February 12, 2023

SERPA Media launches new website in Hungarian market

Hungarian online casino market continues to grow

Hungary is a country with a population of approximately 10 million people, and like many other countries, it has seen significant growth in the online casino industry in recent years. While online gambling was initially regulated in Hungary in 2013, changes to the legislation in 2019 made it more difficult for foreign companies to operate within the Hungarian market.

As a result, the majority of online casinos in Hungary are now operated by local companies, such as Szerencsejáték Zrt., which is the state-owned gambling company, and a number of smaller companies that have emerged in recent years.

Despite the fact that foreign companies are not as prevalent in the Hungarian market as they once were, there are still a number of popular international online casinos that are available to Hungarian players. These include well-known brands such as Unibet, Bet365, and 888 Casino, among others.

The online casino market in Hungary continues to grow, with more and more players turning to online gambling as a convenient and enjoyable form of entertainment. However, it is worth noting that there are still some challenges to be overcome, such as the relatively high tax rate on online gambling in Hungary, which has been a point of contention for some industry experts.