If enacted, this bill would update current statutes related to the regulation of commercial racing in Arizona. Specifically, it would require the Arizona Department of Gaming (ADG) to establish and collect a new regulatory assessment of 0.5 percent from each commercial racing permittee based on the amounts wagered on live and simulcast races, in addition to existing deductions allowed under current law. This new requirement would apply for the fiscal year 2025-2026.

Additionally, the bill would allow the ADG to grant gate approval for all tested horses within 60 days of the race for the years 2025 and 2026, and it mandates that the ADG amend the administrative code accordingly. However, this provision would be repealed after December 31, 2026. Overall, the bill aims to implement necessary changes to facilitate the FY 2026 state budget while modifying existing regulations concerning horse racing.