The proposed bill would amend several sections of the Arizona Revised Statutes related to amusements, specifically addressing the management of funds and regulatory assessments. Notably, it would change the Liquor Licenses Fund by stipulating that any remaining funds exceeding $700,000 on December 31 of 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 its remaining funds to the Event Wagering Fund, while also establishing an Unarmed Combat Subaccount within the Event Wagering Fund to manage fees and penalties related to unarmed combat licensing.

Furthermore, the bill introduces new provisions for the Department of Gaming, including the requirement to report monthly on the total amount received from unarmed combat licensing fees and to deposit those amounts into the newly established Unarmed Combat Subaccount. It also allows the Department to spend a portion of the Event Wagering Fund on problem gambling programs and establishes a regulatory assessment from commercial racing permittees. Lastly, the bill 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.

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
Senate Engrossed 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