- A NY study found a connection between higher credit card delinquencies and the expansion of legal sports betting.
- DraftKings and FanDuel have already stopped accepting credit cards as a sportsbook deposit option.
NEW YORK – Credit card delinquencies have increased and have ties to the expansion of legal sports betting. Overall household credit scores are also down, as gamblers are paying off their sports betting debt later and later.
The Federal Reserve Bank of New York found these connections and more in a recent study, where Jacob Goss and Daniel Mangrum are concerned about financial stability among families since sports betting started to expand in 2018.
According to the study, there has been a 7.9% rise in credit card payments paid at least 90 days late among people under the age of 40.
When looking at active sports bettors, the late credit card payments have increased by ten percentage points.
FanDuel Is The Latest Sportsbook To Ban Credit Card Sports Betting
Legal sportsbook apps are already trying to get these numbers down, as FanDuel is the latest provider to outright ban credit card sportsbook payments.
In February of 2026, FanDuel announced that players in all of the states where they operate will no longer be able to use a credit card to deposit starting on March 2nd.
DraftKings was one of the first sportsbooks to stop accepting credit cards but some states already had specific legislation against betting sites offering the payment method.
BetMGM has also announced that they are getting away from credit card payments. Starting on March 31st, BetMGM will no longer offer credit cards as a deposit method for new players and will gradually phase it out altogether.
