Mager noted that sports betting accounts for over half of Szerencsejáték's revenue, with the rest split evenly between numbers games and scratch-off cards.
She said that online sports betting currently makes up 20% of turnover but added that the segment is "one of the fastest growing" on the market.
Mager said Szerencsejáték already faces "intense" competition from big, well-capitalized international players with "very serious" IT infrastructure who operate illegally in Hungary.
She added that Szerencsejáték's brand recognition and trust, along with its 800,000 registered online users, gives it an advantage over competitors that will now be doing business legally in the country.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
