Key Takeaways
- Caesars Entertainment has discontinued credit card deposit options across its entire U.S. online gaming portfolio, affecting Caesars Sportsbook, Caesars Palace Online Casino, Horseshoe Online Casino, and WSOP Online platforms.
- This action aligns with similar steps taken by DraftKings, FanDuel, BetMGM, and bet365, all of which eliminated credit card funding over the last twelve months.
- Account funding alternatives remain available, including debit cards, ACH/eCheck transfers, PayPal, Venmo, Apple Pay, prepaid Play+ cards, and in-person cash deposits at physical locations.
- Financial experts anticipate negligible revenue effects, citing DraftKings’ experience showing no significant betting volume changes following their credit card removal.
- Multiple U.S. jurisdictions have already prohibited credit card deposits for online wagering, with pending legislation in Colorado, New Jersey, and New York.
Caesars Entertainment has implemented a complete halt on credit card deposit acceptance throughout its U.S.-based online gambling operations. This policy adjustment affects all major platforms under the Caesars umbrella: Caesars Sportsbook, Caesars Palace Online Casino, Horseshoe Online Casino, and WSOP Online.
The credit card payment option remains functional for Caesars customers operating in Puerto Rico and Canada.
This strategic shift positions Caesars among the final major American sports wagering and online casino operators to abandon this funding method. The decision reflects an industry-wide transformation that has accelerated throughout the previous twelve months.
DraftKings discontinued credit card deposits in August 2025. FanDuel implemented their change on March 2, characterizing the decision as an enhancement to customer deposit processes.
Industry Leaders Have Already Transitioned Away
BetMGM launched a gradual implementation beginning March 31. bet365 removed credit card options on April 13.
Fanatics distinguished itself by never offering credit card deposits from its sportsbook’s initial launch.
Several operators continue to permit credit card deposits in certain jurisdictions. This group encompasses BetRivers, Hard Rock Bet, theScore, Hollywood Casino, and Bally’s.
Caesars users maintain access to numerous alternative funding mechanisms. Available options encompass debit cards, ACH/eCheck transfers, PayPal, Venmo, Apple Pay, and prepaid Play+ cards.
Physical cash deposits at brick-and-mortar facilities remain accessible in locations where this service is offered.
This industry-wide movement represents both voluntary responsible gaming initiatives from operators and intensifying regulatory scrutiny at the state government level.
Numerous states have already implemented prohibitions on credit card deposits for online wagering activities. This list comprises Iowa, Massachusetts, New Hampshire, Oregon, Rhode Island, Tennessee, and Vermont.
Virginia passed its prohibition legislation earlier this calendar 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 experts anticipate the monetary consequences will be negligible.
Jordan Bender, who serves as an equity research analyst at Citizens JMP Securities, informed Gambling Insider that the comprehensive impact should prove “minimal.” He referenced DraftKings’ betting volume, noting it “was not materially different in the months following the implementation.”
Bender characterized this development as functioning “more as a headline rather than a real impact on the business.”
Sam Ghafir, an analyst with Macquarie Capital, expressed comparable sentiments. He stated, “We think the impact will be quite small, particularly in the long run.”
Ghafir projects credit cards represent approximately 10% to 20% of total U.S. gambling account funding transactions. He observed that credit card usage patterns tend to concentrate among newly registered users and recreational bettors.
A moderate short-term disruption spanning three to six months may occur as certain customers navigate onboarding adjustments, though Ghafir anticipates this will stabilize.
The transition could generate cost savings for operators. Credit card transactions incur elevated processing charges relative to alternative payment options.
Ghafir emphasized that discontinuing credit cards can “reduce future policy risk” and strengthen ESG credentials for gaming companies.
Operators maintaining credit card acceptance in select markets include BetRivers, Hard Rock Bet, theScore, Hollywood Casino, and Bally’s.
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