Last Updated May 27, 2022, 09:09 AM ET
Sports bettors have more options than ever when depositing and withdrawing cash from a sportsbook account in 2022. From e-wallets and credit cards to online banking and wire transfers, nearly every gambler can find a way to move funds to and from legal sports betting websites.
This guide will identify the best sportsbook deposit and withdrawal methods and help you find the best sports betting sites that meet your banking needs.
Every payment method comes with its own set of pros and cons. Fortunately for sports gamblers in the United States, legal online sportsbooks typically allow their customers to choose from a variety of deposit options.
Here are the most popular ways to deposit funds into a sportsbook account in 2022:
PayPalIf you’re looking for an established e-wallet, look no further. PayPal is one of the most recognized brands for online shopping and a go-to option for sports bettors nationwide.
Check out our list of the best PayPal betting sites (U.S).
SkrillSkrill is another popular e-wallet that serves as a favorable alternative to credit cards. While Skrill isn’t the most widely available option for bettors in the U.S., it’s another deposit method with an added layer of security.
Play+Banks tend to charge sports bettors a fee when funding a sportsbooks account with a credit card or debit card. Play+, a pre-paid card, acts as an intermediary between banks and sportsbooks to help gamblers avoid these charges.
eCheckIf you have a U.S. bank account, you can fund your sportsbook account via eCheck. Most sportsbooks accept eCheck transactions.
Online bankingYou’ll often see online sportsbooks recommend online banking as a safe and secure deposit method. Using your personal banking sign-in credentials, you can log in and transfer funds immediately.
VisaThere may be fees attached to gambling transactions when using credit cards. Still, many sports bettors enjoy the convenience of going with the familiarity of Visa.
Learn more in our guide to the best Visa betting sites.
MastercardLike Visa transactions, Mastercard holders should also expect to be hit with small fees when making a sportsbook deposit.
Refer to our Mastercard betting sites guide to learn more.
American ExpressA far less commonly accepted credit card, Amex is an option for those who value flexible banking over other sportsbook features.
BitcoinTo date, Wyoming is the only state to acknowledge and accept cryptocurrency as a valid sportsbook deposit method. However, neither DraftKings nor BetMGM have begun offering this option to WY bettors.
Bank wire transfersWire transfers are generally reserved for high rollers. With higher minimums, limits, and fees, the average sports bettor has no use for this payment option.
You should expect instant deposits when topping up your online sports betting account. Withdrawals, however, are a different story.
Depending on how you choose to access these funds, it may take several days to see the fruits of your betting labor show up in your bank account or e-wallet. Use the following methods for the quickest turnaround — from within 12 hours to 1-2 days.
Play+For instant withdrawals, use Play+. As most online sportsbooks now offer branded Play+ cards to their users, this has become an increasingly popular withdrawal method. Bettors can even use Play+ to withdraw cash from ATMs across the country.
PayPalWhen using PayPal to pull funds from your sportsbook account, you should gain access to your cash winnings in 1-2 days — and typically faster if you’ve also deposited with PayPal. While e-wallets like Skrill and Neteller may charge small fees, PayPal allows you to withdraw free of charge.
eCheckECheck withdrawals serve as a nice alternative for those without a PayPal account. Like PayPal, expect quicker withdrawals when using eChecks for both depositing and removing money from your sports betting account. It should take 2-5 days for your cash to reach your bank account when using eChecks.
Not all sports betting sites will offer banking options you deem acceptable, but the bulk of the top sportsbooks in the nation support the most convenient deposit and withdrawal methods for bettors.
Here's where the best U.S. sportsbooks stand with regard to deposits and withdrawals:
$1,100 in first bet insurance
COVERSCZR
Although not all of its banking methods are available in every state, Caesars should still be commended for using nearly every sportsbook deposit method possible.
Notably, credit card deposits are not accepted in Iowa (debit cards are accepted). Skrill is available only in New Jersey, while DC bettors are not able to use Play+.
Payout Speed: 1-5 days
| Method | Deposit | Withdrawal |
|---|---|---|
| PayPal |  |
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| Skrill | |
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| Play+ | |
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| eCheck | |
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| Check | ||
| Online banking | |
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| Venmo | ||
| Visa | |
|
| Mastercard | |
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| Amex | ||
| Bank wire | |
|
| Bitcoin |
Detailed Caesars Sportsbook Review
Sign up for Caesars Sportsbook
$500 risk-free bet
No code required
While PointsBet limits bettors to just three withdrawal options, the methods offered are among the most popular and easily accessible.
PointsBet does not accept credit card deposits in Iowa — only debit.
Payout Speed: 1-5 days
| Method | Deposit | Withdrawal |
|---|---|---|
| PayPal | |
|
| Skrill | ||
| Play+ | ||
| eCheck | |
|
| Check | ||
| Online banking | |
|
| Venmo | ||
| Visa | |
|
| Mastercard | |
|
| Amex | ||
| Bank wire | ||
| Bitcoin |
$1,000 risk-free bet
No code required
FanDuel leaves no stone unturned when it comes to its accepted banking methods. With nearly every sportsbook withdrawal method covered, few sports bettors will be disappointed with what the operator has to offer.
Payout Speed: 1-7 days
| Method | Deposit | Withdrawal |
|---|---|---|
| PayPal | |
|
| Skrill | ||
| Play+ | |
|
| eCheck | |
|
| Check | |
|
| Online banking | |
|
| Venmo | |
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| Visa | |
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| Mastercard | |
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| Amex | ||
| Bank wire | |
|
| Bitcoin |
$1,000 deposit match
No code required
DraftKings provides its customers with plenty of banking options. Depositing and accessing funds with the DFS powerhouse is as easy as ever in 2022.
Payout Speed: 1-3 days
| Method | Deposit | Withdrawal |
|---|---|---|
| PayPal | |
|
| Skrill | ||
| Play+ | |
|
| eCheck | |
|
| Check | |
|
| Online banking | |
|
| Venmo | ||
| Visa | |
|
| Mastercard | |
|
| Amex | ||
| Bank wire | |
|
| Bitcoin |
100% up to $250
250MATCH
Sports bettors will find all of the most common deposit and withdrawal methods at BetRivers.
Payout Speed: 1-14 days
| Method | Deposit | Withdrawal |
|---|---|---|
| PayPal | |
|
| Skrill | ||
| Play+ | |
|
| eCheck | |
|
| Check | |
|
| Online banking | |
|
| Venmo | ||
| Visa | |
|
| Mastercard | |
|
| Amex | ||
| Bank wire | ||
| Bitcoin |
$1,000 risk-free bet
No code required
The MGM and Entain-owned sportsbook covers all of the bases when it comes to adding and removing funds. BetMGM is also one of few online sportsbooks to accept Amex.
Payout Speed: 2-7 days
| Method | Deposit | Withdrawal |
|---|---|---|
| PayPal | |
|
| Skrill | |
|
| Play+ | |
|
| eCheck | |
|
| Check | |
|
| Online banking | |
|
| Venmo | ||
| Visa | |
|
| Mastercard | |
|
| Amex | |
|
| Bank wire | ||
| Bitcoin |
$500 risk-free bet
No code required
FOX Bet's real money deposit and withdrawal options will be sufficient for most bettors. The PokerStars Play+ card is a nice addition here.
Payout Speed: 1-5 days
| Method | Deposit | Withdrawal |
|---|---|---|
| PayPal | |
|
| Skrill | |
|
| Play+ | |
|
| eCheck | |
|
| Check | ||
| Online banking | |
|
| Venmo | ||
| Visa | |
|
| Mastercard | |
|
| Amex | ||
| Bank wire | ||
| Bitcoin |
100% up to $250
250MATCH
SugarHouse supports the most popular deposit methods while giving its users the choice of some of the top withdrawal options available today.
Payout Speed: 1-14 days
| Method | Deposit | Withdrawal |
|---|---|---|
| PayPal | |
|
| Skrill | ||
| Play+ | |
|
| eCheck | |
|
| Check | |
|
| Online banking | |
|
| Venmo | ||
| Visa | |
|
| Mastercard | |
|
| Amex | ||
| Bank wire | ||
| Bitcoin |
$750 deposit match
No code required
Tipico has grown its list of accepted banking methods and is looking to add more options in the future, including Amex and Venmo.
Payout Speed: 1-7 days
| Method | Deposit | Withdrawal |
|---|---|---|
| PayPal | |
|
| Skrill | ||
| Play+ | |
|
| eCheck | |
|
| Check | ||
| Online banking | |
|
| Venmo | ||
| Visa | |
|
| Mastercard | |
|
| Amex | ||
| Bank wire | |
|
| Bitcoin |
$500 risk-free bet
No code required
Now live in six states, Unibet offers enough deposit and withdrawal options to satisfy most sports gamblers.
Payout Speed: 3-10 days
| Method | Deposit | Withdrawal |
|---|---|---|
| PayPal | |
|
| Skrill | ||
| Play+ | |
|
| eCheck | |
|
| Check | |
|
| Online banking | |
|
| Venmo | ||
| Visa | |
|
| Mastercard | |
|
| Amex | ||
| Bank wire | ||
| Bitcoin |
To deposit funds into a sportsbook account, you'll first have to register. Then, choose an available deposit method, enter your account information, and specify the amount you would like to deposit. Most deposits will be processed instantly.
Yes, many online sportsbooks that accept Visa and MasterCard support both credit card and debit card deposits.
Yes, many sportsbooks accept Visa gift cards and Visa prepaid cards as forms of payment. Play+ is another widely accepted prepaid card.
Yes, most betting sites, including online sportsbooks, accept PayPal.
This largely depends on the withdrawal method you choose. Some methods, like Play+, support immediate withdrawals. Other methods may take anywhere from 1-2 days (PayPal) to a few weeks (check by mail).
Jeff Watters is a content editor at Covers. Before he began supporting Covers experts in making smarter sports bettors in 2021, the well-traveled Nova Scotian and Atlanta Braves fanatic spent time writing about education, software, and NHL prospects.
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