'Shop closures and job losses' - Irish Bookmakers Association concerned about proposed betting duty increase

Paddy Power: founded in 1988, by the merger of the 40 shops of three Irish bookmakers Stewart Kenny, David Power and John Corcoran

Irish betting shops could be under threat

A hike in betting duty will have a damaging impact on Irish racing, trigger further betting shop closures plus "unnecessary" job losses, and lead to more illegal bookmaking according to the body representing off-course firms.

The Irish Bookmakers Association (IBA) has aired its concern at a proposal by the influential Tax Strategy Group (TSG) for a 0.5 per cent increase in betting duty for retail and online operators.

Betting duty in Ireland is applied as a turnover-based tax. The rate was increased from one to two per cent in 2019.

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Conor FennellyReporter and emerging talent award winner

Published on 1 August 2023inIreland

Last updated 09:00, 1 August 2023

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