BetMGM has begun gradually eliminating credit card deposits across its US platforms, becoming another operator to remove the payment option.
According to an official statement, from 31 March 2026, customers will no longer be able to add new credit cards to their accounts. Existing cards will continue to work for a limited time, but the company has confirmed that these will also be removed in stages. A final deadline for the complete withdrawal has not yet been announced.
The move came to light during a recent hearing of the Pennsylvania Gaming Control Board (PGCB), where BetMGM executives appeared regarding a separate compliance matter.
Decision after a $100,000 fine dispute
The operator was fined $100,000 after regulators found shortcomings in its know-your-customer (KYC) procedures. During the meeting, PGCB Chair Denise J. Smiley questioned company representatives on their approach to credit card usage. Senior legal counsel Joseph Caputi said the issue was under review, before chief compliance officer Rhea Loney confirmed that a full phase-out was already underway.
“In the coming days, as of March 31, we will no longer be allowing new credit cards to be added,” Loney told the board, describing the policy as a gradual withdrawal of credit card use across BetMGM’s platforms.
The company has not issued further public details on how quickly the remaining accounts will be affected. BetMGM’s decision reflects a wider trend among major US gambling operators. Over the past year, several leading platforms have moved away from credit card deposits, citing concerns around costs, regulation and customer protection. As the industry shifts payment strategies, many players are also exploring alternative platforms and resources such as the best real money slots sites to better understand their options beyond traditional deposit methods.
Visible pattern since 2025
Since last year, operators have increasingly discontinued credit card payments. DraftKings ended credit card acceptance in August 2025, citing additional costs for customers, such as cash advance fees and higher interest rates on gambling transactions.
It continues to offer alternatives such as debit cards, bank transfers and digital wallets. FanDuel followed with a similar policy, removing credit cards from its sportsbook, casino and racing products from 2 March 2026. It said the change was intended to streamline deposits and reduce friction for users.
Fanatics Betting and Gaming, another operator in the US market, has never allowed credit card deposits. The shift comes amid growing scrutiny from policymakers.
Senator Elizabeth Warren has recently written to several gambling firms, asking for details on what she described as “abusive” fees linked to credit card betting. Her concerns draw on findings from a 2024 report by the Consumer Financial Protection Bureau, which pointed to a rise in credit card cash use following the expansion of legal sports betting in the US.
Such transactions can carry additional costs, with some users charged $10 or more per bet, alongside immediate interest. Several US states, including Massachusetts, Iowa and Tennessee, have already introduced restrictions on credit card gambling, largely to reduce the risk of debt-related harm.
With no federal ban in place, operators appear to be moving voluntarily. Industry data suggests that between 19 percent and 24 percent of global consumers used credit to gamble in 2024, underlining the scale of the issue. For now, companies are steering users towards debit cards, bank transfers and prepaid balances, seen as lower-risk alternatives in a market facing tighter oversight.
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