The proposed bill, if enacted, would make several significant updates to current statutes regarding amusements in Arizona. It would amend sections related to the Liquor Licenses Fund, specifying that any remaining funds exceeding $700,000 as of December 31 each year would revert to the state General Fund, rather than at the end of the fiscal year. Additionally, the bill would repeal the Fantasy Sports Contest Fund and transfer any unexpended funds to the Event Wagering Fund. It would also establish an Unarmed Combat Subaccount within the Event Wagering Fund, which would be funded by licensing fees and penalties related to unarmed combat.

Furthermore, the bill would authorize the Arizona Department of Gaming to spend a portion of the Event Wagering Fund on regulating both event wagering and fantasy sports contests, and it would allow for the establishment of a regulatory assessment from commercial racing permittees. The bill also includes provisions for first-time starter horses in racing, allowing them to compete under specific conditions, with a sunset clause for this provision set for December 31, 2027. Overall, these changes aim to streamline funding processes and enhance regulatory oversight within the state's amusement-related activities.

Statutes affected:
Introduced Version: 4-120, 5-226, 5-230, 5-238, 5-1211, 5-1212, 5-1318, 4-115, 4-116.01, 35-190, 5-113.01, 35-146, 35-147, 5-229, 5-1202
House Engrossed Version (06/11/2026): 4-120, 5-226, 5-230, 5-238, 5-1211, 5-1212, 5-1318, 4-115, 4-116.01, 35-190, 5-113.01, 35-146, 35-147, 5-229, 5-1202
Chaptered Version: 4-120, 5-226, 5-230, 5-238, 5-1211, 5-1212, 5-1318, 4-115, 4-116.01, 35-190, 5-113.01, 35-146, 35-147, 5-229, 5-1202