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Summary:
- Starting next month, FanDuel will no longer accept credit card deposits for sportsbook, casino, and racing.
- The change aims to protect customers from high fees and interest charged when credit cards are used for betting.
- Senator Elizabeth Warren was among the first to praise the move.
FanDuel Sportsbook is taking a big step toward reducing hidden costs for bettors. Beginning March 2, the platform will no longer accept credit cards for deposits across its sportsbook, casino, and racing offerings in the U.S.
The company said in a statement it made the change after reviewing how customers fund their accounts.
This change was made to improve the deposit experience for our customers
The move addresses the high fees and interest that often come with using credit cards to gamble.
In most cases, funding a sports bet with a credit card counts as a cash advance. That means users could pay a one-time fee, often $10 or 3–5% of the bet, plus interest that starts immediately. For example, a $20 bet could cost an extra $10 just in fees.
Sen. Warren: No More “Junk Fees”
US Senator Elizabeth Warren applauded FanDuel’s decision.
Credit card companies will no longer be allowed to scam Americans with junk fees in the majority of the sports betting market
She added that the rest of the industry should follow FanDuel’s lead.
Senator Warren has been scrutinizing the issue. Before Super Bowl LX, she sent letters to major sports betting companies demanding details on abusive credit card fees, warning that many customers don’t realize they could be hit with cash advance charges.
Many users are unaware of the costs and fees associated with this type of credit card use, which can push them into financial trouble when gambling
DraftKings already made a similar move, showing a growing industry trend toward safer and more transparent payment methods.
By removing credit cards, these companies aim to prevent bettors from losing more than they intended and avoid surprise fees that can quickly add up.
For bettors, however, this translates to fewer hidden costs, as well as a need to look for the best alternative payment methods like debit cards, e-wallets, or bank transfers to fund their accounts. The change takes effect just in time for the busy spring sports season.
