Alaska could soon be the next state to consider legalized sports gambling
Alaska’s governor sees the light and will push for the launch of legal sports wagers
As in most states trying to legalize sports gambling, the hardest stage of a new law is to get the final approval from the governor. In Alaska, however, things are exactly the opposite and this time, it is Governor Mike Dunleavy himself who is bringing two bills to the table that propose legal sports betting. This new proposal was named the Alaska Lottery Corporation Act, and, besides seeking legal sports betting, it also brings assistance for the regulation of an Alaska State Lottery, including keno, and scratch-offs.
After an enormous gap in the state’s fiscal budget of over $1.5 billion, it seems like a logical solution that the governor is presenting to the lawmakers, considering the big revenues other states are collecting since betting on sports was legalized. If Dunleavy’s plans become reality, it is estimated that the state will collect as much as $100 million in revenue each year. Though it won’t fill the current gap in the budget, at least it will reduce it significantly.
“In the face of low state revenues, my administration has been actively seeking new revenue sources to diversify our economy. Not only does this legislation have the potential of creating new business opportunities, but the profits generated from lottery activities will also be designated to K-12 education, domestic violence prevention programs, drug abuse prevention programs, foster care, and homelessness,” said Dunleavy. “Alaska is one of only five states that does not have any form of a state lottery. I believe it is time we, as a state, have a conversation on the potential benefits that could come from a state lottery.” The bills are now referred to the Committee on State Affairs for consideration.