Horse Racing Ireland (HRI) is a commercial state body established under the Horse and Greyhound Racing Act, 2001, and is responsible for the overall administration, promotion and development of the horse racing industry. Similarly, Bord na gCon is a commercial state body, established under the Greyhound Industry Act, 1958 chiefly to control greyhound racing and to improve and develop the greyhound industry. Both bodies are corporate and separate legal entities to the Department of Agriculture, Food and the Marine.
Under Section 12 of the Horse and Greyhound Racing Act, 2001 (No.20 of 2001), the horse and greyhound racing industries receive financial support from the State through the Horse and Greyhound Racing Fund (the Fund).
Monies are paid out of the fund in the ratio of 80% to HRI and 20% to Bord na gCon as specified in Section 12 (6) of the Act.
The Fund allocation from 2010 to 2020 is as set out below.
2020 - €84 million
2019 - €84 million
2018 - €80 million
2017 - €80 million
2016 - €74 million
2015 - €68 million
2014 - €54.22 million
2013 - €55.02 million
2012 - €56.29 million
2011 - €57.29 million
2010 - €59.264 million