Paysafe expands into Kansas online sports-betting market
26 September 2022 - 10:00AM
Business Wire
Paysafe’s online payments and affiliate
marketing solutions now optimizing player conversions for multiple
sportsbooks in new market
Paysafe (NYSE: PSFE), a leading specialized payments platform,
today announced its entry into the new Kansas online sports-betting
market. The move sees Paysafe supporting multiple online
sportsbooks in the state with players’ credit and debit card
deposits plus ACH payments, while its marketing technology and
services provider Income Access is powering the affiliate marketing
programs of several Kansas iGaming brands.
With Kansas going live this month with online and retail
sports-betting in time for the 2022 NFL season’s kickoff, the
market becomes the 23rd U.S. state or jurisdiction where Paysafe
has a presence supporting operators with payments. The Midwestern
state, which BetKansas forecast will generate $1.78bn in first-year
sports-betting revenue, is just the latest North American iGaming
milestone for Paysafe after entering New York, Louisiana, Oregon,
Ontario, and Arkansas, in 2022 so far.
In Kansas, Caesars Entertainment, Inc. (NASDAQ: CZR), DraftKings
Inc. (NASDAQ: DKNG), and PointsBet (ASX: PBH), have all extended
their longstanding payments partnerships with Paysafe. The three
operators’ Kansas online sportsbooks have plugged into Paysafe’s
best-in-breed payment gateway to support online credit and debit
card deposits, with all transactions processed seamlessly.
Through Paysafe, Caesars Sportsbook and PointsBet are also now
enabling their players in Kansas to link their bank accounts to
their sportsbook accounts to then make ACH deposits and receive
payouts of their winnings. The ACH payments with both brands are
supported by Paysafe’s connectivity to third-party ACH Warranty
providers.
As well as strengthening customer conversions through payments,
Paysafe is also supporting player acquisition for Kansas-facing
operators using the affiliate marketing channel. The affiliate
software of Paysafe’s Income Access is being used to track, manage,
and optimize the affiliate programs of several brands in the new
Kansas market, including Caesars Entertainment’s Caesars
Sportsbook.
Zak Cutler, President of Global Gaming at Paysafe, said: “We’re
delighted to continue our 2022 North American expansion by entering
Kansas, the newest regulated U.S. iGaming market. We look forward
to using our payment solutions and affiliate marketing technology
to help operators in Kansas establish their brands by acquiring new
players and retaining them, to also ensure the wider market’s
growth.”
About Paysafe Limited Paysafe Limited (“Paysafe”) (NYSE:
PSFE) (PSFE.WS) is a leading specialized payments platform. Its
core purpose is to enable businesses and consumers to connect and
transact seamlessly through industry-leading capabilities in
payment processing, digital wallet, and online cash solutions. With
over 20 years of online payment experience, an annualized
transactional volume of over U.S. $120 billion in 2021, and
approximately 3,500 employees located in 10+ countries, Paysafe
connects businesses and consumers across 100 payment types in over
40 currencies around the world. Delivered through an integrated
platform, Paysafe solutions are geared toward mobile-initiated
transactions, real-time analytics and the convergence between
brick-and-mortar and online payments. Further information is
available at www.paysafe.com.
About Paysafe iGaming Paysafe brings over two decades of
specialized payments experience supporting the global iGaming and
sports-betting sectors and provides operators with a comprehensive
suite 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-up of the U.S. iGaming market in May 2018,
Paysafe has consistently stated its ambitions to be the payments
leader in the fast-growing sector, building on its leadership in
Canada and Europe. As of September 26th, 2022, the company supports
75% of operators in the country with payments or marketing
solutions across 23 jurisdictions. In Canada, Paysafe also has a
leading position and partners with the majority of regulated
iLottery and gaming brands.
Forward-Looking Statements This press release includes
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
provided for illustrative purposes only and are not intended to
serve as, and must not be relied on by any investor as, a
guarantee, an assurance, a prediction or a definitive statement of
fact or probability. Paysafe Limited’s (“Paysafe”, “PSFE” or the
“Company”) actual results may differ from their expectations,
estimates, and projections and, consequently, you should not rely
on these forward-looking statements as predictions of future
events. These forward-looking statements involve significant risks
and uncertainties that could cause the actual results to differ
materially, and potentially adversely, from those expressed or
implied in the forward-looking statements. While the Company
believes its assumptions concerning future events are reasonable, a
number of factors could cause actual results to differ materially
from those projected, including, but not limited to factors
included in the “Risk Factors” in our Form 20-F and in other
filings we make with the SEC, which are available at
https://www.sec.gov. Readers are cautioned not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. The Company expressly disclaims any obligations
or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in their expectations with respect thereto or any change in events,
conditions, or circumstances on which any statement is based,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220926005205/en/
For further information about Paysafe, please contact: Nick Say,
Senior Manager of Corporate Communications for North America,
Paysafe E: Nick.Say@Paysafe.com
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