All

The impact of Covid-19 on the gambling industry of Holland

Covid-19 decimated the slot machine industry after years of expansion, and Holland Casino was no exception. However, the land-based gambling business suffered greatly. The lottery industry was not affected by this. Before compiling these most recent figures, the Dutch Gaming Authority (KSA) examined developments and trends in the sector. According to a market scan, the total gross gaming revenue from country-specific games of chance declined by more than €700 million ($800 million) from 2019 to 2020. Even worse, in 2020, income will fall from €2.7bn to €1.94bn. Among the many things that the KSA investigated were lotteries, sports betting, casino games, and video slots. They were predicted to account for 56.6%, 4.3%, 6.4%, and 32.7% of total income in 2020. Slot machines and lotteries have nearly the same market share in 2019 as in prior years. In light of this decline, the Netherlands’ casinos today only bring in 10.7% of total gambling funds. From 2019 to 2020, there was no significant change to either of the Netherlands’ largest lotteries, the National Postcode lottery or the State Lottery. Regulated iGaming has finally begun in the Netherlands after a long wait, although some issues have been. It’s in the Netherlands. The Dutch gambling agency Kansspelautoriteit revealed that the Covid-19 outbreak had a significant impact on the Dutch gaming market.

The inside story

Holland Casino’s share of the Dutch gaming market has “plummeted substantially,” according to its state-backed gambling monopoly’s Market Scan 2022, from 10.7 percent in 2019 (revenue of €288.9 million) to 6.4 percent in 2020 (revenue of €124.7 million).

Net gaming income from slot machines at Holland Casino will total €158.9 million in 2020. An additional €506.2 million was taken in by food and arcades. Slot machines generated €1,19 billion in revenue in 2019. A total of €665.1 million is expected to be earned by the end of the year. BizzoCasino Holland is one of the most reliable Dutch casino platforms.

From €2.7 billion in 2019 to €1.94 billion in 2020, the whole gaming industry’s net revenue will decrease. Lotteries and slot machines provided the bulk of the financial resources. Sports betting in Saudi Arabia was already rising before the new regulated online gaming market began in October of last year when the Covid-19 outbreak struck, it was noted.

Dutch slot machine spending is expected to decline as soon as October begins when a regulated market begins. As the number of online casinos grows, the KSA believes it will be shared out over many businesses. This year’s second quarter is expected to see a rise in people applying for licenses.

For the past month, big players like Entain and Betsson have prevented Dutch gamers from signing up. In April, they hope to be granted licenses for the new facility. Aspire Global’s platform will be used by BoyleSports from Ireland to enter the market.

Conclusion

According to the KSA, Dutch gamers spend “significantly” more money on games than European gamers. According to a government warning sent to consumers last month, the Netherlands will soon be unable to use gambling sites that do not have a license. The KSA is developing new laws to prevent unlicensed operators from preying on Dutch tourists.

Related Articles

Leave a Reply

Back to top button