The Dutch online gambling market has once again proved that it is capable of becoming the largest on the European continent. Experts expect that after the Law “On Remote Gambling” (KOA) comes into force, its profitability will increase many times over. According to preliminary data, by 2025, online gambling in the Netherlands may surpass the € 1 billion mark.
As shown in the Netherlands Betting Focus report, the Netherlands' total gross online gambling revenue (GGR) in 2019 was 424 million euros. However, the land-based sector was able to earn much more – 2.27 billion in euro.
But the financial data of online gambling is expected to grow annually. Analysts predict that in 2021 the industry will be able to generate 513 million euros, and by 2025 it will reach 1.27 billion.
That said, the results of the study made it clear that there is now a “significant difference” between the casino and sports betting industries across the Netherlands. This difference, according to experts, was “further highlighted in the land-based sector, where casinos dominate in terms of generated GGR.”
The report states: “Market share in the online sector is decreasing. Forecasts suggest that the gap between the two industries will narrow even further once the online market is streamlined. ”
“ At the same time, statistics show that although the sports betting sector has a large share of the Internet rather than land-based channels, this sector of the economy is still dominated by the casino vertical. It is expected that this trend will continue even after the ratification of the new gambling legislation of the KOA, “the document adds.
It was originally planned that the KOA would be adopted on July 1, 2020. However, due to the pandemic, this date was postponed to October 1, when companies holding a Dutch license for online gambling will be allowed to work.
Recall that Nevada casinos have earned more than $ 1 billion for the first time since the start of the coronavirus pandemic.