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The Prohibition of Online Gambling in the Netherlands

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Online gambling has grown very popular since it became available on the Internet. Many people participate in online gambling for entertainment or to increase the enjoyment of sporting events. However, the increase in online gambling has also led to an increase in the amount of gambling addiction.

In the Netherlands, the issue of gambling addiction is a huge one. The government in the Netherlands has been looking into ways of limiting online gambling to cut down on the level of gambling addiction. They are considering following the example set by the US when it made it illegal for online gaming companies in other countries to process credit card payments and bank transactions for US residents.

If the Netherlands enacts this type of legislation, it will not completely wipe out online gambling in the country. However, it will create a monopoly because there is currently only one company running an online gambling site from the Netherlands. Without competition, there are fears that the one remaining company would take advantage of people due to the lack of competition. When there is no competition, companies are able to charge unfair prices, or in the case of an online gambling site, offer less favorable odds. There is no other online casino that they could switch to if they were unhappy.

Also, as long as there is even one online casino being operated in the country, the law would not achieve its desired effect. The people who are addicted to gambling would simply go to that site to gamble.

The Holland Casino, a land based state-run casino in the Netherlands, has received authorization from the Dutch Supreme Court to offer Internet gambling to residents of Holland only. The company is limited to offering traditional casino games. The European Commission does not approve of the Dutch gambling laws, which don’t allow Dutch citizens to gamble online at foreign-run sites. The Commission wants online gambling to be part of their open market policy. Foreign casino operations have attempted to build casinos in the Netherlands, but the government has denied all of the license applications.

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