The History of Gambling in Hungary
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Gambling started in Hungary more than six decades ago. The Hungarian government legalized online gambling in 1991 and the National Tax and Customs Administration of Hungary (NAV) regulates it. Online gambling has been legal since 2013 and its popularity has drastically grown in the country. In this article, we discuss the history of gambling in Hungary.
Gambling in Hungary in the Twentieth Century
Ideological and political views of gambling in Hungary started changing after World War II. At that time, the socialist ideology focused on promoting equality and was against individual enrichment. Gamblers couldn’t play online slots at that time. The ideology played a key role in the abolishment of different forms of gambling except horse betting. Many people considered it as being deviant even though it was for another ideological view.
The Toto Pools was passed in 1947 to raise funds needed to prepare athletes for the 1948 Olympics, as they needed money to travel to London. The country reintroduced the National Lottery in 1957. Its popularity grew fast as it didn’t compel stakeholders to enforce equality. Also, its monthly draws offered players an opportunity to acquire luxury goods that were hard to access in the socialist system. These included cars, domestic appliances, flats, and villas.
The History of Land-Based Casinos
Queen Maria Teresa Habsburg introduced a monopoly in Hungary’s gambling industry. The law focused on lotteries. Horse racing and card games became famous in the nineteenth century. Countess Istvan Szechenyi opened National Casino, the first Hungarian land-based casino in 1827. Casino Sopron is the oldest Hungarian casino today. Casinos Austria AG and Szerencsjatek Zrt opened it in 1989.
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