Arthur Morgan
Question:223 Deputy Arthur Morgan asked the Minister for Finance the amount that would have been raised in the past year if on-course betting was taxed. [36885/09]
View answerTuesday, 20 October 2009
Questions (136)
Written answers
It is assumed that the question relates to the application of betting duty to bets placed with on-course bookmakers at horse and greyhound race meetings. Based on an estimate of around €230 million of bets having been placed with on-course bookmakers at race meetings over the year to 31 August 2009, it is estimated that applying the 1% betting duty to such bets would have yielded the Exchequer approximately €2.3 million.
The on-course duty was reduced to zero in 1999 in the context of the reduction in the off-course duty at that time and the importance of supporting attendances at race meetings.
Question No. 224 answered with Question No. 221.