Illinois proposes law to ban credit card cash advances on ATMs

A proposed Democratic bill in Illinois would ban gambling and casino ATMs from dispending cash advances on credit cards. Reps. Curtis Tarver and Marti Deuter are sponsors of the bill and added that it would prohibit “a person from selling a lottery ticket or share on a credit basis,” according to a report by The Telegraph.

“No person shall sell a ticket or share at a price greater than that fixed by rule or regulation of the Department,” the bill states. “No person other than a licensed lottery sales agent or distributor shall sell or resell lottery tickets or shares. No person shall charge a fee to redeem a winning ticket or share. No person shall sell a lottery ticket or share on a credit basis.”

This bill comes on the heels of new standards from the Illinois Gaming Board which bans credit cards for sporting bets. As a result, cash advance rates have risen at ATMs to accommodate users with credit cards.