The bill amends 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 qualifying organizations to conduct raffles for educational, charitable, or philanthropic purposes. The new provisions permit these organizations to utilize digital platforms for conducting raffles and specify that the funds raised can support various initiatives, including scholarships for student-athletes and maintenance of athletic facilities.

Additionally, the bill modifies existing laws related to gambling and alcoholic beverages to include the Arkansas Sports Raffle Act as an exception to various prohibited practices. It outlines the rules for conducting raffles, including age restrictions, payment methods, and the handling of unclaimed prizes. The bill also declares an emergency, emphasizing the importance of these raffles for supporting educational and athletic programs, thereby contributing to economic development in Arkansas.

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)