New law for online casinos in 2018
Date: 06-06-2017 | Posted in: News
Soon the Dutch government will introduce a new law on gambling. The old law dates back to 1964, but in the past fifty years the gambling industry has changed. Nowadays online casinos make up a big part of the billion dollar industry. This is the reason why the law will be finally modernized.
Thanks to the new law online gambling will be regulated and officially legalized. The law was already adopted by the Dutch Lower House of Parliament, and still has to be accepted by the Senate. If it proceeds quickly, the new gambling law will come into force in 2018. As a result, Dutch online casinos all receive their license ánd the Dutch government will get a lot of money because of the gambling tax.
License for online gambling
Currently, online gambling isn’t officially legal, but the government tolerates it. This is why it’s perfectly fine to take an online gamble. However, because of illegal casinos the Dutch government loses about 50 million euros of tax revenues a year. This is why in the near future everything related to online gambling needs to have a license. Not only online casinos, but also lotteries and poker tournaments.