Oireachtas Joint and Select Committees

Wednesday, 28 March 2018

Joint Oireachtas Committee on Transport, Tourism and Sport

Sports Capital Programme: Discussion

1:30 pm

Mr. Richard Fahey:

The 1% levy is being collected at the moment from high street bookies but also from online companies. It has led to a huge growth in the amount being bet. In one respect, it is a problem in terms of how it has become all pervasive, but something must be given back to the sports they make their money from. While bookies provide some sponsorship, our sport has taken the view that we would not have a betting company as a sponsor or an alcohol company. They are not appropriate for the sport we have. We have taken away, therefore, a potential source of finance. We do not have that many sponsors. It is a challenge for us. The money is being collected from online companies as I understand it, however. Interestingly, we have perhaps the lowest betting tax in Europe. It is 2.5% in the UK and 15% in France. In Australia, it is 7% or 8%. As such, there is plenty of scope there.

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