BetMGM to Ban Credit Card Funding for US Customers Starting Early 2024
Published Dec 22, 2023 | Updated Mar 31, 2026 | 1 min read
BetMGM has announced it will prohibit the use of credit cards to fund player accounts in the United States beginning in early 2024. This initiative is part of the company's broader commitment to responsible gaming and adherence to evolving regulatory standards. The ban will impact customers across all US states where BetMGM operates.
The decision comes amid increasing scrutiny by regulators concerning the use of credit cards in gambling transactions, which are often associated with higher risks of debt accumulation and problem gambling. BetMGM's move reflects an industry trend toward restricting payment methods that may contribute to irresponsible gambling behavior.
By discontinuing credit card deposits, BetMGM aims to ensure safer gambling conditions and reinforce compliance with state and federal guidelines. This action also anticipates further regulatory developments that could mandate stricter controls on funding options within the gambling sector.
BetMGM's announcement underscores the evolving landscape of payment methods in regulated US online gambling markets, where operators balance consumer protection with operational compliance.
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