Netherlands can become one of Europe's biggest online gambling markets
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The Dutch Government has spent years putting together the Remote Gambling Act. It is all set to allow the online casinos to provide their services in the country in a legal way. The online gambling market of the Netherlands has already shown significant growth and seems ready to explode.
The Dutch Remote Gambling Act will let private operators enter the market for the first time. Casinos and other providers need to use a central register (CRUKS) to let all the players register automatically by the social security number they have. Lotteries are exempted from the CRUKs. There are also stricter regulations on promotional and marketing methods.
Netherlands can become one of Europe's biggest online gambling markets. Casinos and other providers need to use a central register (CRUKS) to let all the players register automatically by the social security number they have. Lotteries are exempted from the CRUKs.
After the law comes into effect, the providers are allowed to apply for their Dutch Remote Gambling License. It will open up the gambling market in Netherlands to two major possibilities: New companies will start entering the market and existing companies can extend their offering.
Netherlands can become one of Europe's biggest online gambling markets. New companies will start entering the market.
Eighty providers have declared an interest in gaining the online gambling license for the Netherlands. Many smaller gambling brands in the country have also declared their plans to provide online betting services in Netherlands in 2019.
Gambling market in Netherlands contributed about €1.4 billion to the country's GDP in 2018. In 2015, about 9% of the total revenue was with the illegal online gambling avenues. After the new regulations, the would-be legal operators can have a revenue of at least €185 million.
Netherlands is one of Europe's biggest online gambling markets. The market has grown from 500,000 players in 2015 to 1.2 million in 2020. Gross gaming revenue grew from €296 million to €3.1 billion.
Netherlands can become one of Europe's biggest online gambling markets. New act will open up the market and add to the Dutch revenue from online betting.
