Dáil debates
Tuesday, 3 March 2009
Irish Horseracing Industry.
3:00 pm
Olivia Mitchell (Dublin South, Fine Gael)
I suspect there will be a revenue shortfall. Will the Government make up the shortfall or will the industry only receive what arises from the increase in taxation?
The sector is suggesting we should capture some of the revenue spent on Internet betting. The William Hill chain is closing its shops, although this might not be a great loss, but even Paddy Power is saying that three quarters of its profits come from online betting and telephone betting. There is much revenue to be captured. Has any progress been made on devising a way to capture some of the benefit of this expenditure by people?
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