The bill SB1736 amends existing laws related to amusements in Arizona, primarily to implement changes necessary for the FY 2025 state budget. Key provisions include adjusting the balance cap for the Exposition and State Fair Board Permanent Revolving Fund to $400,000 for a specific period around the annual Arizona State Fair, and reducing the annual distribution from the State Lottery Fund to the Arizona Competes Fund from $3.5 million to $1.75 million, with a restoration of the original amount set for July 1, 2027. Additionally, the bill mandates the Arizona Department of Gaming to establish a regulatory assessment from commercial racing permittees and allows first-time starter horses to race under certain conditions.

The bill also introduces a new requirement for the Department of Gaming to collect a regulatory assessment of 0.5% from amounts wagered on live and simulcast races, and it specifies that for the years 2024 and 2025, first-time starter horses can race if they have gate approval and two timed workouts, including one conducted within 60 days of the race. This section will be repealed after December 31, 2025. Overall, the bill makes significant adjustments to funding allocations and regulatory practices within the context of Arizona's amusement and gaming sectors.

Statutes affected:
Introduced Version: 3-1005, 5-572, 3-1003, 35-146, 35-147, 35-190
Senate Engrossed Version: 3-1005, 5-572, 3-1003, 35-146, 35-147, 35-190