HB336 Summary

• Creates the Alabama Sports Wagering Commission with seven members appointed by various state officials to regulate and supervise sports wagering operations in the state.

• Authorizes the commission to issue four types of licenses: operator, supplier, management services provider, and occupational licenses for conducting legal sports wagering at pari-mutuel facilities.

• Levies a 10 percent tax on adjusted gross sports wagering receipts, with revenues deposited into the Sports Wagering Fund and allocated exclusively for scholarships at Alabama public institutions of higher education.

• Permits the commission to enter into sports wagering agreements with other jurisdictions allowing persons physically located in signatory states to participate in sports wagering conducted by licensed operators.

• Amends Section 13A-12-31 to exempt wagering on professional, collegiate, and amateur sports contests from Alabama's criminal gambling statutes, based on the finding that sports events are games of skill rather than chance.