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NEWS 9 October 2018
Betting tax to double in Ireland in 2019
By Matthew Enderby

Betting tax will rise to 2% from 1% in Ireland in 2019, with similar changes expected in the levy to betting charges.

Minister for Finance Paschal Donohoe announced the hike on Tuesday 9 October during his Budget 2019 speech.

He said: “In the area of betting, the Government’s priority has been to level the playing field by extending the tax to remote bookmakers and exchanges.

“This was achieved in 2015 and I believe it is timely to increase the tax from 1% to 2% on amounts wagered in the state. In addition, betting duty on the commission earned by intermediaries, or exchanges, will increase from 15% to 25%.”

Further details are anticipated but it is expected that bookmakers will be stopped from passing on the tax rise to punters. This will increase the difficulty of maintaining betting shops and online betting companies.

Minister Donohoe said that the increase will take full effect on 1 January and generate an additional €40m ($45.5m) in 2019.

RELATED TAGS: Online | Land-Based | Sports Betting
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IN-DEPTH 10 December 2018
Tackling the issue of UK self-exclusion

Harrison Sayers asks three industry executives about self-exclusion in UK gambling. Jack Symons, founder of Gamban, tells us why he saw it necessary to create his own self-exclusion software. Tracy Damestani, Chief Executive, National Casino Forum, explains how SENSE has long looked after those looking to avoid land-based casinos. Fiona Palmer, CEO of GAMSTOP, gives an update into the effectiveness of the UK’s National Online Self Exclusion Scheme.

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