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The Growth of iGaming in Hungary
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Hungary might be a small country of 10 million dwellers. But it has a thriving iGaming industry and a government doing its best to improve its betting laws.
Earlier this year, Hungary relaxed its strict gambling rules by inviting casinos based in the EU to apply for local licensing. It also lifted a ban that previously prohibited unlicensed casinos from accepting bets from Hungarians.
Why is Hungary suddenly showing interest in the iGaming sector? Why is the demand for online betting rising in the Central European nation?
Pressure from the EU
For a long time, Hungary had restrictive gambling laws. It allowed casino gaming through a handful of brick-and-mortar casinos. On the other hand, Games of Chance cPLC—a government-owned corporation—controlled sports betting, bingo, the lottery, and online sports betting.
In 2017, negotiations between Hungary and the EU forced Hungary to create a licensing system for foreign casinos and sportsbooks. Under the new rules, foreign betting sites can operate in Hungary for as long as they acquired local licensing.
At least two online casinos opened in Hungary in 2017—LVC Diamond and Grand Casino—the second casino is owned by a Curacao-based operator.
Commercialized Betting Sites
Until this year, Games of Chance cPLC had the sole rights to provide sports betting in Hungary. The government ended its monopoly on 1st January this year, marking a new beginning for commercialized gambling in the country.
Under the new laws, betting sites based in the EU can operate in Hungary after they acquire proper licensing. Unfortunately, Hungary is full of bureaucracy when it comes to legalizing online casinos.
Although it has the power to welcome more casino sites, it requires them to own a local brick-and-mortar casino. This makes it difficult for online casinos to expand their services to Hungary legally.
And considering Hungary no longer blocks the ISP addresses of foreign casinos and sportsbooks, many of them accept Hungarian players. Of course, not all foreign gambling sites can be trusted. Join safe and licensed operators.
Access to Safe Offshore Casinos
After Hungary stopped banning foreign casinos, the demand for offshore gambling sites skyrocketed. The explanation is simple. Malta and Curacao-based casinos provide high-quality gaming.
They’re mobile-friendly, packed with hundreds of games, and generous with bonuses. At the best Bitcoin casino bonus sites, you can receive an offer worth up to 5BTC. And there are more promotions for loyal players.
Of course, bonuses aren’t limited to crypto casinos. If you would rather use PayPal, Visa, or MasterCard, you also qualify for casino rewards. The only catch is that you won’t get as many rewards as someone who uses top crypto sites.
Bonuses aside, foreign casinos operating in Hungary are safe. They hold genuine licenses from Curacao or Malta. Additionally, they encrypt your data to protect it from hackers. They help secure your accounts with passwords and keep your data secure.
Mobile Gaming
Mobile gaming has been growing steadily in the past decade all over the world. Unsurprisingly, it’s also a big reason for the increased popularity of iGaming in Hungary.
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