The proposed 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 adding references to AS 05.18 alongside AS 05.15 concerning gambling violations. It outlines a licensing process for operators, which requires submitting an application, paying a $100,000 license fee, and undergoing criminal history checks. The commissioner of revenue will administer the chapter, issue licenses, and enforce compliance, ensuring that the mobile sports wagering system adheres to industry standards. The bill also imposes a 20% tax on the adjusted gross revenue from mobile sports wagering and includes specific reporting requirements for licensees.

Furthermore, the bill introduces new definitions, such as "sports wagering account," and clarifies that "gambling" does not include certain activities like bona fide business transactions. It mandates the Department of Revenue to adopt necessary regulations for implementing these changes, allowing for retroactive enforcement of regulations if adopted after the effective date. The Department must announce the start of operations for mobile sports wagering at least 14 days in advance, contingent upon the issuance of a minimum of three licenses. The bill is set to take effect on January 1, 2026, with certain provisions taking effect immediately, aiming to create a structured and regulated environment for mobile sports wagering in Alaska while promoting responsible gambling practices.

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