Thursday May 28, 2020

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

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

Aaron Rogan

News Correspondent

@aarrogan
28th April, 2019
2
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

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...

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