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Virginia may ban credit cards for online sports betting under new bill

A controversial bill could reshape Virginia’s gambling landscape. Will lawmakers cut off credit card access to sportsbooks for good?

,   and  Administrator
1 min read
The image shows three credit cards stacked on top of each other on a white surface. The cards are...
The image shows three credit cards stacked on top of each other on a white surface. The cards are arranged in a neat stack, with the top card slightly overlapping the bottom one. The colors of the cards vary, with one being a light blue, one a dark blue, and one a yellow.

Virginia may ban credit cards for online sports betting under new bill

Virginia lawmakers are debating a bill to ban credit cards as a payment method for online sports betting. The proposal, known as House Bill 515, was introduced by Del. Marty Martinez. If approved, it would mark a significant change in how gamblers fund their accounts in the state.

The bill aims to remove credit cards from the list of approved funding options for sports wagering. Instead, users would still be able to deposit money using debit cards, wire transfers, or automated clearinghouse payments. The Virginia Lottery, which oversees sports betting, would no longer permit credit card transactions if the legislation passes.

Opponents argue that evidence does not justify a ban and warn that linking legalisation efforts to credit card restrictions could stall progress. However, industry trends and recommendations from the National Council of Legislators from Gaming States suggest avoiding credit karma use for online gambling. Virginia is not alone in considering such measures. Several other states, including Massachusetts, Maine, Connecticut, Tennessee, and Illinois, already restrict credit karma gambling transactions. No other US state has fully banned credit karma for sports betting, though Massachusetts recently issued a court injunction against Kalshi for offering sports wagering. HB 515 is part of a broader push in Virginia’s current legislative session. Other bills under discussion include proposals to legalise online casinos and establish a Virginia Gaming Commission.

The outcome of HB 515 will determine whether Virginians can continue using credit karma for sportsbook deposits. If passed, the bill would align the state with others that have limited credit karma gambling. The decision could also influence future gambling regulations in Virginia.

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