Paysafe Expands US iGaming Presence With Ohio Market Entry
18 Januar 2023 - 10:00AM
Business Wire
Company now powering payments for multiple online sportsbooks in
Ohio plus 24 other U.S. jurisdictions following recent Maryland
expansion
Paysafe (NYSE: PSFE), a leading payments platform, today
announced its expansion into the new Ohio online sports-betting
market after entering the Maryland iGaming space in Q4 2022.
Paysafe is now powering play safely for a range of sportsbooks in
the Midwestern state by providing their players with a
comprehensive suite of payment options, including credit card and
debit card deposits, Paysafe’s Skrill digital wallet for both
deposits and payouts, and other solutions.
By kicking-off 2023 with a move into Ohio – whose sports-betting
market is expected to generate as much as $900m in gross annual
gaming revenue when mature, according to PlayOhio – Paysafe now
supports iGaming operators with payments in 25 different U.S.
states or jurisdictions. The milestone of Ohio, which is the 7th
most populated U.S. state with 11.8m residents, follows Paysafe’s
entry into Maryland in late November, with the company providing
DraftKings Inc. (NASDAQ: DKNG) and PointsBet (ASX: PBH), among
other operators, with online payment solutions.
Now, Paysafe has extended its longstanding payments partnerships
with these two operators into 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 securely make
deposits via either credit card or debit card. All transactions
will be processed seamlessly by Paysafe.
Ohio sports bettors wagering with the Betway sportsbook will
also be able to make deposits and receive payouts using Paysafe’s
Skrill digital wallet. The wallet, which was recently upgraded and
boasts a state-of-the-art user experience (UX), will support
instant online deposits direct from Betway customers’ bank accounts
(when linked) as well as the ability to cash-out winnings
rapidly.
In addition, through their connectivity to the Paysafe payments
platform, Betway, PointsBet, and SuperBook™ Sports, can provide
their Ohio customers with a range of other alternative payment
methods (APMs) from third-party providers.
Zak Cutler, President of Global Gaming at Paysafe, said: “We’re
delighted to begin the year by extending our U.S. iGaming payments
footprint into Ohio, which ranks as the most important American
sports-betting market to launch since New York a year ago. Through
our best-in-class payments platform and our Skrill wallet, we look
forward to supporting the growth of our operator partners in
Ohio.”
About Paysafe Paysafe (“Paysafe”) (NYSE: PSFE) (PSFE.WS)
is a leading 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 January 18th, 2023, the company supports
75% of operators in the country with payments or marketing
solutions across 25 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230118005299/en/
For further information about Paysafe, please contact: Nick Say,
Senior Manager of Corporate Communications for North America,
Paysafe E: PR@Paysafe.com
Paysafe (NYSE:PSFE)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Paysafe (NYSE:PSFE)
Historical Stock Chart
Von Apr 2023 bis Apr 2024