Horse racing: Taxpayer funds Michael O'Leary’s €2m prize money

Michael O'Leary won €2 million in horse racing prize money paid for by taxpayers. €42 million went to horseracing prize cash in total. People Before Profit TD Paul says industry's €72 million subsidy for 2023 is too generous.

Michael O'Leary won €2 million in horse racing prize money paid for by taxpayers. €42 million went to horseracing prize cash in total. People Before Profit TD Paul says the industry's €72 million subsidy for 2023 is too generous.

Horse Racing Ireland says that taxpayers' money is not used to fund prize money. The Irish Horse and Greyhound Fund is funded by betting duties.

The prize money for horse racing is not taxable. It is twice as much as the amount given to domestic violence shelters in Ireland. Daragh Ó Conchúir says the money helps the industry. The money is reinvested in sales and it trickles down to breeders.