PayPal Betting Sites
PayPal is one of the most popular ways to deposit and withdraw at online betting sites. The easiest way to deposit at an online sportsbook, casino, or poker room via PayPal is through an existing balance. There are several ways to fund a PayPal account, including an instant electronic check that may be drawn directly from a bank account.
Large transfers are available through bank wires. When you make a withdrawal of your winnings or account balance via PayPal, the funds return to your account and are available quickly. Read on for more details, including a complete look at the best PayPal betting sites.
PayPal sportsbooks and betting apps
People in a location where online sports betting is legal will have the option to use PayPal to bet on sports. All of our recommended sites on this list accept deposits via PayPal.
Best PayPal betting sites
- Caesars Sportsbook: Best rewards programs for sports bettors.
- BetMGM Sportsbook: Regular bonuses to new and existing players.
- BetRivers Sportsbook: Easy-to-use platform with a large assortment of betting options and lines.
- FanDuel Sportsbook: Abundance of NFL lines and wagers.
- DraftKings Sportsbook: Smooth app that offers a regular array of retention bonuses and promos.
Those five sportsbooks all accept PayPal. They’re legal and safe for bettors to use in a number of states and are among the most popular and best sports betting sites in the US. New customers who sign up via one of the links in the table above are eligible for various sports betting promos. Let’s take a closer look at the best PayPal betting sites and what they bring to the table for bettors.
Caesars is one of the most recognized names in gambling. The company has applied the same principles it adhered to while growing into a casino behemoth to Caesars Sportsbook. Among the top features is its rewards program. Bettors can earn points and climb tiers by placing bets. Caesars Sportsbook accepts PayPal for both deposits and withdrawals.
The MGM name is also synonymous with excellence across its portfolio of properties. BetMGM Sportsbook continues to gain traction as a go-to spot for bettors in a number of legal sports betting states. PayPal is available for deposits and withdrawals on the BetMGM platform. In addition to a wide range of sports and betting options, BetMGM also offers frequent bonuses, all of which are accessible on the web or mobile.
In the early days of legal online sports betting, BetRivers didn’t have quite the name recognition of the industry titans. That has started to change, however. BetRivers Sportsbook features an easy-to-use platform, and PayPal is available as one of its top banking options. Beyond the usability factor, BetRivers also offers a wide assortment of lines and betting options.
FanDuel Sportsbook is among the most popular betting sites in all of the states in which it’s available. The slick platform, innovations such as same-game parlays, regularly competitive odds and lines, and a wide assortment of NFL betting options have helped the site stand out. PayPal is one of the available options at FanDuel Sportsbook when you visit the cashier section to make a deposit or withdrawal.
DraftKings Sportsbook has also grown into being one of the top US sports betting sites. The slick tech behind the scenes makes for a smooth experience on both the web and mobile platforms. You can use PayPal to make deposits or withdraw your money. DraftKings Sportsbook also offers regular retention bonuses and promos for current users, as well as a popular live betting platform.
Place Bets with payPal
PayPal betting sites pros and cons
When signing up to wager at a legal online sportsbook, you’ll want to make sure that your preferred banking methods are available. While the natural inclination is to go with the method that works best for you and your situation, there are pros and cons to consider for the various options, including PayPal.
Pros of using PayPal for online sports betting
- Deposit speed: PayPal is widely accepted at top online sportsbooks. Once your account is all set and you make a deposit using this method, it’ll go through instantly. You’ll have funds available for betting right away.
- Transparency: In addition to tracking the ins and outs of your funds via your sportsbook account, you’ll have a detailed timeline of your transactions on PayPal, which also provides notification via email every step of the way.
- Security: The history of PayPal stretches back to 1998. It has evolved into a massive financial technology company that’s well-known for its security, including a dedicated fraud team and encrypted software.
Cons of using PayPal for online sports betting
- Withdrawal time: The sportsbook will need to process withdrawals, and this can take some time during particularly busy periods. From there, you have to wait for the funds to arrive in your PayPal account, which typically happens in 24 hours or less.
- Immediate withdrawal fees: If you want to make an immediate withdrawal from your PayPal balance and receive the funds instantly, fees will apply. However, you can avoid fees by choosing the standard processing time, which means you’ll have the funds within one to three days.
- Steps to receive funds: If you have PayPal linked to your bank account, you’ll have to make a transfer to receive the money into your account. While this is far from a deal-breaker, be aware that you have to transfer to your account once you receive the funds in PayPal.
How to deposit with PayPal
Many of the top betting sites feature a PayPal deposit option. Selecting the designated PayPal button will send users over to PayPal to log in and connect their accounts. Then, they can deposit money, for instance via a linked bank account or available PayPal balance.
Some sportsbooks may limit e-wallet deposits, such as not allowing debit or credit cards. In general, it’s a good idea to have an online banking account linked to PayPal. Some sportsbooks also restrict depositing and withdrawing amounts to the same PayPal account. The estimated time to receive funds through withdrawal is one to two days.
- Caesars Sportsbook: Select the PayPal option when on the payment method screen. Minimum $10 to deposit.
- BetMGM Sportsbook: Add PayPal as a deposit method. Put in the amount you wish to add to your account and click deposit to be redirected to log in to your PayPal account. Only accepts deposits via a PayPal balance or a bank account. Minimum amount of $10 to deposit.
- BetRivers Sportsbook: Go to the deposit menu and click “PayPal” on the left sidebar. Enter the amount and click on “Pay with PayPal.” Minimum deposit is $10.
- FanDuel Sportsbook: Select “Add funds” and then the PayPal icon under the quick deposits section. FanDuel does not accept debit and credit cards through PayPal. Minimum deposit is $5.
- Bet365 Sportsbook: Select “PayPal” under the payment method dropdown box on the deposit screen. Minimum deposit is $30.
- DraftKings Sportsbook: Select deposit and click on the PayPal icon to connect your account. Minimum deposit is $5; minimum withdrawal is $1.
History of PayPal in online betting
The company officially launched in 1998 as Confinity and took on the PayPal name in 2000. It was the first major e-wallet on the internet, allowing individuals to send money to a company or another person, and it became the most popular way to purchase an item on eBay. PayPal was also the top choice for online gambling sites that accepted American customers, although it was a trivial amount of its total business.
When daily fantasy sports rose to prominence in the early 2010s, PayPal became a popular option for players on various DFS sites, including FanDuel and DraftKings. While there were some debates over the legality of DFS in the early days, it’s now available in 45 of 50 states. PayPal processes deposits and withdrawals for all sites in all states where daily fantasy companies operate.
When legal online sports betting emerged in 2018, PayPal also became a featured option for deposits and withdrawals at many of the leading betting sites. Each state has its own rules and regulations that govern sports betting, including which banking methods are permitted. As a general rule, PayPal is accepted at all of the top legal sportsbooks, but its availability may vary by market.
PayPal betting FAQ
PayPal is available for use on many legal online betting sites. The exact availability may vary by state, but top online sportsbooks generally offer it as a banking option.
Online betting sites generally do not charge a fee to deposit with PayPal provided you use an existing PayPal balance or an electronic funds transfer from a bank account.
PayPal will not allow you to use credit cards to make a deposit to a betting site. Bettors who wish to use PayPal for deposits need to have a linked bank account from which the funds originate.
You must create an account at PayPal to use it as a deposit method. It is a quick and simple process that only takes a few minutes.
PayPal will appear as a withdrawal option in available states once you’ve used it to make a deposit at the sportsbook where you wish to make a withdrawal.
PayPal withdrawal options include electronic check and check by mail. PayPal has a debit card that you may use at any retailer that accepts credit cards. You can also use it to withdraw cash from an ATM.
In US markets where online casinos are legal and regulated, including New Jersey, Michigan, and Pennsylvania, PayPal is available for use at many of the top sites.
Yes. PayPal is as safe as using any other e-wallet. It is safer than using a bank account directly, as it provides an additional layer of security between the betting site and the player’s financial information.
PayPal offers instant deposits. Credit cards, debit cards, and electronic bank transfers are among the deposit options. You can also use PayPal for traditional purchases and eBay sales, making it more useful than some of its competitors. PayPal balances can also be created by receiving a transfer from a friend or business. The main disadvantage of PayPal is that it charges fees for credit card deposits.
PayPal is available to use at legal horse betting sites in the United States. Similar to sportsbooks, its exact availability may vary by racebook or state.
Yes. PayPal was once the main e-wallet for offshore gambling sites that accepted US players. This included poker, casino sites, and sports betting. The company processed these payments from 2000 until November 2002. PayPal paid a $10 million fine to the US government for these transactions in a civil action.