Sportsbooks Deposits And Withdrawals

Betting site withdrawals and deposits

Sportsbook deposit and withdrawal methods are numerous, each one with unique advantages and disadvantages.

We’ll walk you through each of the options available for US sports gamblers and present the easiest betting sites to deposit money and withdraw your winnings.

Ranging from credit cards to cryptocurrencies, our complete gambling site deposit and withdrawal guide will give you detailed information and the safest websites to bet at.

Easiest Sportsbooks For Withdrawals 2021

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US Sportsbooks’ Deposit Options

Despite the lack of many international options, depositing into online sportsbook from the US is still relatively straightforward.

Funding accounts can be done instantly through more traditional methods, and there are multiple options for the recreational bettor or the high-limit professional.

Below, we’ve listed the top options for funding and withdrawing from online sportsbooks.

Each link will give you step-by-step deposit instructions for each method, including any additional fees and the availability of withdrawal options for your winnings from an online sportsbook.

No Electronic Wallets For US Sports Bettors

The UIGEA and government interference have made using an electronic wallet an unwise decision.

Even if an e-wallet could potentially facilitate online gambling transactions for US players, there would instantly be a target on its back.

The potential convenience would not be worth the risk of having funds seized by the government.

Rank Deposit Options Fees Highlights Sites
#1 Fees: None
  • Easy To Use
  • Immediate Deposit Time
Deposit Safely At:
#2 Fees: Near Zero
  • Fast And Safe
  • Near Anonymity
Deposit Safely At:
#3 Fees: Free – $50
  • High Limits
  • Small Fees
Deposit Safely At:
#4 Fees: $40-$50
  • High Limits
  • Slow Deposit Time
Deposit Safely At:

How To Deposit At A Betting Site In Easy Steps


Typical Minimum And Maximum Deposit Limits

Deposit and withdrawal limits depend heavily on the method and your jurisdiction.

European sportsbooks in regulated markets typically have much larger deposit and withdrawal limits.

For most methods, the limits are in the tens of thousands or more, for both deposits and withdrawals.

Deposit limits in the U.S. market will vary, but some sportsbooks will allow you to deposit any amount you wish, while others may have a minimum deposit ranging between $5-$25.

Betting With Credit Cards

Bet with a credit card deposit

Using a credit card like American Express is one of the best options for depositing at online sportsbooks and other betting sites.

They’re convenient (nearly everyone has at least one), and deposits are processed instantly.

Sportsbooks that accept credit cards are the norm, not the exception, in today’s online betting market.

Take a closer look at MasterCard and Visa betting sites with this quick deposit guide and the top sportsbooks for each payment method.

How To Deposit At Sportsbooks Using MasterCard

MasterCard has been a trusted payment processor for decades and is one of the safest and most cost-effective ways to deposit into online betting sites.

Making a deposit using MasterCard only takes a few simple steps that can be completed in just a few minutes.

  1. Choose A Sportsbook And Sign Up

    Pick from the best online sportsbooks that accept MasterCard and create an account. Sign up for the sportsbook.

    Once you signed up, head to the cashier page and click deposit. Then choose the MasterCard option.

  2. Make A MasterCard Deposit

    Input your credit or debit card information into the slot provided and choose your deposit amount.

    This usually includes your name as it appears on the card, the card number, expiration date and the CVV number, which is the 3-4 digits on the back of the card.

    Be sure to enter any relevant bonus codes to be sure you take advantage of any deposit or reload bonuses offered by the sportsbook.

  3. Prepare Documents For Withdrawal

    Before you can make a withdrawal, betting sites will generally ask for proof of identification as part of their KYC protocol.

    This will usually involve sending a photo of your ID and the front and back of your credit card.

    Most sportsbooks that accept MasterCard don’t have that available as a withdrawal option, but to receive a payout using other methods you will still need to verify your identity.

Best MasterCard Sportsbook: BetNow

BetNow sportsbook

BetNow is one of the top choices for a MasterCard sportsbook. They’re one of the best sportsbooks online when it comes to bonuses, betting limits, and payout speeds.

Deposits with MasterCard are free and have a minimum of $50 and a maximum of $1,000 per transaction.

New depositors will receive a 100% Up To $500 Welcome Bonus when making their first deposit at BetNow.eu.

How To Make a Betting Site Deposit Using Visa

Finding sportsbooks that accept Visa isn’t a problem if you’re betting sports online. 

Betting sites will accept Visa more than any other card type. Just like MasterCard, deposits take only a few minutes and usually have no fees.

Even Visa gift cards have a decent acceptance rate.

  1. Choose A Sportsbook And Sign Up

    Pick from the best Visa sportsbooks online and create an account.

    Once you make your account, head over to the cashier section and choose Visa as your deposit option.

  2. Make A Visa Deposit

    Making a Visa deposit is the same process as a MasterCard. Input your name as it appears on the card, along with the card number and CVV number on the back of the card.

    Choose your deposit amount and click submit. Be sure to enter any bonus codes for any deposit and reload bonuses.

  3. Prepare Documents For Withdrawal

    Just like Visa, sportsbooks require ID verification to prevent fraud and money laundering.

    Typically, management asks for a photo or scanned copy of your driver’s license and the same for the front and back of the credit or debit card you’re using to deposit.

    Once that is reviewed and approved, most sportsbooks offer a variety of payout methods.

Best Visa Sportsbook: Bovada

Bovada Sportsbook

Bovada is an online sportsbook that has been a part of the offshore online betting industry for nearly two decades. You can bet with both Visa and MasterCard.

The minimum deposit for credit cards is $20 and the maximum is $1,500 per transaction. Credit card deposits are processed in minutes.

Bovada offers a 50% Up To $250 Sign-up Bonus for players on their first deposit. Plus, they are one of the fastest betting sites to process payouts.

Gambling Restrictions: When Your Credit Card Doesn’t Work

If you try to deposit with a credit or debit card and your transaction doesn’t go through, you still have many options.

Most of the time, if your card is rejected, it is because most credit and debit cards are defaulted to not accept international transactions.

This can often be solved as simply as calling your credit card company or bank and telling them to allow international transactions on your card.

It’s wise not to mention you’re using your card for online gambling, as, while this is not illegal, banks are not allowed to let customers knowingly use their cards for online gaming transactions at offshore betting sites.

If you enable international transactions and your card still doesn’t work, try your deposit again later in the day or call the support staff at the sportsbook.

Sportsbooks use different payment processors at different times of the day, and the support staff may also have access to other processors.

Betting With Cryptocurrencies

These days, every online sportsbook that accepts Americans has Bitcoin available as a cashier option.

Regarding the other cryptocurrencies, it’s hit or miss. Ethereum, Litecoin, and Bitcoin Cash are next most popular, and there are dozens of others that are accepted by a portion of online sportsbooks.

There are thousands of alternative cryptocurrencies, and the list that sportsbooks accept may expand as they become more and more common.

In our in-depth guide on betting with cryptocurrencies, you can learn all about the benefits of betting with cryptos as well as the most recommended and safest online sportsbooks.

Bitcoin Sportsbooks

Bitcoin Sportsbook Deposits

Bitcoin has been a savior to the offshore betting industry, for both bettors and online sportsbooks.

The crypto-currency offers levels of near-anonymity, and it is nearly free to send and receive.

Transactions take a matter of minutes or hours and not weeks. Withdrawals can be as fast as 15 minutes at the best Bitcoin sportsbooks.

It’s the definitive elite cashier choice, especially for payouts, where it’s faster and cheaper than all other methods.

Benefit #1

Lower Cost, Higher Security

Converting fiat-currency to BTC and vice-versa does come with a fee, but that’s all you will be paying when using Bitcoin.

Using traditional currencies, such as the USD for a payout via check, bank wire, or money transfer will cost bettors 10% or more of their profits.

Bitcoin is a no-brainer if you want to maximize the amount you have to bet and reduce withdrawal fees.

BTC also offers excellent security once you understand how the blockchain works and sign up for an exchange and wallet.

Benefit #2

Payout Speeds

When it comes to speed, there is no comparison. Payout speeds at most sportsbooks are around 24-48 hours. Some BTC-only sportsbooks even process Bitcoin payouts instantly

This crushes the 1-2-week period for checks and bank wires at a fraction of the cost. It also makes moving around funds between sportsbooks much easier.

For more information on Bitcoin and a guide to using BTC to deposit into online sportsbooks, check out our Bitcoin deposit page.

How To Deposit At A Sportsbook Using Bitcoin


Finding the right betting site that accepts bitcoin is not that hard to do anymore.

BTC has been used for online gambling for many years now, and has become a standard deposit and payout method at most of the top sportsbooks.

Below you can find an easy guide to learning how to make a Bitcoin deposit at an online betting site:

  1. Choose A Bitcoin Sportsbook And Sign Up

    Pick from the best online sportsbooks that accept Bitcoin and other cryptocurrencies and make a deposit.

    Be sure to check for any bonus offers and look to maximize your bonus.

    Some sites will have bonuses specifically for BTC deposits, so it’s important to look out for these promotions before making a deposit.

  2. Deposit Using Bitcoin

    Choose Bitcoin (BTC) as your cashier option when depositing. You will receive a BTC Address from the sportsbook that is usually valid for 10-20 minutes. Send your Bitcoins to that address.

  3. Wait For The Bitcoins To Arrive

    This can take a just a few minutes to several days depending on the blockchain’s traffic.

    Most sportsbooks will instantly convert BTC to USD upon receiving your deposit.

    The rate of exchange is locked in when you send to the BTC address provided by the sportsbook.

    Changes in the BTC price after it is sent will not affect the locked in price.

  4. Getting A Bitcoin Payout

    Cashing out works by asking for a payout from the sportsbook and providing them with a BTC address for payment.

    It will be converted from USD to BTC and sent to your address of choice. This usually takes from 24 to 48 hours, but can be as quick as 15 minutes and as long as a week.

    KYC is usually less extensive with Bitcoin, but the sportsbook may still ask for proof of address and ID verification before processing a payout.

    Some sportsbooks, usually BTC-only, offer almost full anonymity and don’t have any KYC process before sending out BTC payments.

Top Bitcoin Sportsbook: MyBookie

MyBookie Sportsbook

MyBookie is one of the best sportsbooks for Americans and ideal for Bitcoin and other cryptocurrencies.

The maximum deposit per transaction is $10,000. They do not have any fees for crypto deposits and withdrawals.

They have a 50% Up To $1,000 bonus for players on their first deposit.

MyBookie is also one of the rare sportsbooks with a cash bonus option for bettors. They will give you a 10% bonus up to $200 in the form of real cash.

Non-US Sportsbook Deposit Methods

PaySafeCard – New International Payment Option

Paysafecard Deposits

Paysafecard is a simple and safe prepaid payment method that allows you to make payments online without the use of a bank account or credit card information.

It is perfect if you are looking for increased anonimity when betting online.

Neteller – Popular International eWallet

Neteller betting sites

The online e-wallet and payment processor Neteller is still the leader in online gambling payments across the world, but was once even larger.

Their owners were indicted in 2007 and Neteller was forced out of the US market following the passage of the UIGEA.

Neteller notoriously left the U.S. and Canadian online betting markets in 2007 after the company’s owners were charged with money laundering and racketeering.

Neteller, like Skrill, re-entered the U.S. market fully licensed and currently operates in New Jersey’s regulated online casino and poker market.

Skrill/MoneyBookers – Solid Choice For Bettors

Skrill sportsbook deposit option

Another e-wallet, MoneyBookers, was established in 2001 but rebranded themselves as Skrill in 2011.

The company is second only to Neteller in processing online gambling transactions and operates in over 200 countries.

They left the U.S. market in 2008, a year after Neteller’s departure. Skrill left Canadian online betting markets in 2013.

US players have been essentially banned since 2008, and the company accepts no new accounts from the United States.

PayPal – Strong eWallet

PayPal deposits

The e-commerce giant is available for just about every nation, but Americans cannot use the service for transferring online betting payments.

In regulated markets, such as the United Kingdom and some states in the USA, players can use the service to deposit and withdraw to and from online sportsbook accounts.

Unlike Neteller and Skrill, from its beginning, PayPal has strictly banned payments relating to online gambling in the United States.

Other Services

Many countries also have domestic payment processors that accept online gambling transactions.

For example, Instadebit is connected to the Canadian banking system and available exclusively to residents of Canada.

The regulated online gambling climate in Europe offers players other options.

Best Online Betting Sites for Easy Withdrawals

Rank Top Payout Sites Withdrawal Options Get Started
#1 Withdrawal Options:
  • BitCoin
  • Direct Deposit
  • MG Cash
  • Bank Draft
  • Bank Wire
Bet & Win
#2 Withdrawal Options:
  • Bitcoin
  • Bitcoin Cash
  • Check
Bet & Win
#3 Withdrawal Options:
  • Bitcoin
  • E-check
  • Bank Wire
Bet & Win
#4 Withdrawal Options:
  • Bitcoin
  • Litecoin
  • Ethereum
  • Bitcoin Cash
  • Ripple
  • Check
  • Bank Wire
  • Person2Person
  • Skrill
Bet & Win
#5 Withdrawal Options:
  • Bitcoin
  • Litecoin
  • Ethereum
  • Bitcoin Cash
  • Cash Payouts
Bet & Win

How To Withdraw Your Winnings From Sportsbooks

Easiest Sportsbooks for Withdrawals

Online sportsbooks require personal information at sign-up and will usually ask bettors for more documents before they can withdraw.

This is standard procedure for the vast majority of online gambling sites and is known as the know-your-customer (KYC) process.

It is done to protect both players and operators from fraud.

Sites may ask for copies of the front and back of the Credit Card you used to deposit, along with a photo ID of some kind.

This can be a passport or a driver’s license. Some may ask for a utility bill or bank statement. Scanning the documents is the simplest way to do this, but a digital camera can also work.

While this information is sensitive, it’s purely for identity verification purposes.

There’s little risk of your information being shared with a third party if you stick with trusted online operators.

This is yet another reason to avoid sportsbooks that have a poor reputation in the industry.

Not only do you have to worry about being paid on time, but your personal information may also be at risk.

Once your documents are verified, the sportsbook will almost never ask you to send more documents or go through the process again.

After this protocol is complete, withdrawal requests should be processed in a timely matter.

Payment Processing Report

payment processing report

For the latest on payment processing accross the world of sportsbetting, check out Safest Betting Sites’ acclaimed monthly payment processing report.

View our full Sportsbook Payout Report

Lifeline Tips To Withdraw Funds From Online Sportsbooks


Do Online Sportsbooks Charge Fees When I Withdraw?

That depends on your region. In the regulated online gambling markets of Europe and other jurisdictions where top gambling payment processors operate, like Neteller and Skrill, almost all deposits and withdrawals are free.

Those betting inside the United States using offshore sportsbooks will pay more in fees. It’s one of the reasons we heavily endorse Bitcoin, Litecoin, or Ethereum as a deposit and withdrawal option.

Compared to other methods, it’s the fastest and cheapest, by a large margin.

When it comes to other methods, bettors will pay a fee. However, most sportsbooks do offer players one free withdrawal request each month or every 30 days.

Fees for sending checks and bank wires usually range between $20-$50 per request. Bank wires will have additional fees from the intermediary and receiving banks as well.

Typical Minimum And Maximum Withdrawal Limits

Sportsbook Withdrawal Limits

Deposit and withdrawal limits depend on your preferred method and your jurisdiction.

European sportsbooks in regulated markets typically have much larger deposit and withdrawal limits.

For most methods, the limits are in the tens of thousands or more, for both deposits and withdrawals.

For U.S. sportsbooks, it’s a bit lower. When it comes to withdrawals, checks usually have a maximum of around $3,000.

Bank wires allow for a larger maximum and are available for unlimited amounts in some cases.

Cryptocurrency withdrawals at many operators are unlimited.

How Long Should It Take A Sportsbook To Pay?

Provided you’ve completed your know-your-customer (KYC) process (which can add time to processing) it depends on the method you choose for withdrawal and the sportsbooks you’re using.

Also, the time of year may have an effect on processing. Online sportsbooks are usually backed up with withdrawal requests after the conclusion of the NFL season and the Super Bowl.

Checks

About 2-3 weeks. Some sites can process checks in about a week.

Bank Wires

These are probably identical to checks, but perhaps slightly longer.

Money Transfer

Money transfers are done via Western Union and MoneyGram. They’re both typically processed in 48 hours or less.

The fastest speeds with this method take less than a day to process.

Cryptocurrencies

If you’re betting at sites that accept cryptocurrencies, withdrawals are often instant.

The fastest sites pay in a matter of minutes, but a few hours are probably the average.

For fiat-sportsbooks, the process takes a bit longer but is still the fastest and most cost-effective option.

Withdrawals are processed in 1-2 days on the high end and can take up to a week on the low end of processing speeds.

We have a full guide on depositing and withdrawing at sportsbooks with cryptocurrencies.

In addition, we report on the speeds in the offshore industry each month in our sportsbook payout report.

Delayed Payouts From Betting Sites

Once you have requested a withdrawal and received a confirmation email that it is being processed, generally all that is left to do is wait.

The sportsbook will give an estimated timeframe for each method and may or may not notify you when they send the payment.

For person-to-person transfers, the shop will give players a corresponding number to pick up the transfer amount, but in the case of bank wires or paper checks, there is usually no notification that the payment has been sent.

What To Do If Your Withdrawal Is Delayed

If you don’t receive your payment in the allotted timeframe that was quoted by the sportsbook, it doesn’t hurt to give them another few days or week for them to make good on the withdrawal.

Just like any business, these sites have delays, especially during busy times of the year such as the NFL season or March Madness.

If the payout request still lingers, contact customer support via email, live chat or phone.

Inquire about your withdrawal request and ask how long they think it will be until it is processed.

It’s best to be cordial with customer service representations, as these guys are your first path to management.

Regardless of your method, it shouldn’t take a sportsbook, even in the much maligned US-facing industry, longer than two months to make good on any payout request.

Person-to-person transfers should be processed within days while checks and bank wires may take several weeks.

Bitcoin payouts shouldn’t take more than a few days.

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What To Do Once You Receive Your Withdrawal

If you receive a bank wire, you won’t need to do anything to receive your withdrawal request.

It will simply appear on your bank statement once the wire goes through. The same applies to person-to-person transfers.

However, neither of these are the most popular choice for withdrawals. Paper check is the cheapest and most widely used option, but it can also be slightly riskier.

Banks can’t knowingly accept checks issued by online gambling sites.

If possible, deposit the check through an ATM to avoid potential questions about its origin.

Many checks are from foreign accounts and look different than domestic checks. A bank teller may ask you a few questions when you deposit a check.

Obviously, don’t mention it’s related to online gambling.

A bank will never steal your funds for depositing a check from an online gambling site, but may be forced to close your account if they suspect that you’re receiving funds from online gambling sites due to federal regulations.

Withdrawal: It’s Actually An Easy And Painless Process

The above seems like a lot to worry about, but most of it is precautionary. We’ve deposited and withdrawn from offshore sites for over a decade with only minor issues.

The story is the same for most online bettors based in the United States. We’re just in the business of keeping players informed about potential obstacles along the road.

Deposits & Withdrawals FAQ

Still not sure about the deposit and withdrawal options at online betting sites?

We have all the answers to the frequently asked questions in order to help you feel comfortable betting at online sportsbooks.

How do I deposit at an online sportsbook?

It’s as simple as making an account and choosing a cashier method. Deposit options will vary depending on the sportsbook you choose. We cover all methods on this page.

How do I withdraw from a betting site?

By logging into your account and requesting a payout. It’s the same method you used to deposit but in reverse. Generally, you can withdraw with any method that you used to deposit with previously. Checks and bank wires are usually available as a withdrawal method regardless of your deposit method.

What is the best deposit and withdrawal method for betting sites?

There are a lot of cashier options for players, but we think cryptos such as Ethereum, Litecoin or Bitcoin blows every fiat-method away by a large margin. Cryptos have free deposit and withdraw at most betting sites and the shortest processing time. We have a step-by-step guide to using Bitcoin at online gambling sites.

What is Cryptocurrency and how is it used for betting online?

Cryptocurrencies such as Litecoin, Bitcoin, or Ethereum is a digital currency that has become especially popular in online gambling markets in recent years. It has many positives and it’s also basically free to send and receive bitcoins. We highly recommend betting with cryptocurrencies at online sportsbooks.

My credit or debit card won’t work when I try to deposit. What should I do?

We cover credit, debit, and gift card deposits extensively. There are lots of things to try if the first card you try doesn’t work. By far the most common issue is that the card is not enabled for international transactions. If you contact your bank, this can usually be solved within a few minutes.

Can I use PayPal to deposit into online sportsbooks?

Yes, in some places you can use PayPal to deposit. Regulated markets often have PayPal as a cashier option, but it is not available at all online sportsbooks. It will depend on your location and local laws.

Can I use Neteller to deposit into online sportsbooks?

In most jurisdictions, yes. However, Neteller is no longer available for residents of the United States and Canada. Aside from those countries, Neteller is available in most other nations. Neteller, along with their competitor, Skrill, is one of the most popular cashier options for online sports betting.

Can I use Skrill to deposit into online sportsbooks?

Similar to Neteller, Skrill can be used in most countries, aside from the United States and Canada to deposit into online gambling sites. Skrill, formerly known as “MoneyBookers”, is licensed in New Jersey to accept online gambling transactions on licensed online poker and casino sites.

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