HB 385 Summary

• Authorizes mobile sports gaming in Alaska through a new licensing system administered by the Department of Revenue, with a maximum of 10 licenses issued.

• Requires licensees to have mobile sports gaming licenses in at least three other states, pay $5,000 licensing fees, undergo criminal history checks, and comply with strict operational and reporting requirements.

• Imposes a 12 percent tax on adjusted gross revenue from mobile sports gaming, with monthly tax returns due by the 15th of each month.

• Imposes a separate 12 percent tax on fantasy sports gaming revenue, with similar monthly reporting requirements.

• Establishes that operations cannot commence until the commissioner issues a minimum of three licenses, with public notice at least 14 days in advance; effective date is January 1, 2023.