After two years of unprecedented growth, the online casino industry in the Netherlands is set for even more success in the coming year, according to the Dutch Gambling Authority, Kansspelautoriteit (KSA). The country’s sole regulating agency responsible for all gambling-related issues recently reported that while growth of the Netherlands’ regulated online market has begun to level off, the emerging gaming market is developing as expected as it matures.
The Remote Gambling Act (KOA) came into effect on April 1, 2021, after years of political debate, and the legal market exploded. This law allowed operators to apply for a license to offer internet gambling in the Netherlands. The market officially opened on October 1, 2021, and a year later, the total gaming gross result (BSR; stake minus prizes paid) amounted to a noteworthy €3.4bn ($4.13bn), marking the first full year of legal iGaming in the country.
According to the KSA, based on “experiences abroad,” they expect a trend growth of 13 – 15 percent annually, and anticipate online casino 2024 to be on the higher end of that estimate. Statista forecasts an increase of 7.99 percent in the iGaming market in the Netherlands between 2023 and 2027, resulting in a market volume of €1368.00 million in 2027.
Initially, 10 licenses were issued to operators by the KSA, and new operators, such as ComeOn Group, have entered the market. Established in 2008 in Stockholm, the operator has launched its flagship brand, ComeOn.nl, in 2010. The partnership with Bragg Gaming Group has made Bragg’s online slots and live casino games available to customers of ComeOn.nl in the Netherlands.
The KSA’s goal when the online market opened over two years ago was to drive a minimum of eight in 10 players to regulated sites. This goal was achieved, as nearly 93 percent of Dutch players now use authorized platforms, an increase of 1 percent from the previous six months. Additionally, 98 percent of new players who did not play prior to the market opening now use licensed sites.
The growth of the iGaming market has been driven by factors such as cryptocurrency and blockchain and the increasing accessibility of high-speed internet. Online casinos have continued to expand their game lobbies to accommodate players with varying preferences, with the emergence of live dealer games, virtual reality (VR), and mobile gaming making the online casino experience even more immersive.
The Netherlands is expected to see several new operators entering the market in the coming year, while companies like ComeOn Group will continue to grow and provide a wide range of games to Dutch players.