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Oklahoma Gaming Summary

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.

Oklahoma Lottery data (fiscal year)
Year
Total Sales
Prize Liabilities
Prize %
Net Revenue
Net %
2006
191,021,425
95,584,715
50.04%
69,331,343
36.30%
2007
203,479,732
98,532,692
48.42%
75,883,867
37.29%
2008
204,634,210
102,572,615
50.12%
72,782,881
35.57%
2009
193,326,043
95,922,950
49.62%
70,865,091
36.66%
2010
199,925,898
105,092,616
52.57%
67,784,110
33.90%
2011
198,274,546
106,600,824
53.76%
65,962,576
33.27%
2012
199,973,353
103,052,810
51.53%
72,744,320
36.38%
2013
200,324,359
104,463,424
52.15%
72,182,409
36.03%

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.

Oklahoma Gaming Timeline

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 Thursday, 29-May-2014 15:09:44 PDT