Quick Overview
- Caesars Entertainment has discontinued credit card deposit options across its entire U.S. online gambling portfolio, affecting Caesars Sportsbook, Caesars Palace Online Casino, Horseshoe Online Casino, and WSOP Online.
- This decision aligns with industry-wide changes made by competitors including DraftKings, FanDuel, BetMGM, and bet365 over the past twelve months.
- Alternative deposit methods remain available, including debit cards, bank transfers via ACH/eCheck, PayPal, Venmo, Apple Pay, Play+ prepaid cards, and retail cash deposits.
- Financial experts indicate minimal revenue disruption, citing DraftKings’ experience showing no significant handle changes post-implementation.
- Multiple states have already prohibited credit card deposits for online wagering, with additional legislation pending in Colorado, New Jersey, and New York.
Caesars Entertainment has implemented a complete ban on credit card deposits throughout its U.S. online gambling operations. This policy change impacts all major properties including Caesars Sportsbook, Caesars Palace Online Casino, Horseshoe Online Casino, and WSOP Online.
The restriction applies exclusively to U.S. operations, with credit card functionality remaining active for users in Puerto Rico and Canada.
This strategic shift positions Caesars as among the final major American sports betting and online casino operators to eliminate this payment option. The company joins a significant industry movement that has gained momentum throughout the previous year.
DraftKings initiated the trend by removing credit card deposits in August 2025. FanDuel implemented its own ban on March 2, citing enhanced deposit user experience as the primary motivation.
Industry Leaders Have Transitioned Away From Credit Cards
BetMGM launched its phased elimination beginning March 31. bet365 completed its credit card removal on April 13.
Fanatics distinguished itself by never offering credit card deposits since its sportsbook launch.
A select group of operators continues accepting credit cards in certain jurisdictions. This list includes BetRivers, Hard Rock Bet, theScore, Hollywood Casino, and Bally’s.
Caesars users maintain access to numerous alternative funding options. Available methods encompass debit cards, electronic bank transfers through ACH/eCheck, digital wallets like PayPal and Venmo, Apple Pay, and proprietary Play+ prepaid card solutions.
Retail cash deposits remain operational at physical locations where this service is offered.
This industry transformation represents both voluntary responsible gaming initiatives by operators and increasing state-level regulatory requirements.
Numerous states have already implemented prohibitions on credit card deposits for online gambling. This roster includes Iowa, Massachusetts, New Hampshire, Oregon, Rhode Island, Tennessee, and Vermont.
Virginia passed similar legislation effective this year. Proposed legislation addressing credit card deposits remains under consideration in Colorado, New Jersey, and New York.
Financial Experts Predict Negligible Business Impact
Despite concerns that eliminating credit cards could negatively affect revenue streams, financial analysts anticipate minimal business disruption.
Jordan Bender, equity research analyst at Citizens JMP Securities, informed Gambling Insider that the overall financial effect should be “minimal.” He referenced DraftKings’ experience, noting their handle “was not materially different in the months following the implementation.”
Bender characterized the development as “more as a headline rather than a real impact on the business.”
Macquarie Capital analyst Sam Ghafir expressed concordant views. He stated, “We think the impact will be quite small, particularly in the long run.”
Ghafir calculates that credit cards represent approximately 10% to 20% of total U.S. gambling deposit volume. He observed that credit card usage tends to concentrate among newer users and recreational bettors.
A modest temporary impact may surface during a three-to-six-month adjustment window as certain customers navigate alternative payment onboarding, though Ghafir anticipates normalization following this period.
The transition may also generate cost savings for operators. Credit card transactions typically incur elevated processing fees relative to alternative payment solutions.
Ghafir further noted that eliminating credit cards can “reduce future policy risk” while strengthening ESG credentials for gambling operators.
Operators maintaining credit card acceptance in select markets include BetRivers, Hard Rock Bet, theScore, Hollywood Casino, and Bally’s.
