Since some states in the US were regulated to allow online gambling, the authorities have been working hard to solve whatever issue that may occur along the way. So far only New Jersey had some mediocre success, but all the regulated states needs to gain more traffic in order to become a true success.
Now one of the ways to ensure that that actually happens is here, as PayPal is ready to enter the regulated gaming market in the US. PayPal is the world’s biggest online payments provider with more than 150 million customers, many of those being from the US.
The company however has not made an official statement in regards to this, but it is expected that they will begin to process deposits and withdrawals to the regulated games in Nevada, New Jersey and Delaware within a couple of months only. PayPal will be providing a payments solution for poker and casino in the three regulated states and thus provide a solution more widely used.
PayPal has not previously wanted to process gambling transactions through their service, but with increased competition in the US from the Bitcoin and with a general slow economy, it would make sense if PayPal would increase their revenues by becoming the next big payment method in iGaming.