America’s quality online sportsbooks offer a diverse array of deposit and withdrawal options. The methods include both face-to-face transactions and digital methods that leverage the latest in cutting-edge payment processing technology. In this guide, we’ll run you through the deposit and withdrawal process and explore the different types of banking methods available to US online sports bettors.
How to Deposit and Withdraw Money
Legal Betting Sites
Making a Deposit
- You can register and organize your online sportsbook deposit from anywhere in the U.S.
- However, you must be physically located (protected by geolocation) within state's borders to place legal bets.
Deposit Methods Are Available in The US
NavigaTe to the cashier or banking section of the site. Quality sportsbooks will direct you there automatically, using smart technology. If not, simply use the navigation links to the cashier, banking center, or deposit area.
On the deposit page, you will be able to see a list of deposit options, which most commonly will include;
- Visa (Credit & Debit Cards)
- Mastercard (Credit & Debit Cards)
- ACH (echeck)
- Online Bank Transfer
- Cash at Casino Cage (Sportsbook’s land-based casino partner)
Choose Which Method Is Best for You
Once you know which options are available, make a selection. Many factors decide which deposit option will be best for you. Ultimately, choose what is best for you, not the sportsbook.
Decide on Your Deposit Amount
After deciding on the deposit method you will use; how much you want to deposit? Whilst it is entirely up-to-you, you may want to check the sportsbook welcome bonus to see if they have a matching deposit bonus or risk-free first bet equal to your first deposit. You don’t want to miss out on a huge bonus equivalent to your first deposit. Additionally, many online sportsbooks have a minimum deposit amount ($5 or $10).
Make the Deposit - Complete Any Required Information
Having decided on the amount you want to deposit, follow the easy-to use drop-down menus through each required deposit step including secure payment screens where applicable that are fully protected by Secure Socket Layer (SSL) digital encryption.
If you are going to repeat using the same method for succeeding deposits, you will be given the option to save your payment details.
Happy Sports Betting
After you make your deposit, it’s time for wagering and winning. Good luck!
How to Make a Withdrawal
The steps in withdrawing your winnings are similar to making a deposit. Head to the banking section of your online sportsbook and select the ‘payout’, ‘cash out’ or ‘withdraw’ section (the exact terms will vary between online sportsbooks).
Check to See Which Withdrawal Methods Are Available
The number of withdrawal methods available with your online sportsbook will usually not be as many as you enjoyed for your deposit. Which method you choose is a personal choice and is usually decided by what is the most convenient and the speed of the processing time.
Common online sportsbook withdrawal methods (and their average processing times) include;
- PayPal (Instant-to-48 hours maximum)
- Skrill (Instant-to-48 hours maximum)
- ACH (echeck) (2-to-5 business days)
- Online Bank Transfer (2-to-5 business days)
- Cash at Casino Cage (Sportsbook’s land-based casino partner) – (Instant)
- Paper Check (7-to-14 business days)
Decide on Your Withdrawal Amount
After deciding on the method you’ll use, choose your withdrawal amount. Consider that you may wish to leave some funds in your sportsbook account for future wagers.
Check how much of your money is eligible to be withdrawn. Sportsbooks may “lock” some of your funds until you clear bonus wagering requirements. For example, your account may have $1000 in it, but only $500 may be eligible for withdrawal without suffering a penalty.
Make the Withdrawal and supply any requested Information
Having decided on your withdrawal amount, go ahead and use the drop-downs/online form supplied. ‘Request withdrawal’ is a common button for many sportsbooks.
Most sportsbooks state that a withdrawal request may take up to 48 hours to review and process, often dependent on the volume of requests received. Usually, you will hear back on whether your request was successful within 24 hours.
Please be aware for your safety-and-security, America’s quality online sportsbooks reserve the right to request verification documents to process your withdrawal based on your payout method preference.
Ensure you have fully completed all required fields to process your withdrawal in the most time effective manner possible. The faster your information is verified, the quicker you will receive your money.
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