The gambling industry in Ireland wants to put under the control of an independent regulatory body. The Ministry of Justice proposes to create an independent statutory body to control all gambling and stakes in the country.
The new regulator would be responsible for overseeing gambling advertising, sports sponsorship, conducting research into gambling activity and controlling a fund to provide treatment for problem gamblers.
The Gambling Control Bill is a 90-page document covering numerous aspects around the gambling sector, including the restrictions on gambling advertising. The 2013 Bill also recommended a regulator for the sector be established within the Department of Justice – however, this will now be amended.
Ireland approved a new online sports betting tax scheme a few years ago, requiring all Irish-facing operators to secure local licenses and pay 1% tax on betting turnover derived from Irish punters. In December, the government shelved plans to double this tax based on industry concerns that their operations would no longer be viableFollow us on