As sports betting operators move away from credit cards, BetMGM is eliminating them entirely following a fraud-related settlement with Pennsylvania.
The Pennsylvania Gaming Control Board also fined BetMGM $100,000, alleging it “failed to have sufficient procedures to prevent the fraudulent behavior,” particularly in identity verification.
State regulators identified multiple cases in which fraudulent users opened accounts, moved money, and withdrew funds using stolen or fabricated identities—a pattern that persisted for several years. One individual opened 119 BetMGM and Borgata accounts and gambled nearly $900,000. In a separate scheme from 2021 to 2024, a fraud ring created 1,567 accounts, depositing more than $13,000 using stolen payment methods and withdrawing more than $28,000.
