New Jersey’s casinos, horse tracks that provide sports activities betting and the web companions of each kinds of playing retailers gained $470.6 million from gamblers in August, up greater than 10% from a yr earlier, in response to figures launched Friday by state playing regulators.
The sum of money gained from in-person gamblers at casinos was practically $274 million, up 4.4% from a yr earlier. But that whole nonetheless lagged behind the extent of August 2019, earlier than the coronavirus pandemic hit, when the full was greater than $286 million.
Returning to pre-pandemic ranges for in-person gamblers has been the primary objective of Atlantic City’s 9 casinos, no matter the truth that cash from web and sports activities betting continues to develop.
Fed eyes digital greenback
The Biden administration is transferring one step nearer to growing a central financial institution digital forex, often known as the digital greenback, saying it might assist reinforce the U.S. function as a pacesetter on the planet monetary system.
The White House mentioned on Friday that after President Biden issued an govt order in March calling on a wide range of companies to take a look at methods to manage digital property, the companies got here up with 9 experiences, protecting cryptocurrency impacts on monetary markets, the atmosphere, innovation and different parts of the financial system.
Treasury Secretary Janet Yellen mentioned one Treasury advice is that the U.S. “advance policy and technical work on a potential central bank digital currency, or CBDC, so that the United States is prepared if CBDC is determined to be in the national interest.”
“Right now, some aspects of our current payment system are too slow or too expensive,” Yellen mentioned on a Thursday name with reporters laying out among the findings of the experiences.
Source: www.bostonherald.com”