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DraftKings No Longer Accepting Credit Cards For Online Casino, Sportsbook
By Drew Ellis
Published:
Effective now, DraftKings will no longer be accepting credit cards as a way for users to fund their gambling accounts.
The online casino and sports betting operator communicated this move with customers last week via email. DraftKings stated the new policy went into effect on Monday, Aug. 25.
Pennsylvania online casino players will have one less funding option for DraftKings Casino PA moving forward.
DraftKings Cites “Consumer Protection” for Decision
DraftKings has become the latest online gambling operator to prohibit credit card deposits. It joins the likes of Fanatics Betting and Gaming, Betr, and Sporttrade.
In the email to customers, DraftKings noted any stored credit cards will be disabled from making deposits. Any future attempts to add a credit card for depositing will also be disabled.
In a statement to multiple media outlets, a DraftKings representative stated:
“DraftKings has made the strategic business decision to remove credit cards as a deposit option for sportsbook and casino in the United States. The change is intended to help customers avoid cash advance fees and higher interest rates often associated with this payment method and otherwise improve the deposit experience.”
DraftKings also noted that most customers don’t utilize credit cards for making deposits.
Credit card use for online gambling can subject users to cash advance fees. If those fees aren’t paid, it can lead to higher interest rates for the user.
DraftKings Fined $450,000 for Credit Card Wagers
This move comes following a recent fine that DraftKings received from the Massachusetts Gaming Commission (MGC).
The MGC fined DraftKings $450,000 for improperly accepting over 1,000 sports betting wagers that were funded through credit cards.
Along with the fines, DraftKings was required to refund $83,667.92 in credit card wagers to 218 customers. The fines were levied on July 25.
These illegal wagers took place from March 10, 2023-Feb. 14, 2024. The MGC’s fine was the largest it had given to a licensed online operator since online sports betting began in Massachusetts in 2023.
DraftKings stated the policy change was unrelated to this fine.
How Can Online Casino Players Fund Their DraftKings Account?
While credit cards are no longer accepted, DraftKings Casino provides plenty of deposit options for users.
Deposit options include:
- ACH/e-check
- Apple Pay
- Bank/Wire Transfer
- Debit Cards
- Gift Cards
- PayPal
- Venmo
DraftKings also allows for payments to be made a select retail casinos or participating retail stores. The operator gives users a barcode to scan and present to a cashier. Then, you can give cash that will be deposited into your online account. Deposits can range from $5-$500 per day.
Along with Pennsylvania, DraftKings Casino also exists in New Jersey, Michigan, West Virginia, and Connecticut.
Drew Ellis has experience covering the gambling industries in North America and around the world. Decades of media experience provide him with the background to handle the complexities of different gambling laws and policies around the United States and North America. Ellis has primarily focused on online and retail casino news since 2021. Prior to working in the gambling industry, Ellis spent over 20 years in the newspaper industry, covering sports and the gambling. His work for The Mt. Pleasant Morning Sun and The Oakland Press was recognized with awards by the Associated Press and other media organizations. Drew has also contributed to the Detroit Free Press and the Associated Press.