Arizona SB1848 amends laws related to event wagering, unarmed combat, and fantasy sports contests.

Arizona SB1848 makes several amendments to existing statutes concerning event wagering, unarmed combat, and fantasy sports contests. It establishes an event wagering fund to collect fees from event wagering operators and mandates that 90% of these fees be deposited into the fund monthly. The bill also creates an unarmed combat subaccount within the event wagering fund for receiving license fees from boxing contests. It requires promoters of boxing contests to pay a fee based on gross receipts and mandates financial audits for licensed operators.

Arizona SB1848 amends laws related to event wagering, unarmed combat, and fantasy sports contests.

Arizona SB1848 makes several amendments to existing statutes concerning event wagering, unarmed combat, and fantasy sports contests. It establishes an event wagering fund to collect fees from event wagering operators and mandates that 90% of these fees be deposited into the fund monthly. The bill also creates an unarmed combat subaccount within the event wagering fund for receiving license fees from boxing contests. It requires promoters of boxing contests to pay a fee based on gross receipts and mandates financial audits for licensed operators.