Pearse Doherty
Question:47. Deputy Pearse Doherty asked the Minister for Finance the revenue that could be raised for the State from introducing a 5% on course betting tax. [42115/12]
View answerWednesday, 3 October 2012
Questions (47)
Written answers
Based on an estimate of around €170 million of bets having been placed with on-course bookmakers at race meetings in 2011, it is estimated that applying the 5% betting duty to such bets would yield the Exchequer approximately €8.5 million. However, this is a straight line calculation and does not take account of the impact of such a duty on betting activity, attendance at race meetings or any other variables.