FanDuel Sportsbook has announced it will cease accepting credit card deposits for sports betting, casino and racing products beginning March 2, 2026. The decision follows similar action by DraftKings last August and comes amid increasing pressure from US lawmakers over gambling-related credit card fees.
The policy change addresses concerns about cash advance fees that credit card companies charge for gambling transactions. These fees typically amount to $10 or 3-5% of the transaction, whichever is greater, and can begin accruing interest immediately.
Over the last few months, FanDuel has been evaluating the payment methods that we offer to customers and made the decision to remove credit cards as an option, the company stated. This change was made to improve the deposit experience for our customers.
US Senator Elizabeth Warren, who has been campaigning against what she terms abusive credit card betting fees, welcomed the announcement. FanDuel announcement means credit card companies will no longer be allowed to scam Americans with junk fees in the majority of the sports betting market, Warren said. These are fees that can cost people as much as $10 to fund just a $20 bet.
Last week, ahead of Super Bowl LX, Senator Warren sent letters to major sports betting companies requesting information about credit card usage on their platforms. In her correspondence, she noted that many users are unaware that gambling transactions are classified as cash advances, leading to unexpected fees and immediate interest charges.
Americans may be prepared to lose money on a bet they make – but most are not prepared to lose an extra 50% in credit card junk fees on top of their bet, Warren wrote.
The move leaves bettors with alternative payment options including debit cards, ACH transfers, and digital wallets like PayPal and Venmo, which typically do not carry the same fee structures.
