Paysafe enters Massachusetts, extends regional partnership with DraftKings & Caesars
A total of six operators went live in Massachusetts after almost a year the region legalized the sector of sports betting. Betr withdrew its launch to lower the number to six. Nonetheless, all six operators are functioning to entertain their customers. In a major move now, Paysafe has announced that it will begin servicing as a payment platform in Massachusetts along with DraftKings and Caesars.
The entry of Paysafe is a major milestone for the venture and a huge benefit for the region. It strengthens the stand on the online sports betting industry while encouraging operators to look for safer payment options at top sportsbooks.
Customers and operators can access the services alike. While customers can use Paysafe to start playing on their favorite sportsbook by making deposits through a debit card, operators can access Paysafe to avail of its services, like third-party solutions and alternative payment options. Paysafe has been live in 25 jurisdictions. The entry in Massachusetts makes it operational in a total of 26 US jurisdictions now.
The payment platform extends its long-term partnership with DraftKings and Caesars. Both have been receiving the services since 2013 and 2012, respectively. Also, DraftKings and Caesars are operational in 21 US states. More partnerships could be on the way as there are four more sportsbooks on the list – FanDuel, BetMGM, WynnBet, and Barstool Sportsbook.
Zak Cutler from Paysafe has expressed excitement on everyone’s behalf, stating that the expansion into Massachusetts is a milestone for the evolution of the iGaming industry in the US. The President of Global Gaming at the payment venture has also said that they are proud of having long-time partnerships with many sportsbook operators.
Paysafe is now looking forward to helping its partners in acquiring and retaining customers in the new region. The Massachusetts Gaming Commission is currently deciding on taking a stand over allowing online operators to ban users for their malicious behavior. Until now, only offline casinos had that right. Around 58 people have even been banned from physically entering casinos.
Assuming the rule is tweaked for mobile sports betting, it remains to be seen if the user will be banned from accessing just one particular platform or every platform. The aim, according to Cathy Judd-Stein, is to make sure that people who are not eligible to wager don’t wager on a platform.
Betr was to launch the platform on the same day with six others; however, the withdrawal came after it felt the need to further improve the interface for a better user experience. In all fairness, the interface could be one of the few things that Betr is looking to improve.
Betr could not launch in April 2023, provided the team is ready with the application. Paysafe is live with Caesars and DraftKings for a secured payment experience. Massachusetts has just opened the doors for the industry. It is likely to see a boom in the months to come.