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Starting Aug. 25, you won’t be able to use a credit card for deposits on the DraftKings platform anymore. I know, I know — it’s a bummer for those of us who have relied on that method for a while.
According to DraftKings, credit cards will no longer be accepted to fund sportsbook and real-money online casino accounts in the United States. If your card was already stored in your account, that option will be disabled for placing bets or playing casino games.
Why DraftKings is Banning Credit Cards for Online Gambling
So why the sudden breakup with credit cards? DraftKings says it’s trying to save you from those nasty cash-advance fees and sky-high interest rates. Basically, they’re saying it’s for your own good —especially if you’re watching your bankroll and would rather not rack up debt.
And let’s not forget the drama in Massachusetts. DraftKings was fined $450,000 for accepting credit card deposits in a state where the practice is flat-out banned. That mess led to an investigation and a round of forced refunds. So now, cutting off credit cards feels like a two-for-one deal: keeping regulators off their backs and sparing players from pointless extra costs.
At the same time, the move ties into DraftKings’ broader push on responsible gaming. They’ve rolled out tools like My Budget Builder to help you set limits and keep things fun without tipping into stress. Dropping credit cards is another way to ensure players are betting with money they actually have — not money they’ll owe back with interest.
The Best iGaming Deposit Methods for DraftKings After Aug. 25
DraftKings isn’t leaving you stranded. They still support a range of deposit options. Some of the most popular alternatives are:
- Debit cards: Probably the easiest switch for most people. A debit card works like a credit card in terms of convenience and speed, but it’s linked directly to your bank account. You’re using your own money, so there’s no risk of building up debt.
- PayPal and Venmo: Great options if you like the security of not entering your bank details directly on the site. Link your bank account to your PayPal or Venmo and deposit from there. Transactions are usually instant.
- Online banking: A direct connection from your bank to DraftKings. It’s secure, fast and reliable.
- Play+ prepaid card: A solid choice if you want to keep your gaming funds separate from your main bank account. Load money onto the card and then use it on DraftKings. It’s a great way to set and stick to a budget.
Change can be tough, but in this case, it’s for the best. Take a moment to look at your options and get ready for the switch on Aug. 25.
