We went out on a limb last March and predicted daily fantasy sports would make a comeback. We based this on three observations: DraftKings and FanDuel making in-roads in the U.K. DFS Legalization in both Virginia and New York (and many others considering) States realizing it is a new revenue stream The emergence of DraftKings…
Tag: online gambling
Online Gambling Takes Another Step Forward in Pennsylvania
The Pennsylvania state legislature is one step closer to making online gambling in the state a reality. The House of Representatives will take up the issue as members of the legislature have introduced the matter in the upcoming budget bill. Legalizing the industry in Pennsylvania would make internet gambling legal in four states—with the Keystone State…
PayPal Shows New Interest in Online Gambling Merchants
In a recent move, PayPal has re-entered the online gambling space in the United States. The payment processing giant recently confirmed that it is working with several real-money gaming operators to provide a solution for customers submitting money on gambling sites. With eGambling legal in Nevada, New Jersey, and Delaware, could PayPal’s continued involvement spark…
How Cryptocurrencies Could Help Online Gaming Shortfall
When New Jersey launched its six online gaming websites last year, they expected a hefty cash windfall around $1.2 billion in the first year. As New Jersey’s online casinos near their one-year anniversary, they will likely fall short of the $100 million barrier, more than 10 times shy of the initial goal of $1.2 billion.…
USA Today Launches Fantasy Sports Gaming Platform
It is difficult to envision the popularity of fantasy sports gaming can get any bigger, but USA Today is hopeful that is the case. The daily nationwide newspaper recently launched its own fantasy gaming website, Fantasy Score, last week which will concentrate on the NFL, with Major League Baseball, the NBA and NHL platforms on…
Is New Jersey’s Online Gambling Affecting Atlantic City?
Online gambling revenue in New Jersey increased 28 percent in its second month while physical casino gambling fell 9.2 percent from a year earlier, New Jersey’s Department of Gaming Enforcement released on Feb. 12. Those findings could be the precursor to what gambling experts predicted when online casinos in New Jersey was at the proposal…
CEO Urges Against US Online Gambling
The US online gambling debate has experienced various ups and downs since efforts began to legalize gambling websites in the United States. With three states—Nevada, Delaware, and New Jersey—allowing its citizens to gamble online, experts have been predicting that the online gambling industry will grow into many other states. However, Las Vegas Sands CEO Sheldon…
Advice for Startup Online Gambling Merchants
Starting an online gambling business is a lot different now than it was a decade ago. Until the end of 2011, the United States had banned all forms of online betting. Other countries have heavily regulated it, Visa created the 7995 code to identify online gambling transactions, and acquiring banks oftentimes make it difficult to…