Ireland’s government is slowly changing it’s gambling laws, but is still facing an uphill battle with many old laws taking much administration before they can be altered for the better. One of the biggest problems that Ireland is facing is the actual decreased revenue from the horse racing industry with falling attendance and under funding leading to a continual slow decline in revenue. This problem has actually mirrored the problem of the racing industry in the United States and it’s particular effects on online gambling.

Many in the racing industry of both the US and also Ireland blame online gambling as the main reason to why punters are no longer attending the race tack to place their bets. Instead they feel that traditional gamblers are now staying at home where bets are much easier to place. The solution to this, as suggested by the racing industry, is to actually tax online gambling companies more to help stimulate the racing economy. This has caused a few online gambling companies like William Hill and Ladbrokes to move out of the UK and to Gibraltar where taxes are more generous towards online casino operators.

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