The Dutch online gambling market has once again proved that it can become the largest on the European continent. Experts expect that after the entry into force of the Law “On Remote Gambling” (COA), its profitability will increase many times. According to preliminary data, by 2025, the earnings of online gambling in the Netherlands may exceed the mark of 1 billion euros.
As shown in the Netherlands Betting Focus report, the total gross income from online gambling (GGR) in the Netherlands in 2019 amounted to 424 million euros. However, the land sector was able to earn much more — 2.27 billion in euro currency.
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 the figure of 1.27 billion.
At the same time, the results of the study made it clear that there is currently a “significant difference” between the areas of casinos and sports betting throughout the Netherlands. This difference, according to experts, was ” further emphasized in the land-based sector, where the casino dominates in terms of generated GGR.”
The report states: “The market share in the online sector is decreasing. Forecasts suggest that the gap between the two industries will be further reduced after the online market is streamlined.”
“At the same time, statistics show that although the sports betting sector has a large share in the Internet, and not in land-based channels, the casino vertical still dominates this area of the economy. 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 with a Dutch license for online gambling will be allowed to work.
Recall that Nevada casinos earned more than $1 billion for the first time since the beginning of the coronavirus pandemic.