The proposed bill aims to make the operation of illegal online casinos and sports betting a felony, while also establishing the Interactive Gaming Act. It amends existing laws to expand the definition of interactive gaming to include online and mobile games that utilize a dual-currency system, allowing players to exchange currency for prizes. The bill introduces new legal language that defines various terms related to interactive gaming, such as "casino licensee," "interactive gaming," and "name, image, or likeness drawing game." It also specifies that a casino licensee must operate an approved interactive gaming system and outlines the penalties for operating without a license.

Additionally, the bill includes provisions for the management of dormant accounts, requiring casinos to attempt to contact account holders before closing accounts that have been inactive for two years. The Arkansas Racing Commission is granted the authority to create rules for the administration and enforcement of the new regulations. An emergency clause is included, emphasizing the urgency of the bill in addressing unregulated gambling activities that pose risks to citizens and the economic development of the state, particularly in relation to supporting student-athletes and educational institutions.

Statutes affected:
Old version HB1861 Original - 3-19-2025 03:30 PM: 5-66-103(a)
HB 1861: 5-66-103(a)