LONDON–(BUSINESS WIRE)–Paysafe (NYSE: PSFE), a leading payments platform, today announced its expansion into Ohio’s emerging online sports betting market after entering the Maryland iGaming space in Q4 2022. Paysafe is now enabling safe play for a range of sportsbooks in the Midwestern state by providing their players with a comprehensive range of payment options, including credit and debit card deposits, Paysafe’s Skrill digital wallet for both deposits and withdrawals, and other solutions.
Beginning 2023 with a move to Ohio — whose sports betting market is expected to generate as much as $900 million in gross annual gaming revenue when it matures, according to PlayOhio — Paysafe now supports iGaming operators with payments in 25 different U.S. states or jurisdictions. Ohio’s landmark, which is the 7e the most populous U.S. state with 11.8 million residents, it follows Paysafe’s entry into Maryland in late November, which saw the company acquire DraftKings Inc., among others. (NASDAQ: DKNG) and PointsBet (ASX: PBH) provides online payment solutions.
Now, Paysafe has extended its longstanding payment partnerships with these two operators to Ohio along with several other existing partners – Betfred Sportsbook, Betway (subsidiary of Super Group; NYSE: SGHC), Hard Rock Sportsbook and SuperBook™ Sports, among others.
The separate integrations of Betfred Sportsbook, DraftKings, Hard Rock Sportsbook and PointsBet with Paysafe’s payment gateway enables their Ohio sports betting customers to make secure deposits via credit or debit card. All transactions are seamlessly processed by Paysafe.
Ohio sports bettors who wager with the Betway sportsbook can also make deposits and receive withdrawals using Paysafe’s Skrill digital wallet. The wallet, which has recently been upgraded and features a state-of-the-art user experience (UX), supports instant online deposits directly from Betway customers’ bank accounts (if linked), as well as the ability to cash out winnings quickly.
In addition, through their connectivity to the Paysafe payment platform, Betway, PointsBet and SuperBook™ Sports can offer their Ohio customers a range of other alternative payment methods (APMs) from third-party providers.
Zak Cutler, President of Global Gaming at Paysafe, said: “We are excited to start the year by expanding our iGaming payments footprint in the US to Ohio, which ranks as the most important US sports betting market since New York became a year ago. . Through our premium payment platform and Skrill wallet, we look forward to supporting the growth of our operator partners in Ohio.”
Paysafe (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading payment platform. Its main goal is to enable businesses and consumers to seamlessly connect and transact through industry-leading payment processing, digital wallet and online money solutions capabilities. With more than 20 years of online payments experience, an annualized transaction volume of more than US$120 billion by 2021 and approximately 3,500 employees in more than 10 countries, Paysafe connects businesses and consumers through 100 payment types in more than 40 currencies around the world. Paysafe solutions are delivered through an integrated platform and focus on mobile-initiated transactions, real-time analytics and the convergence between physical and online payments. More information is available at www.paysafe.com.
About Paysafe iGaming
Bringing more than two decades of specialized payments experience, Paysafe powers the global iGaming and sports betting industries and offers operators a comprehensive range of traditional and alternative payment methods through a single, streamlined API integration. Paysafe is also a leader in digital and affiliate marketing technology and services for iGaming operators through its Income Access business unit.
Since the opening of the iGaming market in the US in May 2018, Paysafe has consistently stated its ambitions to be the payments leader in the fast-growing industry, building on its leadership in Canada and Europe. As of January 18e, 2023, the company will support 75% of the country’s operators with payment or marketing solutions in 25 jurisdictions. In Canada, Paysafe also has a leading position and partners with most of the regulated iLottery and gaming brands.
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