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 under AS 05.18. It outlines a licensing process for operators, which requires a $100,000 application fee and criminal history checks. The commissioner of revenue will oversee the administration of the chapter, ensuring compliance and issuing licenses. Licensees are responsible for maintaining records, reporting suspicious activities, and conducting wagering responsibly. The bill also imposes a 20% tax on the adjusted gross revenue from mobile sports wagering and sets age restrictions, mandating participants to be at least 21 years old.

Additionally, the bill updates the definition of "gambling" to clarify that it does not include activities authorized under the new section AS 05.18 and establishes a "sports wagering account" for patrons. It outlines the types of events that qualify as "wagering events," excluding those with participants predominantly under 18 years of age, except for Olympic events. The Department of Revenue is tasked with adopting necessary regulations and must announce the start of mobile sports wagering operations at least 14 days in advance, contingent upon issuing a minimum of three licenses. The bill is set to take effect on January 1, 2026, with certain provisions effective immediately.

Statutes affected:
SB0194A, AM SB 194, introduced 05/14/2025: 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