Dutch Lower House Gives Green Light To Online Gambling Bill
We reported last year on the Dutch online gambling market potentially being worth 1 billion euros annually. After two years of debate the Dutch Lower House has approved the country’s Remote Gaming Bill which could see a regulated online gambling market by Q3 of 2017.
It is widely expected that the Senate will also approve the decision of the Dutch Lower house after the summer break. In term of the legislation there will be a 29% tax imposed both land based and online gambling revenues. In addition there will also be a further 1.5% tax which will be used to fund the regulatory body (KSA) and another 0.5% will go to finance problem gambling programs.
While the news is good the amended bill has got some catches which include a prohibition of land based casino and lotteries using their existing player databases to market their online websites. This amendment is aimed at ensuring that all new entrants to the Dutch online gambling market will have a level playing ground.
Gaming consultants like co-founder if Revenue Engineers, Jasper Hoekert welcomed the news and said,” We are absolutely delighted to see the Dutch Remote Gaming Bill finally pass through parliament. While there are some aspects of the legislation which are not ideal, this is still a very workable framework and I am confident that the Netherlands will quickly emerge as one of Europe’s most important gaming jurisdictions.”