With multiple sports betting bills filed in the Oklahoma legislative session starting in February, there is renewed focus on the opportunity for new agreements between the state and Oklahoma’s Tribes. What often gets missed though is the true impact of sport betting in dollars and cents.
Neil Metz, a professor of Economics at the University of Central Oklahoma says sports betting might not be as beneficial for the tribes and state as one may think. He says that it may not increase casinos’ overall revenue by a sizeable amount.
And he says that in most instances, sports gambling is taxed at a lower rate than the rest of casino gambling, and he says if people switch from table games to slots, that could mean less tax revenue for the state.