Bill > SB1614

This bill modifies Arizona's horse racing laws to allow for advance deposit wagering, which is a form of betting where individuals can place wagers through a pre-funded account, often via telephone or electronic means. Specifically, it introduces new provisions that permit advance deposit wagering providers to operate even if there are no licensed racetracks conducting live racing in the state, allowing them to accept bets on simulcast events (races broadcast from elsewhere) without needing a direct contract with a local racetrack. These providers will still be required to pay a fee equivalent to their previous "source market fee" to the state's racing regulation fund, which supports the department's mission. The bill also clarifies that if a racetrack license is issued later, existing advance deposit wagering providers can continue operating provisionally until they establish new agreements. Additionally, it ensures that deposits made to the racing regulation fund from advance deposit wagering are handled according to established procedures.

Government Affairs

https://apps.azleg.gov/BillStatus/BillOverview/85245