Oklahoma betting industry was once one of the state’s strongest points. The current situation is not ideal, however, and betting space could turn into a possible battlefield. Gaming compacts with native Indian tribes are set to expire on January 1 and there is ongoing discussion regarding possible extension.
More About Oklahoma Betting Scene Oklahoma Governor Kevin Stitt is trying to extend compacts with indigenous Indian tribes, but he wants to introduce different terms of cooperation. On the other hand, Tribes believes that, without any extra signature, the compacts should be immediately expanded. If the governor of Oklahoma attempts to change the current deal by imposing stricter financial conditions, tribes are likely to use their federal ties to reverse his decision. There will be problems soon, and no one expects the quick solution…
The Tribes Governor Stitt’s stance is not satisfied with the current tribal contract. In the future, he is looking to secure more revenue for the state. Tribes actually contribute to the state of Oklahoma with 4-6 percent of total sales and 10 percent to particular games. In the case of the governor, tribes would pay at least 25%.
The tribe donated $138.6 million to the state, according to last year’s records. The governor, however, looks to get revenue of about $2.3 billion. Kevin Stitt has already challenged tribal members to ratify the new deal and suggested that in the opposite case, tribal people will break the law.
“To expire on January 1” He said:
“To protect all the hard-working Oklahomans and tribal members who work in more than 100 casinos across our great state, I announce today that the state of Oklahoma will ask tribal leaders to join me in signing an extension to the gaming compact. The wording in this extension will encourage either party to maintain their legal position by accepting the extension… The state will make a generous offer with this extension and will not ask for anything in exchange. “Meanwhile, compacts deny the possibility of signing a new deal with the state. We expect additional issues and legal actions will emerge from the new deal. However, if the governor decides that the existing compacts will be auto-renewed upon expiration, compacts will be ready to negotiate a new revenue agreement.