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Dutch gambling market on the rise

The Netherlands government took in €529m in gambling taxes in 2018, an increase of 12.5 per cent year-on-year, as total market net gaming revenue grew by 2.5 per cent to €2,059.0m.

New figures released by the Netherlands’ Central Bureau of Statistics (CBS), a governmental institution, present rather rosy outlook of the local gambling market. Total revenue number marks the first time that the national sector surpassed the €2bn landmark.

As a result, CBS has also details a hike in tax generated due to increased uptake and revenue, with its contributions for 2018 finishing at €529m, representing a 12.5 per cent boost from the previous year’s €470m.

Job prospects are also seemingly on the rise in the gambling market, with a total of 8,300 people employed in the sector at the end of 2017. Although this is up by 11 per cent on 2014, the figure is down from 8,900 employees at the end of 2010. Employment figures for 2018 are yet to be published.

Dutch gambling sector growth comes despite the country, at present, only permitting legal land-based gaming activities. However, with Dutch Senate passing the Remote Gambling Act in February, the market for online games of chance is expected to be officially open from Friday January 1, 2021, which should open the door to further market growth.

Last month, the local regulator Kansspelautoriteit announced that 183 companies have expressed an interest in applying for an igaming licence. Operators were able to register their interest between June 5-21, as the regulator sought to gauge how many applications it can expect.

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