Dáil Éireann Debate, Tuesday - 9 June 2020
52. Deputy Niall Collins asked the Minister for Finance the amount of tax deducted from wagering at bookmaker offices here on greyhound and horse racing in 2019; and the estimated loss of revenue from this source in 2020 arising from the closure of horse and greyhound racetracks due to Covid-19. [9701/20]
View answerI am advised by Revenue that the 2019 receipts from Traditional Betting (in store), Remote Betting (online) and Betting Intermediary Duty on Commissions are shown in the following table.
|
Traditional Betting |
Remote Betting |
Betting Intermediary Commissions |
Total |
||
|
€m |
€m |
€m |
€m |
||
|
2019 |
51.9 |
40.6 |
2.5 |
95.0 |
A breakdown by type of wager (greyhound racing, horse racing, etc.) is not available as this type of information is not included in Betting Duty returns. While records of the full particulars of bets must be kept by bookmakers for inspection, they are not required to include the details of the different types of sporting or other events which give rise to the liability to Betting Duty on their return to Revenue.
The Betting Duty forecast for 2020 has been revised downwards to €60 million due to COVID-19, which is €35 million lower than the receipts in 2019.
