ARIZONA HOUSE OF REPRESENTATIVES

Fifty-fifth Legislature

Second Regular Session

 

HB 2842: amusements; 2022-2023

Sponsor: Representative Cobb (with permission of committee on Rules), LD 5

Committee on Appropriations

Overview

Contains provisions relating to amusements needed to implement the FY 2023 budget.

☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal NoteHistory

Pursuant to A.R.S. § 5-104, the Arizona Department of Gaming (ADG) Division of Racing establishes and collects a regulatory assessment from each commercial racing permittee, payable from amounts deducted from pari-mutuel pools by the permittee, from amounts wagered on live and simulcast races from in-state and out-of-state wagering handled by the permittee. All monies received from the regulatory assessment are deposited into the Racing Regulation Fund, which is the primary funding source for the Division of Racing.

While ADG has the authority to set the regulatory assessment rate, the Legislature, for each FY since 2017, has set the rate at 0.5% of the amounts wagered.

Provisions

1.   Continues for FY 2023, as session law, ADG's regulatory assessment of 0.5% on the amounts wagered on live and simulcast races from in-state and out-of-state wagering handled by a commercial racing permittee. (Sec. 1)

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5.                     HB 2842

6.   Initials PRB/NM    Page 0 Appropriations

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