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AR SB498
Bill
Status
4/25/2019
Primary Sponsor
Mark Johnson
Click for details
AI Summary
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Asserts the General Assembly's authority to amend constitutional amendments (including Amendment 100) by two-thirds vote under Arkansas Constitution Article 5, § 1, and expresses belief the Supreme Court will overturn prior precedent limiting this power
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Amends casino gaming definitions to allow acceptance of wagers on sporting events occurring outside Arkansas that do not involve amateur athletes
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Modifies casino licensing procedures including increasing application fees to $250,000, renewal fees to $100,000, and requiring casino license transfers only to parties with casino gaming experience
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Changes net casino gaming receipts tax distribution by reducing the Racing Commission/Purse Fund allocation from 17.5% to 7.5% and increasing compulsive gambling disorder funding from $200,000 to $800,000 annually
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Removes language requiring dedication of casino gaming receipts to purses be subject to contracts with horsemen or greyhound owner organizations, and declares the act effective immediately as an emergency measure
Legislative Description
To Amend The Provisions Of The Arkansas Casino Gaming Amendment Of 2018; Amending Arkansas Constitution, Amendment 100; And To Declare An Emergency.
Last Action
Sine Die adjournment
4/25/2019