What Has Followed
Despite the optimistic outlook of proponents for the Oklahoma horse racing industry with the passage of SQ 712, Remington Park, the state’s premier racing track, was sold less than five years later by its bankrupt Canadian owners, the largest horse track company in America. The purchaser? Global Gaming Solutions, a commercial enterprise of the Chickasaw Nation, which by the 2020s also owned the largest casino in the world.
By 2012, school officials themselves were ambivalent regarding the economic benefits to education of the lottery. According to the Tulsa World, the median annual amount distributed to individual school districts was $19,000.
Tulsa Public Schools treasurer Joe Stoeppelwerth said the lottery was financing 44 to 48 Tulsa teachers’ salaries. The $1.8 million the state’s largest school district annually received that year, however, was “a bit of a disappointment,” he said. “This amount is about half of what was projected when the lottery passed.”
By 2013, SoonerPoll, a non-partisan Oklahoma political polling organization, reported:
“Since its final passage in 2004 under Democrat Governor Brad Henry, the lottery has continued to underperform expectations. It has never met the projections pushed by proponents more than a decade ago, and ranks toward the bottom with other lottery states in the amount of revenue generated