The proposed bill, if enacted, would update current statutes related to the regulation of commercial racing in Arizona. Specifically, it would introduce a new requirement for the Arizona Department of Gaming to establish and collect a regulatory assessment of 0.5 percent from each commercial racing permittee based on the amounts wagered on live and simulcast races. This assessment would be in addition to existing deductions authorized under current law, thereby increasing the financial obligations of permittees during the fiscal year 2026-2027.

Additionally, the bill would allow first-time starter horses to race under certain conditions, including having gate approval and completing at least two timed workouts, with one being an out-of-the-gate workout conducted within 60 days of the race. This provision would be effective for the years 2026 and 2027, after which it would be repealed. The bill aims to streamline regulations while ensuring compliance with the updated financial assessments and racing eligibility criteria.