Wire Transfers and Online Gambling


Gambling is a growing industry, fueled by live streaming, online gaming, and eSports. While traditional gambling occurred in physical locations, today most activities take place on PCs or mobile devices. Increasing awareness about gambling risks is an important part of the fight against problem gambling. Many organizations and businesses have taken steps to limit advertising.

Various state laws regulate gambling, including who may gamble and where. Age restrictions vary, as well. In some states, the minimum age is 21 years old, while in others, the age varies by gambling activity. In New Jersey, casino gambling is only allowed for people 21 years old or older. This restriction is based on the fact that gambling sites in New Jersey sell alcohol.

Online casino sites can accept deposits and withdrawals through bank transfers and other payment methods. While bank transfers are convenient and safe, wire transfers are a hassle and take a long time to process. However, wire transfers can be useful in some situations. Wire transfers are widely accepted at regulated gambling sites in the U.S., and they offer unique benefits compared to online bank transfers. For example, the GoldenNugget in New Jersey does not place a maximum withdrawal limit on wire transfers. Many banks provide online bill pay options, and some of them may even allow users to initiate their transfers from their online banking portal. In addition, they charge a flat fee for the service.

Fortunately, Michigan has recently legalized sports betting and online casinos. However, in a study of problem gambling, researchers found that proximity to a casino is an important factor in relapse rates. A new casino within fifty miles of a person’s home doubled the number of people who reported problem gambling. Fortunately, the online casino is as close as an internet connection.

Posted in: Gambling