SB 164
Oklahoma Education Lottery Act; authorizing board of trustees to enter into agreements or contracts for the implementation of sports pools; promulgating rules; authorizing development of certain criteria; providing for licensing fees; creating the Sports Pools Fund. Effective date.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill expands the Oklahoma Education Lottery by allowing the Board of Trustees to establish and operate sports pools. It outlines the rules and procedures for these pools, including the development of eligibility criteria and the collection of licensing fees. The revenue generated from these sports pools will be deposited into a dedicated fund, the Sports Pools Fund, to support education in Oklahoma. This legislation aims to diversify the lottery's revenue streams and provide an additional funding source for schools.
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