On a global scale, the iGaming market is one of the fastest-growing industries. There are hundreds of different casino sites which are emerging online and offer access to a huge selection of casino games that, in many ways, outnumber traditional casinos.
It is no longer an overlooked aspect of the gambling market and people are enjoying playing casino games online because there are many advantages to online gambling and starting from the sheer number of available options.
That being said, different countries and even regions have different regulations when it comes to gambling in general and online casinos. When it comes to the Netherlands, while it is a progressive country in many ways, online gambling was illegal until 2021. Thanks to the Remote Gambling Act in 2021, Dutch online casinos are on the rise. If you are wondering how iGaming has become popular worldwide and whether online gambling is still in its infancy in the Netherlands, we have all the answers below.
Online Gambling in 2022
As we mentioned earlier, online casinos are accessible on every smartphone or computer. So, you only need a stable internet connection to access a real money casino site of your choice. But because online gambling was considered illegal, a lot of casino members from the Netherlands used VPN to mask their location and to play other legal online casinos.
There are multiple gambling agencies that regulate the gaming sector, including the UK Gambling Commission, Swedish Gambling Authority, and many others. However, online gambling wasn’t regulated in the Netherlands except for the Dutch casino, which is a Dutch state-owned company. There were more opportunities for rouge casinos to enter the market, and consequently, the market wasn’t regulated to protect the casino players.
So, we can see that it’s still in its infancy but due to the fast technological breakthroughs it will certainly catch up with other casino markets. Actually, Holland Casino has reported a net worth of $351 billion in the first six months of 2022.
Another advantage of online gambling platforms in the Netherlands have the opportunity to advertise and promote their promotions, bonuses and, obviously, their portfolios. Even though a lot of people were previously playing on international casino sites with the Remote Gambling Act, a lot of them chose to register on licensed and regulated gambling sites by the Gaming Commission.
Another aspect of online gambling which became popular was online betting. Not only did a lot of people like to bet online, but also many betting sites reported higher revenues due to the accessibility and increasing number of options available online for sports betting. They reportedly made a revenue of around $36 billion in 2021.
Summary
In conclusion, even though online gambling in general in the Netherlands is still in its early stages of development, and it only regulates online casinos and betting, as it’s illegal to purchase for example lottery tickets online, we expect in the future for the given market to reach new heights and to attract a greater audience of online users since it is easier for operators integrate new technologies and to adjust their offerings to new online markets.