Betting Deposit & Withdrawal Guide: All Banking Options For 2026
Funding a sportsbook account and cashing out your winnings should be the easy part of betting, but the options vary more than many bettors expect. Legal US sportsbooks accept a wide mix of deposit and withdrawal methods, from instant online banking transfers and debit cards to PayPal, Venmo, Apple Pay and prepaid Play+ cards.
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Not every method works everywhere. Availability depends on the sportsbook and sometimes the state, since some states don’t allow credit card deposits at all, and withdrawal speeds can range from a few minutes to several business days. Below, LegalSportsReport breaks down each common payment option, shows which sportsbooks support it and walks through how to deposit and withdraw step by step.
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, 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 accounts | Credit cards* | Debit cards* | ACH/e-check | Venmo | Apple Pay* | PayPal | Play+ | PayNearMe | GIft cards | Wire transfers | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Caesars Sportsbook | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes | No | No |
| Bet365 Sportsbook | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes | No | No | No |
| BetMGM Sportsbook | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| BetRivers Sportsbook | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes | No | No |
| FanDuel Sportsbook | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| DraftKings Sportsbook | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Fanatics Sportsbook | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No | Yes |
| ESPN Bet | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes | No | Yes |
| Hard Rock Bet | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes | No | No | No |
*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 accounts | Credit cards | Debit cards | ACH/e-check | Venmo | Apple Pay | PayPal | Play+ | Check | Wire transfers | |
|---|---|---|---|---|---|---|---|---|---|---|
| Caesars Sportsbook | Yes | No | Yes | Yes | No | No | No | Yes | No | No |
| Bet365 Sportsbook | Yes | Yes | Yes | Yes | No | No | Yes | No | No | No |
| BetMGM Sportsbook | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| BetRivers Sportsbook | Yes | No | Yes | Yes | Yes | No | Yes | Yes | No | No |
| FanDuel Sportsbook | Yes | No | Yes | Yes | Yes | No | Yes | Yes | Yes | No |
| DraftKings Sportsbook | Yes | No | Yes | Yes | Yes | Yes | Yes | No | Yes | No |
| Fanatics Sportsbook | Yes | No | No | Yes | Yes | No | No | No | Yes | Yes |
| ESPN Bet | Yes | No | Yes | Yes | Yes | No | Yes | Yes | Yes | Yes |
| Hard Rock Bet | Yes | No | Yes | Yes | Yes | No | Yes | No | No | No |
*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.
- Find deposit section.
- Choose the amount you wish to deposit.
- Choose the method of deposit.
- Log into your account on your chosen platform. If using online banking, you’ll need to choose your bank and then enter your banking information here. If using PayPal, you’ll need to enter your PayPal information.
- Confirm deposit.
- Start betting.
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.
- 1. Find “withdraw” in the account/banking section.
- 2. Choose the amount you want to take out of your online sportsbook account.
- 3. Choose the method by which you want to receive the money. If using the same method as your deposit, such as an online banking account, the account should still be saved in the app.
- 4. Request the withdrawal.
Sports betting banking FAQ
Not all deposits require a playthrough, though some do. For more information on playthrough requirements, check our sports betting promos page.
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.