Key Takeaways
- Amendment to Irish Gambling Act of 1931 creates a tax and licensing structure for online gambling.
- Taxes will be set at 1% of all bets in poker and 15% of gaming revenue for betting exchanges.
- No mention is made of poker critical issues, the Minister of Finance will be responsible for producing detailed regulations.
- The new law is likely to be implemented at the end of this year.
Ireland’s Minster of Finance Michael Noonan has put forward the Betting (Amendment) Bill for Cabinet approval. The bill is likely to become law at the earliest by the end of this year.
