The bill amends existing laws regarding raffles by establishing the Arkansas Sports Raffle Act, which allows institutions of higher education and their affiliated nonprofit organizations to conduct raffles for charitable, philanthropic, or educational purposes. It specifies that these raffles are not regulated by the Charitable Bingo and Raffles Enabling Act and introduces provisions that permit the use of digital or electronic devices for conducting raffles. The bill also outlines the purposes for which raffle funds can be used, including supporting student-athletes and enhancing the institution's athletic programs.

Additionally, the bill modifies existing laws related to gambling on premises with alcoholic beverage permits, explicitly including raffles conducted under the Arkansas Sports Raffle Act as exceptions to various prohibited practices. It includes an emergency clause, emphasizing the immediate need for the legislation to support economic development and education 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)