Online gambling in Netherlands close to reeality

Jan 7, 2016 10:45 AM

The legalization of online gambling in the Netherlands has moved a step closer to becoming a reality as the result of a coalition agreement in parliament.

Coalition parties VVD and PvdA submitted a proposal to the Tweede Kamer, lower house of parliament, for a uniform tax rate for gambling.

The Telegraaf has reported that the parties have proposed gambling be taxed in casinos and online at 29 percent.

The cabinet’s previous plan was that online gamblers should pay a lower tax rate than those who gamble in casinos, something that the Tweede Kamer argued is unfair.

The government believes that legalized online gambling will bring in more tax revenue. If that proves to be true the tax would be dropped to 25 percent over three years. A recent study by Motivation said the Dutch wager nearly 500 million euros at online gambling sites on an annual basis.

Phil Hevener has been writing about the Nevada gaming business for more than 30 years. Email: [email protected].