The Dutch online market has been valued at a potential €1.27bn (£1.09bn/US$1.55bn) gross gaming revenue (GGR) by 2025, on the basis of the country’s KOA Act coming into force in October.
Online GGR is anticipated to reach €513 million in the Netherlands in 2021, according to a new report into the market published this month and will grow to more than €1 billion by the middle of the decade.
The report, called The Netherlands Betting Focus, was published by sportsbook and igaming platform provider BtoBet. BtoBet said the Netherlands is “expected to remain largely retail in the short term and is expected to follow the growth trend registered in the French market”.
In 2019, the Netherlands saw a land-based GGR of €2.27 billion, compared to €424 million from online gaming activities.
The igaming supplier noted there was a “sizeable difference” between the casino and sports betting sectors across the Netherlands, which was “further highlighted in the land-based sector where casino dominates in terms of the GGR generated”.
The report continued: “On the other hand this market share diminishes in the online sector, with forecasts foreseeing the gap between the two sectors to further decrease after the regularisation of the online market”.
Referring to statistics from market analysts H2 Gambling Capital, the report said “the introduction of the KOA law will have little influence on the size of the land-based casino sector, with the dip for the land-based casino sector in 2020 not linked to the introduction of the KOA Act, but to the measures implemented related to the Covid-19 pandemic, and which resulted in the closure of the casinos and retail gambling shops.
“At the same time the statistics indicate that whilst the sports betting sector enjoys a greater market share in the online rather than in land-based channels, the market is still dominated by the casino vertical, and this trend is expected to be maintained even after the introduction of the KOA Act.”
The KOA Act was scheduled to come into force on 1 July 2020, enabling the online market to open from January 2021. However, due to the pandemic, this was pushed back to 1 October.