HOW MUCH HAS THE STATE RECEIVED FROM THE GAMING COMPACT?

On Nov. 2, 2004, Senate Bill 1252 was voted on and approved by the People of the State of Oklahoma. The Bill created the "State-Tribal Gaming Act," which established a model tribal gaming compact, essentially a "pre-approved" offer to all federally recognized Indian tribes as defined in the legislation. Acceptance of the Compact allows compacting tribes to operate certain "covered games," in exchange for the payment of monthly exclusivity fees to the State of Oklahoma.

Per the terms of the State-Tribal Gaming Compacts, Compacted Tribes pay a monthly exclusivity fee to the State of Oklahoma for the exclusive right to operate Compacted Gaming. The fees received to-date, shown in the table below, are calculated as follows:

• Electronic Covered Games:
  • 4% of the 1st $10,000,000 of annual Adjusted Gross Revenues ("AGR"),
  • 5% of the next $10,000,000 of AGR, and
  • 6% of AGR over $20,000,000
• Table Games:
  • 10% of the Monthly Net Win

Gaming Exclusivity Fees
Fiscal Years 2006-present