We all know how liberal Dutch people are. Cannabis, prostitution, and all the rest are pillars of the profuse Dutch stigma. Every August, the Netherlands hosts a Marijuana Cup event, that is how liberal this country is, and many young people flock and congregate to the country, enjoy the event, and dream of the day they move to Amsterdam.
With that in mind, a thing that is less than liberal in the “all-possibilities land” is the gambling community. As we relish the abundant liberal atmosphere, funnily enough, Dutch online casino platforms were something we only fantasized about until the government issued the Remote Gambling Act.
One of the primary reasons why most countries have legalized online gambling was, without a doubt, to help the economy. Globally speaking, the casino market generates tremendous amounts, and it’s predicted that, by 2025, it will reach a copious $97.69. The surge in online casino demands and technologies such as A.I. has significantly streamlined the gambling industry and created profitable opportunities that casino operators have been quick to capitalize on.
Netherland top has taken a friendlier and more flexible approach to gamble through the Remote Gambling Act. The new law was positively met but not only by natives who relished casino games on offshore platforms but also operators, who immediately applied for permits. In as little as a few months, the country’s gambling reached new heights, and, in the years that follow, it’s expected to become one of Europe’s greatest, matching that of Spain, the U.K., and Italy.
A revamped gambling environment that brings positive changes to the country’s economy is definitely welcome, particularly considering that 2020 brought a lot of financial uncertainty and many other sectors took a hit. Even land-based casinos, which previously attracted many players, were put on a halt. The good news is that online casinos were there to back up the industry, and the income they generated aided the economy.
How the RGA Helps Boost the Netherland’s Economy?
One of the most noticeable benefits that online gambling brings to the Dutch economy comes in the form of a licensing tax that casino operators have to support in order to obtain a license. The RGA specifically indicates that all online casino operators who wish to maintain their legal status have to pay a fee that accounts for a fixed percentage of their income. While it may not be too lucrative for casinos, operators are more than happy to pay as the benefits exceed the costs and, by obtaining a permit, they have access to one of the biggest European markets.
The fees supported by online casino operators are beneficial for the Dutch economy as the money is then redirected towards state and local governments for development in education and infrastructure.
This economic boost is also beneficial for the Dutch real estate market. As they obtain permits in a specific country, online operators rent office establishments there for their IT or marketing departments, and that adds to the economy. But that’s not all. Online casino legalization has also created new job prospects in the Netherlands.
While cynics would argue that they don’t generate as many jobs as land-based casinos, there’s a lot of effort behind an online casino, and even though gamblers don’t physically interact with the games, that doesn’t mean the operator doesn’t need employees.
How Does the Future Hold for Dutch Betting Sites?
Legalizing online gambling and convincing skeptics is now possible thanks to the new laws and regulations. The Remote Gambling Act entered into force last year, and it’s expected to completely revamp the Dutch gambling environment. From online blackjack, roulette, poker, and even casino games such as scratch cards online are now possible thanks to the new law.
The announcement of the RGA drove the Netherland gambling world to new heights, and many players actually wondered if, in the following years, the online casino environment will overtake the land-based ones as the main source of entertainment, or maybe as one of the greatest sponsors to the economy.
Meanwhile, the population confirmed a small fascination in the online gambling topic, with 71 percent being positive that this sector’s promotion must be laborious. But because it can be denied that the global online gambling market continues to grow, land-based casinos are not going away anytime soon. In some states, especially in the U.S., the influence of land-based casinos has begun to plummet, as the focus is placed on real estate properties, but in the Netherlands, it’s actually vice versa.
Land-based casinos are once again prosperous, thanks to the new gambling act. Also, when borders reopen, land-based casinos will attract foreign visitors and will pay greatly to the local economy. Those who will relish the most these changes will be local casino operators, realtors, and the jobless population as well.
Customer service career prospects will increase dramatically as more online operators are eager to provide promising customer support. While some operators outsource this to other states, language barriers and time zones can cause misunderstandings. That’s why when obtaining a license in a state, reliable casino operators hire local customer assistants.
Whether the overall perspective about gambling will change or not, it is a step in the right direction. Lastly, it’s a win-win situation: land-based and online casinos can co-exist in the Netherlands, and both can benefit the economy. If you also consider the fact that casino operators focus more on responsible gambling and now offer solutions to manage problem gambling, it does not come as a surprise that casinos relish a positive status and are attracting more capital.