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Paysafe and PointsBet to expand into Michigan
Paysafe has announced that its partnership with PointsBet, a leading sportsbook operator in the United States, is now expanding into Michigan. This will be the sixth state that PointsBet is now regulated for use in. The integration with Paysafe means that players using PointsBet in the state will be able to get money in and out of their accounts much easier using their credit and debit cards.
PointsBet Making Waves in The States
PointsBet has wasted no time in establishing itself as a serious force in the American gambling market. The operator is an official betting partner for all four of the major sporting divisions in the country. These deals have helped to make the company a big name. The iGaming company has signed deals with several other big names in the American sporting and media world too, including NBC Sports.
The company’s presence in the United States has not gone unrecognized within the industry. This is showcased by the fact that the operator managed to secure three awards at the 2020 EGR North America Awards and has earned praise for its innovation in the country.
One of the reasons for Pointbet’s success in America is its innovative approach to gambling. Besides offering standard ways of betting and more traditional markets on a variety of sports, the brand also offers its own unique style of betting called ‘PointsBetting’. Bonuses like Good Karma Payouts are offered as well. With this offer, players can be rewarded part of their potential winnings or see fractions of their stakes returned if they lose under exceptionally unfortunate circumstances. With various cash-out style features on offer, this brand is quite unique.
Innovative Approach to Gambling Praised
PointsBet is, unsurprisingly, highly viewed among executives at Paysafe. Gregory Kirstein, the Director of Business Development for iGaming at the company spoke of Paysafe’s innovation and the excellent betting experience that the payment solution company provides its customers. With Paysafe having clearly established itself as a front-runner in this new market makes PointBet feel excited to be a part of the journey.
Paysafe is far from a stranger to the iGaming world though. The company has established several partnerships in a selection of states. Now, the payment provider continues to look for new ways to grow as more and more states begin to change their online gambling regulations. Paysafe is a very popular payment platform that operates all over the world, with many top casino operators offering the service. As of today, the company connects over 70 payment types in over 40 countries. Now, Paysafe is hoping to continue to expand in the United States, which promises to be a big market for gambling operators and their partners in the coming years.
Changing Gambling Regulations in America
Michigan is the latest state in the US to embrace and regulate online gambling. The online gambling market launched in Michigan on January 22nd, and it didn’t take long for the results to begin rolling in. The state reported that there was a whopping $115.2 million wagered there within the first 10 days of the laws changing. Needless to say, this makes this a big potential market for operators.
New Jersey was the first state to allow Pointsbet to operate back in 2019. Since then, five other states have jumped on board, with Michigan being the latest. There are on-going discussions in several states across the United States right now regarding online gambling legislation.