New bill proposes legal online and land-based sports betting in Alabama

New bill proposes legal online and land-based sports betting in Alabama

Article brief provided by iGB North America
  • Robert Fletcher, iGB North America
January 30, 2021 11:00 PM
  • Robert Fletcher, iGB North America

Legislators in Alabama are to run the rule over a new bill that seeks to legalize online, mobile and land-based sports betting in the US state.

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Introduced by Representative John Rogers, House Bill 161 would permit betting on professional and collegiate sports events in Alabama, with consumers able to bet in person at licensed venues or with approved online and mobile operators.

The bill would create the Alabama Sports Wagering Commission to regulate the market and take control of the licensing process.

The Commission would be able to issue up to seven licenses for sports betting, with each permit to cost $100,000. Licenses would run for a period of five years, after which the holder would be required to pay a $100,000 renewal fee. Each licensee may offer betting via a digital platform.

Licensees would also be subject to a 10% tax rate on adjusted gross sports betting receipts in the state. This tax would be payable to the Commission in weekly installments.