Kansas Sports Betting Market Expands Payment Options as Paysafe Launches

Kansas Sports Betting Market Expands Payment Options as Paysafe Launches
By Christopher Boan
Fact Checked by Michael Peters

One of the nation’s largest iGaming payment platforms has been approved to handle Kansas sports betting payments.

Paysafe added Kansas as its 23rd market in the country Tuesday, accepting money on behalf of its longstanding clients, Caesars Sportsbook, DraftKings Sportsbook, and PointsBet Kansas.

The addition of payment processing companies like Paysafe allows Kansas sportsbook apps customers to link their bank accounts with whichever sportsbook they use, streamlining the deposit and withdrawal process.

For Paysafe, Kansas joins New York, Louisiana, Oregon, Ontario and Arkansas as markets the company has launched in this year alone.

“We’re delighted to continue our 2022 North American expansion by entering Kansas, the newest regulated U.S. iGaming market,” said Zak Cutler, the Paysafe CEO, in a press release. “We look forward to using our payment solutions and affiliate marketing technology to help operators in Kansas establish their brands by acquiring new players and retaining them, to also ensure the wider market’s growth.”

Come to BetKansas.com for Kansas sportsbook promos as you place wagers during football season.

Exciting Time to Be Involved in Kansas Sports Betting

The sportsbook scene in Kansas that Paysafe is joining is a rosy one, with Stephen Durrell, who serves as the executive director of the Kansas Lottery, telling BetKansas.com the opening stretch of wagering has been a home run for all involved.

The immense interest in wagering from Kansans (and Missourians) out of the gate Sept. 1 has taken those involved, like Durrell, by surprise — as it shows how much demand there is for sports betting in the newest market in the U.S.

“I think that we've all been a little bit surprised about just how many wagers are being placed by folks that have an interest in sports betting,” Durrell told BetKansas.com on Monday. “I think that we all knew that there was sort of a pent-up demand for sports wagering, but definitely people have been interested in it.”

After reporting close to $49 million in wagers and 2.4 million bets during the state’s opening 10 days of wagering, it appears Kansas is set to get bigger and bolder from here.

Todd Allen, who serves as the Kansas Racing and Gaming Commission’s director of wagering, told BetKansas.com the state’s newest operators have put forth a product that has won over customers.

Those efforts should only grow from here, Allen said.

“If our providers can continue to put forth a good product and keep the bettors excited — I think what you have to do is you get those people to start betting,” Allen said. “But then, to keep them over time, you have to put forth a good product and turn a lot of those people into lifers, where they're going to continue to want to do this, rather than just doing it right off the bat as a fad.

“But I think we do have a lot of sports-friendly people in our state.”

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Christopher Boan is a lead writer at BetKansas.com specializing in covering state issues. He covered sports and sports betting in Arizona for more than seven years.

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