Ohio Moves Toward Credit Card Ban for Sports Betting
Ohio’s Initiative to Ban Credit Card Use for Sports Betting
The state of Ohio is making moves to prohibit its residents from using credit cards to place bets on sports. This effort reflects the intentions signaled by Governor Mike DeWine through recent regulatory proposals presented by his administration.
Public Review and Implementation Timeline
The Ohio Casino Control Commission recently published a draft rule for public viewing, opening a comment period that lasts until May 15, 2026. Following this, the commission will conduct a public hearing before forwarding the rule to a legislative panel for detailed examination. If approved, the new regulations could be implemented by late summer.
Exclusion of Debit Cards from the Proposed Rule
It’s important to note that the proposed restrictions specifically target credit cards and do not apply to debit cards, which remain the most widely used payment method among sports bettors in Ohio.
Joining Other States with Similar Bans
Should the credit card ban be enacted, Ohio would become one of at least ten states taking similar actions to restrict credit card use for sports wagering activities.
Practical Impact May Be Limited
In reality, the effect of a formal ban might be less significant than anticipated. Major online sportsbooks like FanDuel, DraftKings, BetMGM, and Caesars have already independently stopped allowing credit card deposits over the past year.
Additionally, credit card companies have started treating sports betting purchases as cash advances, imposing higher fees and interest rates on such transactions.
Recent Legislative Context and Concerns
Last month, a proposed bill aimed at reversing some online sports betting policies included provisions for banning credit card deposits. Sports betting has been legal in Ohio since 2023.
State representative and co-sponsor of the bill, Gary Click, highlighted the risk faced by gambling addicts who often accumulate debt through repeated losses and then grapple with the harsh reality of unaffordable credit card bills.
