Connect with us

EMEA

Sports organizations in Ireland are still raising concerns about the distribution of taxes collected from betting

Published

on


In 2021, Minister for Sport Thomas Byrne stated that various sporting organizations in Ireland had submitted proposals for a more just distribution of betting taxes. Nevertheless, discussions with the Ministry of Finance at that time had dismissed these proposals.

Minister for Sport Thomas Byrne was questioned in writing by Social Democrats TD Catherine Murphy about the distribution of betting tax revenue in Ireland, as well as Minister for Finance Michael McGrath about the Horse and Greyhound Fund and its funding.

The Football Association of Ireland has suggested that the area be reviewed. The government clarified that income from betting tax is not specifically allocated to support the Horse and Greyhound Fund, which has received €1.5bn in funding for sports organizations between 2001 and 2021.

Minister McGrath stated that the betting tax revenue goes directly to the Exchequer and is not distributed to any organization. The allocation of funds, including those for the Horse and Greyhound Fund, is determined through the annual estimates process and is the responsibility of the Minister for Public Expenditure, NDP Delivery and Reform, and the Minister for Agriculture, Food and the Marine.

Advertisement

Brendan Gleeson, the secretary general of the Department for Agriculture, echoed McGrath’s statement, stating that the Horse and Greyhound Fund’s allocated sum is partially covered by the betting tax, although it is not strictly hypothecated.

Byrne noted that the FAI was not the only organization that proposed a fairer distribution of the betting tax levy. He mentioned that numerous sporting organizations have made such proposals in recent years to partially fund the drive to increase sports participation. In late 2021, Byrne’s department discussed these proposals with the Department of Finance, which advised that betting duties revenue goes into general Exchequer funds, rather than being ring-fenced for specific purposes.

Byrne further stated that funding for sports has significantly increased during this government’s term and that they are on track to double the overall level of funding from €111m to €220m by 2027.

According to McGrath, the betting tax generated €98.9m in revenue in 2022, and 2023 revenue is expected to be similar. Remote operators were included in the tax in 2015.

Advertisement

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at: sales@gamingo.news

For editorial or PR submissions, contact: media@gamingo.news

Copyright © 2024 Gamingo.News.