US land-based casinos may reportedly be removing cash payment options and may implement an alternative digital payment system, like the online gambling market.
According to the recent report from the American Gaming Association, the move comes as a pandemic-led response. It seems that casino players were less likely to use bills and cons following the outbreak of the coronavirus. Now, casino operators, as well as regulators, are pondering to eliminate cash, while introducing mobile payment to check the spread of the COVID-19.
Newly Reopened US Casinos to Restrict Cash Payments
Although the newly reopened casinos in Las Vegas are taking maximum precautionary measures, the players still have the only option to place wagers with cash.
However, the change is in the air as the Center for Disease Control and Prevention has recommended: “tap-and-pay payments to limit the handling of cash.” Until now, the states did not allow digital or mobile payments in casinos; it appears like the relevant authorities may start permitting the innovation to check the spread of the virus.
Casino Payments Digitalization
On June 25, a hearing will be held regarding these digital payments. Meanwhile, a survey conducted by the American Gaming Association suggested 59% of casino players would like to use cashless payment solutions.
In addition, another statement from the gaming industry’s group was convinced that any player uneasy about using cash on the gaming floor as a safety precaution should be given an alternative payment option.
Its CEO, Bill Miller, has been urging regulators to consider alternative cash options. He said:
“Casinos are searching for some modernization in an industry that for too long has been almost entirely reliant on cash.”
Penn National Gaming’s CEO, Jay Snowden, also agrees with this. He said that the industry is collaborating with the regulators to see if they can speed up the digitalization payments in their establishments.
One possible solution might be Sightline Payment’s, Play+, already being used at the online sites of Caesars, William Hill, Draft Kings, FanDuel, MGM Resorts, and iLottery website.
Sightline Payment’s CEO, Kirk Sanford, said:
“Winnings can be immediately cashed out and used for spending, both on-premise at the casino or off-premise, everywhere that accepts Discover cards.”
He further said that the payment solution might also replace chips used at gaming tables, “removing another obstacle to the hygienic running of the gaming floors.”
Payment Options at Online Casinos
However, digital payments are standard payment methods across online casinos, online sports betting, and lottery sites. Considering the post-pandemic situation, where health safety can’t be more emphasized, playing at online casinos is the safest thing to do.
Digital Payment Options
Online players can fund their accounts and cash out their winnings online. They also have a broad choice of digital payment methods at hand.
With Bitcoin, credit cards, vouchers, and gift cards, besides many other cashless alternatives, online casino players don’t have to touch bills or coins. Digital payments ensure a safer gambling experience amid the fast spread of the contagion.
Benefits of Online Deposits and Withdrawals
The online payment mode has proved to be more efficient with speedy transactions.
Plus, transactions involve the most advanced SSL encryptions, in addition to high-end security protocols guaranteeing optimal safety.