During a regulatory hearing in Pennsylvania this week concerning several issues, including its recent fine in the state, the MGM Resorts and Entain joint venture disclosed that it will soon stop allowing credit card usage across digital sports wagering and online casino gaming.
BetMGM will begin phasing out credit cards in markets where it is licensed to operate from March 31. The new policy will prohibit the use of existing credit cards linked to player accounts for funding, as well as prevent the linking of new credit cards to accounts.
SBC Americas reached out to BetMGM for comment on the new policy.
BetMGM joins competitors with a ban on credit cards
BetMGM will join other online gaming giants in the U.S. in prohibiting the use of credit cards for gambling.
Last August, DraftKings stopped accepting credit card deposits for its s..