Access our Network of Banks for your Hungarian Casino
iGaming in Hungary is about to get exciting! After online betting was opened up to private businesses on January 1st 2023 (online casinos that were regulated earlier), the iGaming industry is set for a bright future –which is reflected in projections that the sector will grow by 7.16% for the next few years.
A big challenge for online gaming firms in Hungary is the relatively low maturity of this market. The process of applying for iGaming licenses is also relatively complex. Finally, accessing banking solutions as an iGaming operator can be difficult in Hungary, since many banks see the sector as ‘high risk’.
The National Tax and Customs Administration oversees online casinos and bookmakers in Hungary. You will need to establish a physical presence in the country, pay licenses fees(approx. €1.5m) and demonstrate extensive experience. The licensing process is also relatively long – expect to wait at least 120 days.
With the opening up of the Hungary iGaming market, now is a great time to launch an online casino or sportsbook in the country. To do so, you will need an account with a bank, electronic money institution or a payment institution. iGaming Core helps you find banking solutions that can serve iGaming businesses in Hungary. We help by:
Hungarian online gamers can make payments to iGaming websites using credit and debit cards from major PSPs such as Visa, MasterCard and Maestro.
Contact us today to start accepting payments to your Hungary iGaming website
Projected revenue from online gambling in Hungary for 2023
The year online betting was opened up to private operators.
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