The proposed bill aims to amend existing laws regarding raffles, specifically exempting certain raffles conducted by institutions of higher education and their affiliated nonprofit organizations from regulation under the Charitable Bingo and Raffles Enabling Act. It establishes the Arkansas Sports Raffle Act, which allows these institutions to conduct raffles for educational, charitable, or philanthropic purposes. The bill includes provisions that define qualifying organizations, outline the conduct of raffles, and specify the use of funds generated from these raffles. Notably, it permits raffles to be conducted through digital or electronic means and establishes guidelines for prize distribution and age restrictions for ticket purchasers.

Additionally, the bill amends various sections of Arkansas law to include the Arkansas Sports Raffle Act as an exception to prohibited gambling practices associated with alcoholic beverage permits. This includes updates to the definitions of gambling and exceptions for charitable activities. The bill also declares an emergency, emphasizing the immediate need for these changes to support economic development and the educational needs of student-athletes in Arkansas. The act will take effect upon approval by the Governor or after the expiration of the veto period.

Statutes affected:
HB 1634: 23-114-103(c), 3-4-403(19), 3-5-221(d), 3-5-307(5), 3-9-236(15)
Act 305: 23-114-103(c), 3-4-403(19), 3-5-221(d), 3-5-307(5), 3-9-236(15)