Is MagicBet casino legit?

With our team of casino specialists, we carefully studied the casino, traced its most important factors and key units, reviewed its features in detail and found that MagicBet casino Needs Improvement. The factors we took into account and which influenced our assessment are :

  • it is not clear how long it takes to withdraw your winnings
  • there is no information about the support centre opening hours
  • the casino platform is brand new and unproven
  • 5% fee for dormant accounts

However, we can say that the casino is licensed and safe to play.

Anton Stoychev

Reviewed by

Anton Stoychev

Updated on

MagicBet casino Needs Improvement

Press the LEGITOMETER for more info

MagicBet casino welcomes new players with 100% sign up bonus up to 1000 BGN.

visit casino BROWSE LEGIT casinoS

πŸ™‹β€β™‚οΈ USER REVIEWS

3.0
Rated 3.0 out of 5
3.0 out of 5 stars (based on 1 review)
Excellent0%
Very good0%
Average100%
Poor0%
Terrible0%
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🎁 WELCOME BONUS

100% up to 2000 BGN

πŸ“† ESTABLISHED

2023

βœ… LICENSE JURISDICTION

Bulgaria NRA

πŸ›οΈ OWNER

MagicBet OOD

πŸ—ΊοΈ LANGUAGES

Bulgarian πŸ‡§πŸ‡¬

⏱️ WITHDRAWAL TIMES

Bank transfer: Up to 5 business days

Cashterminal: Instant

EasyPay: Instant

Credit/debit cards: Up to 5 business days

πŸ“§ SUPPORT

Email: [email protected]

Live chat: 24/7 (EN)

πŸ’³ BANKING

PaymentMin DepositMax Daily Withdrawal
Visa10 BGN10 000 BGN
MasterCard10 BGN10 000 BGN
Maestro10 BGN10 000 BGN
Visa Electron10 BGN10 000 BGN
CashTerminal10 BGN5000 BGN
EasyPay10 BGN5000 BGN
Epay10 BGN5000 BGN
FastPay10 BGN5000 BGN
Bank transfer10 BGN10 000 BGN
Legit Casino Β» Reviews Β» MagicBet Casino Review

MagicBet Casino Review

Is casino legit?

MagicBet is a new casino that is only available to players in the Republic of Bulgaria. You can play through the browser on your computer or laptop, as well as on your mobile phone and tablet. There is no downloadable phone app available, but the mobile version is good enough. The site has a modern interface, the menu is well arranged and conveniently located in the header of the site, the buttons are easy to navigate. You will find a wide variety of slot and casino games, table games, progressive jackpot and much more. In addition, sports betting is also available for sports fans. At the casino, you can pay with credit and debit cards, e-wallets, bank transfers, as well as at cashier offices. MagicBet is the another online casino that gets license in Bulgaria. The casino industry was stuck for decades but since 2 years more than 10 new online casinos emerged. We’ve also reviewed Slotino casino which is also new casino brand for Bulgaria.

MagicBet casino review

Casino legitimacy

Casino advantages

Magicbet is an online casino platform providing users with variety of casino games, live casino and sports betting. The site is owned by the well-known on the Bulgarian gambling market Magicbet, who have numerous successful gaming halls across the country. Magicbet are based in Sofia and operate under the registration number 204507558. The casino has two licenses which were issued by the National Revenue Agency in October 2023. One license under number 000030-8401, which authorizes the distribution of gambling; the other license is under number 000030-8873, which authorizes sports betting, horse betting and dog racing. The license is the most important factor for any casino brand and is the first component that our team and I look out for.

According to our LegitoMeter MagicBet Needs Improvement

Factors affecting our LegitoMeter

License

Withdrawal times

Winning limits

Support 24/7

Fair bonus terms

User ratings

Fake casino games

Withdrawal limits

Casino older than 12 months

Variety of payment methods

Fair terms and conditions

Related blacklisted casino

πŸ‘πŸ‘Ž

Yes πŸ‘

Fast πŸ‘

No πŸ‘

Yes πŸ‘

Yes πŸ‘

Negative πŸ‘Ž

No πŸ‘

Low πŸ‘Ž

No πŸ‘Ž

Yes πŸ‘

No πŸ‘Ž

No πŸ‘

PLAY NOW

Summary of our Legitometer and the most important factors it monitors.

  • A positive factor is that the casino operates with a license.
  • The casino has a high withdrawal limit and we define this as a positive factor.
  • There is no win limit and we consider this a positive factor
  • There is not enough information on how long it takes to pay out prizes and we determine this to be a negative factor.
  • A variety of methods are available for depositing and withdrawing prizes.
  • Bonus terms have unfair rules and we consider this to be a negative factor.
  • There is no information on the opening hours of the customer service centre and we consider this to be a negative factor.
  • Although Magic Bet is a well-known name on the Bulgarian market with its dozens of gaming rooms, the online casino is still new and has not proven loyalty to players, so the meter gives a red point for this factor.

Latest user reviews

decent

Rated 3.0 out of 5
February 19, 2024

It’s decent, compared to the other online casinos in Bulgaria. I won 200 BGN with welcome bonus. Withdrawal was a little bit complicated, because they asked for many papers.

Avatar for Borislav Topovitsarov
Borislav Topovitsarov

Facts about Magic Bet casino

Casino facts

We would like to present you with some useful facts related to the casino brand that we think you will find useful if you decide to play.

  • The site is available only in Bulgarian
  • The main currency of the casino platform is BGN and fees are charged when paying in other currencies. If you’re looking for a casino with more currencies options please check our Casino Action review.
  • The smallest amount you can deposit is 10 BGN and the highest is 5,000 BGN
  • A variety of payment methods are available on the site such as Visa, MasterCard, Revolut, Apple Pay, Vivacom, ePay, easyPay, Bank Transfer, FastPay, Cashterminal
  • There is no information on how long it takes to pay out rewards.
  • The daily withdrawal limit is 10 000 BGN
  • The brand has partnered with world renowned software developers among which are NetEnt, 7Mojos, Playson, Amusent, Evolution Gaming, EDG Digital, Red Tiger Gaming.
  • The casino is only available to players in the Republic of Bulgaria
  • In order to successfully complete the registration on the site and withdraw your rewards without any problem, you need to provide some documents that the operator requires. You will need a copy of your ID card, proof of address registration, a copy of your bank details, a current phone number.
  • In case of questions and technical problems you can contact the casino support team. You can email them at [email protected] or live chat. It is not clear what the support centre opening hours are.

Advantages and disadvantages

Casino pros and cons

We’d like to give you a two-point overview of the casino’s strengths and weaknesses so you can get a clearer picture of how it works.

Advantages

πŸ‘ Sign-up bonus available

πŸ‘ There are a variety of features to help players

πŸ‘ Good selection of slot games

πŸ‘ Live casino available

Disadvantages

πŸ‘Ž The casino is only available to players within Bulgaria.

πŸ‘Ž New casino

πŸ‘Ž Hard verification

Casino bonuses and promotions

Casino bonuses

We carefully reviewed the bonus terms and saw that they are not fair to players because there is a bonus win limit. But the welcome bonus rollover requirement is only is 25x bonus+deposit, which is fine.

New players to the casino can take up to 2000 BGN with a welcome bonus, for the first deposit they make.
For players who like sports betting, there is also a welcome bonus which is worth 200 BGN.
There are personal bonuses available that depend on how long you play at the casino.
The casino has various features that are available to help players get a better result in sports betting

  • cashout
  • early payout,
  • magic odds,
  • inflated odds,
  • 0% margin, and
  • zero draw, with which feature the casino will return the amount of your bet if the match you bet on ends 0-0.

Sign-up bonus

MagicBet casino logo

Welcome bonus for 1st deposit

  • 100% up to 2000 BGN
  • Wager: 25x bonus+deposit
  • Minimum deposit: 10 BGN
  • Max cashout: unlimited
  • Valid for: new players only

What’s your experience with MagicBet? Leave a review

Frequently asked questions

Is MagicBet casino legit?

We have found that the casino needs improvement but is safe to play.

What payment methods are available?

Visa, MasterCard, Apple Pay, ePay, EasyPay, Revolut, Bank Transfer are available

Is there a sign up bonus?

Yes, there is a sign-up bonus. New players can take up to 2000 BGN.

Photo of author

Anton Stoychev

Anton is the one who founded Legit.Casino in 2022. He is an avid content creator and web designer. His interest in casinos dates back to 2016, when he created his first gambling affiliate website. Anton cares a lot about the legitimacy of online casino operators and the final rating of every casino review on the site is his. Anton is the one who invented our Legitometer as a tool for evaluating online casinos. The idea for the Casino Legitometer came after Anton was repeatedly scammed by dishonest casinos.