Caesars Entertainment has officially ceased the acceptance of credit card deposits across all its online gambling platforms in the United States. This decision aligns with a growing trend within the industry as major operators move away from this payment method.
The change affects various platforms, including Caesars Sportsbook, Caesars Palace Online Casino, Horseshoe Online Casino, and WSOP Online. However, customers in Puerto Rico and Canada will still be able to use credit cards for deposits.
Players can continue to fund their accounts using alternative methods such as debit cards, ACH/eCheck, PayPal, Venmo, Apple Pay, prepaid Play+ cards, and cash deposits at select retail locations.
Caesars is not alone in this shift; it joins other prominent names in the sports betting and iGaming sectors that have eliminated credit card deposits. DraftKings made this change in August 2025, followed by FanDuel on March 2, citing a desire to enhance the deposit experience for users. BetMGM initiated a phased removal starting March 31, and bet365 followed suit on April 13. Notably, Fanatics has never accepted credit cards since its sportsbook launch.
Some operators still accepting credit cards in certain markets include BetRivers, Hard Rock Bet, theScore, Hollywood Casino, and Bally’s. This trend reflects a combination of responsible gambling initiatives led by operators and increased regulatory scrutiny.
At the state level, several jurisdictions have already banned credit card deposits for online betting, including Iowa, Massachusetts, New Hampshire, Oregon, Rhode Island, Tennessee, and Vermont. Virginia enacted a ban earlier this year, with additional bills under consideration in Colorado, New Jersey, and New York.
Despite concerns that the removal of credit cards could negatively impact operators' revenues, analysts believe the financial repercussions will be minimal. Jordan Bender, an equity research analyst at Citizens JMP Securities, indicated that the overall effect on business should be “minimal.” He noted that DraftKings’ performance did not significantly change in the months following the ban.
Macquarie Capital analyst Sam Ghafir shared a similar sentiment, estimating that credit card deposits account for approximately 10% to 20% of total gambling account deposits in the U.S. He pointed out that credit card users tend to be new and casual bettors, which might lead to a slight short-term impact as some users adjust to the new payment landscape.
However, this shift could ultimately prove advantageous for operators, as credit cards incur higher processing fees, whereas alternative payment methods are generally more cost-effective and reliable. Ghafir also noted that eliminating credit cards could mitigate future policy risks and enhance operators’ ESG (Environmental, Social, and Governance) positioning.
In conclusion, this transition seems to be motivated more by compliance, cost efficiency, and responsible gambling considerations than by immediate revenue concerns.