Survey results for the Emerald Isle

New survey shows that the sector is worth Euro 800 million

Irish gambler eyes are smiling on Internet and telephone betting in the Emerald Isle, it appears from the latest survey published this week indicating that the sector is worth almost Euro 800 million annually.

Online and telephone, non-retail, bets placed by Irish punters are not subject to the 1 percent tax imposed on wagers placed in bookies’ shops and are the focus of a dispute between the betting and horse racing industries, reports the Irish Times.

A study by the professional business services group, PricewaterhouseCoopers (PWC), values online and telephone betting in Ireland at Euro 797 million annually.

The survey is backed by the country’s main bookmakers and is based on high-street majors such as Boyle Sports, Ladbrokes, William Hill and Paddy Power, and online specialists, Bet365 and Party Gaming, all of whom provided data for the survey.

Not included are figures from betting exchanges like Betfair, but it is estimated that turnover in these businesses is worth an additional Euro 114 million.

Referring to horse racing industry proposals to extend taxation and/or levies to online activities, Paddy Power chief executive Patrick Kennedy said the figures demonstrate that Horse Racing Ireland’s (HRI) estimate of the value of non-retail betting is seriously overestimated.

“The reality is that taxing telephone and internet will go nowhere near to providing the ‘self financing’ solution that HRI has been advocating,” he said, adding that a 1 percent betting levy on all sports would yield just Euro 6.7 million.

HRI chief executive Brian Kavanagh said he had not seen the report, but that he welcomed its publication as a further contribution to the debate. “It shows that online and telephone betting, excluding the exchanges and other elements, is approaching Euro 1 billion,” he added.

Live activity feed

Swipe left or right to see more

lcb activities in the last 24 hours

  • 42
    new members
  • 599
    members online
  • 19906
    guests online
  • 142
    new posts
  • 5670
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results