The Netherlands is a country in which gambling is absolutely legal, albeit, strictly regulated. As a country, it is known for its relaxed laws on drugs and prostitution, but not when it comes to online gambling. The gambling scene in this country is under a state monopoly like Sweden. As a whole, the government controls the state of gambling in the country. The monopoly is represented by Holland Casino, of which there are 14 casinos throughout the Netherlands that is operated by it. Some of these were simply arcades with a handful of euteller casinos online game and slot machines back then. Today, these arcades have now expanded and are qualified as legitimate casinos and so the Netherlands now has a long list of casinos to offer. All profits from the Holland bitcoin casinos go directly to the Dutch treasury which is administered by the government. Gambling online is legal for Dutch residents but only on gambling websites that are hosted in the country. People are only allowed to do online gambling to a few websites that are hosted in the Netherlands. Holland Casino actually applied for an online gambling license but was rejected. This has put more pressure on the country from the European Union which opposed the strict monopolization of Netherland’s government in the gaming market. Fortunately, the once stern government towards the gambling industry has finally come to terms of allowing change in their country. The once heavily monopolized sector has now allowed foreign operators to extend their gambling platform to the Netherlands. In 2013, legislation was drafted to regulate the online gaming industry of the country in which new operators must apply for licenses in order to operate.
Licenses and Regulations
Kansspelautoriteit (KSA) is the independent administrative Dutch Gaming Authority under Netherland’s Dutch Government which is funded by contributions from gambling operators in the country. It basically manages all gambling activities such as licensing, supervising gambling operators, regulating game fairness, fighting against illegal gambling and addiction, as well as other gambling-related activities. The KSA provides the license that operators need in order to legally open their casino in the country. In addition to the licensing of the KSA, all gambling activities and facilities within the Netherlands are legally subjected to the Betting and Gaming Act or the WOK (Wet op de Kansspelen). According to this act which took effect since 1964, all gambling operators must dedicate half of its revenue to charity. The gambling activities per municipality in the Netherlands are supervised each by an individual authority set to regulate the operations of gambling within the municipality. The Dutch Government also passed the Economic Offenses Act or the WED (Wet op de Economische Delicten) which secures the legal gambling in the country. This act states that violating the Betting and Gaming Act or WOK equates to committing an economic offense which is punishable by the KSA and law.
Security of Dutch Players
Dutch online casinos, as well as the other foreign owned online casinos, take all possible precautions to ensure the security of every player especially when it comes to banking transactions. Security is one of the most important requirements for an online casino to be granted a license to operate. The transactions that are carried out use encryption protocols which block any third party interference that may cause a threat in transactions. Firewalls are also used to prevent unauthorized access to the casino servers. Credentials such as a legal license or a certification from a highly-regarded testing authority such as eCOGRA will guarantee a clean reputation as an online casino. This would also guarantee that the casino is secured and regulated by the gambling authorities that ensure the implementation of safe and responsible gambling.
Finding the Best Online Casino for Players in the Netherlands
Finding a good online casino that caters to Dutch players is easy since almost all online casinos available accept EUR as the acceptable currency. Players are presented with a wide range of options, most of the online casinos that are run by foreign operators. Here are some of the factors that you should check when choosing the online casino to trust:
Theme and Graphics
This may or may not be of much importance, but the casino’s visual and graphics performance can influence a player’s game experience in the casino in the long run.
Promotion and Bonus
Choose an online casino that offers players a good welcome offer to start with online gambling in the casino. See terms and conditions of promotions for the wagering requirements in order to claim your winnings from the bonus offers.
Game Selection and Software
Choose an online casino that offers a great selection of games from trusted game providers such as NetEnt, Microgaming, NYX and other top-notch and licensed game providers.
License and Security
Check the online casino for its license and other credentials such as certification from eCOGRA to prove that the online casino has a good reputation and is safe to transact with.
Choose an online casino that offers a wide selection of convenient payment options and accept EUR as an accepted currency.
Choose an online casino that has a reliable customer service to help you out with any concerns and issues encountered in the casino.
Always check for the online casino’s license to make sure that it is safe to transact with. If you aren’t sure of which online casino to trust, search the internet for casino reviews to know the pros and cons of the casino.
Winnings from gambling are taxable in this country. However, in online gambling, taxes are levied depending on some circumstances. For instance, if a player wins less than they cost to join a gambling contest, no tax will be levied from the winnings. Since most of the online gambling sites that are active in the country are run by overseas operators, in most cases tax is not levied.
Dutch players are provided with a wide range of payment options to carry out transactions in online casinos. Players can have their transactions with the casino via common credit cards such as Visa and MasterCard. Other payment options are also available such as iDEAL which is a system that is linked to all major Dutch banks and allows easy fund transfers between the bank and online casino. Players may also make use of other payment options such as e-wallets and vouchers. Dutch players can easily make their transactions as long as EUR is accepted as a currency on the online casino.
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