Oireachtas Joint and Select Committees
Tuesday, 21 January 2014
Select Committee on Agriculture, Food and the Marine
Estimates for Public Services 2014
Vote 30 - Department of Agriculture, Food and the Marine (Revised)
2:35 pm
Simon Coveney (Cork South Central, Fine Gael)
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Let me answer the question. That revenue goes into the Department of Finance and does not get allocated automatically to my Department. We still must make decisions on the Horse and Greyhound Fund which are consistent with our overall expenditure ceiling and budget. If there is a good income stream coming into the Exchequer general from betting revenue which is dominated by the horse and greyhound sectors, it helps me make a case for the Horse and Greyhound Fund.
I can send the exact figures to Deputy Ó Cuív. By extending the betting tax to online and remote betting, we hope to increase the yield by €11 million. I think the figure is €23 million or €24 million.