Following the footsteps of the neighboring UK, Ireland has also introduced a maximum stake limit on gambling machines. The government has approved a series of measures including a €5 maximum stake limit and a €500 (USD 551) limit set as the maximum payout from electronic gaming or slot machines.
The move is said to tackle the issues of gambling addiction in the country. Minister for Justice Charlie Flanagan introduced the changes and also decreased the maximum stake limit as previous proposals had drawn a lot of flak from those in opposition.
The maximum limits have remained unchanged since 1956 when the country’s Gaming and Lotteries Act was enacted.
“Modifying stake and prize amounts is the only current role of the Minister for Justice and Equality with regard to gaming machines,” the Department of Justice said. “The proposal had been to raise these amounts to €10 and €750 respectively.
“However, during the Dáil committee stage debate on July 10th, 2019 on the modernization of the stake and prize amounts, some Deputies felt that the proposed amounts were excessive. The Minister of State undertook to consider the matter and now proposes €5 and €500.”
Earlier in the year, the UK also introduced a maximum stake limit on Fixed Odds Betting Terminals (FOBTs). The maximum stake was reduced from GBP 100 to GBP 2.