Bill > SB1765

This bill modifies existing Arizona law concerning event wagering, which refers to betting on the outcome of sporting events. Key provisions include the establishment of a dedicated "problem gambling fund" to address gambling addiction, which will be funded by a portion of lottery revenues and a new fee imposed on licensed event wagering operators. Specifically, $1.3 million from the state lottery fund will be deposited into this new fund, and the Department of Gaming will also collect a quarterly fee from operators licensed for both mobile and retail event wagering. This fund will be administered by the Department of Gaming and used for the prevention, treatment, and education of problem gambling. Additionally, the bill clarifies that certain information related to event wagering license applications will be kept confidential by the Department of Gaming, but will be immediately released to any legislator upon written request, and will still be subject to disclosure through court orders or subpoenas. The bill also makes a technical amendment to the definition of "adjusted gross annual event wagering receipts" for the purpose of calculating the problem gambling fee, clarifying that it means gross wagering revenue minus winnings paid to players before other deductions.

Budget and Finance, Government Affairs

https://apps.azleg.gov/BillStatus/BillOverview/85444