Dutch Gambling Market Grew By Over 11 Percent Since 2015

Dutch Gambling Market Grew By Over 11 Percent Since 2015

The gambling market in the Netherlands has been continuously expanding. According to the figures released by the state-run Centraal Bureau voor de Statistiek (CBS), the gambling market in the Netherlands has grown by approximately 11 percent since 2015 when the survey was last conducted.

The figures posted reveal that the total consumer spending on gambling in the Netherlands in 2018 was €2.5 billion. The total gambling revenue was up 11 percent from 2015 to €2.05 billion.

The Dutch government grossed €529 million in tax revenues. It was up 11.3 percent from 2015. The tax revenue increase has also been because of the increased revised tax rates. The tax rate was increased from 25 percent to 29 percent in 2006 and then to 30.1 percent in 2018.

The number of jobs in the gambling sector has also grown over the years. The industry employed 8,300 locals in 2017, which was up 11 percent from 2014 figures.

The Netherlands has been working on introducing new gambling regulations following which the overseas online gambling operators are now having to secure gambling license to cater to the Dutch citizens.

In a recent update, the Dutch gambling regulator, Kansspelautoriteit, confirmed that so far over 183 entities, primarily gambling operators, have demonstrated an interest in a Dutch gambling license.

While the formal process to apply for a Dutch gambling license is yet to begin as the gambling authority is still working on formulating the new regulations, it is reported that the Application costs are to be set at €45,000 with a financial guarantee of €830,000.

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