This week, Resorts World New York announced that it has most recently signed a new partnership with Paysafe for its mobile sports betting activities in New York State. The specialized payment platform provider will now handle online sports wagering transactions and it will allow deposits by debit card and ACH for the operator’s recently launched sportsbook app Resorts WorldBET.
The Empire State launched its mobile sports betting market in January this year, and Paysafe has already had its influence on the regime as it offers its payment services to several other operators in the sector. At the start of this month, Resorts World New York, which operates land-based casinos in the state, became the eighth operator to go live in the market.
In Safe Hands
Via Paysafe’s platform, players of Resorts WorldBET can now wager on March college basketball playoffs, New York Knicks NBA, or New York Giants NFL games, by using their debit card to make a deposit. The transactions can be conducted on the app’s iOS or Android versions, as well as on desktop sites, and all are processed with ease by the company’s world-class payment technology.
Bettors can also choose to make their preferred deposits on the sportsbook app via ACH transfers from their bank account through Paysafe’s connectivity to third-party ACH warranty services. The integration with ACH partner technology allows the company to support payouts with the app, while also allowing players real-time access to their winnings through their registered bank account.
Through the agreement, in the future, the integration of the payment service provider would also allow the gaming operator to utilize other alternative payment methods. This includes the platform’s Skrill USA digital wallet, which was renovated at the end of last year to support almost-instant funding of wagers and payouts, as well as Paysafecash and Paysafecard eCash solutions.
Zak Cutler, who is the Chief Executive Officer of North America iGaming for Paysafe, stated that the company is pleased to partner with Resorts WorldBET. He said that his team is looking forward to increasing the app’s customer player base and revenue in 2022, as according to him there is a strong correlation between payment methods and U.S. sportsbooks.
Market Report
Meanwhile, while the state awaits the launch of its ninth and final mobile sports bets operator, it has recorded an impressive US$4 billion in total online handle. Recently, the New York State Gaming Commission reported that from the launch to March 13, 2022, the eight operators have accumulated US$3.927 billion in betting handle. This takes the Empire State to eighth place in terms of sports betting markets in the country.
iGaming Could Be on Way
After the recent introduction of mobile sports betting in New York State, lawmakers such as Senator Joseph P. Addabbo Jr. are looking for additional ways of expanding the local gaming industry. Recently, he introduced Bill S8412, that if passed would legalize interactive gaming in the state and allow licensed operators to offer online slots and table games to locals.
Source: “Paysafe Expands New York Sports-Betting Presence With Resorts WorldBET”, StreetInsider, March 24, 2022
