Paysafe and BetParx are expanding their partnership into Philadelphia and New Jersey. As a result of this partnership, Paysafe will be in charge of assisting with payments for BetParx and its customers in both states. Greenwood Gaming and Entertainment gave the go-ahead to magnify the existing partnership with Paysafe to assimilate its payments support system.
Before this partnership was expanded into New Jersey and Philadelphia, the services were only available for Michigan punters. In Michigan, Paysafe was providing financial services support for the Play Gun Lake online casino. But now, Greenwood Gaming has also opted to integrate its digital payments system into Pennsylvania and New Jersey’s apps.
This partnership will be instrumental in reinforcing the Paysafe and BetParx customer conversions and retention. Now that Paysafe has been integrated into Playtech’s technology, punters will now easily deposit and withdraw their funds more effectively. Paysafe’s payment gateway is one of the most advanced and sophisticated in the market capable of processing both debit and credit card transactions a lot faster and more securely than before.
For Paysafe, this is an opportunity for the brand to expand into 2 of the most lucrative iGaming markets in the country. New Jersey has been the mecca of iGaming ever since the Supreme Court legalized mobile sports betting in 2018. Pennsylvania also has one of the most vibrant and engaged bases of sports bettors, which makes it an excellent market for operators and iGaming suppliers.
With PaySafe, betParx’s customers in New Jersey and Pennsylvania will also easily utilize substitute payment solutions. Some of the options that will be available to players include Skill, which will enable instantaneous funding of deposits. Paysafe’s Paysafecash and Paysafecard eCash products will also be accessible for punters in both states.
In addition to all these functionalities, BetParx customers will also easily cash out any winnings they have accumulated. Customers’ payouts can be transferred directly into the bettors’ accounts where funds can be accessed in real-time or via a customer’s bank account.
What we cover
BetParx Growth and Plans for Expansion
BetParx debuted its casino and sportsbook in New Jersey and Pennsylvania not too long ago. The BetParx app was developed by Playtech, which installed its IMS platform to power the app’s backend. Although the New Jersey online gaming market is one of the most saturated in the country, the BetParx app has stepped up to offer customers a simpler, easier, and faster casino and sportsbook to deal with.
Parx Casino is still one of the largest and most recognized brick-and-mortar casinos in Pennsylvania. Parx casino also boasts a high-end popular physical sportsbook. Parx Casino launched BetParx to serve as the online casino version for punters in New Jersey, Michigan, as well as Pennsylvania.
Parx Casino first forged a partnership with Playtech last year in February for the development of the app. In addition to launching this new app in the 3 states, BetParx also recently gained market access to the Ohio sports betting market. Ohio recently received approval to launch its sports betting market after close to 3 years of heated deliberations and arguments between the advocates and antagonists of sports betting in the state.
In December last year, the Ohio Senate finally voted in favor of House Bill 29. It did not take too long for Ohio Governor Mike DeWine to sign off on Bill 29, thus finally making sports betting legal in Ohio. Now that it has been legalized, sports wagering will come to the state in both online and brick-and-mortar formats.
What’s so unique about the Ohio sports betting market is that sports betting will also be availed in stadiums, as well as bars. Come 2023, sports bettors can expect to wager in-house at any of the state’s top 3 stadiums. This means that sports bettors will soon place bets through kiosks of sportsbooks at FirstEnergy Stadium, Progressive Field, as well as Rocket Mortgage FieldHouse.
The Ohio sports betting bill also made room for an array of betting providers, including retail properties, online betting platforms, as well as sports betting kiosks in both restaurants and bars.
At the beginning of this year, BetParx also became the official mobile sports wagering sponsor of the Memorial Tournament, which is held each year. The Memorial Tournament is organized each year at the Muirfield Village Golf Club in Dublin, Ohio as part of the many tournaments that are part of the PGA Tour. Thanks to this deal, BetParx is also now the official sports wagering partner of the PGA Tour.
According to the sports wagering legislation requirements, Memorial Tournament and betPARX, will apply for a Type A license. This is what will allow the BetParx app to accept bets from Ohio punters during this year’s PGA tournament and for the coming years. Ohio is now the fourth state that BetParx will be present in, joining Michigan, New Jersey, as well as Pennsylvania.
The BetParx app will be a great addition to all 4 states because it offers a broad assortment of beloved, limited, as well as progressive slot games, table games, as well as live dealer games. The sports wagering section of the app will also supply bettors in the 4 states with a range of wager types including risk-free promotions and bonuses, as well as live in-play betting.
According to the BetParx creators, the app will present bettors with an option for a fast and secure signup process that will take no longer than one minute. BetParx customers will easily make deposits and withdrawals 24/7 and all new customers will be provided with a $20 casino bonus or free sports wager as an added incentive to sign up.
Final Thoughts
BetParx has worked hard to provide online punters in New Jersey, Michigan, Pennsylvania, and Ohio with an industry-leading app they can take advantage of. The app promises a great user experience for any punters, whether they are interested in sports or casino games. In the future, betPARX hopes to offer its iGaming and mobile sports betting products in additional states as it furthers its expansion plans in the US.
