LiveScore Bet withdraws from the Netherlands
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18 Nov 2024 •
Reading time: 2 minutes LiveScore Bet, a well-known gambling site, has announced that they will stop offering their services in the Netherlands as of November 29, 2024. This means that from that date onwards, Dutch players will no longer be able to place bets.
The decision is related to the increase in gambling tax. They will increase significantly. This decision came as a surprise to many players and that naturally raises questions.
What does this mean for bets and bonuses?
LiveScore Bet announced on Tuesday that players can still log in and take a gamble until November 29 at 12:00. But beware: from November 25, you will no longer be able to deposit money into your account. If you still have open bets that expire after that date, you don’t have to stress. Your stake will simply be refunded, even if you do not take any action yourself. And those bonuses that are still open? You can still use them until November 29. After that date, however, they will disappear, so now is the time to cash them in.
Payout of balance after November 29
After the stop date, the remaining money on your account will be paid out automatically. The amount will be transferred to the bank account linked to your account. The company has not explained exactly why they are leaving in an email to customers. On their website, they make it clear that the tax increase plays a major role in this decision.
Why LiveScore Bet is leaving the Netherlands
LiveScore Bet is not the only provider leaving the Netherlands. Due to the tax increase, which goes from 30.5% to 37.8% of gross gambling revenue, the market here becomes less attractive for gambling companies. It seems that LiveScore Bet has made the choice to avoid this tax burden. The Gaming Authority has already been informed of their departure.
The question remains: will more gambling sites follow? For now, it is clear that players at LiveScore Bet should reconsider their options. Since the opening of the Dutch online gambling market, many operators have joined. Experts expect a decline or takeovers by large parties that can better cope with the heavy taxes.