2019_47_trustly.gif
2019_47_trustly.gif
2019_47_trustly.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2019 AffiliateCon
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
DISCUSS THIS ARTICLE
44_2019_ganapati.gif
GI FRIDAY: WEEKLY NEWSLETTER
THE GI HUDDLE PODCAST
NEW! #006 - LISTEN NOW
Gaming Industry Conferences (22:37)
#005 - LISTEN NOW
The role of gambling media (27:11)
#004 - LISTEN NOW
What is the role of a Gambling regulator? (29:09)
#003
The Future of Gambling Sponsorship in Sport (30:50)
ANALYSIS
MUST READ
IN-DEPTH 15 November 2019
The customer is always right
READ MORE
PREMIUM CONNECTIONS