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. It mandates that individuals or entities wishing to operate mobile sports wagering must obtain a license, meeting criteria such as holding a mobile sports wagering license in at least three other states and undergoing criminal history checks. The commissioner of revenue is responsible for administering the licensing process, collecting taxes, and enforcing regulations. A 20% tax on the adjusted gross revenue from mobile sports wagering is also imposed, alongside requirements for licensees to maintain records, promote responsible gambling, and report suspicious activities.

The bill introduces new definitions, including "sports wagering account" and clarifies that "wagering events" include various athletic and motor vehicle events while excluding those primarily involving participants under 18 years of age. It modifies the definition of "gambling" to incorporate exceptions related to mobile sports wagering and charitable gaming. Key changes include the insertion of mobile sports wagering references in multiple sections of the law, granting the Department of Revenue authority to adopt necessary regulations, and stipulating that operations cannot commence until at least three licenses are issued, with a public announcement required 14 days prior to operations. The act is set to take effect on January 1, 2026, with certain sections 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