- Sports betting gift cards can be used to make deposits into online sportsbooks.
- These gift cards include the Game On Card presented by BlackHawk Network and MetaBank and the DraftKings gift card.
- Sportsbook gift cards can be found in states with legal sports betting including New Jersey and Pennsylvania.
- Users of the gift cards will have to meet the legal age requirement of their state.
BOSTON – With Christmas just one day away, DraftKings and others have unveiled the perfect stocking stuffer for sports bettors everywhere, sports betting gift cards.
The industry has come quite a long way since the Professional and Amateur Sports Protection Act Of 1992 (PASPA) was repealed in May of 2018. What once seemed to be a taboo activity has been legalized in over half the country and is becoming fully apparent in the public eye.
However, while PASPA was repealed, other federal sports betting laws such the Unlawful Internet Gaming Enforcement Act of 2006 (UIGEA) still exist. This law was put in place to stop banks from knowingly handling transactions from unregulated gambling websites.
But even with so many regulated sports betting websites in the United States right now, some banks are still hesitant on processing these types of payments.
Having deposits from credit or debit cards get declined is common for some sports bettors. Having sports betting gift cards prevents that from happening by having funds already preloaded and secured on the card.
DraftKings Sportsbook Gift Cards
Earlier this month, DraftKings reached a deal with InComm Payments, a global payments technology firm, to launch the legal sports betting industry’s first-ever sportsbook branded retail gift card. Denominations of the card come in either $25 or $50 and can be used to make deposits on the online DraftKings Sportsbook.
“Just in time for the upcoming holiday season, we are proud to work with InComm Payments to get DraftKings gift cards on the shelves at several popular retailers,” said Matt Kalish, Co-Founder and President of DraftKings North America. “We are thrilled to provide our customers with another way to fund their accounts and engage with our real money products through this first-of-its-kind offering.”
The cards can be found anywhere in InComm Payments’ retail network. Stores include Dollar General, Speedway, 7-Eleven, Sheetz, and more. The card can be expected in pharmacies, convenience stores, or general merchandise partners of InComm.
“DraftKings popularity has grown substantially over the last couple of years and their fanbase is large and passionate,” said Tim Richardson, Senior Vice President at InComm Payments. “This agreement not only offers consumers a great gifting opportunity but also represents a significant brand expansion and enhancement opportunity for DraftKings who, for the first time, will benefit from having its brand present in tens of thousands of InComm Payments’ retail partner locations across the U.S.”
Other Sports Betting Gift Options
While this is a first in terms of a sportsbook releasing their own cards into the retail market, other sports betting gift cards are also available.
Earlier this month, BlackHawk Network and MetaBank also launched Game On cards. Those cards can be found in New Jersey and Pennsylvania and in stores such as ACME, The Giant Company, Stop and Shop, Giant Eagle, and more. The cards can also be purchased online.
Purchasers of those cards can choose the exact denomination of funds between $20-$400 they want to upload before gifting the card to someone else. The card can also be used for multiple online sportsbooks such as FanDuel, BetRivers, Parx Casino, DraftKings Sportsbook, and more.
Legality Of Sports Betting Gift Cards
Physical sports betting gift cards will only be found in states where sports betting is legal. While half the nation has legalized sports betting, there will most likely only be certain states in which sports betting gift cards will be offered this holiday season.
There is no age restriction when it comes to purchasing the gift cards themselves. However, those looking to actually transfer funds from the gift card to their sportsbook of choice will need to be of the legal age to bet on sports in their respective states.
Most states, including New Jersey and Pennsylvania, have a legal sports betting age of 21 and up.
The gift cards do not violate the UIGEA as the companies issuing the cards as well as the sportsbooks accepting funds from them are all regulated by state governments.
News tags: 7-Eleven | ACME | Blackhawk Network | Dollar General | DraftKings | Game On Cards | Giant Eagle | Gift Cards | InComm | Matt Kalish | Metabank | Sheetz | Speedway | Sports Betting Gift Cards | Stop and Shop | The Giant Company | Tim Richardson
– In his career, Hasan has worked both local and state government positions—including the Attorney General’s Office in Florida. On top of being familiar with the legislative process, he has also been researching and writing on the legality of sports betting across the US. Outside of work you’ll most likely find him producing or playing music, playing sports, or working on creative writing projects. You’ll also catch him at Doak Campbell Stadium cheering on the Noles.