Plainridge Park Casino in Massachusetts is still pushing for the adoption of cashless wagering technology, but state regulators have concerns.
Before this innovative concept can become a reality, it must gain approval from state regulators and address their concerns regarding responsible gambling considerations.
Traditionally, cash has been the lifeblood of brick-and-mortar casinos, but the landscape is changing. With the rapid growth of online betting and the increasing popularity of digital payment methods, the demand for cashless wagering options has never been higher. Cashless wagering provides convenience, security and enhanced responsible gambling measures, making it an attractive proposition for both casinos and players alike.
While cashless wagering presents numerous advantages, the commission has expressed concerns regarding its implementation. One of the primary concerns revolves around responsible gambling considerations. The commission wants to ensure that the introduction of cashless wagering does not exacerbate gambling addiction or lead to irresponsible behavior.
At a recent commission meeting, Deputy General Counsel Carrie Torrisi announced that Penn Entertainment, the operator of Plainridge Park, will provide a responsible gaming-focused presentation to address these concerns. This presentation, scheduled for the upcoming commission meeting, aims to demonstrate how cashless wagering can be implemented responsibly and mitigate the potential risks associated with gambling addiction.
While the potential benefits of cashless wagering are clear, addressing the responsible gambling concerns raised by the commission is crucial for its successful implementation in Massachusetts. Penn Entertainment’s responsible gaming-focused presentation aimed to demonstrate how these concerns can be effectively addressed. Some included robust age verification protocols, real-time spending limits and self-exclusion programs.
