Ep 2630: Mags Scragged, Football v Racing - 08/05/23
The Second Captains Podcast
00:00
The Economic Impact of Horse Racing in Ireland
A 1% betting tax on all bets placed by Irish ponders feeds into the fund which in 2016 paid $60 million to HRI and is included in core industry expenditure. Horse racing provides 29,500 jobs and it returns 30 euro to the state for every one euro invested. It's not a strict process of ring fencing but as part of the policy picture that supports the investment of these sectors. So they're not linked but this money just happens to pay for it.
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