- Land-based gambling in Ireland was valued at 1.7 billion Euro Gross Gaming Revenue (total amount gambled net of winnings paid out) in 2007, and is the equivalent of Gross Profit in other business sectors.
- Land-based gaming constitutes approx. 1.5% of the entire gambling industry in Ireland.
- The sector currently directly employs approimately 500 people.
Profile of Gambling Industry in Ireland
Land-based gambling – looking forward:
In a properly regulated environment one could expect:
- Land-based gambling to achieve €157m Gross Gaming Revenue (GGR) per annum, growing to €280m per annum by the year 2020.
- Employment to reach 2,000 growing to 3,600 in 2020.
- Exchequer revenues in the region €28m growing to €50m by the year 2020.
Casino Gaming GGR as % of GDP, 2007
The current legal and regulatory uncertainty prevents larger international operators from committing to setting up operations in Ireland. However, in a properly regulated environment, one could expect:
- The value of the global market is currently estimated at €44 Billion, growing to €150 Billion by 2020. By capturing 5% of this market, Ireland’s share could be worth €2.2 Billion, growing to €7.5 Billion by 2020.
- Employment in Ireland has the potential to grow from 5000 jobs to 10,000 jobs by 2020.
- Exchequer revenues in the region of €92m growing to €229m by 2020.