Collecting your sports betting winnings should always be a hassle-free experience. For this reason, sports gambling sites invest in their banking options to make money management fast and convenient.
This page highlights the sportsbooks that offer the fastest payouts as well as which withdrawal methods they utilize. We will also discuss ways to speed up the withdrawal process and other factors that can influence payout times.
Top Online Sportsbooks with Fastest Payouts
Bettor In Green has found these six online sportsbooks to offer the fastest payouts. They were chosen based on both the number of available payout options and the withdrawal times for those methods.
NOTE: Withdrawal methods marked with an asterisk may not be available in all states where the bookmaker operates. Average withdrawal times are listed after each method.
bet365 Sportsbook
Available Payout Methods
- Apple Pay – Within 1-3 business days of withdrawal approval
- Cash (at retail locations only) – Within 1 hour of withdrawal approval
- Credit Card (Visa, Mastercard, Discover, American Express) – Within 24 hours of withdrawal approval
- Debit Card (Visa, Mastercard, Discover, American Express) – Within 24 hours of withdrawal approval
- Online banking via Trustly – Within 24 hours of withdrawal approval
- PayPal – Within 24 hours of withdrawal approval
- Skrill* – Within 1-3 business days of withdrawal approval
- Venmo* – Within 1-3 business days of withdrawal approval
DraftKings Sportsbook
Available Payout Methods
- Apple Pay – Within 24 hours of withdrawal approval
- Cash (at retail locations only) – Within 1 hour of withdrawal approval
- Check (sent via U.S. Mail)
Withdrawals < $100 take up to 14 business days, tracking is unavailable Withdrawals between $100.01 and $1,999 take up to 5 business days, tracking available via USPS Withdrawals > $2,000 take up to three business days, tracking available via FedEx - Debit Card (Visa, Mastercard, Discover, American Express)* – Within 24 hours of withdrawal approval
- Online Banking – Within 2-5 business days of withdrawal approval
- PayPal – Up to 2 business days after withdrawal approval
- Play+ * – Up to 4 business days after withdrawal approval
- Venmo* – Up to 2 business days after withdrawal approval
- VIP Preferred (e-check) – Up to 3 business days after withdrawal approval
- Wire transfer – Up to 2 business days after withdrawal approval
Caesars Sportsbook
Available Payout Methods
- Cash (at retail locations only) – Within 1 hour of withdrawal approval
- Debit Cards (Visa, Mastercard, Discover)* – Within 1 hour of withdrawal approval
- Online Banking – Within 2-5 business days depending on your bank
- PayPal – Within 24 hours of withdrawal approval
- Play+ – Up to 4 business days of withdrawal approval
- Venmo – Within 24 hours of withdrawal approval
- VIP Preferred (e-check) – At least 24 hours after withdrawal approval
BetMGM Sportsbook
Available Payout Methods
- Apple Pay* – Within 1-3 business days of withdrawal approval
- Cash (at retail locations only) – Within 12 hours of withdrawal approval
- Check by mail – Within 7-21 business days of withdrawal approval
- Debit Cards (Visa, Mastercard)* – Within 24 hours for Visa, 1-3 days for Mastercard
- eCheck – Within 2-4 business days of withdrawal approval
- Online banking – Within 2-4 business days of withdrawal approval
- PayPal – Within 2-4 hours of withdrawal approval
- Play+* – Within 2-4 hours of withdrawal approval
- Venmo* – Within 24 hours of withdrawal approval
FanDuel Sportsbook
Available Payout Methods
- Cash (at retail locations only) – Most within 1 hour of approval, though larger withdrawals can take up to 48 hours
- Check by mail – Within 7-10 business days of withdrawal approval
- Debit card (Visa, Mastercard)* – Within 24 hours of withdrawal approval
- Online Banking – Within 3-5 business days of withdrawal approval
- PayPal – Within 24 hours of withdrawal approval
- Play+* – Within 24 hours of withdrawal approval
- Venmo* – Within 24 hours of withdrawal approval
Fanatics Sportsbook
Available Payout Methods
- Check by mail – Within 7-10 business days of withdrawal approval
- Debit Cards (Visa, Mastercard)* – Within 2-3 business days of withdrawal approval
- Online Banking – Within 3-5 business days of withdrawal approval
- PayPal – Within 2-3 business days of withdrawal approval
- Venmo* – Within 2-3 business days of withdrawal approval
Why Payout Speed Matters in Sports Betting
Payout speed is an important factor in sports betting for a multitude of reasons. One of the biggest reasons it matters is the ability to quickly make financial decisions that aren’t necessarily tied to gambling (accessing the funds rather than re-wagering them).
Another reason payout speed is a factor is the overall user experience, as it can impact player loyalty. This is why expedited withdrawals are commonly offered as a perk of sportsbook loyalty programs.
In general, sportsbooks that quickly process transactions are perceived more favorably than those with complicated or lengthy money management processes. If sportsbooks are proactive about smooth money management processes, they are also more likely to apply this same care to other aspects of their gambling products.
Factors Influencing Withdrawal Times
As you probably noticed above, there are many factors influencing withdrawal times at sportsbooks. These can change from method to method and operator to operator.
Here are a few of the most important factors influencing withdrawal times:
- Verification processes: When you request a withdrawal, sportsbooks will need to verify that you have the necessary funds for withdrawal, that you’re legally permitted to make the withdrawal, and that the bets you won were legitimate. Typically, the verification process is the longest for your first withdrawal, with things moving quicker on subsequent requests.
- Timing of withdrawal requests: If you’re requesting a withdrawal immediately after a major sporting event, such as the Super Bowl, March Madness, or the World Cup, you may experience a longer wait time due to the number of people also requesting withdrawals at the same time. Most sportsbooks process withdrawal requests around the clock, but the volume of requests can lead to delays.
- Sportsbook policies: Sportsbooks typically have a review period to approve withdrawals that can range anywhere from 15 minutes to 24 hours. This allows the bookie to prepare for the disbursement of funds and to update your user profile for tax purposes.
- Preferred withdrawal method: Finally, the method you choose can determine the speed at which you can access your winnings. Using a third-party service like PayPal, Venmo, or Apple Pay will generally take longer than a direct bank transfer for low- to medium-dollar withdrawals but will still be quicker than a check by mail; larger withdrawals may encounter limits and/or force you to use a different method.
Comparison of Withdrawal Methods
To help visualize the strengths and weaknesses of each option, we’ve put together this table for a comparison of withdrawal methods.
| Withdrawal Method: | Pros: | Cons: |
|---|
| Credit Card | - Generally one of the fastest methods
- Doesn’t use a third-party service, so personal and financial data aren’t as exposed
| - Some banks and card issuers will block sportsbook-related transactions
- Unavailable in several states
- Discover and AMEX have limited acceptance at sportsbooks
|
| Debit Card | - Generally one of the fastest methods
- Doesn’t use a third-party service, so personal and financial data aren’t as exposed
- More widely accepted than credit cards
| - Some banks and card issuers will block sportsbook-related transactions
- Discover and AMEX have limited acceptance at sportsbooks
|
| Online Banking | - Arguably the most secure method
- Relatively short withdrawal time
- Allows you to quickly move money between checking and savings after withdrawal processes
| - Generally not as fast as credit or debit cards
- Requires you to give the sportsbook your bank and routing numbers, which some users may find objectionable
|
| Third-party apps (Venmo, PayPal, Apple Pay, etc.) | - Helps protect your personal and financial information by putting an extra layer between bookie and bank
- Comparable withdrawal time to online banking
| - Other than PayPal, these are much more limited in acceptance rate
- May charge a fee to move money into or out of a bank account
|
| Wire transfers | - Incredibly secure way to move large amounts of money ($1,000+)
| - Banks may impose a wire transfer fee
- May have a longer withdrawal time than if you were to make several smaller withdrawals
|
| Cash Withdrawals | - Shortest approval time if you let the sportsbook/retail facility know you’re planning to make a withdrawal
| - Depending on the size of your withdrawal, you may feel uncomfortable or unsafe carrying that much cash
- Requires traveling to a gambling facility to get your funds
|
| Check by mail | - Could make your bookkeeping easier by having a physical record of your withdrawal as opposed to digital
| - Longest withdrawal time
- Could run into issues with the check getting “lost in the mail” if you don’t have tracking available
|
Tips for Ensuring Quick Withdrawals
We recommend keeping the following tips in mind to ensure quick withdrawals:
- Use the same deposit and withdrawal method: By using the same method whenever possible, you’ll cut down on the length of the review period needed to process your request. When this is unavailable (for example, only being able to use an American Express card for a deposit), we recommend consistently using a different but similar method (such as another card).
- Be consistent: Having several withdrawal methods can actually slow up the process rather than move it along. Whichever method you prefer, continue to use it for withdrawals unless it no longer suits your needs.
- Pay attention to timing: Some sportsbooks may not process withdrawals 24/7; when that’s the case, check the house rules and make your withdrawal request earlier in the day so it doesn’t get bumped to the following business day. Additionally, keep an eye on the sports calendar, as major events can cause a larger-than-normal number of withdrawal requests, slowing up the system.
Common Pitfalls That Delay Withdrawals
Make sure you’re aware of these common pitfalls that delay withdrawals from sports betting sites:
- Outdated/inaccurate information: If you’ve moved recently, changed banks, or canceled a credit/debit card, it’s important to update that information with the sportsbooks you’re using. Failing to do so may cause your withdrawal request to be denied or delayed.
- Ineligible method: It’s possible that the method you used to make a sportsbook deposit is geo-blocked as a withdrawal option in your state. Additionally, your financial institution may not accept incoming funds from gambling sites.
- State laws: Some states, such as Tennessee, require a card to be on a user’s account for at least 48 hours before they can use the card for withdrawals. Other states may not allow a certain method either, such as Massachusetts blocking credit card withdrawals.
Conclusion
Picking sports betting sites based on the timeliness of their payouts is a decent plan, though it shouldn’t be the only factor. We also encourage bettors to consider odds favorability, mobile platform performance, rewards/loyalty program availability, and volume of sports before choosing where to gamble.
While the timelines posted above are generally accurate, you may still experience delays that cause funds to be unavailable within that window. When that happens, contacting the sportsbook is appropriate, and a calm, patient demeanor is more likely to get you the results you want than a confrontational attitude.
Good luck, have fun, and always gamble responsibly!
FAQ
Which sportsbook offers the fastest withdrawals?
No sportsbook can claim to offer the fastest withdrawals as the rates change based on the withdrawal method chosen, the length of the review process, and several other factors. However, we have found bet365, BetMGM, Caesars, DraftKings, Fanatics, and FanDuel to consistently deliver prompt payouts.
Are there fees associated with fast payouts at online sportsbooks?
No, there typically are not fees associated with fast payouts at online sportsbooks. However, if you are using a third-party processor like PayPal, Skrill, or Venmo, you could encounter fees when moving your money to a checking or savings account.
Can I receive same-day payouts from all sportsbooks?
No, you cannot receive same-day payouts from all sportsbooks, though some will make it available depending on your withdrawal method. DraftKings and FanDuel in particular have quick withdrawal processes which can result in a same-day payout.
What documents are typically required for account verification before withdrawals?
Depending on the sportsbook you’re using, you may need to upload a copy of your driver’s license or other state-issued photo ID before you’ll be able to make a withdrawal. Additionally, you will need to input your social security number (possibly the full number, though often the last four digits will suffice), though you won’t need to upload a copy of your social security card.
