KSA reports Dutch black-market GGR above licensed sector at €617m
The KSA’s monitoring report said the Netherlands’ unlicensed online gambling market generated an estimated €617m in GGR in the first half of 2025, against about €600m for licensed operators. The regulator reported that licensed GGR fell 14% from the previous six months and channelisation dropped to 49%, from 51%.
Licensed GGR and channelisation fell as estimated unlicensed GGR exceeded licensed revenue, sharpening the Dutch regulator’s market challenge.