Oklahoma Horse Racing Act; defining terms; requiring provider to obtain certain license. Effective date.

SB 1955 amends Oklahoma's Horse Racing Act to clarify key terms and require specific licensing for online wagering providers. It directly affects businesses operating "advance deposit account wagering" systems - where users pre-deposit funds for betting - by mandating they obtain a dedicated license from the Oklahoma Horse Racing Commission. The bill defines these systems as a form of pari-mutuel wagering and requires the Commission to create rules governing the licensing process. These changes update regulatory language to address modern betting platforms while maintaining existing definitions for horse racing types (e.g., Thoroughbred, Quarter Horse).