AZ HB2855

Caps fantasy sports contest operator fees at 10 percent of adjusted revenues, with operators reporting and paying monthly by the 25th of each month.

Requires the Department of Gaming to transfer excess fantasy sports contest fund revenues to the state general fund at fiscal year end, with the department retaining only 10 percent for regulatory costs.

Repeals one version of section 5-1318 and amends another version regarding event wagering fees, capping those fees at 10 percent of adjusted gross event wagering receipts.

Requires 90 percent of monthly event wagering fund deposits to be transferred to the state general fund by the 25th of each month, with the department retaining 10 percent for regulatory costs.

Authorizes the Department of Gaming to collect a regulatory assessment of 0.5 percent from commercial racing permittees in fiscal year 2022-2023, deducted from pari-mutuel pools in addition to existing authorized deductions.