Payment Methods at US Sportsbooks
Is sports betting legal?
Yes. Sports betting is legal in over 30 states.
What is the best sports betting payment method?
Choosing the best sports betting payment method largely depends on your preferences. e-Wallets and Open Banking methods like Trustly tend to offer the best of both worlds.
How fast are sportsbook withdrawals?
Sportsbook withdrawals can take anywhere between a few hours to a few days. Use options like e-wallets to guarantee the fastest payouts.
Do I have to pay any fees to withdraw?
Bettors using options like ACH, PayNearMe or wire transfer might encounter some fees when withdrawing.
How do you pay for betting?
You need to make a deposit to your sportsbook account. There are many payment methods that can be used to do this, including debit cards, e-wallets, and prepaid cards. We’ve got the full rundown further up the page.
What are the payout options for sports betting?
You can use most of the same sportsbook banking options for payouts as you can for deposits, such as debit cards and e-wallets. Prepaid cards typically can’t be used for payouts, however.
How do I deposit money into my betting account?
Once you’ve signed up or logged in, head to the cashier section of the sportsbook and select ‘deposit’. Choose a payment method — we’ve explained the different sportsbook banking options on this page — and enter the amount you want to deposit, then confirm. The money will usually land in your betting wallet instantly.
How do you collect winnings from online betting?
Winnings from successful bets are automatically added to your sportsbook wallet. You can then withdraw or ‘cash out’ your funds. Here, you request an amount to be paid via your chosen withdrawal method. The sportsbook will then process the request and send you the money.
Can I claim a bonus with all sportsbook banking options?
Sometimes certain payment options are ineligible when claiming sportsbook offers due to a higher risk of bonus fraud. e-Wallets and prepaid cards are the most common exclusions, with debit cards offering the widest eligibility.
Can I use a credit card for sports betting?
Yes. Visa, Mastercard, American Express, and Discover are accepted at many betting sites. However, we don’t recommend using a credit card for sports betting as it can make it harder to gamble responsibly and stay within your budget.