Plans to cap stakes and winnings under proposed new gambling laws could have unintended consequences and drive consumers towards the black market, industry figures have claimed. The Government’s new gambling bill proposes limiting wins from roulette and card games to €3,000 [$3208].

Bets for such games would be capped at €10 under the proposals.

An analysis of the bill by UK-based gambling industry consultancy firm Regulus said 30pc to 40pc of online gaming in Ireland could be affected, equating to an estimated revenue of €80m to €100m annually.

It said these figures are based on its own analysis of the Irish market and similar foreign markets.

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