Leading payments platform, Paysafe, has announced its expansion into the Massachusetts mobile sports betting market.
Paysafe is live and powering play and payments safely for multiple mobile sportsbooks in New England’s most populated state, ensuring players can seamlessly fund their account by debit card and other online payment solutions.
The Massachusetts sports betting market, which Legal Sports Report projects will generate $300.17m+ in first-year revenue, becomes the 26th US iGaming jurisdiction in which Paysafe supports operators with online payments.
Paysafe’s Massachusetts move also extends its longstanding payments relationships with the Boston-headquartered DraftKings, a partnership that dates back to 2013 and today spans 21 states, and Caesars Entertainment, whose 21-state partnership with Paysafe began in 2012, among other operators.
Now, sports bettors in the Bay State wanting to wager with these operators’ iOS or Android mobile sports betting apps on their phones or tablets can make frictionless and secure deposits into their player account using their debit card. All transactions are processed in a matter of seconds by Paysafe’s own best-in-class payment gateway.
The Paysafe platform will also allow sports-betting operators in Massachusetts to access a suite of the payment provider’s own alternative payment methods (APMs) as well as third-party APM solutions.
Zak Cutler, President of Global Gaming at Paysafe, says: “We are excited to expand into Massachusetts, my home state and an important milestone in the evolution of the US iGaming industry, with its passionate sports culture and pivotal industry role in the development of daily fantasy sports and now sports betting.
“We are also proud to extend our longstanding relationships with several major sports betting partners into this new market, and we look forward to helping them maximise their player acquisition and retention in Massachusetts, just as we have done in multiple US states.”