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Majority Of Credit Card Transactions On New Jersey Web Gambling Sites Do Not Go Through: Report

Payment Processing The Reason Why Revenues Have Been Lackluster

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Just how severe are payment processing challenges for gambling websites in New Jersey?

A firm involved with the process of facilitating transactions told the Associated Press that credit cards used by customers are being accepted less than half of the time. CAMS LLC said that the acceptance rate is between 42 and 46 percent—a terrible rate for the industry.

According to the report, CAMS routes payments from the online gambling operators—such as Borgata and Caesars—in the Garden State to the financial institutions.

The credit card issue is the chief reason why the market size has been below expectation so far, not only in New Jersey, but in Nevada as well. Card Player recently spoke with the CEO of Ultimate Gaming, a company which has online gaming sites in both the Garden State and the Silver State, about this problem. He was optimistic it would improve over time.

New Jersey lawmakers are in fact looking at fixing the problem. One solution is to license the financial institutions in basically the same way that casinos are licensed.

Nevada just had its one-year anniversary of online poker. New Jersey online gaming, which includes more than just poker, debuted in November.

The Associated Press reported that a New Jersey official with the Division of Gaming Enforcement said that MasterCard has approved 73 percent of attempted transactions in New Jersey, while Visa has approved 44 percent.

American Express and Discover do not approve any such charges, according to the official.

In March, Atlantic City casinos won $11.9 million from online gambling, which was up 15.2 percent over February. Online gaming revenues for the year have topped $30 million.

In Nevada, web poker accounted for under $1 million in revenue for three firms in March.

Delaware had online gaming revenues of $206,833 in March.

 
 
 
 

Comments

nyy214
over 6 years ago

a lot of people in nj still cant play either because they are located somewhat near the border. the geolocation services need to be fixed

 
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Zack2
over 6 years ago

about time someone else finally said something about geolocation, and how there is finally a negative article on nj online gambling. to me its funny how there is no negative press when there are a TON of problems. What makes things even more sick is that theres no news on whats being done to fix these problems. since its inception, the software still continue to let the same problems and bugs run. whatever money they have gotten from us has not gone back into fixing the systems. why are their programmers not on this constantly? where is my money going? who is in charge of overseeing all of these sites? cause whoever it is did a horrible job. to me it sounded like christie and that senator ray l wanted to release it asap just to get the money. POKERSTARS would never allow these problems that consistently happen on these nj sites. and its even more sick that our governor as his crew allowed these new jobs to be outsourced instead of forcing these sites to open shop in nj and create jobs. nothing but greed in my opinion, which is why atlantic city will be nothing but another slum town in nj one day n balitmore will take over

 
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Zack2
over 6 years ago

if ppl knew how many times ive called customer service, or my friends, or stories i hear of a friend of a friend, they would stay away from online gambling in nj.

ps... WSOP couldnt confirm my friends girlfriends location and when she went to chat with the online support, they told her to move if she wanted to play.

 
 

Zack2
over 6 years ago

or how Borgata and Party Poker will confirm your location and then kick you off 4-5 hours later because they said they cant confirm your in nj... do something nj. theres a reason why your the #1 state ppl are moving out of

 
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