Paysafe enters Massachusetts market

UK-based payments platform Paysafe expands into the Massachusetts mobile sports-betting market.

This announcement makes Massachusetts the the 26th US state in which Paysafe offers its solutions to operators.

With this expansion also comes the extension of multiple partnerships which the payment supplier has with US operators.

DraftKings and Paysafe have a 10-year partnership spanning 21 states, which will continue in the Bay State. Additionally, the payment supplier’s 11-year, 21-state partnership with Caesars Entertainment will also remain.

Zak Cutler, president of global gaming at Paysafe, commented on his enthusiasm towards the expansion: “We’re 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’re 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’ve done in multiple other US states.”

Massachusetts sports betting success

The state’s sports betting history is young. The market officially opened up on 31 January 2023.

Already the state has reported a $2.0m betting revenue in its opening month.

Additionally, its online operations opened up on 10 March 2023. DraftKings, FanDuel, WynnBet, Caesars, Barstool and BetMGM have already kicked off in the state.

Betr, Bally Bet, Fanatics and Betway are also anticipated to launch in the future.

Original Article