New Jersey Senator accuses credit card firms of disrupting progress
Prior to the legislation of online gambling in the state, Lesniak and other lawmakers said revenue generated from such online activity could exceed US$ 1 billion (€785.2 million).
However, with next month marking the one-year anniversary since online gambling became legalized in the state, New Jersey operators are reporting just over US$ 100 million in revenue.
Despite criticism from industry experts and analysts over the early revenue predictions, Lesniak said such targets are unlikely to be reached without the support of major financial institutions, many of which still refuse to process online gambling payments.
“Don’t expect stellar results until the major credit card companies come on board,” Lesniak.
Despite calls to regulate online gambling in other states, just three US states have so far opted to legalize the practice, with Nevada and Delaware being the two other jurisdictions to have done so alongside New Jersey.
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