DraftKings Ends Credit Card Deposits to Promote Safer Gambling

DraftKings Discontinues Credit Card Payments for US Customers

DraftKings, a leading name in US sports betting and online gaming, has announced that it will no longer accept credit card payments from its American users. This change is part of the company’s efforts to promote responsible gambling and help prevent players from overspending.

Impact on DraftKings Sportsbook and Online Casino

Starting Monday, August 25, DraftKings will disable credit card payment options for both its sportsbook and online casino platforms. Customers will see their saved credit card information automatically removed from the system as part of this update.

The company emphasized that this move aims to protect users from costly cash advance fees and the high-interest rates that often come with using credit cards for deposits. DraftKings stated that the change is designed to improve the overall deposit experience for its customers.

It’s important to note that this policy shift applies exclusively to the sportsbook and casino services, leaving DraftKings’ daily fantasy sports offerings unaffected.

Alignment with Industry Trends and Regulatory Compliance

Beyond customer convenience and fee avoidance, this decision helps DraftKings comply with regulations in states where the use of credit cards for gambling is banned. Although this update was voluntary and not mandated by authorities, it reinforces the company’s commitment to operating within legal frameworks.

Previously, DraftKings faced regulatory penalties in Massachusetts after credit card deposits led to violations of local laws, resulting in a fine of $450,000.

More broadly, the US gambling industry is moving toward limiting credit card use due to concerns about player safety and responsible gaming practices.