- Land-based gambling (other than casino gaming) in Ireland was valued at €1.7 billion Gross Gaming Revenue (total amount gambled net of winnings paid out) in 2007. Gross Gaming Revenue (GGR) is the equivalent of Gross Profit in other business sectors.
- Land based casino gaming constitutes approx. 1.5% of the entire gambling industry in Ireland, generating a GGR of approx. 26 million Euro in 2007.
- The sector currently directly employs approximately 500 people.
Profile of Gambling Industry in Ireland
Casino Land-based gaming- looking forward:
In a properly regulated environment one could expect:
- Casino gaming could grow from 1.5% to approximately 9% of the gambling industry to achieve €157m GGR per annum. This could increase 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.