The 1994 Alaska gubernatorial election took place on November 8, 1994, for the post of Governor of Alaska, United States. Democratic candidate Tony Knowles narrowly defeated Republican candidate Jim Campbell and Lieutenant Governor Jack Coghill of the Alaskan Independence Party. In the Republican Revolution year of the 1994 elections, Alaska's was the only governor's seat in the country to switch from Republican to Democratic.

Anthony Carroll Knowles is an American politician and businessman who served as the seventh governor of Alaska from 1994 to 2002. Barred from seeking a third consecutive term as governor in 2002, he ran unsuccessfully for the U.S. Senate in 2004 and again for governor in 2006. In September 2008, Knowles became president of the National Energy Policy Institute, a non-profit energy policy organization funded by billionaire George Kaiser's family foundation, and located at the University of Tulsa.