Paysafe expands into Ohio sports betting market
It will offer Ohioan bettors extensive payment solutions, including the Skrill digital wallet.
Paysafe, a payments platform, has announced its expansion into the Ohio online sports betting market, having entered the Maryland iGaming space in the last quarter of 2022. This means Paysafe is now powering various Ohioan sportsbooks with a comprehensive suite of payment options.
Included in the company’s suite of features is its Skrill digital wallet for seamless deposits and payouts, as well as other solutions.
Beginning 2023 with a move into the Buckeye State, Paysafe now supports iGaming operators with payments in 25 different US states or jurisdictions. Ohio is a particularly lucrative jurisdiction, with its sports betting market expected to generate as much as $900m in gross annual gaming revenue once matured, according to PlayOhio.
Ohio represents a milestone for Paysafe, with the seventh-highest population in the US and 11.8 million residents. This has been a successful last few months for Paysafe, with its last market entry – Maryland – expected to generate $30m in annual tax revenue per year.
Paysafe provides its services to DraftKings and PointsBet in Maryland, while in Ohio it will extend pre-existing partnerships with Betfred Sportsbook, Betway, Hard Rock Sportsbook and SuperBook Sports, among others.
Ohio sports bettors wagering with Betway will also be able to make deposits and receive payouts using Paysafe’s Skrill digital wallet, which which was recently upgraded and boasts an enhanced UX.
Ohioans using other sportsbooks will also be able to securely make deposits via either credit card or debit card. All their transactions will be seamlessly processed by Paysafe.
Paysafe President of Global Gaming Zak Cutler commented: “We’re delighted to begin the year by extending our US iGaming payments footprint into Ohio, which ranks as the most important American sports-betting market to launch since New York a year ago.
“Through our best-in-class payments platform and our Skrill wallet, we look forward to supporting the growth of our operator partners in Ohio.”
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