Sportsbooks Deposits And Withdrawals
There are numerous sportsbook deposit and withdrawal methods. You can use credit cards, cryptocurrencies, payment apps, e-wallets, paper checks, and even direct bank transfers.
In this guide, you’ll learn the unique advantages and disadvantages of each sportsbook banking option available for US gamblers and international players. Discover the limitations of each method and the transaction speeds you can expect.
We’ll also show you the easiest betting sites to deposit money and withdraw your winnings in 2023.
Complete Guide To Sportsbook Deposits & Withdrawals
Easiest Sportsbooks For Withdrawals 2023
Sportsbook Deposit Options
To start betting real money over the internet, you need to find a trusted sportsbook, create an account, and deposit some money.
Funding your sports betting account is relatively straightforward, and the transfers happen almost instantly. Think of it as buying something online. You enter some basic payment information, account numbers, and maybe your zip code, and you’re good to go.
Below, we’ve listed the top deposit options for sportsbooks in each category.
Using a credit card at sports betting sites is fast, convenient, and easy to track.
Well-known brands like Visa, MasterCard, American Express, and Discover are regularly available sportsbook banking methods.
Always ensure your card is available for international transactions before you try to deposit.
Featured Sportbook Card Deposit: Gift Cards
You can use prepaid gift cards with credit brands on them to deposit into your sports betting account. Just buy them with cash and add the money to your account later the same day.
You’ll find Bitcoin and Ethereum are the most common ones, with others like Litecoin, Ripple, Dash, Tether, and Bitcoin Cash making their way onto some sites. Even altcoins like Doge have started to see some approval.
Transferring from one crypto wallet to another is usually quick, and blockchain technology makes these digital currencies extremely secure.
Featured Sportbook Crypto Deposit: Bitcoin
As the most widely accepted and commonly known crypto, you’ll find Bitcoin banking options in every online sportsbook. Some bettors appreciate the anonymity that this method provides.
Other US Sportsbook Deposit Methods
There are several other conventional deposit methods available at US sportsbooks.
Paying with a check, eCheck, money order, or bank transfer is still pretty standard for players who like the security and paper trail of doing transactions through a trusted establishment.
More options like player-to-player or book-to-book transfers and vouchers let you move money from one account to another. Plus, platforms like CashApp have certain functions that allow them to get used.
Featured Alternate Sportbook Deposit: Cash App
Cash App is a peer-to-peer money transfer system that lets you connect a bank account and send money to people with your phone. It has an easy Bitcoin wallet feature that enables you to use it in online sportsbooks.
International Deposit Methods at Sportsbooks
Due to fewer restrictions on banks and money handling, international sports bettors can access additional banking methods.
E-wallet options like Neteller, Skrill, Paypal, and ecoPayz bridge the transaction processing gap between traditional banks and vendors. They aim to provide users with low fees and ease of use digital options.
As more states regulate online sports betting, some of these methods are slowly finding their way into the US. For instance, PayPal and Skrill are now widely accepted option at regulated sportsbooks.
Typical Minimum And Maximum Deposit Limits
The average low at minimum deposit sportsbooks is usually around $10-$20. Much less than that isn’t worth it for you or the website after you factor in transaction and processing fees.
On the other hand, Max deposit limits depend heavily on the banking method you choose. For example, you might be able to only transfer $2,500 with a credit card at your preferred sports betting site, while they will accept up to $500,000 in Bitcoin.
Popular Deposit Methods At Online Sportsbooks
How To Deposit At Betting Sites
This short video gives you a step-by-step guide on getting an account funded and betting real money on sports.
Once you’ve been betting on sports for a while and won a few times, you will eventually want to withdraw your winnings.
The process is similar to withdrawing money from a checking account. The main difference is that online sportsbooks require additional information that you didn’t need to provide at sign up to confirm your identity.
This standard procedure is called the know-your-customer (KYC) process. It is usually only required once and is in place to protect both players and operators from fraud.
What You’ll Need to Cash Out
Sites may ask for copies of the front and back of the Credit Card you used to deposit, a photo ID, and even a utility bill to confirm your address.
If you don’t have a scanner, you can just submit photos of your state ID, passport, or electricity bill taken with your phone. While this information is sensitive, it’s purely for identity verification purposes.
Sports Betting Withdrawal Methods
Each sports betting site has different payout options. While you should have no issue finding a method you trust, we suggest you consider their withdrawal choices and limits before you deposit and bet.
Popular Sportsbook Withdrawal Methods
There are typically fewer withdrawal banking methods at sports betting sites than there are deposit options. That means you won’t always be able to cash out the same way you put money in to get started.
The limited list usually includes some cryptocurrencies, paper checks in the mail, money orders, and bank transfers. Occasionally a site will allow person-to-person transfers or put your money back on a credit card or prepaid card.
Typical Minimum And Maximum Withdrawal Limits
Sportsbook withdrawal minimums usually hover around $50. You might find a few sites or specific banking methods with $10-$20 payouts, but that isn’t as common.
The max you can withdraw from your sports betting account varies greatly depending on the site and method you choose. Checks tend to cap out around $3,000, while crypto cash-out requests can regularly hit the $100,000 mark.
Best Online Betting Sites for Easy Withdrawals
|Rank||Top Sportsbooks||Deposit bonus||Get Started|
|1||BetUS||Deposit bonus 100% Up To $2,500||Bet Now|
|2||Bovada||Deposit bonus 50% Up To $250||Bet Now|
|3||BetNow||Deposit bonus 100% Up To $1,000||Bet Now|
|4||Betonline||Deposit bonus 50% Up To $1,000||Bet Now|
|5||Everygame||Deposit bonus 100% Up To $750||Bet Now|
|6||Sportsbetting||Deposit bonus 50% Up To $1,000||Bet Now|
|7||MyBookie||Deposit bonus 50% Up To $1,000||Bet Now|
Payment Processing Report
For the latest on payment processing across the world of sports betting, check out Safest Betting Sites’ acclaimed monthly payment processing report.
View our full Sportsbook Payout Report
How to Withdraw Funds From Online Sportsbooks
This video explains the withdrawal process and helps you pick the best method.
How Long Should It Take A Sportsbook To Pay?
A typical sportsbook withdrawal speed ranges from a few minutes up to 2-3 weeks. Completing the know-your-customer (KYC) process in advance (which can take a week on its own) will help expedite the process.
The time of year may also affect processing. For example, online sportsbooks usually receive many withdrawal requests at the end of the NFL season and the Super Bowl, which can cause slow down the payout process.
Average Sportsbook Withdrawal Processing Times
The table below shows the average time for common withdrawal methods, assuming everything goes off without a hitch.
|WITHDRAWAL METHOD||PAYOUT SPEED|
|Cryptocurrencies||15 Min – 48 Hours|
|Check in the Mail||1-2 Weeks|
|Bank Wire||1-2 Weeks|
|Money Order||2-3 Days|
|Credit Card / Prepaid Card||2-3 Days|
|Person-to-Person Transfer||Up to 48 Hours|
Delayed Payouts From Betting Sites
Once you have requested a withdrawal and received a confirmation email that it is getting processed, 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.
If you think the transaction is taking too long, the first step is to be patient. Our top-rated sportsbooks are known for reliable payouts. If you’re still having issues, reach out to the site or email us, and we’ll try to help you.
Sportsbook Deposits & Withdraws are A Piece of Cake
The sportsbooks we recommend make depositing and withdrawing money easy. Use credit cards, cryptos, bank wires, checks, CashApp, and other secure methods to get started.
Our expert team has deposited and withdrawn from these betting sites for over a decade with only minor issues to report. They are safe, trusted, and reliable sites where you can feel confident wagering online.
Sign up as one of the best online sportsbooks and place your bets today!
Deposits & Withdrawals FAQ
Below are the answers to people’s frequent questions about deposits and withdrawals at online sportsbooks.
First, you need to make an account. Then you log in and choose a banking method and amount on the cashier page. Deposit options will vary depending on the sportsbook you choose. We cover the most common deposit options on this page.
Once you log into your account, you’ll need to head to the cashier page to request a payout. You’ll enter the amount you want to withdraw and may need to submit some additional documentation to verify account ownership. Withdrawal methods vary from site to site and don’t always match the deposit options. Checks, cryptocurrency, and bank wires are usually available as a withdrawal method.
There are a lot of cashier options for players. Still, we think cryptos such as Ethereum, Litecoin, or Bitcoin blow every fiat method away by a large margin. Cryptos have free deposits and withdrawals at most betting sites and are usually the shortest processing time. If that sounds good to you, but you’re not comfortable using digital currencies yet, follow our step-by-step guide to using Bitcoin at online gambling sites.
Cryptocurrencies such as Litecoin, Bitcoin, or Ethereum are digital currencies that have become especially popular in online gambling markets in recent years. It has many positives, including provable security, fast transaction times, and more significant maximum limits. We highly recommend betting with cryptocurrencies in online sportsbooks.
The most common issue is that the card is unavailable for international transactions. If you contact your bank, they can usually solve this within a few minutes. Read through our credit card deposit guide for more details.
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.
In most jurisdictions, yes. However, Neteller is no longer available for United States and Canadian residents. Aside from those countries, Neteller is available in most other nations.
Similar to Neteller, Skrill is an option for most countries to deposit into online gambling sites, aside from the United States and Canada. Skrill, formerly known as “MoneyBookers,” is licensed in New Jersey to accept online gambling transactions on licensed online poker and casino sites.
Fees depend on several factors like the banking method you’re using, the region you’re playing, and the sportsbook.
Cryptocurrency rarely has added fees, but you might have to pay your crypto wallet for blockchain network processing. Alternately, checks or bank wires usually have fees to deal with handling, tracking, and postage. However, many sportsbooks offer players one free monthly withdrawal request with specific methods.
If you cash out with crypto or bank wire, you won’t need to do anything to receive your withdrawal request. Once the wire goes through, it will appear on your bank statement or in your digital wallet. The same applies to person-to-person transfers.
Paper checks can be a bit trickier since banks can’t knowingly accept them from online gambling sites. Try a mobile or ATM deposit first. The check might look different than a domestic check, so be prepared to answer some questions if you take it to a teller. Obviously, avoid mentioning that it is a payout from an offshore sportsbook.
A bank should never steal your funds for depositing a check from a sportsbook. However, federal regulations may force them to close your account if they suspect you’re receiving funds from online gambling sites.
Suppose you don’t receive your payment in the allotted timeframe quoted by the sportsbook. In that case, giving them another few days or even a week to make good on the withdrawal doesn’t hurt. Like any business, these sites have delays, especially during busy times of the year, such as the end of the NFL season or after March Madness.
If the payout request still lingers, contact customer support via email, live chat, or phone. Be cordial and inquire about your withdrawal request. Ask how long they think it will be until it is processed.
Bitcoin payouts shouldn’t take more than a few days.