Alaska is the latest state to consider legislation to legalize online sports betting.
Alaska may offer multiple sportsbooks
HB 145 proposes Alaska to offer up to 10 mobile wagering licenses with operators required to pay a $100,000 license fee. In addition to the fee, operators may also be charged a processing fee for initial or renewed licenses. Under the bill, licenses are valid for one year.
Rep. David Nelson introduced House Bill 145, a measure that proposes the authorization and regulation of mobile sports wagering in the Last Frontier. The bill would require the Alaska Department of Revenue to oversee regulated wagering, with its commissioner having the authority to issue or renew mobile sports betting licenses.
HB 145 would also require licensees to use software monitoring systems to track betting irregularities. Under the bill, operators are required to report any irregularities to the commissioner.The bill also takes into account marketing practices.
Under HB 145, operators are banned from promoting or advertising mobile sports wagering to persons under 21 years of age. The measure also requires licensees to provide information on gambling disorders and resources on their mobile wagering systems.
The RG information is required to be prominently displayed by operators.
Potential tax requirements in Alaska
Nelson’s measure allows eligible bettors to fund their sportsbook accounts using credit or debit cards with third-party online and mobile payment systems also permitted.
HB 145 calls for operators to be taxed at a 20% rate on adjusted gross revenue from wagering. It also requires licensees to maintain daily records of gross receipts and adjusted gross receipts. If enacted, HB 145 would provide wagering in Alaska on January 1, 2026.
The measure, which does not include daily fantasy sports, has undergone its first reading and has been referred to the House Labor & Commerce and Finance Committees.
