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In 2023, sports bettors will have more options when depositing and withdrawing cash from a sports betting account. From e-wallets & credit cards to online banking and wire transfers, almost every gambler can find a way to move money to and from legitimate sports betting sites.
This guide identifies the best sports betting deposit and withdrawal methods and helps you find the best sports betting sites to suit your banking needs.
Sports betting deposit methods
Each payment method has its advantages and disadvantages. Fortunately for US gamblers, legal online sportsbooks usually allow their customers to choose from various deposit options.
The most popular ways to deposit into a sports betting account in 2023 are here:
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PayPal
If you are looking for a proven e-wallet, look no further. PayPal is one of the most known brands in online shopping and is a verified option for sports bettors across the country.
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Skrill
Skrill is another popular e-wallet that is an affordable alternative to credit cards. While Skrill is not the most widely available choice for bettors in the US, it’s another deposit system with an added layer of security.
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Play+
Banks usually charge sports bettors a fee when they fund a sport betting account with a credit card or debit card. Play+, a prepaid card, acts as a negotiator between banks & sportsbooks to help gamblers avoid these costs.
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eCheck
If you have an account in a US bank, you can fund your sports betting account through eCheck. Most sportsbooks accept eCheck transactions.
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Online banking services
Online sportsbooks often recommend online banking as a safe deposit method. You can log in and transfer money immediately with your bank login details.
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Visa
When using a credit card, gambling transactions may incur fees. Still, many sportsbooks enjoy Visa’s notoriety.
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Mastercard
As with Visa transactions, Mastercard holders should expect to be hit with a small charge when making sports betting deposits.
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American Express
A much less accepted credit card, Amex is a choice for those who value the flexibility of banking over other sports betting services.
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Bitcoin
Colorado & Virginia are the only regions that accept cryptocurrency. At the same time, Wyoming recognizes cryptocurrency as a method of placing sports bets. Barstool Sportsbook leads the charge for crypto betting sites, but BetMGM, DraftKings, and FanDuel may soon follow suit in Wyoming.
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Bank wire transfers
Wire transfers for high rollers. Due to higher minimums, limits, and fees, the average sports bettor does not benefit from this payment option.
Sports betting withdrawal methods
You should expect instant payouts when you top up your online sports betting account. However, withdrawals are another story.
Depending on how you select to access these funds, it may take several days for the fruits of your betting labor to appear in your bank account or e-wallet. Use the following methods for the fastest turnaround – within 12 hours to 1-2 days.
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Play+
Use Play+ to withdraw money instantly. With most online sportsbooks offering branded Play+ cards to their users, this has an increasingly popular way to withdraw money. Bettors can even use the Play+ service to withdraw cash from ATMs nationwide.
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PayPal
When you use PayPal to withdraw money from your sportsbook account, you should have access to your cash winnings within 1-2 days – and usually faster if you’ve also paid via PayPal. While e-wallets like Skrill and Neteller may charge a small fee, PayPal allows free withdrawals.
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eCheck
ECheck payments are a good alternative for those who do not have a PayPal account. Similar to PayPal, you can expect faster withdrawals when you use eChecks to deposit and withdraw money from your sports betting account. When using eChecks, it takes 2-5 days for your cash to arrive in your bank account.
Sports betting deposit and withdrawal methods
Not all sports betting sites offer banking options that you may find acceptable, but most sportsbook betting sites in the country support the most suitable deposit and withdrawal methods for bettors.
DraftKings deposit and withdrawal methods
DraftKings offers its customers plenty of banking options. Depositing & accessing funds with the DFS powerhouse is as not difficult as ever in 2022.
Payment speed: 1-3 days
FanDuel deposit and withdrawal methods
FanDuel does not leave the accepted banking methods unsaid. Since we cover almost all sports betting techniques, few sports bettors will be upset with what the operator has to offer.
Payment speed: 1-7 days
PointsBet deposit and withdrawal methods
While PointsBet limits bettors to just three payout options, the methods on offer are some of the most popular & easily accessible.
PointsBet does not take credit card deposits in Iowa – only deposits.
Payment speed: 1-5 days
Caesars’ deposit and withdrawal methods
While not all banking methods are available in every state, Caesars must commend for using nearly every possible sports betting deposit method.
Notably, Iowa does not accept credit card deposits (debit cards are accepted). Skrill is only available in New Jersey, while DC bettors cannot use Play+.
Payment speed: 1-5 days
BetRivers deposit and withdrawal methods
Sports bettors can find all the most common deposit and withdrawal methods at BetRivers.
Payment speed: 1-14 days
BetMGM deposit and withdrawal methods
Owned by MGM and Entain, sportsbooks cover all bases for adding and removing funds. BetMGM is one of the few online sportsbooks that accept Amex.
Payment speed: 2-7 days
FOX Bet deposit and withdrawal methods
FOX Bet’s real money deposit & withdrawal options will be sufficient for most punters. The PokerStars Play+ card is a great addition.
Payment speed: 1-5 days
SugarHouse deposit and withdrawal methods
SugarHouse keeps up the most popular deposit methods while giving users access to some of the best payout options available today.
Payment speed: 1-14 days
Tipico deposit and withdrawal methods
Tipico has expanded its list of accepted banking methods and plans to add more in the future, including Amex and Venmo.
Payment speed: 1-7 days
Unibet deposit and withdrawal methods
Unibet currently has six states, offering enough deposit and withdrawal options for most sports gamblers.
Payment speed: 3-10 days
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