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The tribes pays 12% of its GRR from slot machines through the first two years after opening their casinos. At the start of the third yr the rate on slot machines increases to 13% GGR underneath $300M, 14% GGR for $300M and $500M, and 15% GGR above $500M. “The State of Oklahoma isn’t and cannot be legally bound by those compacts till such time as the Legislature enacts legal guidelines to allow the specific Class III gaming at concern, and in flip, permitting the governor to negotiate additional revenue.” An Oklahoma legislative invoice to legalize sports betting at tribal casinos was handed and moved out of a House committee this week.
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