Irish betting duty was halved from 10% to 5% last year, thereby
undercutting the UK’s 9% rate. By placing bets offshore, UK punters
can avoid paying betting duty altogether.
In addition to traditional bookmaker services, the site will
also allow people in the UK to place bets on National Lottery
numbers, something which British bookmakers are not allowed to
offer.
In 1999 Paddy Power turned over in excess of IR£210 million. The
company was founded by Stuart Kenny in 1988. It was the first major
Irish bookmaker to venture into on-line betting.
