Betting tax rise under consideration for budget

Betting tax rise under consideration for budget
Leopardstown Racecourse in Dublin, a favourite of punters Picture: Inpho

Equine industry backs idea, but bookies don’t

A betting tax rise is under consideration in the budget, according to Minister for Agriculture Michael Creed.

The horse racing industry has been lobbying for the betting duty to rise from 1 per cent to 2.5 per cent, so that state funding for the sector can be guaranteed each year.

But the move is being opposed by bookmakers such as Paddy Power Betfair and the Irish Bookmakers Association who argue that it will lead to job losses...

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