Irish Minister Supports a Proposed 3% Increase in Betting Levy

Listen to this news articleLISTEN TO THIS ARTICLE:

Catherine Martin, the Minister for Sport in Ireland, has thrown her weight behind the recent proposal to raise the betting levy in the country to increase the funding sport in the country receives.

Speaking in the Dáil, the Irish Parliament, the Labour TD Aodhán Ó Ríordáin outlined a proposal to increase the betting levy in the country by 3% which could be used in part to help fund football facilities.

Former Irish Internationals, like Niall Quinn and Paddy Mulligan, were present at the debate in the Irish Parliament and the proposed increase in the betting levy could be included in the budget of 2024.

But I would of course support any measures such as an increase in the betting levy, which could in turn feed to increase funding for sport more generally,

Catherine MartinMinister for Sport for Ireland

Betting Levy to Be Included in the Government Contribution

During the debate, the investment strategy of the Football Association of Ireland (FAI) was presented, and the association is seeking €863 million over 15 years to fund football facilities. The plan includes 20% to be met by each of the Local Authorities and the FAI itself.

The other 60% would be met by the Irish government which equates to €517 million. The 3% betting levy increase would make up a significant proportion of the planned government funding.

Betting Levy Not Ringfenced

One of the issues discussed in the proposed increase in the gambling levy is that these funds would be added to exchequer funds and not earmarked specifically for sporting programs.

It would be more advantageous to sports in Ireland if all the revenue raised by any potential increase in the betting levy was used to fund improvements in grassroots sports in the country.

More Regulation News


Leave a Comment

user avatar
My Name United States of America
Your Comment

User Comments

Comments for Irish Minister Supports a Proposed 3% Increase in Betting Levy