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Caesars Entertainment has officially ended credit card deposits across its U.S. gambling platforms, including Caesars Sportsbook, Caesars Palace Online Casino, Horseshoe Online Casino, and WSOP Online. The change aligns with a growing industry trend, as more operators move away from credit card payments.
Players can still fund their accounts using debit cards, ACH/eCheck, PayPal, Venmo, Apple Pay, prepaid Play+ cards, and cash deposits at retail locations where available. However, credit card deposits will continue to be supported in Puerto Rico and Canada.
This decision comes as part of a broader industry shift. DraftKings removed credit card deposits in August 2025, FanDuel followed in March, and BetMGM began a phased rollout starting March 31. bet365 also eliminated credit cards on April 13. Notably, Fanatics has never accepted credit cards since launching its sportsbook. Operators that still accept credit cards in some markets include BetRivers, Hard Rock Bet, theScore, Hollywood Casino, and Bally’s.
The trend is driven by both responsible gambling initiatives and regulatory pressures. Several U.S. states, including Iowa, Massachusetts, New Hampshire, Oregon, Rhode Island, Tennessee, and Vermont, already prohibit credit card deposits for online betting. Virginia enacted a ban earlier this year, and similar legislation is being considered in Colorado, New Jersey, and New York.
Analysts suggest the financial impact of removing credit cards will be minimal. Jordan Bender from Citizens JMP Securities noted that DraftKings’ handle ‘was not materially different in the months following the implementation.’ Sam Ghafir from Macquarie Capital echoed this sentiment, stating: ‘We think the impact will be quite small, particularly in the long run.’ He estimates that credit cards account for roughly 10% to 20% of U.S. gambling account deposits, with users tending to be new or casual bettors.
While there may be a short-term impact as some users face onboarding friction, this effect should normalize over a three-to-six-month period. The shift to alternative payment methods is also financially advantageous for operators, as credit cards carry higher processing fees. Removing credit cards can ‘reduce future policy risk’ and improve ESG positioning, according to Ghafir.
