betting for citizens of Oklahoma, legalized eSports betting should transform betting in the Sooner State. Players will win exciting eSports wagers in profoundly new ways through betting markets never before experienced and thereby create a potentially record-setting new tax revenue streams for the State Government of Oklahoma.
Since the very first days of video games, there’s always been a competitive side to the games and players have always tried to better their colleagues.
Fast forward to the present day and professional video game play at the top level, (i.e. eSports) has led to massive wagering on the outcomes of the global tournaments.
eSports is now a massive and growing industry, where professionals play an official network of gaming tournaments, competing in games like Rocket League, Starcraft II, FIFA 18/19 and Fortnite). With its ancestry in groups of close friends hosting all-niter LAN parties just a few short years ago, the eSports industry shows no signs of slowing down. The global eSports market is expected to cross the $1 billion per annum barrier in 2018/19 and with every tournament, entrance tickets become more difficult to come by.
Naturally, there is big money on offer, and where there is big money, sportsbooks are not far behind. Global sportsbooks now offer betting markets across all the big eSports tournaments.
Expect to see eSports betting in Oklahoma at your favorite legalized Sooner State sportsbook soon.
Horse Racing in Oklahoma
Passed in 1983, the Oklahoma Horse Racing Act allowed for legal betting on horse racing. In 2004, a referendum was passed to allow racetracks to add casino-style gaming to effectively become ‘racinos’.
The Oklahoma Horse Racing Commission oversees the industry and is responsible for licensing of the state racetracks, approving racing events, animal welfare, simulcasting and track management.
There are 3 Horse Racing tracks offering betting on live racing (usually on weekends) and simulcast betting during the week.
Off Track Betting (OTB) in Oklahoma
The state of Oklahoma currently offers a vast network of OTB locations, and occasionally OTB’s are open for service (under state license) at county fairs.
Online Horse Racing in Oklahoma
Most online horse racing betting sites operating in the United States accept customers from the Sooner State of Oklahoma and offer real money betting action on all the big U.S. races (the Preakness Stakes and the rest of the Triple Crown, Arkansas Derby, Kentucky Derby etc.) and most popular international horse racing venues.