AZ SB1126

Establishes the equine economic improvement fund to receive deposits from fantasy sports contests and event wagering, to be administered by the department.

Requires annual distribution of $25,000 from the equine economic improvement fund to the retired racehorse adoption fund, with remaining monies distributed to a recognized nonprofit horsemen's organization representing horsemen since 1988.

Directs 5 percent of annual fantasy sports contest fund revenue to be transferred to the Arizona breeders' award fund and Arizona stallion award fund respectively, and 5 percent to the equine economic improvement fund.

Allocates 10 percent of monthly event wagering fund revenue to the equine economic improvement fund and 5 percent to the Arizona breeders' award fund, with 75 percent transferred to the state general fund.

Exempts the equine economic improvement fund from lapsing appropriations provisions, allowing monies to remain in the fund across fiscal years.