The proposed bill, if enacted, would update current statutes by establishing a regulatory assessment of 0.5% on amounts wagered by commercial racing permittees for the fiscal years 2025 and 2026. This assessment would be in addition to existing deductions permitted under section 5-111, subsection B of the Arizona Revised Statutes. The bill also authorizes the Arizona Department of Gaming (ADG) to allow gate approval for all tested horses within 60 days of their respective races during the same period, requiring the ADG to amend the administrative code accordingly.

Additionally, the bill includes a provision that would repeal the gate approval authorization after December 31, 2026. These changes aim to facilitate the implementation of the FY 2026 budget while ensuring that the regulatory framework for horse racing remains effective and up-to-date.