{"id":4497,"date":"2026-03-31T01:30:06","date_gmt":"2026-03-31T01:30:06","guid":{"rendered":"https:\/\/blockchaincasinohub.com\/news\/credit-card-bans-have-minimal-impact-on-sports-betting-revenue-analysts\/"},"modified":"2026-03-31T01:30:06","modified_gmt":"2026-03-31T01:30:06","slug":"credit-card-bans-have-minimal-impact-on-sports-betting-revenue-analysts","status":"publish","type":"post","link":"https:\/\/blockchaincasinohub.com\/news\/credit-card-bans-have-minimal-impact-on-sports-betting-revenue-analysts\/","title":{"rendered":"Credit Card Bans Have \u2018Minimal\u2019 Impact on Sports Betting Revenue: Analysts"},"content":{"rendered":"<p><!--NACM_LINK_HIGHLIGHT_HOVER_CSS--><\/p>\n<style>\n\/* ===============================\n   NACM HIGHLIGHT ITEM HOVER\n   =============================== *\/\n.nacm-highlight-item{\n  transition: box-shadow .25s ease, transform .25s ease;\n}\n.nacm-highlight-item:hover{\n  box-shadow:0 14px 34px rgba(0,0,0,0.22) !important;\n  transform: translateY(-1px);\n}\n<\/style>\n<p><!--NACM_LINK_DEFAULT_HOVER_CSS--><\/p>\n<style>\n\/* ===============================\n   NACM DEFAULT LINK BOX HOVER\n   =============================== *\/<\/p>\n<p>\/* \u2705 \uae30\ubcf8\ud615 \ubc15\uc2a4 hover: \uadf8\ub9bc\uc790 \uac15\ud654 (inline box-shadow\ub3c4 \ub36e\uc5b4\uc500) *\/\n.nacm-link-wrapper .nacm-link-box{\n  transition: box-shadow .25s ease, transform .25s ease;\n}\n.nacm-link-wrapper .nacm-link-box:hover{\n  box-shadow:0 14px 32px rgba(0,0,0,0.18) !important;\n}<\/p>\n<p>\/* \u2705 \uae30\ubcf8\ud615 \ub9c1\ud06c hover: \uc0c9\uc0c1 \ubcc0\uacbd (WP \uc804\uc5ed a:hover \ub36e\uc5b4\uc500) *\/\n.nacm-link-wrapper a.nacm-link{\n  transition: color .2s ease;\n}\n.nacm-link-wrapper a.nacm-link:hover{\n  color:#1e88ff !important;\n  text-decoration:none !important;\n}\n<\/style>\n<p><!--NACM_STRONG_CSS--><\/p>\n<style>\n.nacm-strong{\n  font-weight: normal;\n  text-decoration: underline;\n  text-decoration-color: #e53935;\n  text-decoration-thickness: 2.5px;\n  text-underline-offset: 3px;\n}\n<\/style>\n<p>BetMGM will remove credit card deposits on all U.S. platforms beginning March 31, 2026, after the Pennsylvania Gaming Control Board fined the operator $100,000 for lapses in KYC and fraud controls that allowed multiple fraud rings to exploit stolen identities and payment methods.<\/p>\n<h2>How the PGCB findings prompted the change<\/h2>\n<p>The Pennsylvania Gaming Control Board\u2019s investigation uncovered four separate fraud schemes tied to <strong class=\"nacm-strong\">BetMGM<\/strong> and Borgata accounts, including one ring that ran for more than two years and placed nearly $900,000 in wagers through over 100 fraudulent accounts. Regulators cited shared phone numbers, IP addresses and compromised financial instruments\u2014and even accounts using deceased individuals\u2019 identities\u2014as evidence of systemic verification failures.<\/p>\n<p>PGCB\u2019s $100,000 fine flagged the gaps in BetMGM\u2019s identity verification and transaction monitoring as the proximate cause for the new policy: BetMGM will disallow new credit cards and remove stored cards from accounts starting March 31, 2026. This move is framed by the operator as compliance and consumer-protection-driven rather than a revenue decision.<\/p>\n<h2>How BetMGM\u2019s step matches other operators and state rules<\/h2>\n<p>BetMGM joins DraftKings and FanDuel, both of which have already banned credit card deposits for consumer-protection and regulatory reasons. State-level rules vary: Massachusetts, Iowa and Tennessee already prohibit credit card funding for online betting, while New York, New Jersey, Virginia and Maine are among states actively considering similar restrictions.<\/p>\n<div class=\"nacm-desktop-only\">\n<div class=\"nacm-link-wrapper\" style=\"width:90%;margin:28px auto;\">\n<div class=\"nacm-link-box-title\" style=\"font-size:0.9em;font-weight:800;margin:0 0 12px 4px;letter-spacing:0.3px;\">You May Also Like<\/div>\n<style>\n\/* \u2705 \uce74\ub4dc \uac1c\ubcc4 hover *\/\n.nacm-card-item{\n  transition: box-shadow .25s ease;\n}\n.nacm-card-item:hover{\n  box-shadow:0 14px 30px rgba(0,0,0,.18);\n}<\/p>\n<p>\/* \uc774\ubbf8\uc9c0 \ud655\ub300 *\/\n.nacm-card-item .nacm-card-img{\n  overflow:hidden;\n}\n.nacm-card-item .nacm-card-img img{\n  transition:transform .35s ease;\n}\n.nacm-card-item:hover .nacm-card-img img{\n  transform:scale(1.06);\n}<\/p>\n<p>\/* \ud0c0\uc774\ud2c0 \uc0c9\uc0c1 *\/\n.nacm-card-item .nacm-card-title a{\n  transition:color .25s ease;\n}\n.nacm-card-item:hover .nacm-card-title a{\n  color:#1e88ff !important;\n}\n<\/style>\n<div class=\"nacm-link-box nacm-link-box--card\" style=\"border:1px solid #e5e7eb;border-radius:16px;padding:18px;background:#fff;\">\n<div class=\"nacm-card-item\" style=\"display:flex;gap:18px;align-items:stretch;border-radius:14px;overflow:hidden;border:1px solid #eef0f3;\">\n<div class=\"nacm-card-img\" style=\"flex:0 0 40%;max-width:40%;\"><img decoding=\"async\" src=\"https:\/\/blockchaincasinohub.com\/news\/wp-content\/uploads\/2026\/03\/students-in-white-uniforms-sitting-at-desks-in-classroom.webp\" alt=\"DraftKings Pushes High-School Gambling Education \u2014 Age Checks Aren&#8217;t Stopping Minors\" style=\"width:100%;height:100%;object-fit:cover;display:block;\" \/><\/div>\n<div style=\"padding:14px 16px;flex:1;min-width:0;\">\n<div class=\"nacm-card-title\" style=\"font-size:1.08em;font-weight:800;line-height:1.25;\"><a href=\"https:\/\/blockchaincasinohub.com\/news\/draftkings-pushes-high-school-gambling-education-age-checks-arent-stopping-minors\/\" target=\"_self\" style=\"text-decoration:none;\">DraftKings Pushes High-School Gambling Education \u2014 Age Checks Aren&#8217;t Stopping Minors<\/a><\/div>\n<div style=\"margin-top:6px;font-size:0.9em;line-height:1.45;color:#6b7280;display:-webkit-box;-webkit-line-clamp:2;-webkit-box-orient:vertical;overflow:hidden;\">DraftKings is urging U.S. high schools to add gambling education because its reporting \u2014 and state data \u2014 show that age-verification systems alone are failing to stop minors. Regulators and operators detect thousands of underage registration attempts and suspended accounts, yet most responses remain limited to bans rather than stronger enforcement or prevention measures. How [&hellip;]<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<style>\n@media (max-width:768px){\n  .nacm-desktop-only{display:none!important;}\n  .nacm-mobile-only{display:block!important;}\n}\n@media (min-width:769px){\n  .nacm-mobile-only{display:none!important;}\n}\n<\/style>\n<div class=\"nacm-mobile-only\" style=\"width:92%;margin:16px auto;\">\n<p><a href=\"https:\/\/blockchaincasinohub.com\/news\/draftkings-pushes-high-school-gambling-education-age-checks-arent-stopping-minors\/\" target=\"_self\" style=\"text-decoration:none;\"><\/p>\n<div style=\"\n    display:flex;\n    gap:10px;\n    align-items:center;\n    padding:10px;\n    border:1px solid #e0e0e0;\n    border-radius:6px;\n    margin-bottom:10px;\n    background:#fff;\n  \"><br \/>\n    <img decoding=\"async\" src=\"https:\/\/blockchaincasinohub.com\/news\/wp-content\/uploads\/2026\/03\/students-in-white-uniforms-sitting-at-desks-in-classroom.webp\" alt=\"DraftKings Pushes High-School Gambling Education \u2014 Age Checks Aren&#8217;t Stopping Minors\" style=\"\n      width:64px;\n      height:64px;\n      object-fit:cover;\n      border-radius:4px;\n      flex-shrink:0;\n    \"><\/p>\n<div style=\"\n      font-size:14px;\n      font-weight:600;\n      line-height:1.4;\n      color:#111;\n      display:-webkit-box;\n      -webkit-line-clamp:2;\n      -webkit-box-orient:vertical;\n      overflow:hidden;\n    \">DraftKings Pushes High-School Gambling Education \u2014 Age Checks Aren&#8217;t Stopping Minors<\/div>\n<\/p><\/div>\n<p><\/a>\n<\/div>\n<table style=\"border-collapse:collapse; border:1px solid #999;\">\n<tr>\n<th style=\"border:1px solid #999; padding:6px; text-align:left;\">Operator \/ Jurisdiction<\/th>\n<th style=\"border:1px solid #999; padding:6px; text-align:left;\">Action<\/th>\n<th style=\"border:1px solid #999; padding:6px; text-align:left;\">Why it matters<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #999; padding:6px;\">BetMGM (U.S.)<\/td>\n<td style=\"border:1px solid #999; padding:6px;\">Phase out credit card deposits from Mar 31, 2026; remove existing cards<\/td>\n<td style=\"border:1px solid #999; padding:6px;\">Response to PGCB $100,000 fine for KYC\/fraud failures; limits fraud vector<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #999; padding:6px;\">DraftKings<\/td>\n<td style=\"border:1px solid #999; padding:6px;\">Credit card deposits already banned<\/td>\n<td style=\"border:1px solid #999; padding:6px;\">Cited consumer protection and regulatory alignment<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #999; padding:6px;\">FanDuel<\/td>\n<td style=\"border:1px solid #999; padding:6px;\">Credit card deposits already banned<\/td>\n<td style=\"border:1px solid #999; padding:6px;\">Similar rationale; reduces exposure to stolen-card fraud<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #999; padding:6px;\">Massachusetts, Iowa, Tennessee<\/td>\n<td style=\"border:1px solid #999; padding:6px;\">State-level bans in place<\/td>\n<td style=\"border:1px solid #999; padding:6px;\">Proactive legislative approach to consumer risk<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #999; padding:6px;\">New York, New Jersey, Virginia, Maine<\/td>\n<td style=\"border:1px solid #999; padding:6px;\">Legislation under consideration<\/td>\n<td style=\"border:1px solid #999; padding:6px;\">Could standardize restrictions across larger markets<\/td>\n<\/tr>\n<\/table>\n<h2>Where money will move and the operational consequences<\/h2>\n<p>Analysts expect credit cards\u2014which currently account for roughly 10\u201320% of deposit volume\u2014to shift mainly to debit cards, ACH transfers and digital wallets. Those rails typically carry lower processing fees and a different fraud profile: ACH and wallets give operators clearer settlement records but can require stronger KYC at onboarding to prevent the same identity abuses the PGCB documented.<\/p>\n<p>For operators, the change reduces one high-risk vector but heightens the importance of real-time identity checks and bank-account verification. For bettors, the practical result is faster migration for most users but potential onboarding friction: accounts funded via ACH or digital wallets often require instant or delayed micro-deposits, identity checks, or bank verification that can slow initial play or withdrawals.<\/p>\n<h2>Concrete steps for bettors and compliance checkpoints to watch<\/h2>\n<p>Bettors should unlink credit cards now and set up at least one alternative funding method\u2014ACH, debit card, or a supported digital wallet\u2014before March 31, 2026 to avoid interrupted access. Pay attention to withdrawal rules tied to your funding source: operators commonly require withdrawal via the same rail used for deposits or demand additional verification when switching rails, and BetMGM has warned that stored cards will be removed from accounts.<\/p>\n<h3>Quick Q&amp;A<\/h3>\n<div class=\"nacm-image-wrapper\" style=\"width:90%;margin:28px auto;border-radius:18px;overflow:hidden;box-shadow:0 16px 36px rgba(0,0,0,0.22);\"><img decoding=\"async\" src=\"https:\/\/blockchaincasinohub.com\/news\/wp-content\/uploads\/2026\/03\/black-leather-bifold-wallet-on-persons-hand.webp\" alt=\"black leather bifold wallet on persons hand\" loading=\"lazy\" style=\"width:100%;height:auto;display:block;\" \/><\/div>\n<p><strong>When does the ban start?<\/strong> March 31, 2026\u2014BetMGM will stop allowing new cards and will remove existing card links.<\/p>\n<p><strong>Will I still be able to withdraw to my credit card?<\/strong> Check your account terms: many operators limit card withdrawals once funding is removed and may require withdrawals via ACH or a linked bank account; confirm with BetMGM support before the change.<\/p>\n<p><strong>Does this mean betting will become more expensive or slower?<\/strong> Not necessarily. Debit, ACH and wallets often lower processing costs; the trade-off is extra verification steps that can delay first deposits or withdrawals until identity and bank links are confirmed.<\/p>\n<p><strong>What should regulators and operators monitor next?<\/strong> Watch for state-level legislation in New York, New Jersey, Virginia and Maine and for how BetMGM and peers implement stronger KYC and transaction monitoring after the PGCB fine\u2014those steps will determine whether fraud migration is contained or merely shifts form.<\/p>\n<p><!-- WordPress category id --><br \/>\n<!-- 1 | news --><\/p>\n<div class=\"nacm-link-wrapper\" style=\"width:90%;margin:28px auto;\">\n<div class=\"nacm-link-box-title\" style=\"font-size:0.9em;font-weight:800;margin:0 0 12px 4px;letter-spacing:0.3px;\">Additional Resources<\/div>\n<div class=\"nacm-highlight-item\" style=\"display:flex;background:#ffffff;border-radius:12px;overflow:hidden;margin:10px 0;box-shadow:0 6px 18px rgba(0,0,0,0.15);transition:box-shadow .25s ease, transform .25s ease;\">\n<div style=\"flex:0 0 6px;background:#00d9ff;border-top-left-radius:12px;border-bottom-left-radius:12px;\"><\/div>\n<div style=\"padding:14px 16px;display:flex;align-items:center;line-height:1.45;min-height:56px;background:#ffffff;\"><a class=\"nacm-link\" href=\"https:\/\/www.oddstrader.com\/news\/betmgm-to-ban-credit-card-deposits\/\" target=\"_blank\" rel=\"noopener\" style=\"font-size:0.82em;font-weight:600;color:#1a1a1a;line-height:1.45;text-decoration:none;\">BetMGM Bans Credit Card Deposits Following Regulatory Action<\/a><\/div>\n<\/div>\n<div class=\"nacm-highlight-item\" style=\"display:flex;background:#ffffff;border-radius:12px;overflow:hidden;margin:10px 0;box-shadow:0 6px 18px rgba(0,0,0,0.15);transition:box-shadow .25s ease, transform .25s ease;\">\n<div style=\"flex:0 0 6px;background:#00d9ff;border-top-left-radius:12px;border-bottom-left-radius:12px;\"><\/div>\n<div style=\"padding:14px 16px;display:flex;align-items:center;line-height:1.45;min-height:56px;background:#ffffff;\"><a class=\"nacm-link\" href=\"https:\/\/deadspin.com\/legal-betting\/betmgm-credit-card-ban-reflects-responsible-gaming-push\/\" target=\"_blank\" rel=\"noopener\" style=\"font-size:0.82em;font-weight:600;color:#1a1a1a;line-height:1.45;text-decoration:none;\">BetMGM to Ban Credit Card Deposits<\/a><\/div>\n<\/div>\n<div class=\"nacm-highlight-item\" style=\"display:flex;background:#ffffff;border-radius:12px;overflow:hidden;margin:10px 0;box-shadow:0 6px 18px rgba(0,0,0,0.15);transition:box-shadow .25s ease, transform .25s ease;\">\n<div style=\"flex:0 0 6px;background:#00d9ff;border-top-left-radius:12px;border-bottom-left-radius:12px;\"><\/div>\n<div style=\"padding:14px 16px;display:flex;align-items:center;line-height:1.45;min-height:56px;background:#ffffff;\"><a class=\"nacm-link\" href=\"https:\/\/gamingcontrolboard.pa.gov\/news-and-transparency\/press-release\/pa-gaming-control-board-fines-betmgm-100000\" target=\"_blank\" rel=\"noopener\" style=\"font-size:0.82em;font-weight:600;color:#1a1a1a;line-height:1.45;text-decoration:none;\">PA Gaming Control Board Fines BetMGM $100,000 | PGCB<\/a><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BetMGM will remove credit card deposits on all U.S. platforms beginning March 31, 2026, after the Pennsylvania Gaming Control Board fined the operator $100,000 for lapses in KYC and fraud controls that allowed multiple fraud rings to exploit stolen identities and payment methods. How the PGCB findings prompted the change The Pennsylvania Gaming Control Board\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4495,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1698,946,1587,1697,412,723,1696,308,1456,1695],"class_list":["post-4497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ach-transfers","tag-betmgm","tag-credit-card-ban","tag-digital-wallets","tag-fraud-prevention","tag-gambling-regulations","tag-kyc-compliance","tag-online-betting","tag-payment-methods","tag-pgcb-fine"],"_links":{"self":[{"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/posts\/4497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/comments?post=4497"}],"version-history":[{"count":0,"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/posts\/4497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/media\/4495"}],"wp:attachment":[{"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/media?parent=4497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/categories?post=4497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/tags?post=4497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}