Sports Betting Payouts: Which Methods and Sites Are Quickest?

When deciding whether or not to give a particular sports betting site a try, one of the most important factors to consider is if you can trust the book with your deposits and payouts.

Not only is it imperative to be able to trust a sportsbook with the money that you deposit into your account, but it is equally necessary to be able to trust them with the money that you withdraw.

When it comes to sports betting payouts, there are some methods that do take longer than others. For example, if you prefer to receive your funds via check, you won’t have your money nearly as quickly as you would if you opted to receive your funds via PayPal.

For some, quick payouts are not a necessity. But for many sports bettors, the faster the withdrawal is processed and sent, the better.

With those bettors in mind, let’s take a look at the payout options offered at some of the top legal sports betting sites.

Sports Betting Payout Options

FanDuel Sportsbook

What payout options does FanDuel offer?

At FanDuel, you can receive your sports betting winnings through PayPal, Venmo, or FanDuel Prepaid Play+, on a debit card, using your online banking account, or via a paper check or in person.

According to their website, if you withdraw through online banking, onto a debit card, or through PayPal, Venmo, or FanDuel Prepaid Play+ (FanDuel’s prepaid card that can be used for both deposits and withdrawals), you can receive your funds within as little as one hour after your withdrawal request has been approved.

To withdraw via debit card, PayPal, Venmo, or FanDuel Prepaid Play+, you must have previously made a deposit through your method of choice.

Ideally, this information would be easy to find even if you are trying to learn about their deposit and withdrawal options before signing up. However, that isn’t the case.

BetMGM

What payout options does BetMGM offer?

BetMGM offers the same sports betting payout options that FanDuel does, and they also offer a VIP Preferred bank transfer option.

At BetMGM, the payout with the shortest listed wait time is in-person pickup. That can be done within 10-12 hours after your withdrawal request has been reviewed.

However, if you are unable to go to a location in person to pick up your payout, the quickest payout methods that BetMGM offers are Visa debit card, PayPal, Venmo, or their Prepaid Play+ card. Those options take no more than 24 hours after your withdrawal request has been reviewed.

There are restrictions on who can utilize certain methods, however. Bettors in Washington, D.C. and Maryland cannot withdraw via Visa debit. Also, Venmo withdrawals are available only to bettors in Maryland, Ohio, and Wyoming.

BetMGM’s payout information page is laid out very well and is easy to understand, which is very helpful. But as with FanDuel, you do have to do some looking around before you find it if you are a bettor that does not yet have a BetMGM account.

Caesars Sportsbook

What payout options does Caesars Sportsbook offer?

Caesars Sportsbook doesn’t offer Venmo payouts, but it does offer PayPal, in addition to its Prepaid Play+ card, bank transfers, online banking, and in-person payouts.

Notably, you don’t have to have any previous deposits with eCheck or online banking to request a payout using either of those methods. But if you wish to make a PayPal withdrawal, a previous deposit using PayPal is required.

At Caesars Sportsbook, withdrawal requests using their digital withdrawal methods should take no more than 72 hours. But they do note on their payout information page that receipt of funds may take two to five business days after approval of a withdrawal request.

Of the sports betting sites mentioned in this article, Caesars Sportsbook’s withdrawal information page might offer the most information. At the same time, however, the formatting is less than ideal.

BetRivers

What payout options does BetRivers offer?

According to their website, BetRivers offers several sports betting payout methods, including via online banking, the BetRivers Prepaid Play+ card, and via VIP Preferred bank transfer.

We did not see wait times listed on their payout information page, so contact support if you need that information before signing up at BetRivers.

What Method Is Best to Receive Your Sports Betting Payouts?

So, what does this information indicate about which sports betting payout methods you should consider if you want to receive your funds as quickly as possible?

One perk of legal sports betting is having the option to pick up your funds in person if you live close enough to a retail location, but not everyone wants to utilize that option.

PayPal and Venmo are both great digital options, but the Prepaid Play+ card offered at each of the above sportsbooks looks like a standout option.

It is a great way to keep your sports betting activities separate from your main banking/payment accounts. That can help with sticking to your monthly sports betting budget and being a responsible gambler. You can use a Prepaid Play+ card for both deposits and withdrawals, and ityou can use at ATMs worldwide.

Would you like to learn more about one of the sports betting banking options mentioned in this article? Check out our betting with PayPal guide.