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PayPal Betting Sites: U.S. Sportsbooks That Accept PayPal in 2023

Jeff Watters - Covers
Written by: Jeff Watters, Sports Betting Editor Fact checked by: Brandon DuBreuil, Head of Content
Last Updated Jan 31, 2023, 1:41 PM ET

If you're looking for the safest way to move your bankroll in and out of your accounts at the best sportsbooks in the U.S., PayPal may be the banking option for you. First marketed as a more secure alternative to credit cards, PayPal now accounts for 22% of all online transactions in the U.S. (Statista, 2020) and is supported by the best betting sites for withdrawal and deposit options.

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Deposits & withdrawals

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#4
DraftKings
BetSmart Logo BetSmart™ Rating: 4.6/5
Bet $5, Get $200
Terms & conditions apply
  • Good live betting section
  • Offers same-game parlays
  • User-friendly interface
Currency symbol Payout Speed: 1-3 days
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#5
BetRivers
BetSmart Logo BetSmart™ Rating: 4.3/5
Up to a $500 Free Bet
Terms & conditions apply
  • Weekly promotions
  • Over 20 sports available
  • Offers same-game parlays
Currency symbol Payout Speed: 1-14 days
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#6
BetMGM
BetSmart Logo BetSmart™ Rating: 4.4/5
$1,000 Back in Bonus Bets
Terms & conditions apply
  • User-friendly mobile app
  • Good deposit options
  • Offers same-game parlays
Currency symbol Payout Speed: 2-7 days
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#7
FOX Bet
BetSmart Logo BetSmart™ Rating: 4.3/5
$50 Risk-Free Bet
Terms & conditions apply
  • Utilizes BetStars platform
  • Offers same-game parlays
  • Very fast withdrawals
Currency symbol Payout Speed: 1-5 days
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#8
Betway
BetSmart Logo BetSmart™ Rating: 4.1/5
$250 Risk-Free Bet
Terms & conditions apply
  • Modern betting platform
  • Convenient banking
  • 24/7 customer support
Currency symbol Payout Speed: 1-5 days
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#9
bet365
BetSmart Logo BetSmart™ Rating: 4.4/5
Bet $1, Get $200
Terms & conditions apply
  • Top-rated sportsbook
  • Ample markets
  • Fast and secure banking
Currency symbol Payout Speed: 0-5 days
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#10
SugarHouse
BetSmart Logo BetSmart™ Rating: 4.4/5
Up to $500 in Free Bets
Terms & conditions apply
  • Copious banking methods
  • Competitive odds
  • Offers same-game parlays
Currency symbol Payout speed.. 1-14 days
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Deposits & withdrawals

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    What to look for in a PayPal betting site

    Not all PayPal betting sites are created equal. The best U.S. betting sites offer bettors favorable odds, lucrative bonuses and promotions, safe and convenient banking, and industry-leading customer support.

    Bonuses and promotions icon Bonuses and promotions

    Some PayPal betting sites greet new sports bettors with enticing welcome bonuses. Risk-free bets and deposit matches are the most common sign-up promotions in the U.S., while some newly-regulated operators may activate pre-registration offers to generate excitement leading up to their go-live dates.

    Odds icon Competitive odds

    The top PayPal betting sites know that they need to offer competitive odds in order to stick around. Savvy sports bettors will jump from sportsbook to sportsbook after taking advantage of welcome offers, so expect bookies with staying power to provide you with reasonable betting lines. 

    Wallet icon PayPal deposit and withdrawal limits

    Most sports betting sites that accept PayPal set deposit limits of $5-$10, while you should expect withdrawal limits to be a shade higher.

    If your preference is to withdraw funds via PayPal, read your sportsbook's banking terms and conditions. If you plan to deposit cash using another deposit method, you may be restricted to the same type of withdrawal.

    Fast markets icon Payout speed

    Sports bettors who need lightning-quick withdrawal speeds should take note that not every sports betting site processes this type of transaction at the same rate. Some operators in your state may allow you to instantly draw funds from your account, while others will take a few banking days.

    Regardless of the speed at which your withdrawals are processed, PayPal takes extra caution to verify your account and ensure your winnings make their way to you safely.

    Sports icon Bet types and sports available

    Depending on your preferred type of wager, you may have to take a deeper dive into the betting markets of each PayPal betting site in your region.

    Some PayPal sites touch on major sports only, while others may offer a vast collection of live betting options, futures betting, and player props. Check out all that's available before settling on a sportsbook. 

    Security icon Security

    When it comes to banking and security, all legal and regulated sports betting sites in the U.S. are subject to stringent testing to ensure your personal information is locked away safely. Still, there's something to be said about the added layer of protection that PayPal provides through its use of end-to-end encryption and security keys.

    Customer support icon Customer support

    A sports betting site needs to make it easy for users to contact its customer support team. This means providing bettors with multiple ways to reach out and being quick to respond to urgent customer inquiries. 

    If an online sportsbook features a live chat option, test it out at different times during the day before signing up. If customer service agents respond promptly, this could be a good indication you'll be in good hands as a customer.

    The pros and cons of betting with PayPal

    When you use PayPal to bet on sports, you'll never be asked to share your personal banking information with a sports betting site. 

    And while PayPal charges a 2.9% fee — plus a fixed fee of $0.30 USD — when you use a credit card or debit card to top up your account balance, all transactions involving your existing balance are free when betting online.

    Covers hit icon
    Free and speedy sportsbook deposits and withdrawals  
    Covers hit icon
    No need to share personal banking information with sportsbook
    Covers hit icon
    A way to get around banking restrictions
    Covers miss iconFees when adding funds to PayPal account with credit card or debit card

    Latest U.S. betting news

    How PayPal keeps your funds secure

    PayPal's reputation precedes itself. Viewed as one the most secure ways to complete transactions online, many sports bettors choose the e-wallet as a safe and easy way to fund a sports betting account.

    PayPal uses end-to-end encryption, security keys, and email confirmation to make certain your banking transactions are completed with the utmost security in mind.

    End-to-end encryption

    Consider end-to-end encryption the data equivalent of a complex set of signs given by a third base coach — only exponentially more elaborate. This is the industry-standard approach to protecting the communication of sensitive data online.

    Public keys, stored on servers, encrypt your personal information. Sports betting sites then use private keys stored locally to decrypt your sensitive data. End-to-end encryption ensures that hackers will swing and miss on any attempt to intercept this information. 

    Security keys

    U.S. sports bettors seeking an additional layer of protection can opt in to receive a one-time-use security key. This unique pin can be used for every new PayPal session, along with your password, to sign in to your account.

    Email confirmation

    PayPal will send you an email anytime you make a payment or add cash to your account. If you don't recognize a transaction, contact PayPal support to investigate the matter immediately.

    How to create a PayPal account

    If you're new to PayPal, follow this step-by-step guide to open and fund a personal account.

    Sign up for PayPal

    • Download the PayPal app in the App Store or Google Play store or visit PayPal.com.
    • Tap or click "Sign up." 
    • Tap or click "Personal" to open a personal PayPal account.
    • Choose your country and add your phone number and other personal information.
    • Use your email address to verify your account.

    Add funds to your PayPal account

    • Link your credit card, debit card, or bank account to your PayPal account (Note: you may only link one card to an account at a time).
    • Tap or click "Transfer money" under your account balance.
    • Tap or click "Add money to your balance."
    • Specify the total amount you'd like to place in your PayPal account and confirm the transaction.

    How to start betting with PayPal

    Now that your PayPal account is up and running, you can deposit funds directly into a sportsbook account and place your first bet.

    1

    Select a sportsbook

    Choose the sports betting app that best suits your needs. Consider betting odds, promotions, banking options, customer support availability, and more. 

    2

    Register online

    Most PayPal betting sites in legal states allow sports bettors to complete the registration process anywhere within state lines. Prepare your personal and banking information ahead of time for the smoothest sign-up experience.

    3

    Claim a bonus

    PayPal sportsbooks offer new users welcome bonuses like risk-free bets, deposit matches, and free credits. Remember to opt in or enter the correct promo code if necessary. 

    4

    Deposit funds

    Go to your sports betting app's cashier section and select the PayPal option to fund your account. After specifying how much you'd like to deposit, sign in to PayPal when prompted and confirm your instant deposit.

    5

    Start betting

    Now that you've safely transferred funds from PayPal to your betting account, it's time to start betting. Browse the markets, select your pick(s), and confirm your wagers.

    6

    Withdraw winnings

    You can access your bankroll at any time via PayPal. Payout speeds vary from sportsbook to sportsbook, but you should receive your cash in a day or two.

    More payment and betting resources

    If PayPal isn't your preferred banking option, there are plenty of other ways to add and remove funds from your sports betting account. U.S. bettors can also turn to Visa, Mastercard, Amex, other e-wallets, and many more popular payment methods. Crypto betting sites may also soon arrive in the U.S.

    Check out the following guides for additional payment and betting resources:

    Best Mastercard betting sites
    Find out where you can start betting with Mastercard.
    Mastercard Betting Sites
    Best Amex betting sites
    Check out Covers' guide to betting with American Express.
    Amex Betting Sites
    Best Visa betting sites
    Learn about betting with Visa and why it is among the most popular sportsbook banking methods.
    Visa Betting Sites

    PayPal betting sites FAQs

    Yes, many U.S. sports betting sites accept PayPal deposits and withdrawals.

    While PayPal isn’t universally accepted by U.S. licensed sportsbooks, many of the top operators support PayPal deposits and withdrawals. FanDuel, DraftKings, BetMGM, Caesars Sportsbook, and PointsBet are among the betting sites that process PayPal transactions.

    Yes, you may use your PayPal account to deposit and withdrawal funds at FanDuel.

    Follow the steps in this guide to start betting with PayPal. Depositing funds using PayPal takes only a few moments.

    Yes, if you use PayPal to make a deposit, you’ll also be able to withdraw funds back to your PayPal account.

    Absolutely. PayPal uses end-to-end encryption to thwart even the most skilled hackers’ attempts at accessing your personal information. PayPal offers sports bettors an incredibly safe and secure method to deposit and withdrawal from online sportsbook accounts.

    Pages related to this topic

    Best Betting Sites US
    Best Sports Betting Sites Canada
    Is Sports Betting Legal In Canada
    States With Legal Sports Betting
    Best New Betting Sites
    Deposit and Withdrawal Methods
    Best Visa Betting Sites
    Best Mastercard Betting Sites
    Best American Express Betting Sites
    Jeff Watters - Covers
    Jeff Watters
    Sports Betting Editor

    Jeff has been reviewing sportsbooks and covering North American sports betting full-time since 2021. The former NHL prospects writer has crafted over 100 reviews and guides for the Covers community and has been sweating his own picks for over a decade.

    • PayPal Betting Sites: U.S. Sportsbooks That Accept PayPal in 2023
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