The bill authorizes mobile sports wagering in Alaska and establishes a regulatory framework for its operation by amending existing laws to include provisions related to mobile sports wagering, specifically referencing AS 05.18, which outlines licensing requirements for operators. It requires individuals or entities wishing to offer mobile sports wagering to obtain a license from the commissioner, which involves a comprehensive application process, including background checks and proof of financial responsibility. The commissioner is responsible for regulating the industry, ensuring compliance with state laws, and maintaining confidentiality of sensitive information.

Furthermore, the bill imposes a 20% tax on the adjusted gross revenue from mobile sports wagering, detailing specific reporting and payment requirements for licensees. It defines key terms related to sports wagering, clarifies that wagering events do not include athletic events primarily involving participants under 18 years of age, and updates the definition of "gambling" to exclude certain activities authorized by the Department of Revenue. The Department of Revenue is empowered to adopt necessary regulations, and the bill mandates that the start of operations for licensed mobile sports wagering be announced at least 14 days in advance, contingent upon the issuance of a minimum of three licenses. The legislation is set to take effect on January 1, 2026, with some provisions becoming effective immediately.

Statutes affected:
HB0145A, AM HB 145, introduced 03/21/2025: 04.11.370, 12.62.160, 12.62.400, 05.18.020, 40.25.110, 40.25.140, 05.18.010, 05.18.030, C.F.R, 05.18.040, 05.18.050, 05.18.060, 05.18.070, 05.18.080, 05.18.090, 05.18.100, 05.18.110, 05.18.120, 05.18.190, 11.66.280, 43.23.230, 44.64.030