New Jersey Seeks to License iGaming Payment Processors New Jersey Seeks to License iGaming Payment Processors
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Key Takeaways
  • New Jersey State Senator James Whelan (D) has explained that stricter licensing requirements proposed in a bill submitted in February this year are designed to make it easier to deposit money at state licensed gambling sites.
  • If passed, the bill will require payment processors such as Skrill and Neteller to obtain a casino industry service license rather than the ancillary license which the law currently mandates.
  • According to the Division of Gaming Enforcement (DGE) Visa has successfully processed only 44% of attempted transactions, and Mastercard 73%.

A New Jersey bill submitted in February this year proposes stricter licensing requirements for online gaming payment processors.