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New Jersey Shows The Good And Bad Of Gambling Payments Progress

PYMNTS

Among recent developments is the addition of PayPal to the sportsbook operated by DraftKings in New Jersey. According to one industry overview , that makes at least four online sports betting providers that accept PayPal in that state, with another “coming soon.”. Card Decline Rates. “At

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With Wynn’s $402M In Net Losses, Is Online Gambling The Future Of Gaming?

PYMNTS

However, consumers are reportedly turning to online casinos and sportsbooks, as the pandemic has closed brick-and-mortar casinos in markets such as the United States to minimize risk. New Jersey issued closing orders for brick-and-mortar casinos March 16. Revenues for its casinos plummeted by 61.7 reaching a value of $102.9

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NJ-based Provident Bank upgrades digital channels amid pandemic 

Bank Innovation

For one community bank in New Jersey, its digital overhaul came at a crucial time, and Provident Bank has been pushing its digital capabilities to customers during the novel coronavirus pandemic since revamping its online banking earlier this month.

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Online Gambling And The Challenges Of Betting On Instant Disbursements

PYMNTS

The pandemic has shut down brick-and-mortar casinos in markets like the United States to help minimize risk, for example, leading consumers to turn to online casinos and sportsbooks. This is resulting in increased revenue for these online gambling platforms in states like New Jersey — trends in growth that may well continue after the crisis.

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NJ Online Gaming Revenue Set To Grow 66 Pct This Year

PYMNTS

With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. Online casinos’ monthly revenue more than doubled in the 15 months following the rollout of sports betting in June of last year.

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Deep Dive: How The COVID-19 Virus Is Impacting The Online Gambling Industry

PYMNTS

Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. Online Gambling Changes . The pandemic is sweeping through an already critical year for online betting. Such sites are expecting major growth in the U.S.,

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Will DOJ Ruling Put The Brakes On Legal Online Sports Betting?

PYMNTS

3 Super Bowl approaches — heaven for football fans and gamblers, including bettors who make wagers via online channels — federal authorities have brought a new level of uncertainty into the prospect of those legal bets. That new view of the Wire Act reportedly follows a long lobbying effort by Las Vegas casino owner Sheldon Adelson.

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