Founded in April 2005, the IBA is the largest representative body of the bookmaking industry in Ireland. Its membership includes over 730 of the 765 betting shops left in Ireland.
The Irish Bookmakers Association has a broad-based membership in that it represents International operators (Boylesports, Entain & Flutter) and a strong mix of independent operators (BarOne Racing, Foxes Betting, Sean Graham, TrackSports & more).
The betting industry pays a 2% tax on Turnover, in addition to all the other business taxes they pay. This Turnover tax is penal, as it is applied to Turnover in a high turnover business and takes no account of profit or loss. The betting duty would be one of the main causes of the 620 shops that have closed and the 3000+ jobs that have been lost.
It is an additional tax/levy that no other businesses have to pay.
Betting Shop numbers in Ireland since 2008, and closures now continue due to 100% increase in betting tax
On average it is estimated that each office employs five/six people on a full-time or part-time basis. This translates into total employment of around 6,500 full-time or part-time jobs between shops and head offices. This is equivalent to almost 0.3% of total employment in the economy, and 0.6% of total private service sector employment. Source Jim Power M.Econ.Sc
Our sector generates a significant overall tax revenue for the exchequer:
- Total Betting tax collected €100m+
- Total PAYE/PRSI paid by betting shops €18m
- Total VAT €12m
- Total Rates €3m
- Corporation Tax €4m
Total Taxation contribution from the Irish Retail betting sector: €137,000,000.
We urgently call for a review of the betting tax and for the introduction of the Gambling Controll Bill.