How Does Gambling Impact the Economy of Ireland? – TheLiberal.ie – Our News, Your Views

How Does Gambling Impact the Economy of Ireland?




They say that there are two guarantees in life: death and taxes. Unfortunately, you can be sure that before reaching the former you are definitely going to pay a lot of the latter. It is just a reality of life.

It is also a reality that governments are always looking for new sources of revenue to tax. They want to pay for all of those great programs and all the perks they receive, not to mention the exorbitant salaries and benefits they garner. It is quite a job to say the least.

Casinos Doing Their Part

Casinos have not been exempted from paying taxes. Whether you are talking about online options or physical casinos, these gambling businesses often pay a significant amount of tax to the government of Ireland. They offer something that consumers enjoy doing but, more importantly, they provide a major source of revenue to the government.

While this is an important part of why casinos receive licenses, the reality is that these businesses do far more for the economy of Ireland than you may have imagined. There is no doubt that the best real money online casinos in Ireland, found at www.online-casinos.com/ireland/real-money/, offer players the opportunity to play their favourite games. Games they enjoy where they can also win some money. However, Ireland benefits in a plethora of ways from these online casinos.

Jobs, Jobs, Jobs

Like every other country across the planet, Ireland has been hit severely by the Covid-19 pandemic. Not only has there been a significant number of lives lost, but many people have lost their jobs. Unemployment numbers are rising in the country and there is concern that some businesses may not be able to reopen their doors once it is safe to do so. 

The odd thing about this pandemic is that it has actually improved the fortunes of several businesses, with online casinos being one of them. With the government imposing a number of restrictions limiting people’s ability to get around, including closing several establishments, such as casinos, this has opened the door for online options to thrive. That is exactly what they have done.

That has been great for the industry and it has been great for the economy of Ireland as well. Not only is there this source of tax revenue that is helping keep the government running, but this is also helping by providing jobs. Many have the opportunity for employment through these sites or through vendors or organizations that help in the operations of the sites. These businesses are thriving, meaning they need employees, and that is helping the economy of Ireland.

This is one aspect of online casinos that is often forgotten. These sites do not run on their own. While the site has been developed by programmers, there is a need for customer service professionals, monitors, technical support specialists, and cybersecurity experts, just to name a few, to assist with any issues that may arise. For some of these larger sites, that could mean that hundreds, maybe even thousands of people have jobs.

Taxes Help Other Industries

Often, people forget that the taxes paid to the government are used in a variety of ways. This tax money can be used to help small businesses get started, provide education, improve roads or other infrastructure, and keep public transportation running. It pays to keep schools open, streets clean, and communities safe. 

Some of these businesses would not succeed if it was not for the government’s help. There are many in Ireland who depend upon the government to help pay for their education in college and beyond. A proper degree helps to land a better job and have greater success financially. All of those things help the government and help the economy of Ireland in general by providing salaries to teachers, administrators and support staff at universities. Students at universities help local eating establishments, textbook companies, and businesses that make school supplies.

Then there are numerous infrastructure projects that occur because the government pays for them. People have jobs, transport and supply companies are able to move goods because there are roads, railways, docks, and airports, and there is safety for people because of local fire departments and police officers. These things keep the country moving, which benefits the people of Ireland and its economy. 

Just think how it would be if there were not safe, drivable roads. Trucks could not bring necessary goods to cities across Ireland. This would mean that food, medicines, and other important items would not reach those in need, pushing most of the people to the shores.

All of these things play a significant role in the economy of Ireland. All of these things occur because of the tax revenue that is recorded. The government is able to provide these things because online casinos are paying taxes from the revenue they are earning. The lives of every person in Ireland is benefiting because of these casinos.

Then There Are the Winnings

What do people do when they win? Think about that for a moment. People who win when playing at online casinos are going to spend that money. The more they win, the bigger the items that they can buy. 

That could mean someone is buying a new couch, a new television set, maybe even a new car. All of those purchases help the economy of Ireland. The person who sells the car receives a commission which they spend. The store that sells the television needs employees to stock and sell televisions as well as other items. 

The domino effect of people winning is extraordinary, because rarely do people simply sit on their winnings. They may save some of it, but they are likely to spend at least a portion of it on something for their home, loved one, or themselves. That adds up and helps the economy.

A Big Deal for Sure

What this tells you is that this is not just an industry looking to make money. They are providing a valuable service that benefits Ireland and its economy. These online casinos have even supported measures to protect people who are addicted to gambling. In this way, they have proven to be good citizens as well as good business people. Ireland is a better place because of them.

Share this story with a friend

Share this story

Tell us what you think on our Facebook page