The popularity of video games and PayPal online casinos has increased in recent years. The exponential growth of the smartphone market and the easy availability of the Internet have made it possible for the number of gamers to boom. While the United States has been a large gaming market for some time, some European countries like Hungary have also seen impressive growth.
According to Statista, the total revenue from video games in the Central European country is estimated at 69 million euros with more than 2.4 million users. The market is expected to reach 79 million euros in the next five years.
Mobile video games at casinos with PayPal in particular have become increasingly popular. In the next five years, the number of mobile gamers is expected to reach 2 million. More and more people are enthusiastic about the latest offerings and count them among their favorite pastimes. The legalization of online gambling in 2013 has also opened the doors for a new market, and people’s greater engagement with video games has also created a potential market for eSports in Hungary.
Online gambling is also becoming more popular
While current gambling laws have been in place in Hungary since 1991, online gambling was illegal until 2013. The legalization of online casino games such as poker, roulette, slot machines and online bingo on trusted casino sites with PayPal has attracted players who love gambling such as at an unlicensed casino. The European online gambling market is already booming and Hungary plays a small but very important role in it as well. The market and popularity of brick-and-mortar casinos are still on the rise, but we can expect PayPal online casinos to overtake them in Hungary in the coming years.
Video games are not just for “nerds”
For many years, video games were mainly aimed at “nerds” who lacked a social life. However, this stereotype has changed in recent years, and the acceptance of the latest technologies has brought games to large segments of society, not just young people. With the advent of smartphones, gamers can immerse themselves in the world of games. Year after year, major developers outdo each other with new creations that they make available to their users. Experts also attribute the triumph of video games and PayPal casino sites to this constant availability. And it doesn’t look like it’s going to stop anytime soon.
Online gaming and mobile gaming in Hungary
Hungary’s role in the video market is not as big as China’s or the US’, but Hungary has actually gained momentum in recent years. The total revenue from mobile gaming is estimated to be around 25 million euros in 2020, which represents more than 36% of the total video game market in the country. These figures are expected to increase in the coming years. Currently, there are nearly 1.8 million gamers. Since gamers have easy access to online games at depositpp.com – popular online PayPal casinos site, the popularity of mobile gaming has increased.
TOP-10 online casinos with PayPal
|№||Online Casino||Bonus Offer||Terms and Conditions|
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eSports make it possible
People’s dedication to video games is not limited to gaming, as this industry has successfully turned gaming into an exciting competition. Many gamers and fans actively follow the gameplay of others and this has opened the doors for the new market of eSports.
The rise of eSports can also be seen in Hungary. The country saw its first eSports in 2018 with the V4 Future Sports Festival in Budapest. A prize money of 500,000 euros was offered and eight teams participated in the tournament. Other Central European countries such as Poland, the Czech Republic and Slovakia have also been involved in the tournaments over the past two years.
Payment transfer in PayPal online casino
The payment transfer in the PayPal casino always consists of the deposit as well as the withdrawal. In order to be able to use the offers in a PayPal casino, a certain balance must be available on the player account. This can be easily deposited via PayPal. If there are any winnings on the player account, the money can be paid out to the PayPal user account via PayPal. Below we explain the deposit and withdrawal with PayPal in detail.
Deposit at PayPal Casino
The amount intended for use in the casino is processed via the PayPal account. After entering the desired stake in the input mask of the online casino, the forwarding to the website of PayPal is initiated immediately. If the redirection is successful, the registration with your own PayPal data is expected here.
1. Input of the PayPal data for verification
So that only the payment method PayPal can select, which possesses an appropriate account and so that also not everyone can use a possibly strange account for itself, takes place after the input of the desired amount the forwarding to PayPal. There the personal data of PayPal are queried. So usually the email address and the password deposited with PayPal must be entered, in order to prove itself as an account owner and a person authorized to dispose. Attention: Some providers charge a fee for deposits and therefore also for deposits via PayPal.
2. Choice of the payment method made by PayPal
Even if one has chosen the payment method PayPal for the PayPal Casino, this does not mean that the corresponding money must be available on the PayPal account and paid out from there. After entering the personal login data, you will be asked for the desired payment processing by PayPal. Thus, the debit can be made immediately from the PayPal account, if this has sufficient credit. But even if the account is too low, the PayPal account can be used by collecting the missing money or the total amount by direct debit from the corresponding reference account. In addition, PayPal also offers the possibility of depositing credit cards. If this is done, you can also choose this credit card when asked by PayPal for the desired debit method, so that the money needed for the PayPal Casino is debited from it.
3. Contribution will be credited immediately
The money is immediately available in the selected PayPal casino and you can start playing. Sometimes it takes a few seconds for the money to be transferred, but normally you will have the deposit amount in your casino account in less than a minute. If there is a delay in your money transfer, it is usually due to the source of payment. In times of protocol-based encryption systems and ever-increasing requirements for data protection, such a delay may well occur. Here it is important to keep calm and wait a moment longer. The fact is: your money is always subject to the PayPal buyer protection and is safe. If the money does not arrive at the online casino, you can easily contact the PayPal customer support via the PayPal help center.
Payout at PayPal Casino
After a successful game in the casino, the payout of the winnings is done in the opposite way. If a withdrawal is to be made, only the desired withdrawal amount must be entered in the appropriate field on the casino page. The funds are transferred to the specified PayPal account and credited to the business account within one business day.
There it is then available for further use in accordance with the terms and conditions of the commercial bank. If you are already verified by your personal data at an online casino, then a payout can also take place within 30-90 minutes – depending on the day of the week and time.
The gaming industry in Hungary: the bottom line
To sum up, we can say that the popularity of gambling is increasing in Hungary just like in other countries. In the long term, this trend is expected to increase gradually.
This industry has the potential to boost the country’s economy by providing more benefits to the potential market of gamblers in online PayPal casinos. We cannot say that Hungary will become one of the biggest gambling markets in Europe or the world, but it will definitely change the gambling scene for local players.