Trampled under foot: Can small bookies survive the betting tax hike?

Trampled under foot: Can small bookies survive the betting tax hike?
The runners and riders at the start of the Irish Grand National, one of the biggest fixtures on the betting calendar Pic: Maura Hickey/INPHO

Odds are that Paschal Donohoe’s move to raise the betting tax to 2 per cent of turnover will have independent operators falling out of the running

Minister for Finance Paschal Donohoe was told in no uncertain terms during “urgent meetings” requested by senior staff from Paddy Power Betfair and Boylesports earlier this month that his department had made a devastating miscalculation by increasing the betting tax.

Figures presented to the minister show the increase in betting tax from 1 per cent to 2 per cent has wreaked havoc on retail returns.

According to someone familiar with the meetings, this involved the companies opening...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription


For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription


For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription


For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post