The Dutch online gambling market has once again proven that it is capable of becoming the largest on the European continent. Experts expect that after the “On Remote Gambling” (KOA) law comes into force, profitability will increase many times over. According to preliminary data, online gambling in the Netherlands could exceed 1 billion euros by 2025.
According to the Netherlands Betting Focus report, the total gross income from online gambling in the Netherlands in 2019 was 424 million euros. However, the land-based sector was able to earn a lot more – 2.27 billion euros.
But online gambling financial data is expected to grow annually. Analysts predict that the industry can generate 513 million euros in 2021 and will reach 1.27 billion euros by 2025.
However, the results of the study made it clear that there is now a “significant difference” between the casino and sports betting industries in the Netherlands. According to experts, this difference “has been further highlighted in the land-based sector, where casinos dominate in terms of GGR generated”.
The report says: “The online market share is falling. Forecasts indicate that the gap between the two industries will continue to narrow after the online market is streamlined. “
” At the same time, statistics show that the sports betting sector has a large share of the Internet instead of land-based channels, this economic sector is still dominated by the casino industry. It is expected that this trend will continue even after the ratification of the new gaming legislation of the KOA, ”the document continues.
The original plan was to adopt the KOA on July 1, 2020. However, due to the pandemic, that date has been postponed to October 1st, when companies with a Dutch online gambling license are allowed to work.
Remember that the casinos in Nevada are spending over $ 1 billion for the first time since the coronavirus pandemic began.