Dutch online gambling market to exceed 1 billion euros by 2025
The Dutch online gambling market has once again proven that it can become the largest on the European continent. Experts expect that after the Remote Gambling Law (KOA) comes into force, its profitability will increase many times over. According to preliminary data, Dutch online gambling earnings could exceed the €1 billion mark by 2025.
As shown in the Netherlands Betting Focus report, the total gross online gambling revenue (GGR) of the Netherlands in 2019 amounted to 424 million euros. However, the land sector was able to earn much more - 2.27 billion in euro.
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 1.27 billion.
The results of the study made it clear that there is currently a “significant difference » between the casino and sports betting sectors throughout the Netherlands. This difference, according to experts, was "further highlighted in the land-based sector, where the casino dominates in terms of GGR generated."
The report states: “Market share in the online sector is declining. Forecasts suggest that the gap between the two industries will narrow even further once the online market is streamlined."
"At the same time, statistics show that while the sports betting sector has a larger share of the Internet, not land-based channels, this sector of the economy is still dominated by the casino vertical. This trend is expected to continue even after the ratification of the new gambling legislation by the KOA,” the document adds.
The KOA was originally scheduled to be adopted on July 1, 2020. However, due to the pandemic, this date was postponed to October 1, when companies with a Dutch online gambling license will be allowed to operate.
Recall, Nevada casinos for the first time since the start of the coronavirus pandemicзаработали more than $1 billion