The ruling could affect thousands of lawsuits filed by state and local governments against opioid manufacturers and distributors.
"Johnson & Johnson will finally be held accountable for thousands of deaths and addictions caused by their actions," he added.
The $572m total was well below what some investors and analysts feared in what had been a $17bn lawsuit, and the firm's shares rose 5% in extended trading following the decision.Oklahoma had previously reached settlements with two other defendant groups - a $270m deal with OxyContin-maker Purdue Pharma and an $85m settlement with Israeli-owned Teva Pharmaceutical Industries Ltd.
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