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OnlineSports BettingIndustry

Paysafe arrives in Louisiana and Oregon’s mobile sports betting markets

Paysafe has expanded into Louisiana and Oregon’s mobile sports betting markets in partnership with DraftKings and Caesars Entertainment.

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The firm has extended its longstanding relationship with both operators for the Bayou State’s newly launched mobile sports wagering market.

Louisiana launched mobile betting on Friday 28 January with six operators, among which were Caesars Sportsbook and DraftKings.

And, in a statement, Paysafe said it has already begun processing bettors’ deposits in the state, as well as supporting iGaming affiliate programs through its marketing subsidiary Income Access, which is used by Caesars Sportsbook.

Paysafe discussed Louisiana’s potential, citing American Gaming Association (AGA) estimates that propose a mature market handle of $5.1bn for mobile and retail sports betting combined.

Its Oregon entry, meanwhile, represents an expansion of its existing relationship with DraftKings, the official sportsbook provider of the Oregon Lottery.

The companies’ relationship dates back to 2013, with Oregon being their 17th US jurisdiction together, a figure which includes New York.

Paysafe said their partnership for the Pacific Northwest state will allow players to make “streamlined deposits” using a credit or debit card.

Zak Cutler, Paysafe’s CEO of North America iGaming, commented: “We’re proud to be supporting multiple operators in the new Louisiana mobile sports betting market with two important pillars of their customer acquisition and ultimately revenue growth — payments and affiliate marketing.

“When our Oregon market entry is also factored in, we feel our position as the go-to iGaming partner for online payment solutions and the affiliate channel has never been stronger.”

Now that its reach includes Oregon and Louisiana, Paysafe supports sportsbook operators in 20 states, plus Washington DC.

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