Three adults were pronounced dead at the scene, while the fourth victim, a two-year-old boy, died from his injuries at a hospital, according to a Stillwater police statement.
23-year-old Nikita Nakal of Mumbai was identified as among the victims of the accident yesterday by University of Central Oklahoma (UCO) President Don Betz.
Authorities identified the driver as 25-year-old Adacia Avery Chambers, who was taken into custody on suspicion of driving while under the influence of alcohol.
She first hit a police officer's motorcycle and then rammed her car into the parade-goers packed on a street corner.
Three adults were pronounced dead at the scene, while the fourth victim, the young boy, died from his injuries at OU Medical Center Children's Hospital, according to a Stillwater Police Department statement.
Police named the adult victims as Nakita of Edmond and 65-year-old Stillwater residents Bonnie Jean Stone and Marvin Lyle Stone.
Of a further 47 people treated after the crash, 17 remained hospitalised and five were in a critical condition, police said. Some of the victims are children, they said.
Mayor Gina Noble and Stillwater City Council said, "we are heartbroken about the tragedy, and our hearts and prayers are with the families of those who died and are injured."
In a statement posted on the University of Central Oklahoma website, Betz expressed condolences to the family of Nakal.
"While our thoughts and prayers are with the Oklahoma State University (OSU) community....Following the tragic events during OSU's homecoming parade this morning, it is with deep sadness that I ask you to extend those sentiments to the family and friends of one of our own students.
He added that students come to Central Oklahoma university with their unique goals, hopes and dreams, and "Nikita was undoubtedly no different. While we mourn the potential unrealised, let us also honour her life by pulling closer and appreciating the strength of our Broncho family."
He said the university plans to honour Nakal soon.
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