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€800m bet online

The Irish online and telephone betting market is worth just under €800m annually.

A report carried out by PricewaterhouseCoopers values online and telephone betting in this country at €797m annually.

However, bookies have said that estimates that Irish people place bets worth €1.7bn online are wide of the mark. Online and telephone, non-retail bets are not subject to the 1pc tax which is liable to be paid in bookies' shops.

The horse racing industry wants it expanded to cover the non-retail business generated by bookmakers to counter cuts in State funding.