Ireland is set to introduce new regulations for the iGaming industry

Ireland has passed a bill to regulate the iGaming industry, laying the groundwork for the establishment of a new independent body, the Gambling Regulatory Authority of Ireland (GRAI).
The legislation aims to implement a modern and robust licensing and oversight system for the iGaming sector, while also addressing the issue of offshore gambling sites.
James Browne, the Minister of State, commented on the development, expressing his enthusiasm for the long-awaited law. "I am genuinely pleased to welcome the passage of this legislation, which is the result of many years of hard work by myself and the dedicated officials at the Department. The law provides a new streamlined, simplified, and consistent licensing framework that reflects the nature of gambling in contemporary society and addresses the rise of digital gambling activities and advertising in recent years," Browne stated.
According to the minister, the GRAI will have the necessary authority to enforce compliance with the law, enabling the regulator to take appropriate and targeted action when providers fail to adhere to licensing conditions and regulations.
The GRAI will consist of seven members, and a Program Board has been established under the Ministry of Justice to ensure that the legislation and operational preparations progress in tandem. This will allow the regulator to begin its work in phases immediately after all members are appointed.
Browne noted that consultations with stakeholders, including representatives from the gambling industry, charitable organizations, and related sectors, were conducted prior to the bill's passage. He also mentioned that the position outlined in the legislation was significantly bolstered by the findings of a comprehensive study conducted by the Economic and Social Research Institute (ESRI).
It is worth noting that the United States could potentially generate up to $15 billion in tax revenue if online casinos are legalized across all states.