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HungaryHungary licenses and regulates online poker and online horse betting. The regulated domestic market opened in 2012 after Hungary amended its gambling laws in 2011. While operators may apply for licenses to provide online poker and horse betting, the state-owned lottery organizer, Szercencsejáték, maintains a monopoly on online casino games and sports betting. That monopoly could be disappearing soon. In January 2013, Hungary sent draft legislation to the European Commission that would open up the sports betting and online casino markets. The Hungarian Tax Authority is responsible for approving all online gaming sites and licenses. Licenses are issued for an initial five-year period. After the five-year term, operators may apply for an additional five-year license. Net revenues are taxed at 20% and payable to the Tax Authority. Operators need to meet a minimum registered capital of HUF 200 million (approx EUR 690,000) in a member state of the European Economic Area (EEA) or within Hungary, have relevant experience in the industry, and have a certified gaming and business system. ISPs must block unlicensed sites and banking institutions must freeze the bank accounts of unlicensed operators if required by the Tax Authority. Unlicensed operators are subject to fines up to HUF 100 million (approximately EUR 345,000). In April 2015, the National Tax and Customs Authority in Hungary ordered the nation's media authority to ISP-block 82 allegedly illegal online gambling operators. In December 2017, Hungary approved amendments to its gambling legislation that required local financial institutions to block payments to and from unauthorized gambling sites. 2 Hungary sites support English. with United States Dollars. edit your preferences Hungary
Address
Supervisory Authority for Regulated Activities of Hungary Alkotás utca 50 Budapest, Budapest Hungary 1123 Website Fax +36 1 550 2495 General Information +36 1 550 2500 View All Gaming Jurisdictions Hungary Jurisdiction News
This Week in Gambling: Online gambling love for Valentine's Day
We have a lot of love to spread this Valentine's Day, with three U.S. states ready to embrace online gambling. There's also free money love from this week's special offer and online poker love in Europe. Energy Casino mints first high-rolling winner A VIP player from Hungary went on a playing spree from 3-9 January, ending up with a total of €61,413. iSoftBet signs agreement with first online casino in Hungary Las Vegas Casino Diamond Ltd will launch Vegas.hu, which will contain iSoftBet's full suite of mobile and desktop content. Finnplay announces online gaming platform agreement with Las Vegas Casino in Hungary Las Vegas Casino Diamond, a leading casino operator in Hungary, operating land-based casino gaming in Budapest since 1992, plans to launch the first licensed online casino in Hungary this year. Kwaysser second Hungarian to win WSOP title, $617,214 Valdemar “Luigi” Kwaysser won the $10,000 buy-in Pot-Limit Hold’em World Championship at the World Series of Poker on Wednesday morning. It was the first WSOP bracelet for the resident of Budapest, Hungary, worth $617,214. EU targeting France, Greece, Sweden over sports gambling International News Brief: The European Commission will censure France, Greece and Sweden this week for restrictions they have put on sports gambling, sources close to the matter said Monday. EU Commission acts to remove sports betting obstacles in Denmark, Finland and Hungary The European Commission has requested that Denmark, Finland and Hungary change their laws to allow open competition in the sports betting market. EU pushes for open betting market International News Brief: The European Commission will step up legal action against four countries in a bid to open the betting market across the 27-nation European Union. Hungarian Banks Block Online Payments International News Brief: Hungarian banks are blocking payments to online betting sites. Sportingbet Hit by Hungarian Legal Proceedings International News Brief: Hungary’s Gambling Supervision last week initiated legal proceedings against the U.K.’s Sportingbet Plc, the world’s largest online gambling service, which launched its Hungarian-language website in June of this year.
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