Financial Services Firm Says It Received Indiana Sports Betting OK

A Canadian payments firm said it has secured access to the Indiana sports betting market.

A company called Nuvei announced last week that it is now a registrant in Indiana’s online/mobile sports gambling industry. The company joined dozens of other businesses registered for involvement with sports betting.

It’s unclear which companies Nuvei is doing business with or will do business with in the Hoosier State. The presser didn’t say.

“Nuvei’s approval to transact in the State of Indiana is just the beginning of our efforts to expand into U.S. markets,” said Philip Fayer, Nuvei’s chairman and CEO. “We are excited to be able to bring our innovative, revenue-enhancing payment technology stack to Indiana, with an eye toward further expansion in states that have legalized online sports betting.”

Nuvei, founded in 2013, said that it currently services “many of the world’s leading iGaming brands.”

Online sports betting totals

Since Indiana began retail sports wagering in September 2019, followed by online/mobile betting in October, the books have handled more than $960 million in wagers, generating nearly $80 million in revenue.

The Hoosier State’s online/mobile books include FanDuel, DraftKings, BetRivers, PointsBet, and BetMGM.

According to Nuvei’s website, it processes more than 34 billion payments annually and has more than 1,500 partners worldwide.

Nuvei is a partner with a leading sports betting platform in Romania, according to a late 2019 presser.