Some statistics about gambling in Ireland

Numbers, they say, do not lie. They have served as the driving forces behind breakthroughs in different spheres of life. They always give the right predictions and show us the true reality whenever we apply the proper formulas to them.

Gambling is one of those aspects of life that deals with numbers. Even the random outcomes that decide winning or losing is calculated. Today, we will be discussing the reality of gambling in Ireland. We will be using numbers to ascertain this. Read on to find out more.

The Economic Statistics About Gambling in Ireland

Ireland is fast becoming a modern tourist destination center. This has affected a lot of things including gambling. You should know that gambling in Ireland is not exactly direct. Despite the various laws, running of casinos is still prohibited. However, this law only applies to casinos that operate a "strictly casino” business. On the other hand, it now permits private clubs to make slot machines and betting tables available for its customers. This type of casinos are called "private casinos.” And this has led to the establishment of about twelve private casinos across the country.

In 2015, the Irish law legalized online casinos and other betting websites. However, they have to follow the required procedures and obtain a license of operations. This law applies to both Irish based betting companies and foreign betting companies. In addition, horse and dog racing is the most popular betting market for Ireland. There are over 25 racing courses across the country and the government had issued over 32 licenses for gaming machines every year. It now collects 2% of tax from gambling operators.

The gambling industry is rated to produce about 11 billion euros per year. Private casinos will generate sixty-five million euros, gaming machines will generate 134 million euros, lotteries; 310 million and land-based casinos will generate 315 million euros. As for bingos, they are estimated to generate 8 million euros. Online gambling is one of the major drivers of the Irish gambling industry. It is estimated to be worth 220 million. However, it is still very difficult to actually gage the revenue online casinos and betting websites will generate.

Betting duty has increased from 15% to 20%. This could see the gambling industry generate extra 40 million euros. Majority of gambling revenue (77%) will come from online gambling.

The Social Statistics About Gambling in Ireland

Gambling addiction has increased by 6.5% in 2016. As at that time, over forty thousand Irish people are addicted to gambling. Of the 40,000 gambling addicts in Ireland, 4.8% are men and 0.2% are women between the ages of 18 and 34. According to RSVP Live, more women are becoming addicted to gambling but are ashamed to speak out.

Furthermore, it was discovered that Irish women started engaging in gambling during the Covid-19 as a means of coping with the lockdown stress. 2% of the Irish people bet regularly while place bets every week. Gambling affects teenagers twice the rate it affects adults. 7% of gamblers are at risk of developing a gambling problem. However, only 1% of gamblers have a gambling addiction.

The Fancy Statistics About Gambling in Ireland

Two out of three Irish people have gambled in the last twelve months. Scratch cards and lotteries are the most common forms of gambling. Betting shops have reduced from 1,365 in 2008 to 948 in 2015 due to the influx of online casinos and betting shops.

According to Bet in Ireland, you cannot use your credit card to play at an online casino in Ireland or Northern Ireland as it is banned by the UK gambling commission.

There are many more stats about gambling in Ireland, but we will leave it at this today.