Ireland: Minister Martin's Office Responds to Betting Levy Increase Inquiry

Minister Martin's office confirmed the 2% betting levy for 2024 and welcomed Finance Minister McGrath's interest in using taxes to support sports growth.

In an exclusive response to Gambling.Re, Minister Martin's Office addressed inquiries regarding the proposed increase in the betting tax levy. The response sheds light on the government's stance and future plans in the realm of gambling reforms and sports sector funding.

Minister Martin's Office confirmed that the betting levy will remain at 2 percent for the year 2024. However, a key point was highlighted, emphasizing the comments made by Minister for Finance, Michael McGrath T.D., during the Budget speech. Minister McGrath expressed an intention to examine how the tax system could be leveraged to support sports organizations, specifically in upgrading existing facilities or developing new ones.

Importantly, the response emphasizes Minister Catherine Martin's welcoming stance toward any taxation measures that Minister McGrath may propose to support the longer-term growth of the sports sector. This exclusive insight provides readers with a unique perspective on the government's strategy regarding gambling-related tax policies and ongoing efforts to bolster the sports infrastructure. Stay informed as the situation continues to unfold.