Title 5, Amusements and Sports

(Conditionally Rpld.) In this article, unless the context otherwise requires: 1. "Bond" means any obligation authorized and issued pursuant to this article, including: (a) Bonds and notes. (b) Certificates of participation in a lease-purchase or certificates of purchase in a leas…

(Conditionally Rpld.) Bonds issued under this article: 1. Are payable only according to their terms. 2. Are obligations of the authority. 3. Are not general, special or other obligations of this state, or of the county or any city or town located in the authority. The members of …

(Conditionally Rpld.) A. The authority may issue bonds pursuant to this article in a principal amount that is necessary to: 1. Provide sufficient monies for any sports authority purposes. 2. Establish and fully or partially fund any required reserves or sinking accounts. 3. Issue…

(Conditionally Rpld.) A. The authority board shall issue the bonds in the number and amount provided in the resolution. The authority board shall provide published notice within fifteen days to the public and to the district board of directors of its intention to issue bonds. B. …

(Conditionally Rpld.) A. If the authority issues bonds under this article, the authority board shall establish a bond proceeds account within the general fund consisting of monies received from the sale of the bonds. B. The authority board may use monies in the bond proceeds acco…

(Conditionally Rpld.) A. If the authority issues bonds under this article, the authority board shall establish a debt service account within the general fund consisting of monies designated and dedicated by the board for repayment of the bonds and payment of costs and related exp…

(Conditionally Rpld.) In connection with issuing bonds authorized by this article and to secure the principal and interest on the bonds, the authority board by resolution may: 1. Pledge for the payment of principal and interest on the bonds all or part of the revenues and other m…

(Conditionally Rpld.) A. Any pledge made under this article is valid and binding from the time when the pledge is made. B. The monies pledged to the holders of the bonds and received by the authority for placement in the debt service account are immediately subject to the lien of…

(Conditionally Rpld.) The authority board may purchase bonds for cancellation, using any available monies, at a price not exceeding the following: 1. If the bonds are redeemable at the time of purchase, the applicable redemption price plus accrued interest to the next interest pa…

(Conditionally Rpld.) A. The bonds shall be paid solely from monies in the debt service account. B. The members of the authority board and any persons who execute the bonds are not personally liable for the payment of the bonds. C. The authority's fiscal agent shall cancel all bo…

(Conditionally Rpld.) A. The authority board may authorize the authority's fiscal agent to invest monies in the bond proceeds account in the manner prescribed by section 5-1173. B. The order directing an investment shall state a date on which the proceeds from the sale of the bon…

(Conditionally Rpld.) A. The authority board may authorize the authority's fiscal agent to invest and reinvest any monies in the debt service account as provided by section 5-1173. B. The order directing an investment shall state a date on which the monies and other resources in …

(Conditionally Rpld.) A. The monies in either the bond proceeds account or the debt service account may be invested and reinvested at the direction of the authority board in any of the following: 1. United States treasury obligations. 2. Consolidated farm loan bonds. 3. Obligatio…

(Conditionally Rpld.) A. Monies derived from selling bonds under this article or pledged or assigned to or in trust for the benefit of the holder or holders of the bonds shall be deposited by the authority's fiscal agent in financial institutions that the authority board designat…

(Conditionally Rpld.) A. Bonds issued under this article are fully negotiable within the meaning and for all purposes of the uniform commercial code, subject only to any provisions for registration, regardless of whether the bonds actually constitute negotiable instruments under …

(Conditionally Rpld.) A. Bonds issued under this article remain valid and binding obligations of the authority notwithstanding that before the delivery of the bonds any person whose signature appears on the bonds ceases to be an officer of the authority. B. An amendment of any pr…

(Conditionally Rpld.) A. This article constitutes full authority for authorizing and issuing bonds without reference to any other law of this state. No other law with regard to authorizing or issuing obligations or that in any way impedes or restricts performing the acts authoriz…

In this chapter, unless the context otherwise requires: 1. "Applicant" means any person that has applied for a license as a fantasy sports contest operator or that has been approved for any act related to fantasy sports contests. 2. "Application" means a request to issue a licens…

A. Except as otherwise provided in this section, a person may not offer fantasy sports contests in this state unless the person is licensed by the department as a fantasy sports contest operator. B. An individual may offer one or more fantasy sports contests if all of the followi…

A. The fantasy sports contest operator may not employ an individual and, if already employed, shall terminate an employee who is identified through regulations issued by the department if the individual meets any of the following criteria: 1. Has been convicted of any gaming offe…

On or before July 1 of each year, a licensed fantasy sports contest operator shall contract with a certified public accountant to perform an independent audit in accordance with generally accepted accounting principles of the financial condition of the licensed fantasy sports con…

A. A fantasy sports contest operator shall prohibit an individual who is under twenty-one years of age from participating in a fantasy sports contest. B. A licensed fantasy sports contest operator may not do any of the following: 1. Allow the use of a script that provides a fanta…

A. A fantasy sports contest operator shall develop a procedure to inform fantasy sports contest players that help is available if an individual has a problem with gambling and, at a minimum, provide the statewide toll-free helpline telephone number, text message and website infor…

The department shall adopt rules to implement this chapter as provided in title 41, chapter 6, including rules that do all of the following: 1. Require a fantasy sports contest operator to implement commercially reasonable procedures to prohibit access to both of the following: (…

A. After a fantasy sports contest operator is licensed, the fantasy sports contest operator shall report any change to the information regarding ownership included in its application with the department within thirty days after the change is effective. The fantasy sports contest …

A. The department may revoke, suspend or deny a license if an applicant or licensee meets any of the following criteria: 1. Violates, fails or refuses to comply with the provisions, requirements, conditions, limitations or duties imposed by law or rule, or if any such violation o…

A. A person may not do any of the following: 1. Except as otherwise provided in this chapter, offer a fantasy sports contest in this state unless the person is licensed by the department. 2. Knowingly make a false statement on an application for a license under this chapter. 3. K…

A. The department shall establish a fee for the privilege of operating fantasy sports contests. In determining the fee, the department shall consider the highest percentage of revenue share that an Indian tribe pays to this state pursuant to the tribal-state gaming compacts and a…

A. The fantasy sports contest fund is established consisting of monies deposited pursuant to section 5-1211 or from any other source. The department shall administer the fund. Monies in the fund are subject to legislative appropriation. B. On notice from the department, the state…

A. This chapter does not become effective unless and before each Indian tribe with a gaming facility in Pima county and each Indian tribe with a gaming facility in the Phoenix metropolitan area, as defined in the 2021 compact amendment, has entered into a 2021 gaming compact amen…

In this chapter, unless the context otherwise requires: 1. "Adjusted gross event wagering receipts" means an event wagering operator's gross wagering receipts, excluding voided bets, minus winnings paid to authorized participants and any federal excise tax. A deduction from adjus…

A. The department shall enforce this chapter and supervise compliance with laws and rules relating to regulating and controlling event wagering in this state. B. The department may adopt rules in accordance with this chapter and title 41, chapter 6. C. The department shall evalua…

A. Event wagering may be conducted only to the extent that it is conducted in accordance with this chapter. A person may not offer any activity in connection with event wagering in this state unless all necessary licenses have been obtained in accordance with federal and state la…

A. The department may issue not more than ten event wagering operator licenses to applicants other than an Indian tribe. The department may issue not more than ten event wagering operator licenses to Indian tribes in this state if the Indian tribe receiving a license has signed t…

A. On receipt of a completed application and the required fee, the department shall conduct the necessary background investigation to ensure the applicant is qualified for licensure. On completion of the necessary background investigation, the department shall either issue a lice…

A. The department may revoke, suspend or deny a license when an applicant or licensee meets any of the following criteria: 1. Violates, fails or refuses to comply with the provisions, requirements, conditions, limitations or duties imposed by this chapter and other laws and rules…

A. An event wagering operator may partner with a racetrack enclosure or additional wagering facility that holds a permit that is issued by the division of racing to obtain a limited event wagering license for event wagering only at one specific physical location. On application, …

A. The department may issue a supplier license to a person that manufactures, distributes, sells or leases event wagering equipment, systems or other gaming items to conduct event wagering and offers services related to the equipment or other gaming items and data to an event wag…

A. An event wagering operator may contract with an entity to conduct event wagering in accordance with the rules of the department and this chapter. The entity shall obtain a license from the department as a management services provider pursuant to this chapter and any rules adop…

A. The department shall establish and collect fees for applications, initial licenses and renewals of the following: 1. Event wagering operator licenses. 2. Limited event wagering operator licenses. 3. Management services provider licenses. 4. Supplier licenses. B. If actual cost…

A. The following persons or their immediate family members may not apply for or obtain a license under this chapter: 1. An employee of the department. 2. An employee of any professional sports team. 3. A coach of or player for a collegiate, professional or olympic sports team or …

A. On or before September 30 of each year, the department shall prepare and submit an annual report to the governor, the president of the senate and the speaker of the house of representatives, and shall provide a copy to the secretary of state that contains the following informa…

A. The department shall establish: 1. The amount of a bond in escrow and the amount of cash that must be kept on hand to ensure that adequate reserves exist for payouts. 2. Any insurance requirements for a licensee. 3. Minimum requirements by which each licensee must exercise eff…

A. Notwithstanding any other law relating to wagering except for title 5, chapter 1 and title 13, chapter 33, the operation of event wagering is lawful only if the event wagering is conducted in accordance with this chapter and any other relevant laws and rules. B. Notwithstandin…

A. A person may not wager on any of the following: 1. Injuries, penalties and other types or forms of event wagering under this chapter that are contrary to law. 2. Individual actions, events, occurrences or nonoccurrences to be determined during a collegiate sports event, includ…

A. All licensees under this chapter shall immediately report to the department and the relevant sports governing body that has requested to receive it any information relating to any of the following: 1. Abnormal betting activity or patterns that may indicate a concern with the i…

This chapter does not prohibit a sports governing body on whose events the department has authorized wagering from entering into agreements with licensees in which the sports governing body may share in the amount bet from sports wagering on the events of the sports governing bod…

A. The department shall establish a fee for the privilege of operating event wagering. In determining the fee, the department shall consider the highest percentage of revenue share that an Indian tribe pays to this state pursuant to the tribal-state gaming compact. The fee may no…

On or before July 1 of each year, a licensed event wagering operator and management services provider shall contract with a certified public accountant to perform an independent audit, in accordance with generally accepted accounting principles published by the American institute…

A. A licensee shall develop a procedure to inform players that help is available if a person has a problem with gambling and, at a minimum, provide the statewide toll-free helpline telephone number, text message and website information established by the department. B. The depart…