The Attorney General for Oklahoma is looking to renegotiate its gambling compacts with the state’s many casino-operating tribes. The tribes hope of being able to secure a larger share of their gambling revenues for the public purse.
Oklahoma is home to approximately 120 gambling establishments operated by some 35 tribes under 15-year gaming compacts that are due to expire in January.
‘The Sooner State’ managed to collect only about $139 million in exclusivity fees last year, which are a feature of the compacts and forbid Oklahoma from legalizing non-tribal gambling in exchange for receiving between 4% and 10% of an aboriginal venue’s gambling revenues.
This situation led the state’s newly elected Governor, Kevin Stitt, to declare in July that he would like to renegotiate these tribal deals complete with a higher range of levies.
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