Comparison of the gambling industry market: Canada and The Netherlands
Canada and the Netherlands have embraced the gambling industry. Some elements of the niche in both jurisdictions are similar, while others differ significantly.
The Netherlands and Canada have legal gambling. In Canada, casinos are only allowed to provide services if they have a valid license. The cost of the license varies depending on the province. VPNs are popular in the country, making access to illegal sites easy. The Netherlands has only one licensing institution, the Dutch Gambling Authority. It plans to have licensed up to 80% of casinos offering services to its residents by 2024.
Alcohol and Gaming Authority Nova Scotia, Newfoundland and Labrador, Alberta, Saskatchewan, Manitoba, Quebec, Ontario, Prince Edward Island Gambling, British Columbia and New Brunswick Lotteries and Gaming Corporation.
The Netherlands has 98% internet penetration rate and the average household gets an internet connection speed of 80Mbps. Canada also has high internet usage, but it has among the lowest standards.
Canada is the eighth biggest gambler globally and the industry rakes in over $15 billion in revenue annually. The Netherlands has a population of 17 million, but the gambling future is promising and is estimated to balloon to $1.1 billion by 2024.
Canadian and Dutch players have access to hundreds of online casinos with thousands of games. Roulette, Blackjack, Poker, Baccarat, Keno and game shows are categories offered in live casinos. Video poker was invented in the eighties and is popular with seasoned gamblers. The games are played in real-time in lobbies. The market for online gambling is comparable between Canada and The Netherlands. It is estimated that there are about $1 billion worth of gambling transactions each year in Canada.
Roulette came to life in the 16th century in France and is a staple in Canadian and Dutch casinos. Blackjack is another classic that hardly misses in casino portfolios. Video poker was invented in 1980 and it's popular with seasoned gamblers. Live casinos offer authentic gambling in live lobbies. The most famous slots vary from region to region depending on the player's appetite.
Problem gambling is a significant issue growing as fast as the industry. Some Canadian provinces are challenging the law to have more aggressive measures to ensure safe and regulated gambling. The Netherlands also emphasizes responsible gambling, which is promoted through the Central Exclusion Register. Both countries have a gambling age limit of 18.
Dutch and Canadian authorities have financially thriving markets. In both regions it remains the players’ duty to ensure the activity is enjoyed responsibly.