PayNearMe to launch iGaming payment platform MoneyLine in Kansas
It received approval as Kansas legalizes sports betting ahead of the NFL season.
PayNearMe, an iGaming fintech company, announced it has received approval from the Kansas Racing and Gaming Commission (KRGC) to provide its MoneyLine platform to licensed operators across the state. The introduction of this iGaming payment platform comes on the day that the Sunflower State legalized sports betting.
In conjunction with the state Gaming Commission, the KRGC has given several operators the license to launch in Kansas. Five sports betting operators are going live with MoneyLine as soon as residents can begin wagering, with the NFL season set to kick off on September 8.
PayNearMe Chief Revenue Officer Michael Kaplan commented: “These clients are going live just as the 2022 football season gets rolling, enabling fans to place legal wagers on the Jayhawks, Chiefs or any of their favorite sports teams.”
MoneyLine will enable operators to successfully onboard players by offering them a wide range of fast, convenient deposit options and help boost player retention. It will do this by increasing the speed of payouts and making funds available in minutes. PayNearMe operators also will be able to offer cash as a conducive and guaranteed deposit method.
PayNearMe received approval from KRGC earlier in August, paving the way for it to stamp its iGaming footprint on what is now the 20th state to utilize MoneyLine. Kaplan remarked: “Enabling our clients to go live on the same day Kansas residents can place online wagers ensures they will be able to seamlessly manage the millions of dollars projected to be wagered online in Kansas over the next year.
“Fans are ready to watch and wager on NFL and college football, and we’ve been working hard behind the scenes to ensure our operators are ready to give them the industry’s best player experience around deposits and withdrawals.”
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