This chapter does not prohibit a sports governing body on whose events the department has authorized wagering from entering into agreements with licensees in which the sports governing body may share in the amount bet from sports wagering on the events of the sports governing body. A sports governing body is not required to obtain a license or any other approval from the department to lawfully accept such amounts.
A.R.S. § 5-1317
Sports governing body agreements
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.