The Government has put the final touches to its online gambling licence, with a draft regulation due to be published later this month.
Online gambling sites, which have been operating in Ireland since the introduction of the new laws in the mid-1990s, will have to apply to the State for a licence to operate in their area.
Online betting sites will need to apply for a license in each local area, while gambling operators will need a licence in each jurisdiction.
Online gaming businesses are currently operating in a number of local authorities in Ireland, including Limerick, Cork, Dublin and Galway.
Online casinos and online gaming businesses will be required to apply in all of the local jurisdictions.
Online license holders will have access to online gambling services in a range of jurisdictions including the United Kingdom, Australia, New Zealand and South Africa.
Online gamblers can also access games at a range in different countries.
Online users are expected to play with a virtual currency, such as Bitcoin or Ethereum, to purchase goods and services from other users.
Online licensing was introduced in 2016 as part of the Digital Economy Act and has been hailed by many as a major step forward for the country’s economy.
Online licenses have already been issued in the UK, France, Spain, Canada, Brazil, Belgium, Finland, Estonia, Austria, the Netherlands, Norway, Poland, South Africa and the United States.
Online services have also been licensed in Australia, the United Arab Emirates, India, Hong Kong, Turkey, South Korea, the Czech Republic, South America, Japan, New York, the UK and Germany.
Online Gaming Licensing Minister, Mervyn Healy said the Government had been working closely with the gaming industry, including local authorities, to provide guidance for the implementation of the draft regulation.
Online licence holders will need proof of identity, as well as proof of residency, for online gambling to be valid in Ireland.
Online licenced gambling services will be available to users of the gaming platform for 24 months, and the Government has also said the licence holder must be licensed to operate within that timeframe.
Online players will be able to deposit cash at any time of the day or night, and will be granted access to other gaming platforms.
Online licences will be issued by the State, and can only be used for gaming, gambling and other services.
Online Licensing will allow licensed online gambling sites to offer online gaming to customers across the country, and provide customers with online gambling options and content at the same time.
Online game providers will also be able access gaming content from licensed gambling platforms, and they will be allowed to offer their services on any platform they choose.
Online service providers will be subject to certain requirements including operating within the framework of a licence.
Online providers will have the ability to charge a fixed fee for their service, and it will be up to them to manage the fees associated with their services.
Licensed online gambling platforms will be offered to customers at fixed rates, which will depend on the location of their business, the type of gaming service they offer and whether they have a licensed gaming licence.
Licence holders will be entitled to claim the gaming revenue from the games they offer.
Online casino operators will also have to provide the local authority with a licence for gaming.
Online poker players will also need to have a licence, as will casino operators who offer online poker services.