Financial Resolution No. 8 provides for an increase from 1% to 2% in the rate of betting duty, with effect from 1 January 2009. Betting duty is charged on bets, other than on-course bets, placed with a bookmaker. Bets placed with the tote are exempt. The increase in the rate of betting duty is expected to yield approximately €30 million in 2009 and €40 million in full year.

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