Horse racing industry to be boosted by online betting tax, says Smith
The changes being introduced in the Finance Bill come following an appeal to the department by Horse Racing Ireland (HRI) chief executive Brian Kavanagh, who noted that the Horse and Greyhound Racing Fund has been drastically reduced in recent years.
Decimated by duties lost to online betting, as well as by the reduction of the betting levy to 1%, the sector reacted positively to the new measure, introduced at the Irish Thoroughbred Breeders Association Annual Breeding and Racing Awards.
