Connect with us
NSoft

Latest News

Draftkings adds PayPal for payment

Published

on

Draftkings-adds-PayPal Draftkings adds PayPal for paymentReading Time: 2 minutes

 

DraftKings Sportsbook, the first company that offered sports betting in New Jersey, has finally added PayPal into the list of payment options.

Previously the company offered deposit and withdrawals options only through Visa, MasterCard and bank transfer, apart from the daily fantasy sports account of the company.

At the initial weeks that was not a problem because the customers did not have choice. But when other companies entered the fray with their sportsbooks, and with PayPal as a transaction option, DraftKings started feeling the heat.

If you are familiar with the world of online casinos in New Jersey, a lack of options for depositing can be a problem for a new site or app. Many banks will decline any transactions dealing with online gambling, even though it’s legal in New Jersey.

DraftKings was dealing with a lot of frustrated customers who wanted to bet, but could not get money online directly.

FanDuel Sportsbook – one of DraftKings’ competitors – outlines the pretty directly with an FAQ on its site:

While most major banks allow online wagering, the following will decline transactions with online wagering companies:

  • Bank of America
  • Capital One
  • Wells Fargo
  • TD Bank
  • Union Bank
  • Huntington Bank
  • Most prepaid cards

That includes some very big banks that also issue credit cards.

DraftKings beat everyone, by weeks, to offer online sports betting. But that first-mover advantage was not going to carry DraftKings to a lead in the NJ sports betting industry forever.

If it was going to compete, adding a payment option like PayPal was a near necessity. Three other online sports betting sites – FanDuel, Caesars online casino and SugarHouse Sportsbook – all had PayPal live already.

Now the playing field will be a bit more level. We get the first online sports betting revenue and handle numbers this week in New Jersey. But we will see how the competition is shaking out better once the numbers are in from September, when DraftKings was finally operating against challengers.

 

Source: PlayNJ


Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Latest News

Prague Gaming Summit 2020 speaker profile: Panagiotis Skyrlas (Head of Information Security & Compliance – Group DPO at Betano-Stoiximan) 

Published

on

Panagiotis-Skyrlas-Announcements-Prague-2020-1 Prague Gaming Summit 2020 speaker profile: Panagiotis Skyrlas (Head of Information Security & Compliance – Group DPO at Betano-Stoiximan)   The 4th edition of the Prague Gaming Summit will take place on 6 March 2020 and welcomes leading operators, service providers and gambling industry experts from all across Europe. On the 6th of March at the Prague Gaming Summit, you have the opportunity to dive into several subjects, among which also the “Market Rundown: […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Prague Gaming Summit 2020 speaker profile: Panagiotis Skyrlas (Head of Information Security & Compliance – Group DPO at Betano-Stoiximan) 

Continue Reading

Latest News

Prague Gaming Summit 2020 speaker profile: Anastasios (Tassos) Panagiotaros (Sales Director at Golden Race – Virtual Sports & Betting Solutions)

Published

on

Tassos-Panagiotaros-Announcements-Prague-2020 Prague Gaming Summit 2020 speaker profile: Anastasios (Tassos) Panagiotaros (Sales Director at Golden Race – Virtual Sports & Betting Solutions)  The 4th edition of the Prague Gaming Summit will take place on 6 March 2020 and welcomes leading operators, service providers and gambling industry experts from all across Europe. On the 6th of March at the Prague Gaming Summit, you have the opportunity to dive into several subjects, among which also the “You Thought […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Prague Gaming Summit 2020 speaker profile: Anastasios (Tassos) Panagiotaros (Sales Director at Golden Race – Virtual Sports & Betting Solutions)

Continue Reading

Latest News

China Vows to Work with Philippines to Combat Online Gaming Crimes

Published

on

9-13 China Vows to Work with Philippines to Combat Online Gaming Crimes  China has vowed to work closely with the Philippines to combat cyber-criminal activities arising from Philippine Offshore Gaming Operations (POGOs), according to a statement issued by the Chinese Embassy in Manila. “The Chinese side would like to continue to work closely with the Philippines to combat such crimes as telecommunications fraud, illegal online gambling, […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: China Vows to Work with Philippines to Combat Online Gaming Crimes

Continue Reading

Trending

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +50,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: sales@europeangaming.eu

Editorial / PR Submissions: editor@europeangaming.eu

Copyright © 2015 - 2020 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.