Best Online Sportsbooks for Payouts & Deposits

There's a fine line separating the best sportsbooks for payouts and deposits from the rest. While many betting sites follow a similar set of standards, each has its own approach. This could lead to differences in key areas, such as the suite of payment options and how long payouts take, as well as minimum dollar requirements for sportsbook deposits and withdrawals.

In our opinion, the following sportsbooks feature the finest systems for deposits and withdrawals:

Best Online Sportsbooks for Payouts & Deposits

1. Bet365 - Support for PayPal and Skrill
2. Caesars Sportsbook - No minimum deposit with Skrill
3. FanDuel Sportsbook - No minimum withdrawal
4. BetMGM - Most credit & debit cards accepted
5. Betway - Solid across the board for payment
6. DraftKings Sportsbook - Lots of retail sportsbooks
7. BetRivers - Payment can take up to 5 days

With so many options to choose from, whether you're betting in Indiana or New Jersey or any other legal betting state, there's no reason to settle for a sportsbook with payment options that don't suit your needs. There are a few things to keep an eye out for when evaluating a betting site's payment options.

Key Elements of Sportsbook Payment Options

• Quick Payouts - We're not big fans of waiting for our money, are we? Justifiably so - you earned it, it shouldn't take a week for your money to be accessible. Sportsbooks with quick payouts are highly valuable for this reason. We place an emphasis on sportsbooks that make withdrawing from your account quick and seamless.
• A Variety of Payment Options - For whatever reason, if you decide to change your method of payment, it shouldn't be a huge hassle. This is why we embrace sportsbooks that offer alternative payment options like PayNearMe, Skrill, Venmo, and PayPal.
• Sportsbook Bonus - Of course, when evaluating sportsbook payment options, you should read the terms and conditions to ensure your option is included in the betting site's welcome offer. Occasionally, some forms of payment will not be accepted for welcome offers, such as deposit bonuses. This is rare but still, it's something to keep an eye out for. For more information, check out our guide to the Best Sportsbook Bonuses available today.
• Mobile Experience - Sportsbooks should strive to make sure their payout and deposit options are uniform across their mobile apps and desktop sites. It's rare that they're not, but it still happens occasionally. If you're interested in learning more about mobile sports betting, we also have a dedicated guide to the top Sports Betting Apps in the US market.

It’s your money and you want it now, right? This is why it's so important for sportsbooks to offer quick payouts for when you need your money.

Most of the sportsbooks we've reviewed here do their part to make this process as quick and painless as possible. Assuming you’re not having a check snail-mailed to you, all the betting sites listed here should get you your money within six business days - and that’s on the high-end.

Having a wide array of payment options provides you with a lot of freedom when using your sportsbook of choice. Common deposit & payout options include the following.

Popular Sportsbook Payment Options

For the sake of your bank account (and your partner's sanity) choosing a sportsbook that has low minimums for deposits and withdrawals is a smart move. It can save you a good deal of money in the long run.

Low minimums mean you have to put less of your hard-earned cash into your account and you can access your money hassle-free once it is deposited into your sportsbook of choice.

Commonly, online sportsbook deposit and payout minimums can range anywhere from $5 - $20. As a rule of thumb, we believe this amount should not exceed $10, but some sportsbooks go a bit higher.

These days, many online sportsbooks are partnered with brick-and-mortar retail sportsbooks. In fact, many states require this before licensing an online betting site.

This provides a great deal of flexibility with both how you bet and how you deposit and withdraw money for your bets. See, at in-person sportsbooks, you deposit using cash as well as get cash payouts.

So if you have any interest in heading over to a sportsbook to have a drink and watch the game with some buddies every once in a while, it may be wise to consider choosing an online sportsbook with a retail spot near you.

1. Caesars Sportsbook - Retail sportsbooks in CO, FL, IL, IN, IA, MI, MS, NV, NJ, NM, NY, NC, PA, RI, TN, VA, WV, and D.C.
2. DraftKings Sportsbook - Bet live in CO, IL, IN, IA, MI, MS, NH, NJ, NY, PA, and WV
3. FanDuel Sportsbook - Retail sportsbooks available in IL, IN, IA, MI, MS, NJ, NY, PA, and WV
4. BetMGM - In-person betting available in Michigan, Mississippi, New Jersey, and Nevada
5. Bet365 - Cash at sportsbooks in New York & New Jersey
6. Betway - Bet live at South Philadelphia Sports Complex

I’m sure you know what a credit or debit card is, so we won’t stop and explain that to you. However, you should know how you can use your card to place bets on sports.

All of the sportsbooks we have reviewed here allow credit or debit cards to make deposits. However, note that you need to have made a deposit using a card if you want to withdrawal to that same card. In other words, you can't make a sportsbook deposit using Venmo and then try to withdraw using your debit card if you didn't previously use that card for a deposit.

You can also take advantage of some of the other common payment methods, such as PayPal or ACH transfers.

If you still want to deposit using your credit/debit card, you have plenty of options. Most online sportsbooks accept Visa & MasterCard, and some even accept other brands like Discover and American Express.

ACH Transfers are transfers from bank account to bank account and are much quicker and more convenient than wire transfers. They’re great if you’re looking to cut out the middleman and get your cash to and from your sportsbook account easily.

Legal sportsbooks uniformly give you the option of utilizing ACH transfers. You can trust all the sportsbooks listed on our site to use your data responsibly. However, if you still feel a bit squeamish about linking your bank account directly to a sportsbook, there are always other options, such as PayPal or credit cards.

Please note that if you’re going to use an offshore sportsbook, like Bovada, they're not regulated in the same way that the sites listed here are. This means those offshore sportsbooks are not held to the same safety and security standards as all of the legal online sports betting sites listed here.

Venmo is a mobile payment app that lets you easily send and receive money from friends. It's known for its social features, where you can add notes and emojis to your transactions. But recently, Venmo has gained popularity in online sportsbooks, as well.

This is because Venmo offers a convenient and fast way to transfer money. Linking your Venmo account to a sportsbook takes just a few minutes, and deposits are credited almost instantly. Plus, Venmo is a trusted platform owned by PayPal, so security is a plus.

If you want to go a bit further down the e-wallet rabbit hole, more sportsbooks are now offering Skrill as a payment option.

Skrill is a digital wallet founded in the United Kingdom in 2001. Since 2020, this service has been operating in the US and is gaining traction with American sportsbooks. Skrill facilitates transfers between different accounts and functions similarly to PayPal. While it may seem new to you, Skrill is a trusted brand known around the world for its safety and security.

At the time of this writing, the following sportsbooks accept Skrill:

• Bet365 - $10 minimum deposit and withdrawal
• Caesars Sportsbook - no minimum on payouts and deposits using Skrill!
• BetMGM - deposits with Skrill can take up to 24 hours to process

More and more sportsbooks are adapting the British e-wallet. If you do plan on using Skrill yourself, please take note - there is a flat $5.50 withdrawal fee when taking out of your Skrill account. If you’re bringing in the big bucks this may not be a big deterrent, but continued smaller payouts will lead to a hefty bit of fees over time.

PayNearMe is a company that strives to make electronic payments as convenient as possible, especially if you don't have a credit or debit card. This platform allows you to transfer funds using credit/debit cards ACH, and Apple & Google Pay. However, the biggest reason for PayNearMe’s viability is its ability to allow you to make electronic payments using cash.

PayNearMe makes it possible to complete online transactions with cash

Simply complete a PayNearMe transaction through the platform and you will receive a specialized barcode. Then, take your mobile device to one of the over 27,000 participating PayNearMe locations at 7-Elevens or CVS around the country. Scan your code at the PayNearMe machine and deposit your cash.

It’s pretty straightforward and allows you to deposit into your online sportsbook account even if you don’t have a card or online banking!

You can deposit with PayNearMe at the following sportsbooks:

• Bet365
• Caesars Sportsbook
• BetMGM
• BetRivers