Sports Betting Sites That Accept MasterCard

Coauthor: Zachary Bruhl

MasterCard is a common way to quickly and conveniently deposit to sports betting sites. Major sportsbook brands process MasterCard deposits for free. Your bank will charge fees if the deposit is processed as a cash advance. See below for a few common ways to avoid deposit fees.

Legal MasterCard Online Sportsbooks

Sportsbooks That Accept MasterCard
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Chapters

  1. Processing Fees
  2. Account Withdrawals
  3. MasterCard Pros & Cons
  4. MasterCard eWallets
  5. About Mastercard Sports Betting
  6. Depositing Each Season
  7. Before You Deposit
  8. MasterCard FAQs

Mastercard Processing Fees

Most legal sports betting sites do not charge MasterCard deposit fees. Some horse betting sites, like TwinSpires.com, charge a flat $5 fee for credit card deposits. However, your card issuer may charge 3%-5% cash advance fees if your credit line isn’t used.

There’s an easy workaround. BetRivers and SugarHouse offer a prepaid card that has free deposits and withdrawals, called Play+ Card. You can also use it anywhere Discover is accepted. BetMGM and DRF also have their own player card available for use on each site.

Can I Withdraw to my Bank Account?

Withdrawing to a personal bank account is one of the easiest ways to receive your winnings. Sites that offer the Play+ card will have the fastest withdrawals. Bank ACH and wire transfers are next best.

Most sportsbooks have a withdrawal review period of up to 5 days. After, the withdrawal will post to your account within 1-7 business days.

DRF and TwinSpires both offer instant bank transfers. However, TwinSpires only offers transfers to bank accounts through EZ Money or PayPal.

Can I Withdraw Directly to my MasterCard Credit Card?

A direct withdrawal to your MasterCard, or statement credit, is not possible. Instead, consider using the following methods: ACH bank transfer, Paypal, a player card like Play+ Card, bank wire, check by mail, or cash at cage

MasterCard Betting Deposit Pros

  1. Instant – MasterCard is accepted at all major sports betting sites and deposits are available immediately after authorization. It’s easy to get in on the action!
  2. No fees – Sportsbooks don’t charge processing fees, but be sure to double-check your bank’s policy on gambling deposits.
  3. Safe – MasterCard online gambling deposits are backed by Payment Card Industry (PCI) standards. Your transactions will be protected by a global set of regulations aimed at reducing risk and ensuring personal security.
  4. Debit card, too – MasterCard debit cards are also widely accepted for online gambling.

MasterCard Betting Deposit Cons

  1. Limits – Credit cards have limits, subject to your credit line and existing credit balance. MasterCard debit is limited to your bank account balance.Banks set these limits but most range from $1,000 to $1,500, with some as high as $2,500. If using debit, find out what your bank’s daily spending limit is to avoid surprises.
  2. Cash advance fee – These fees range from 3-5% starting from day one. Prepared bettors can use a sportsbook’s player card, like the Play+ Card, to avoid these added costs.
  3. Credit card payout – You can’t withdraw directly to your MasterCard. Instead, you must use another method like bank transfer, Paypal, ACH, player card, or bank wire.
  4. Added risk – Using a credit card means the obvious risk of betting money you do not have. Consider using a debit card that limits you to your available account balance.

MasterCard e-Wallets

PayPal

PayPal is accepted at multiple sportsbook sites and has many benefits. Enjoy no added fees, rapid deposits, and high deposit limits. Paypal doesn’t charge a fee to send funds using your MasterCard. Paypal does charge a fee to receive a withdrawal from a sports betting site.

More About MasterCard Sports Betting

Legal History of MasterCard and Online Gambling

MasterCard, Visa and other credit cards have been used to fund online gambling accounts since internet gambling began in the mid 1990s. The 1999 National Gambling Impact Study Commission noted the rapid growth of online gambling, largely funded by credit cards. Specifically, the commission expressed concerns about pathological and underage gamblers, in addition to the ease with which criminals could launder money.

Internet gambling revenues, comprised of both casino and sports betting, skyrocketed from an estimated $445.4 million in 1997 to $919.1 million in 1998. One analyst predicted a $2.3 billion market by 2001.

MasterCard Taken to Court

On March 20, 2000, the US District Court for the Eastern District of Louisiana, heard motions regarding multidistrict litigation alleging MasterCard International illegally interacted with a number of internet casinos. In Re: MasterCard International Inc. plaintiffs alleged, among other claims, that MasterCard had violated the Wire Act. They sought financial relief for losses they incurred at various offshore online gambling sites.

The District Court’s ruling on February 23, 2001, later upheld by the US Fifth Circuit Court of Appeals, clarified the application of the Wire Act to illegal online gambling. The Court determined that the wire act only applied to gambling activities related to a “sporting event or contest”. Further, the plaintiffs failed to demonstrate they suffered losses at any sports betting site. Therefore, the court could not conclude that MasterCard had violated the Wire Act. Moreover, internet casinos sending and receiving information were not in violation of the Wire Act because of its ambiguous language regarding the ‘transmission of a wire communication’.

Individual Banks Make Their Own Policy

According to a December 2, 2002 Government Accountability Office (GAO) report, neither Visa nor Mastercard provided policies to its members prohibiting the use of its credit cards for internet gambling. Citing concerns from worldwide banking officials that implementing a blanket policy would be difficult, both associations created procedures that allowed individual member banks to decide whether to block internet gambling transactions. At the time, some jurisdictions permitted internet gambling, while others expressly did not. Both associations also emphasized that only legal transactions could be processed in its systems.

US citizens continued to bet online at offshore websites with their credit cards, provided their bank permitted internet gambling transactions, until the 2006 Unlawful Internet Gambling Enforcement Act. This landmark legislation prohibited internet gambling companies from accepting money transfers from a person participating in unlawful internet gambling.

PASPA Overturn Calls for Change

When PASPA was overturned May 14, 2018, and with the state of New Jersey’s previous legalization of sports betting, the stage was set for credit card companies to once again participate in online sports betting transactions.

In fact, the Independent Community Bankers of America (ICBA) specifically requested guidance from MasterCard in the wake of PASPA’s overturn. MasterCard clarified that the state restriction regards the location of the individual placing a wager, not the particular bank that issued the credit card. Existing state laws require sports betting providers to geolocate inside a state’s geographic boundaries, or other predefined area like tribal lands, before accepting a wager.

MasterCard has also dedicated Merchant Category Code (MCC) 7801 for online gambling. This code is distinct from 7800 for government owned lotteries and 7802 for government licensed horse and dog tracks.

How much USD is wagered in the USA legally?

Legal online sports betting is rapidly growing in the United States. In 2021 alone, 11 states began offering sports betting. Revenue also ballooned in 2021, with more than $52.7 billion wagered in the U.S. on sports. 12% of adults placed weekly bets and 14% of bettors say their bets are more than $100 on average. Oddsmakers only saw $4 billion of those bets in revenue, so get in the action!

In 2021, the most was wagered on sports legally in the United States with over $52.7 billion worth of bets placed. Projections say that number will increase year over year.

Are MasterCard deposits cash advance or credit?

Credit card deposits are sometimes treated as cash advances and thus are subject to cash advance fees. See section above for a way around those fees by accessing a Play+ card at certain sportsbooks.

What is MasterCard’s position on legal gambling?

MasterCard does not have a statement on its position on legal gambling. However, since current CEO Michael Miebach took over in 2021, the company has made decisions that indicate its support for legal gambling. For example, the company has streamlined the process for making deposits on legal betting websites.

Which banks/credit cards prohibit legal gambling transactions?

Credit card companies, like Visa, MasterCard, or Discover, do not block legal gambling transactions. However, issuing banks can be a bit more complicated. In states with legal gambling, major banks do not block the transactions. Beyond that, it’s more confusing. Banks exclusively based in states without legal gambling and local credit unions may have different policies. When in doubt, check with your bank or credit union before wagering.

Does online gambling affect credit score?

Online gambling does not affect your credit score. However, certain activities can impact the score. Being behind on payments, lowering your available credit, and casino lines of credit can all negatively affect your score.

Any state limit on credit card deposits?

States do not limit your online gambling deposits. That decision is up to the credit card company and the sportsbook or casino you are wagering with. Sports betting providers must geolocate each customer to ensure they are placing wagers within the geographic boundaries of the state, or any other predefined legal jurisdiction, such as tribal lands.

Casino lines of credit often mean a hard inquiry on your score. Such inquiries will produce temporary drop in your credit score. Also, cash advances, while not impacting your score, do accrue interest immediately.

MasterCard does keep track of the type of transactions you perform. Through Merchant Category Codes (MCCs), MasterCard labels gambling transactions as amusement and entertainment transactions. This is a normal credit card company practice and does not impact your score.

When should I use an e-Wallet?

An e-wallet can help circumvent bank or credit card fees. Remember to link your bank account to an e-wallet like Paypal. Transactions to and from a bank account have little or no processing fees. However, fees will be applied to credit card and debit card transactions.

Depositing With MasterCard Before Each Season

  1. If you plan on using a credit card for online gambling make sure you set up a withdrawal option that doesn’t charge fees, like a Play+ card or a bank account for ACH transfers.
  2. Plan your sports betting season in advance. First, find a sportsbook that has the best betting options for that sport. Next, deposit before the season begins to establish your account.
  3. Deposit a lump sum of money at the beginning of a season. Then, budget future deposits throughout the season. Try to continue living off your winnings.
  4. No matter where your permanent address or billing address is, you will be geolocated when betting online. Make all your bets when you are within a state that permits legal sports betting.

Before You Deposit

  1. Gather your card, billing address, and ID card or USA state driver’s license.
  2. Some sportsbooks require a faxed or scanned written authorization. Download from customer service or the cashier page.
  3. First deposits with MasterCard are limited to fixed dollar amounts. You will be able to deposit more often after establishing a relationship.

MasterCard Sports Betting FAQs

Can I place bets legally with my MasterCard?

Yes, you can deposit to a legal US sportsbook and place bets.

Are MasterCard sports betting deposits instant?

Yes, after a brief review of several seconds to a few minutes.

Are MasterCard deposits limited?

Yes, most sports betting sites limit initial deposits until you’ve established a good relationship with them.

What is a common MasterCard deposit maximum?

Between $1,000-$1,500 with some allowing for up to $2,500.

How do I deposit if my MasterCard is declined?

Bank account transfers, online banking, PayPal, bank wires, money transfers, and cash-at-cage are all good backup deposit options.

How do I increase my MasterCard deposit limit?

Establishing a good customer relationship and consistent behavior can increase your deposit limit.

Are MasterCard betting deposits cash advances or credit?

This varies, check with your credit card company first to avoid unwanted cash advance fees.