One of the largest online sportsbooks, FanDuel, lists Bank of America, Chase, Capital One, Wells Fargo, Huntington Bank and Union Bank as financial institutions that have been known to decline deposits for online wagering companies. If the state technically allows credit cards to be used for gambling purchases, many credit card issuers still won’t approve these transactions (due to the risks of disputes, overspending, not getting paid back, etc.).
Some states that allow sports betting have banned the ability to use credit cards (including Connecticut, Iowa, New York and Tennessee). The short answer is that you probably shouldn’t.įor starters, it’s often not allowed. If you’re thinking of trying your luck, you might be wondering if you can pay with a credit card? In recent years, many states have legalized sports betting.
