There are several options for both depositing and withdrawing your money at legal US sportsbooks. In this article, LSR’s betting experts have listed and explained all of the most common banking methods available to bettors, from ACH transfer to credit cards and Venmo. 

Find out where you can use each banking method and how that payment functions with your favorite sportsbook.

Common sportsbook deposit & withdrawal methods

Every regulated US sportsbook has banking options approved by state regulators. States also establish processes for players to file complaints if necessary.

Online banking transfer

US online sportsbooks partner with payment platforms that manage online banking transfers, ensuring a safe process. Most legal sportsbooks in the US partner with Trustly for these transactions.

Users can link thousands of banks with online sports betting accounts, including Bank of America, Wells Fargo, Chase, TD Bank, PNC Bank, Capital One, US Bank, Navy Federal Credit Union, Regions, Citizens Bank, Citi, and Huntington.

Note: Some banks may not allow deposits for online gambling accounts. Check your bank’s terms and conditions for more information.

Debit card/credit card

Through banking partners, online sportsbooks often accept credit card and debit card deposits from Visa and Mastercard, and sometimes Discover and American Express.

However, Iowa, Massachusetts, New Hampshire, Oregon, Rhode Island, Tennessee, and Vermont have banned the use of credit cards to fund online sportsbook accounts. Iowa, Massachusetts, and Tennessee also ban the use of funds deposited using a credit card in another state, which sportsbooks are responsible for keeping track of.

Note: Some credit/debit cards do not allow transactions with gambling companies, and fees may apply to some credit card transactions.

ACH/e-check

Digital versions of checks, known as e-checks, can also work for depositing funds. The sportsbook uses the Automated Clearing House (ACH) to move funds from a checking account to a sportsbook’s account.

VIP Preferred is the platform that BetMGM and DraftKings use for such deposits.

Venmo

Nowadays, many daily transactions are on Venmo. Most US online sports betting banking providers have added Venmo as an option to their systems.

There are often limits on Venmo transactions from sportsbook apps. For example, DraftKings has no minimum for Venmo withdrawals but verified Venmo accounts can only deposit $4,999.99 per transaction and $19,999.99 per week.

Using the balance from your Venmo account may be prohibited, meaning you might only be able to pull funds from your linked online banking account. Some sportsbooks require a deposit with a Venmo account before accepting a withdrawal request through that account later.

Apple Pay

About a half-dozen major US online sportsbooks accept Apple Pay to fund customer accounts. However, most of those same apps do not yet allow users to withdraw funds using that same Apple Pay account, except for BetMGM. DraftKings allows for withdrawals to eligible debit cards used for deposits.

Additionally, Apple Pay may not yet be available in all states at certain sportsbook apps.

PayPal

PayPal banking for sportsbooks is an option at most US betting platforms.

Using money from your PayPal account balance may only pull funds from your linked online account with some books. Some sportsbooks require a deposit with a PayPal account before accepting a withdrawal request through that account later.

The minimum deposit and withdrawal if you use PayPal can vary from sportsbook to sportsbook.

Play+ 

Play+ is a third-party company that allows you to fund an account using a credit card and then deposit and withdraw money at a sportsbook.

FanDuel and Caesars have branded cards through Play+ where you can register for a FanDuel Prepaid Play+ account through the platform after you sign up for a FanDuel Sportsbook account.

In-person cash or check

Some online sportsbooks allow you to deposit and withdraw money from land-based casino partners. Michigan and New Jersey are two examples. These options vary by state. Online sports betting apps often list their land-based partners prominently on the app, per state regulations. 

In addition, PayNearMe is a popular platform in many states where you can use cash, check, or credit and debit cards to fund online sportsbook accounts at retailers such as 7-Eleven, CVS, Walgreens, Walmart, Kroger, Speedway, Casey’s General Store, Dollar General, and Family Dollar.

Gift card

DraftKings, FanDuel, and BetMGM offer gift cards for purchase at select 7-Eleven, Sheetz, Circle K, Speedway, Walmart, and CVS retailers.

Game On gift cards can fund FanDuel, DraftKings, BetMGM, Hard Rock, Parx Casino, and BetRivers accounts, as well.

Gift cards backed by issuers Visa, Mastercard, American Express, or Discover also can be used as cash to fund sportsbook accounts.

Wire transfer

Some sportsbooks allow wire transfers for large deposits that can’t be made with an online gambling account. For example, FanDuel offers wire transfers of more than $2,000 through Wells Fargo.

Banking options at each US sportsbook

Banking options vary depending on the legal US sportsbook. Here is information about which service each sports betting app uses.

Deposits accepted by each sportsbook

Online banking accountsCredit cards*Debit cards*ACH/e-checkVenmoApple Pay*PayPalPlay+PayNearMeGIft cardsWire transfers
Caesars SportsbookYesYesYesYesYesNoYesYesYesNoNo
Bet365 SportsbookYesYesYesYesNoYesYesYesNoNoNo
BetMGM SportsbookYesYesYesYesYesYesYesYesYesYesNo
BetRivers SportsbookYesYesYesYesYesNoYesYesYesNoNo
FanDuel SportsbookYesYesYesYesYesYesYesYesYesYesYes
DraftKings SportsbookYesYesYesYesYesYesYesYesYesYesYes
Fanatics SportsbookYesYesYesYesYesYesYesYesNoNoYes
ESPN BetYesYesYesYesYesNoYesYesYesNoYes
Hard Rock BetYesYesYesYesYesYesYesYesNoNoNo

*Note: Use of credit and debit cards, Apple Pay, Skrill, and in-person deposits for online sportsbooks vary by state.

Withdrawals accepted by each sportsbook

Online banking accountsCredit cardsDebit cardsACH/e-checkVenmoApple PayPayPalPlay+CheckWire transfers
Caesars SportsbookYesNoYesYesNoNoNoYesNoNo
Bet365 SportsbookYesYesYesYesNoNoYesNoNoNo
BetMGM SportsbookYesNoYesYesYesYesYesYesYesNo
BetRivers SportsbookYesNoYesYesYesNoYesYesNoNo
FanDuel SportsbookYesNoYesYesYesNoYesYesYesNo
DraftKings SportsbookYesNoYesYesYesYesYesNoYesNo
Fanatics SportsbookYesNoNoYesYesNoNoNoYesYes
ESPN BetYesNoYesYesYesNoYesYesYesYes
Hard Rock BetYesNoYesYesYesNoYesNoNoNo

*Note: In-person withdrawals for online sportsbooks vary by state. PayNearMe and reloading gift cards are not available as withdrawal options.

Explore more banking options

Looking for more information? We built a dedicated hub to help you explore your payment options.

How to deposit money into a sports betting account

To make a deposit, select your bank in the sportsbook’s banking section, enter your online banking ID and password, and funds should quickly be available.

When your banking information is entered, you can make withdrawals as well. 

Generally, on US sportsbooks, you deposit and withdraw money from your account in the cashier section. You can find it by clicking the dollar amount in your account on the upper or lower right of the app.

How to withdraw money out of a sports betting account

After withdrawing money from a sportsbook, the funds may not be available for up to three business days, depending on how fast the bank processes transactions. For more information, check out our fastest-paying sportsbooks page.

Sports betting banking FAQ

Do all deposits have playthrough requirements?

Not all deposits require a playthrough, though some do. For more information on playthrough requirements, check our sports betting promos page.

Is it safe to connect my online banking account to a sports betting account?

Yes. Regulated US online sportsbooks partner with safe third-party online banking platforms to ensure security. If you want, you can unlink your bank account from the sportsbook when you are not making a deposit or a withdrawal.