Nuvei gets green light to process New York sports betting payments

Nuvei has received approval to process payments for sportsbook operators in New York

Nuvei has received favourable reception to operation payments for sportsbook operators inwards New York.

The New York State Gaming Commission (NYSGC) gave the Montreal-based Nuvei its turn onward to grip transactions for the freshly regulated market’s licensed sports betting platforms.

Four operators — Caesars Sportsbook, DraftKings, FanDuel and Rush Street Interactive (RSI) — began accepting online and mobile wagers on Sabbatum 8 January, followed past BetMGM on 17 January. Once regulatory approvals are finalised, iv more operators are expected to join these number 1 five.

The Empire State is the most recent and, to date, to the highest degree thickly settled US jurisdiction to approve digital sports betting. Since launch, New York has continued to outperform other states, with more than 1.2 million sports betting accounts created betwixt 8 and 17 January.

As a result, Nuvei is sounding to fall apart into this remunerative marketplace as it continues to spread out crossways Frederick North America. The company’s Chairman and CEO Duke of Edinburgh Fayer commented on this development, saying: “Nuvei announced strategic alliances this yesteryear year with multiple US-regulated operators.

“We are proud of(p) to now follow supporting online sports betting operators and political platform providers with a convenient, fasting and unafraid payments capableness to dish their New House of York customers.

“This marks another stair inward our journey to spread out with the growing manufacture as several states and countries are inwards the process of regulating online sports betting.”

Nuvei is non the firstly payments house to enter New York’s digital betting market. PayNearMe brought its MoneyLine weapons platform to the commonwealth before this month after receiving favourable reception from the NYSGC.