In the past year, Dutch individuals participating in online games of chance have collectively incurred losses amounting to 1.33 billion euros. This indicates that the legal online gambling market in the Netherlands is still expanding, albeit at a somewhat slower pace compared to previous periods.
The Dutch Gaming Authority (KSA) determined this loss by comparing the total deposits made by all players with the winnings generated through gambling activities. Additionally, an examination of the per-player loss was conducted. According to the regulator’s calculations, the average loss per player over a six-month period stands at over 1,000 euros or approximately 170 euros per month.
Since October 1, 2021, online gambling has been legalized in the Netherlands. The KSA is responsible for monitoring compliance with regulations by gambling providers and tracking the extent of online gambling participation among Dutch citizens. Over the last six months, this was estimated to involve approximately 4.7 percent of the adult population.
Remarkably, one in five gamblers falls within the 18 to 23-year-old age group. This indicates an over-representation of young adults, given that this age bracket constitutes only about 10 percent of the adult population. It’s worth noting that younger individuals tend to incur lower losses, with an average monthly loss of around 59 euros.
With the introduction of legal online gambling, a registry was established to admit individuals who suffer from gambling addiction. Those listed in this registry are restricted from participating in high-risk games of chance through legal providers for a minimum of six months. In the most recent month, the registry contained more than 50,000 individuals seeking assistance for their gambling addiction.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.