With sports betting becoming more and more mainstream it seems like every week a new state is passing legislation to legalize betting within state lines. This is going to be a rapidly evolving space which is why we are making sure you have all the information you need regardless of where you live. We have broken down the betting landscape for all 50 states so that you can find out if your state has any legalized betting, or where they are at in the process. Here are the five things you need to know for Alaska sports betting and AK online sports betting apps.
1) Is Alaska Sports Betting Legal?
At this time, there are no laws in Alaska that make betting on sports illegal. There are no legal domestic sportsbooks, but rather, offshore sports betting is not necessarily illegal. Betting on fantasy sports (including DraftKings and FanDuel) is currently legal in Alaska.
2) What Bills are Currently Before the State Legislature?
The first real attempt to legalize sports betting in the Alaska came directly from Gov. Mike Dunleavy in 2020. He said legalizing sports betting through the lottery would be another avenue of diversifying the revenue to the state’s government. Along with Alaska sports betting, draw games, instant games and keno also would have been legalized.
Alaska is one of five states in the US that does not have a state lottery, however. So, without a lottery, it’s unclear about the viability of this bill. With COVID-19 playing a major role in most bills, it seems unlikely that they will make it legal in 2020.
3) What are the Next Steps for AK Sports Betting?
It’s unclear when we can expect sports betting to be legal in Alaska. While they do allow DraftKings and FanDuel in their state, they don’t have many groups lobbying for sports betting because of the small population. Alaska also has a lack of sports teams, which can drive citizens to advocate for legal sports wagering.
4) What are the Most Popular Teams to Bet on in AK?
Alaska is in such close proximity to Canada, it comes as no surprise at all that that Alaskans enjoy themselves some ice hockey. So, the NHL could be the No. 1 sport for percentage of handle. Of course, it stands with reason that sports such as football, baseball and basketball would garner some action just based on their widespread popularity.
One thing that is likely unique to Alaskans is if sportsbooks could legally offer wagering on the state’s biggest sporting event: the Iditarod sled dog race.
5) Is There Anything Else to Know About Alaska Sports Betting?
Bingo Halls and pull tabs are currently legal in Alaska, but they outlaw most other forms of gambling, and don’t have their own state law. It is legal to play Bingo at 19, while you must be 21 to play pull tabs. Alaskan citizens are unable to gamble on many things. They even outlaw the sale of multi-state lotteries, including the PowerBall and Mega-Millions. However, you are allowed to play paid fantasy sports contests on DraftKings and FanDuel.
What are the Most Common Types of Bets I Can Make in Alaska?
This is the most common bet type and it is just a straight up single bet on a game. A point spread is determined by the oddsmakers with one team being favored by a certain amount of points. Let’s take a look at an example line below to give a clear indication of what a straight bet would be:
Boston Celtics -6.5 (-110), moneyline -320
at Cleveland Cavaliers +6.5 (-110), moneyline +260
The Celtics are favored by 6.5 points in this example. This means that if you bet the Cavaliers, you are getting 6.5 points, so if the Cavaliers win the game, or lose by fewer than seven points, you will win the bet because of your 6.5-point cushion. On the other side, when you are laying 6.5 points as the favorite, you would need the Celtics to win by seven or more to win the bet.
Final Score: Celtics 102 Cavaliers 98. Cavaliers would cover even though the Celtics won the game because the +6.5 point spread is enough to cover a four-point defeat.
The moneyline is a bet where there is no spread; you are just picking the winner of the game. In the example above, the Cavaliers ML is +260, which means that for every $100 wagered, you win $260 if the Cavaliers win the game outright. They receive the plus side of the moneyline since they are the underdog and picking them rewards you with nice odds since they are projected to likely lose the game. On the flip side, if you bet the Celtics ML at -320, you have to bet $320 to win $100. They are the favorites so if you decide to bet the moneyline instead of the point spread, you are forced to bet additional money to win $100.
In the example above, the Celtics ML would be the winner as they won the game outright. The spread is irrelevant for a moneyline wager.
This is a straight bet wagering on how many total combined points will be scored in a game by both teams. For example, an NBA game may have an over/under of 210 points, which means that the oddsmakers are projecting a combined points total of 210 between the two teams. If you think the teams are going to score more than 210 points total, you bet the over, and conversely, if you think it’s going to be a defensive struggle, you can bet the under hoping that the total points scored equals 209 points or less.
A parlay is a bet where you combine multiple bets into one bet and you get increased odds because you only win your parlay wager if all of your bets win. If you do a three-team parlay, you select three different teams from three different games and if you win all three of the bets you hit your parlay for longshot odds (6-1 so $100 to win $600). Going 0/3, 1/3, or 2/3 is all the same and you lose the parlay bet. It’s all or nothing which makes them tough to hit and is more of a home run type bet than a regular straight bet since there’s a chance for a big payoff.
Alaska Sports Betting FAQs
- Is Sports Betting Legal in State?
- How Can I bet in state?
- Will Alaska have Online Sports Betting or Sports Betting Apps?
- How Do I Open an Account?
- How Do I Deposit and Withdraw?
- Do I have to be in state to place a bet?
- What Games Can I bet on?
- What Companies Will be Offering Sports Betting?
- What Kind of Taxes Do I have to Pay?
- How Old Do I have to Be to Bet in State?
- What are the Betting Limits?
- Where Do I go if I have a problem?
Need more sports betting information? Check out the Awesemo betting home page.
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