The prize was conceived in 1986 and inaugurated the following year with the aim to promote literature and increase the public's interest in books.
It was first prefixed with AKO after its sponsor-founder, the Amsterdamsche Kiosk Onderneming, a chain of over 100 bookstores and newsstands in the Netherlands.
Beginning in 2015, AKO dropped sponsorship and the prize was sponsored by ECI, a book club and webshop.
The Bookspot Literatuurprijs is awarded by a five-member jury of Dutch and Belgian book critics, some of whom have served on it repeatedly.
A separate BookSpot Lezersjury of fifty readers read those three books and elect the final Lezersprijs winner.