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Dáil Question on profits of Tote Ireland

Parliamentary Question No.158

To ask the Minister for Agriculture, Food and the Marine the profits from Tote Ireland for the years 2009, 2010, 2011, 2012 and 2013..

– Anthony Lawlor.

For WRITTEN answer on Wednesday, 5th February, 2014.

Ref No: 5826/14 Proof: 311

REPLY

Tote Ireland Limited (Tote Ireland) is a subsidiary of Horse Racing Ireland. The principal activities of the company consist of the operation of the totalisator at race meetings, the operation of a tele-betting service and an internet service. Tote Ireland’s income derives from the amount retained from those wagers placed into Tote Ireland pools and the commission earned on bets placed into pools operated by Totes in foreign jurisdictions.

Tote Ireland reported a loss of €0.8m in 2009, profits of €0.3m in 2010 and €0.7m in 2011 and a loss of €0.4m in 2012. Results in respect of 2013 are not available as yet.