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**Merchant Category Code 7995: Betting and Gambling Services**The Merchant Category Code 7995 is specifically designated for businesses involved in betting and gambling activities, including the sale of lottery tickets, casino gaming chips, off-track betting, and wagers at race tracks. This code is crucial for payment processing and risk management, as it helps identify and regulate transactions related to these high-risk industries. Proper classification under MCC 7995 ensures compliance with regulatory requirements and can influence processing rates and fees. It is essential for businesses in this sector to ensure they are assigned the correct MCC to avoid potential issues with transaction acceptance and to manage their payments safely and securely.