:::: MENU ::::

Firm: Credit cards OK’d 44 pct for NJ online bets

Local News | Apr 30, 2014

Firm: Credit cards OK’d 44 pct for NJ online bets

ATLANTIC CITY, N.J. (AP) — It has been difficult to use a credit card to fund an online betting account since New Jersey began Internet gambling in November.

New statistics from a company that routes these payments show just how hard it has been.

CAMS LLC tells The Associated Press that credit cards are being accepted from its New Jersey gamblers between 42 and 46 percent of the time.

It receives online payments from the Borgata and the two Trump casinos and routes them to financial institutions.

Alternative payment methods, including automated clearing house transfers, and so-called e-wallet services, are picking up some of the slack.

CAMS CEO Matt Katz says acceptance rates are nearly identical for its online gambling clients in Nevada, as well as in Illinois, where it serves the state lottery.

Comments

comments