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.

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Top 5 PayPal betting sites

  1. Caesars Sportsbook: Best rewards programs for sports bettors.
  2. BetMGM Sportsbook: Regular bonuses to new and existing players.
  3. BetRivers Sportsbook: Easy-to-use platform with a large assortment of betting options and lines.
  4. FanDuel Sportsbook: Abundance of NFL lines and wagers.
  5. 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 Sportsbook

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. 

BetMGM Sportsbook

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.   

BetRivers Sportsbook

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

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

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.  

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

Cons of using PayPal for online sports betting

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.

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

Can I use PayPal on betting sites?

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.

Are there fees associated with using PayPal at online betting sites?

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.

Can I deposit with a credit card through PayPal?

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.

Can I deposit using PayPal if I don’t have a PayPal account?

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.

Why don’t I see PayPal as a withdrawal method?

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.

How do I withdraw from PayPal?

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.

Are there any online casinos that accept PayPal?

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.

Is PayPal a safe way to deposit at betting 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.

What are the advantages and disadvantages of using PayPal?

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.

Can you use PayPal for horse betting?

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.

Didn’t PayPal once process payments for offshore betting sites?

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.

Do daily fantasy sports sites accept PayPal?

DraftKings and FanDuel accept PayPal at their daily fantasy sports sites. DraftKings and FanDuel also accept PayPal for sports betting and online casino gambling in markets in which it has been approved as a funding method.