Oireachtas Joint and Select Committees

Thursday, 4 May 2023

Public Accounts Committee

Appropriation Accounts 2021
Vote 30 - Agriculture, Food and the Marine
Department of Agriculture, Food and the Marine - 2021 Financial Statements
Fishery Harbour Centres

9:30 am

Ms Caroline Ball:

There is some information provided by HRI on this. As the Secretary General said, in other major racing jurisdictions horse racing is funded by government both directly and indirectly. I have some statistics for some countries. In France, betting returns from the state-owned tote guarantees that 8% of turnover goes towards funding the French racing industry. That amounts to around €400 million in government support per annum. In Britain, racing is funded by a government levy on betting. In the US, it differs from state to state, but generally the state-owned totes, supplemented by casino revenue, fund racing. In Hong Kong, the state-owned tote commits 3.2% of turnover to racing. That figure is in excess of €800 million per annum. Those are just some of the statistics.

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