Dutch iGaming Market Set to Become Europe’s Biggest
A recent report released by Online Casino Ground says the iGaming market from Netherland has a good chance to become Europe's biggest.
While the Netherland's officials have spent years putting together the Dutch Online Gambling Act – which already entered into force last month – would allow online casino operators to offer their services in a legalized way, the Dutch iGaming market has already grown considerably and looks primed to boom, according to Casino Ground latest analysis.
Previous legislation for everything gambling in the Netherlands was drafted and entered into effect in 1964. This draft marked the beginning of the unique Dutch lottery and casino landscape that has now been in place for over five decades.
After years and years of setbacks and only addressing the black sheep in the gambling industry, namely illegal games of chance, Netherland's lawmakers approved the Remote Gambling Act in February of 2019 only to enter into force in March 2021. For Dutch speelautomaat online hard hitters and casino operators, that is only good news. It's the opening shot for online casino operators to apply and receive a permit. In September this year, the latest changes will be implemented, and online platforms will go live.
Dutch Remote Gambling Act Involves Unique Regulations
Stringent measures have been implemented in the gambling industry in the Netherlands. Although the Act permits new types of games and enables private casino operators to enter the market, the unique Dutch approach in having rigorous player protection measures is still seen in the details of the Act:
- Both online and land-based casinos and other providers have to use CRUKS (a central register), where their social security number automatically registers all gamblers. Dutch gamblers have the right to self-exclude from all licensed websites.
- Stringent regulations on promotional and marketing strategies
- Obligatory age check using IDIN
- Required participation in CBD (control databank), the control database of the KSA, which will register all activity with online platforms and give the KSA direct means to supervise the casinos.
What does that mean for online platforms like https://speelautomaatonline.com/?
It's expected that casino operators can apply for a Dutch Gambling License and that six months later, gamblers will be able to enjoy the offering.
Why picking a Dutch Online Casino?
Generous Bonus Offers
Unlimited promotions and casino bonuses can really spice up your iGaming experience. Dutch regulators made sure that each licensed platform will offer players different kinds of casino bonuses in the Netherlands with correct terms and conditions.
Dutch regulators also emphasize variety because players don't want to see the same old offer cropping up on their bank account. That said, if you want to claim free spins and casino bonuses, you're all covered. Dutch online casinos are constantly adding new promotions to keep their player audience entertained and loyal.
Variety in Casino Games
Dutch speelautomaat online platforms feature a tremendous games lobby which can leave any player spoilt for a choice. This variety means you can play loads of online slots in the Netherland, as well as test your odds at numerous classic games like baccarat and blackjack.
The Netherlands' gambling market is suitable for those who actually look for the thrill of a real gambling experience. You can delve through a rich selection of live dealer games powered by huge industry giants like Evolution Gaming and NetEnt.
Fast and Dutch-Friendly Payment Methods
Dutch gambling market wouldn't be complete without modern and various deposit and withdrawal methods. Now gamblers can join one of the many Dutch casino platforms and be able to deposit cash via credit card or debit, prepaid cards, e-wallets, among other options.
It's fast, convenient and you can always see what deposit methods are accessible by checking the payments or the cashier page on the platform.
So, how will the future look like for the Dutch gambling market?
With more than 300 betting operations already expressing curiosity in the Dutch market, increasingly more players are looking to take a piece. And seeing the latest stats, it's no surprise why.
The Dutch iGaming market is one of the largest in Europe, with more than 700,000 regular gamblers and over 93 percent of the population with internet access.
The Netherland gambling market is expected to reach a €2.3bn worth; however, only 9 percent of this is from online gambling – compared with the 12,5% across Europe. Experts suggest that within a well-regulated space, this could reach a 31 percent market share which is only good news.
As soon the biggest sports and gaming betting providers enter the market, it's anticipated to grow significantly, with Dutch hard hitters convinced that they can now gamble at fully licensed and regulated online platforms at home. What's more, players will have the security of knowing that online casino platforms must be licensed and regulated by the Netherland's law.
So far, the gambling modernization plan has brought a plethora of advantages to the country's lottery and gambling system as a whole. Dutch gamblers have clearly indicated that they would prefer much faster and secure betting websites, so opening the market will give them exactly what they need. The booming market will enable lucrative casino operators to advertise and promote supplementary game offerings, which have already been shown in other jurisdictions with enormous potential.
The legalization of remote gambling comes at a moment when the Dutch gambler is prepared to welcome legal offerings, willing to spend more than their European counterparts, and modern gambling alternatives will fascinate a whole new player base.