Paysafe Expands Into Massachusetts Mobile Sports-Betting, Its 26th US iGaming Market

  • Payments Platform Paysafe Ltd PSFE said it is expanding into the new Massachusetts mobile sports-betting market.
  • The company is live and will power play and payments safely for multiple mobile sportsbooks in Massachusetts.
  • The move also extends its longstanding payments relationships with DraftKings Inc DKNG and Caesars Entertainment Inc CZR.
  • Players can fund their accounts by debit card and other online payment solutions.
  • The Massachusetts sports-betting market has become the twenty-sixth American iGaming jurisdiction in which Paysafe supports operators with online payments. 
  • The Paysafe platform will also allow sports-betting operators in Massachusetts to access the payment provider's own alternative payment methods (APM) and third-party APM solutions.
  • Price Action: PSFE shares closed higher by 3.05% at $16.88 on Wednesday.
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