Ireland have been heavily influenced by their stronger neighbors from Great Britain for a long time. In general, in spite of the desire of the Irish to look independent and unique, the entire cultural and political life is permeated by the close proximity with the British nation. As a result, the Irish had a substantial desire for gambling, which was tried to be controlled during many centuries. But the government and the catholic church did not achieve anything.
In Ireland, gambling is actually permitted, but not formally, it is not fully regulated by the state. This is clear fact that, for example, casinos on the Green Island are prohibited, but if the owner of an entertainment club or a drinking establishment installs machines and roulette tables, this will not be considered as a breaking the law.
Such an uncertain situation is not very convenient for gambling operators. They require the adoption of a final law on state regulation of the industry. The draft law was created in 2013, but so far it has not become a full-fledged act. Local business is even ready to give up some of its privileges for the sake of legal protection by the state.
The Best Irish Betting Sites
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|★ ★ ★ ★||William Hill||Very well-known and reputable.|
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Recommended Irish Betting sites for 2020
William Hill has a substantial popularity in Ireland. This betting company was created in 1934 in Great Britain by William Hill. In that time gambling was forbidden. Right now this betting web-site has license and works legally. The interface of the site does not look like high-tech one, but it may be convenient for a significant quantity of people.
Bet365 is completely simple to navigate. Right now this is so popular at many countries and, as a great advantage, this is legal in Ireland. Moreover, Bet365 offers you a wide line of many types of sports with various bets.
Betway is a kind of compromise option. This betting site is not a kind of special one, but it may attract beginner bettor, due to the fact that the interface is so simple use. Also it will offer some incredible bonuses: €30 as a free bet and $200 as a welcome bonus.
888sport is highly safe, since it has worked for many years and has a big audience. 888sport offers Irish people all the types of sport they like and even more. Also betting company provides you with a pleasant welcome bonus.
MansionBet is regulated and licensed by the Irish law, then you may bet on this web-site without any doubts. Pleasant coefficients, welcome bonus and convenient navigation of the web-site are important advantages of this betting company.
Betting in Ireland
Sports betting is very popular in Ireland. With a population of less than five million people, gambling revenues are even more that one billion euros, where one-third are bookmakers. In proportion to betting companies, the lottery shows a high yield. If we talk about the funds involved in the gaming industry, then this is almost six billion euros.
At the same time, the lottery remains the most popular gambling among local population. Nearly half of the country’s adult population buys lottery tickets — an admirable business example. More than one out of five direct to betting companies, but the profitability of this industry, as mentioned earlier, is much higher. So, bookmakers take not by quantity, but by quality.
The Irish put mostly on football, cricket, rugby, dog and horse racing. Since 2015, bookmakers have been legally allowed to accept online bets. The growth of this gambling sector in the next two to three years is projected to grow at least twice.
At the same time, the Irish authorities have nothing against foreign bookmakers, although they, like local betting companies, have to be licensed.
Real betting offices
Just recently ground-based offices were considered the most profitable enterprises in the Irish gaming sector. One and a half thousand bookmakers developed in the 2000s on the Green Island, that is, one company for every three thousand people – few countries can boast such a density of coverage. But the development of online betting has dealt a heavy blow to ground offices. From 2012-13, their number began to decrease markedly, since many of their owners diversified their efforts into the online sector. Already in 2014, the number of ground offices crossed the mark of a thousand and continues to fall.
Irish Betting Taxation
Irish bookmakers are so lucky with taxes. Only one percent of each bet, in the UK it is 15%. On the other hand, a license is not cheap – about 250 thousand euros annually. Although if the office does not receive high incomes, licensing fees to the budget can be much more modest. Thus, the state collects a progressive tax from betting web-sites. Despite the high cost of the license, several dozens of them are issued each year.
The future of Irish betting
Considering the huge demand for gambling services in Ireland, the market will still show growth. We should expect the adoption of a law that will finally resolve all controversial issues that arose during the rampant development of the gambling industry in the new century. It is possible that the tax on bookmakers will be higher than the current one, because before our eyes the successful development of betting in other European countries with a significantly higher tax load.