The latest figures confirm a worrying trend for Ireland’s betting sector. The number of retail betting shops has fallen to just 721 across the country. This continuing decline reflects a fragile industry struggling under rising costs, regulatory changes, and, critically, the impact of an increased betting tax introduced in 2019.
Betting Tax Doubled in 2019
Since the doubling of the betting duty from 1% to 2%, Ireland has seen 138 betting shops close their doors. With a further 10 closures already recorded this year alone. These closures have directly resulted in over 700 job losses, many affecting rural towns and small communities where betting shops often serve as important adult social hubs and employers.
Further Shop Closures
Our own forecasts suggest that if the betting tax is increased further in the upcoming Budget 2026, we could face an additional 200 to 250 shop closures and a devastating 1,000 to 1,250 job losses. This is a scenario that threatens not only the livelihoods of thousands of workers but also the economic and social fabric of many towns across Ireland. The retail betting sector provides a substantial contribution to local economies. Employing over 6,000 people nationwide and generating over €170 million annually in taxes, including income tax, PRSI, VAT, and corporation tax.
Gambling Regulation Costs
The introduction of the Gambling Regulatory Authority of Ireland, while a positive step towards better regulation, brings with it substantial compliance costs. At this critical time of transition, it is essential that the Government provides stability rather than additional financial burdens on an already stretched sector. Increasing the betting tax will undoubtedly cause many more licensed operators to close. This risks accelerating the migration of customers to unregulated black-market operators. Such a shift undermines consumer protections and reduces tax compliance. Ultimately, it harms operators, consumers and the State.
Conclusion
In conclusion, we urge the Government to maintain the betting duty at its current 2% rate in Budget 2026. Doing so will protect jobs, support local communities, uphold consumer protections, and preserve vital tax revenues from a licensed sector that plays a key role in Ireland’s economy.
For more information or to discuss these issues, please contact the Irish Bookmakers Association.