Nuvei Corporation , the global payment technology partner of thriving brands, has announced that its wholly-owned subsidiary has been granted permission to provide payment processing services to daily fantasy sports and sports wagering operators in Louisiana. The approval by the Louisiana Gaming Control Board enables the Company to support online sports betting across the state.
Latest Fintech Insights: DeFi Technologies Announces Uniswap Exchange Traded Product (ETP) to Begin Trading on Nordic Growth Market through Subsidiary Valour
The Louisiana sports betting industry is expected to attract more than $200 million in operator revenue and over $2.5 billion in annual sports wagers. Louisiana’s first four commercial retail sportsbooks started operating on 2021. While online sports betting is anticipated to go live by 2022, consumers currently have access to pre-launch offers from online sportsbooks.
Browse The Complete News About Fintech : Introducing the TabTrader Token
Nuvei’s approval ensures that it can provide online gaming operators in Louisiana with its innovative payment technology and industry expertise, allowing them to accept more payment types and optimize transactions to drive additional revenue streams. Currently, the Company can offer its services to operators in 17 states where online wagering has been legalized, as it continues to expand its footprint across the U.S. Notable industry clients include Carousel Group, 888 and SI Sportsbook, PrizePicks, Triplebet/Matchbet, and BetMGM.
Read More About Fintech News : Versabank Expands Successful Closed Ecosystem Testing for Revolutionary Digital Deposit Receipts: Adds US Dollar Receipts, Algorand and Ethereum Blockchains, and Receipt Distributor to Testing
[To share your insights with us, please write to sghosh@martechseries.com]
