PayNearMe receives approval for MoneyLine platform in New York

PayNearMe has been granted approval by the New York Gaming Commission to provide its MoneyLine platform to licensed operators across the state. In conjunction with the state Gaming Commission giving approved operators the green light to launch in the state, three operators expanded into New York with MoneyLine.

Michael Kaplan, chief revenue officer and general manager at PayNearMe, said: “These clients are some of the industry’s largest operators. They have been accepting cash deposits at retail locations with PayNearMe for years and can now accept players’ cash deposits for mobile sports betting in New York,”

“We are actively working to launch additional operators upon approval and are thrilled to be paving the way in iGaming with our MoneyLine platform.”

PayNearMe received New York approval in December 2021, expanding its iGaming and online sports betting footprint to 18 states.

Kaplan added: “Enabling our clients to go live on the same day online gambling was legalized in the state of New York ensures they will be able to seamlessly manage the billions of dollars projected to be wagered online in New York over the next year,”

“Ahead of the Super Bowl, millions of fans are watching and wagering on NFL and college playoffs. PayNearMe operators will be able to offer cash as a convenient and guaranteed deposit method.”

“We have deep expertise in the industry and have worked closely with the New York Gaming Commission to ensure our service is compliant with all applicable statutory requirements,” said Connor McNulty, Senior Regulatory Counsel, PayNearMe.

“PayNearMe is focused on quickly and efficiently gaining approval as new states legalize online sports betting and iGaming.”

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