The 2013 audited annual report and accounts of Bord na gCon are at present with my Department for consideration and will shortly be presented to Government for noting. The annual report and accounts will then be laid before both Houses of the Oireachtas prior to their publication by Bord na gCon. In 2015 the allocation to Bord na gCon was increased by €2.8m to €13.6m, to restore funding to an important sector that makes a significant contribution to the economy in terms of employment, exports and tourism. This increase in funding is linked to the extension of the betting tax in 2015 to online betting and betting exchanges which is scheduled to take effect later this year.
The extra allocation to Bord na gCon may be expended on prizemoney, operational grants to private tracks, regulatory and administrative functions, and also to address its pension liability.