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…

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 license as a fantasy sports contest operator or to approve any…

B. An individual may offer one or more fantasy sports contests if all of the following apply: 1. The fantasy sports contests are not made available to the general public. 2. Each of the fantasy sports contests is limited to not more than fifteen total fantasy sports contest playe…

1. Has been convicted of any gaming offense. 2. Has been convicted of a felony in the seven years before submission of the employment application unless that felony has been set aside. 3. Has ever been convicted of a felony related to extortion, burglary, larceny, bribery, embezz…

[Repealed or reserved.]

B. A licensed fantasy sports contest operator may not do any of the following: 1. Allow the use of a script that provides a fantasy sports contest player with an unfair competitive advantage. A script made readily available to all fantasy sports contest players does not provide a…

B. The department and the fantasy sports contest operator shall comply with the following requirements to allow problem gamblers to voluntarily exclude themselves from fantasy sports contests statewide: 1. The department shall establish a list of persons who acknowledge, in a man…

1. Require a fantasy sports contest operator to implement commercially reasonable procedures to prohibit access to both of the following: (a) Individuals who request to restrict themselves from playing fantasy sports contests. (b) Individuals who are under twenty-one years of age…

B. A licensed fantasy sports contest operator shall retain and maintain in a place secure from theft, loss or destruction all of the records required to be maintained under this chapter and the rules adopted under this chapter for at least three years after the date the record is…

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 occurs on any fantasy sports contest platform operated by any such person or over which the person has substantial control…

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…

B. The fee established pursuant to subsection A of this section is due and payable to the department by the twenty-fifth day of each month and shall be based on monthly fantasy sports contest adjusted revenue derived during the previous month. C. The department shall deposit, pur…

B. On notice from the department, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund. C. The department may spend not more than ten percent of monies on the department's ann…

B. The department shall notify the director of the Arizona legislative council in writing of the date on which the condition was met.

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 adjusted gross event wagering receipts equal to the value of …

B. The department may adopt rules in accordance with this chapter and title 41, chapter 6. C. The department shall evaluate all applicants to determine suitability for issuing all event wagering operator licenses, limited event wagering operator licenses, supplier licenses and ma…

B. A wager placed by a participant in this state and received by an event wagering operator or its management services provider in this state is considered to be gambling or gaming that is conducted in this state. C. A law that is inconsistent with this chapter does not apply to …

1. An owner of an Arizona professional sports team or franchise, operator of a sports facility that hosts an annual tournament on the PGA tour, promoter of a national association for stock car auto racing national touring race conducted in this state or the owner's, operator's or…

B. The department may conduct additional background investigations of any person required to be licensed at any time while the license remains valid. The issuance of a license does not create or imply a right of employment or continued employment. The event wagering operator or l…

1. Violates, fails or refuses to comply with the provisions, requirements, conditions, limitations or duties imposed by this chapter and other laws and rules, or if any such violation has occurred on any event wagering system operated by any such person or over which the person h…

B. An entity seeking a limited event wagering license shall provide the following information to the department in its application: 1. A copy of its current approval by the division of racing to conduct racing meetings or approval as an additional wagering facility. 2. A letter f…

B. The department may adopt rules that establish additional requirements for a supplier and any system or other equipment used for event wagering. C. An applicant for a supplier license shall demonstrate that the equipment, system or services that the applicant plans to offer to …

B. Each applicant for a management services provider license shall meet all requirements for licensure and pay a nonrefundable license and application fee as prescribed by section 5-1310. The department may adopt rules establishing additional requirements for a management service…

1. Event wagering operator licenses. 2. Limited event wagering operator licenses. 3. Management services provider licenses. 4. Supplier licenses. B. If actual costs incurred by the department to investigate the background of an applicant exceed the fees pursuant to subsection A o…

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 sport. 4. An individual who has been convicted of a crime related to sports or event wagering on a sports event or ot…

1. The number of active licensees by type. 2. The aggregate gross and net revenue of all licensees. 3. The number of investigations conducted to enforce this chapter. 4. The financial impact on this state of the event wagering industry in this state. B. The report may be included…

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 effective control over its internal fi…

B. Notwithstanding section 5-112, wagers on racing meetings or simulcasted races may be made, offered or received through the means that other wagers allowed by this chapter are made, offered or received unless otherwise prohibited by federal law. C. Each event wagering operator …

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, including on the performance or nonperformance of a team …

1. Abnormal betting activity or patterns that may indicate a concern with the integrity of a sports event or events, or any other conduct that corrupts a betting outcome of a sports event or events for purposes of financial gain, including match fixing. 2. Any potential breach of…

[Repealed or reserved.]

B. The event wagering fund is established consisting of monies deposited pursuant to this chapter or from any other source. The department shall administer the fund. Except as otherwise provided in this chapter, the department shall deposit, pursuant to sections 35-146 and 35-147…

[Repealed or reserved.]

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…