A feasible extraction procedure is proposed to retrieve the diagonal tensor elements of the permittivity and permeability, and the magnetoelectric coupling coefficient of Omega-type biansiotropic metamaterials (MMs). The procedure is based on the state transition matrix approach and uses non-iterative closed-form expressions between constitutive parameters and scattering (S-) parameters to achieve such determination using S-parameters for normal incidence and oblique incidence of TE and TM modes (a desirable feature from practical point of view). S-parameter simulations of a bianisotropic MM slab constructed by edge-coupled resonators are performed using a 3D electromagnetic simulator program and used to validate the proposed procedure and compare its accuracy against previously developed extraction procedures. The effects of incidence angle, S-parameters' noise, and dimensional variations (fabrication tolerances) on the extracted parameters of the examined MM slab are investigated.