The Current Situation of Gambling Online in the Netherlands
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The Netherlands will legalise internet gambling on October 1, 2021. Online gambling platforms in the country allow gamblers access to a huge range of products. According to research, the Netherlands is catching up with the world and countries that have already legalised online gambling.
The Netherlands has come a long way in their gambling legislation since the 14th century. The first gambling license was granted in the Netherlands in 1414. In 1726, The Dutch National Lottery came into existence. Land-based casinos were allowed to operate legally in 1964. 2012 saw the formation of the Dutch Gambling Authority. Six years later, the Remote Gabbling Act was enforced.
The Netherlands legalised online gambling. The state wanted to protect its people from abuses and fraud from offshore-based operators. Regulator KSA has already taken harsh disciplinary actions on illegal operators who did not acquire an operating licence. Kansspelautoriteit fined Tipico €531250 for operating illegally.
Gambling operators in the Netherlands must comply with the gambling regulatory authorities and jurisdictions. They must have a Netherlands Gambling Authority licence. Online gambling platforms must take precautions to ensure that the platform employs updated safety standards and security protocols to prevent third-party access.
The most popular online casino game in the Netherlands is roulette. Big-name iGaming software providers have struck deals with operators to bring the best titles to the market. The most exciting games at these online casinos include: Slots, Baccarat, Poker, Blackjack and Craps.
The growth of online gambling in the Netherlands is measured by the amount of money collected and the number of people active in it. The revenue increased even more after more people took an interest in sports betting.
The future of the online gambling industry in the Netherlands is bright. Online gambling operators must strive to offer more and better avenues for their clientele.
