The point of making a bet at an online sportsbook is to win. If you have a balance in your mobile sportsbook account that is larger than you want it to be, or you need the funds for something else, it is time to make a withdrawal.
There are several ways to get paid your cash out by a legal online sportsbook. These are typically done electronically. However, there are a few ways to get paid in cash or by mail.
Online sportsbooks are legal in 21 states. Those are Arkansas, Arizona, Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.
Sportsbook players must be at least 21 years old in most jurisdictions. It is 18 in New Hampshire and Wyoming. Washington DC is 19. A player must be located in a legal jurisdiction where the sportsbook is licensed to have an online or mobile bet accepted.
Withdrawals are not processed until a deposit has cleared and the sportsbook has verified your identity. Make sure to send in requested documents to ensure faster payouts when requesting your first online sportsbook cash out from a site.
Online sportsbook withdrawal options
This section covers how to get paid for your online sportsbook winnings. Most options take a business day or two to process.
Play+ prepaid debit card
The fastest way to get paid by an online sportsbook is usually through the Play+ prepaid debit card. These payments are sometimes processed in just a few hours. Once the funds are in your Play+ account, it can be transferred to your bank or withdrawn from an ATM. A card is delivered to the player to use at ATMs upon request.
Bank transfer
There are two common ways to transfer funds into your bank account. One is by electronic check. The other is bank wire. Electronic checks are for smaller amounts. Bank wires are for large transfers. Banks accept electronic checks for free. A bank wire will have a fee related to it, likely in the $15 to $25 range. The online sportsbook will need your bank’s routing number and your account number to process either form of payment.
PayPal
PayPal is one of the oldest electronic wallets. It re-entered the online gaming industry once it was legalized in the United States. Cashout options from a PayPal account include cash at an ATM, electronic funds transfer, and transferring the funds to other account holders.
Skrill
Skrill, once known as Moneybookers, is a partner of Neteller. It has more than a decade of experience in the online gaming industry. Once the online sportsbook transfers funds to your Skrill account, it may be withdrawn by ATM card or bank transfer.
Cash at the casino
Some states like New Jersey and Michigan require cash transactions related to online gaming to be processed at a casino. For sportsbooks, you can pick up your funds at a casino cage or sportsbook counter when you choose this option. You will need a valid photo ID to collect your winnings in cash.
Check by mail
Some online sportsbooks cash out players the old-fashioned way. This involves printing a check and mailing it to your home. This usually takes about two weeks. Make sure that the address on your account is accurate before requesting a check by mail. If it is wrong, the sportsbook will charge a fee to reprint it.
Last Updated on August 1, 2023 by John Mehaffey