Fastest Sportsbook Withdrawals – Instant Payout Betting Sites

In the world of sports betting, much is made of choosing a sportsbook based on its welcome bonus and the depositing process when you first get started. There’s far less information out there about picking a site that makes withdrawals as simple of a process as possible.

It makes some sense that the focus would be on deposits since that is the action that all bettors must take before any money can be one. But let’s not forget that after all, the goal when you wager with legal online sportsbooks is to win money and eventually be able to withdraw funds into your bank account.

Even though nobody can win profits before initially creating an account, the withdrawal process needs to be taken into account before getting started so bettors can know what to expect when the time comes.

Here we’ll detail which banking methods to use for expediting withdrawals and provide a list of sportsbooks with the quickest payouts.

Sportsbook Withdrawal Process

Before we take things any further, it could be helpful to know just how withdrawals work. This is the fun part, as it signifies the bettor successfully winning money from the sportsbook and lining their pockets with that money.

The process is nearly universal across all betting sites so when the time comes to remove funds from your betting account, these will be the steps to take:

  • Locate the ‘Withdraw’ button in the Account section of the app or site
  • Choose your withdrawal method of choice
  • Enter the amount you wish to take out of your account
  • Verify information related to your bank account or eWallet account (PayPal)
  • Complete the withdrawal and your account balance will reflect the transaction
  • You will receive an email notification confirming the withdrawal

Which Sportsbook Has The Quickest Payouts?

You may be wondering: how long does it take a sportsbook to pay out? Well, that depends.

To answer the question as best we can, it can be instant in some cases, within 24 hours in others, or within a few days. Having the quickest sportsbook withdrawals is really based on the site offering the withdrawal methods that take the least amount of time.

Those methods would be via site-branded Play+ prepaid card or an eWallet such as PayPal. Getting your cash from a land-based casino cage (if available for that operator) is also an option, but that one is dependent on your location in relation to the casino.

Luckily for all who sign up for DraftKings, they have it all when it comes to withdrawal methods and that’s why this site is known as the sportsbook with the fastest payouts.

DraftKings Sportsbook

DraftKings is an industry leader in several spaces including online casinos, daily fantasy sports, and online sports betting. And no matter which accounts you want to withdraw from, the process is incredibly easy because of the huge range of options and the quick processing time for each of them.

Payment Method

Timeframe

Minimum Withdrawal

PayPal

3-5 business days*

$1

PlayPlus

2 to 4 business days*

$1

ACH

3-5 Business days*

$10

Online Banking

2-4 Business days*

$1

Check By Mail

7 to 14 days

$15

Cash At Casino Cage

Instant

$50

*Processing times include transfer from intermediary to personal bank account

DraftKings Fastest Withdrawals

A DraftKings Play+ prepaid card may be the quickest option, as funds are immediately available in your Play+ account. From there, bettors can choose to make purchases with the card (similar to debit) or take the money out of an ATM. There is also the option on transferring funds to your bank account, which can take up to 72 hours.

PayPal at online casinos is an extremely popular withdrawal option, and the same can be said for sportsbooks. It also turns out that using the pioneer of eWallet platforms is one of the fastest ways to receive your money.

Funds are transferred from your DraftKings account to your PayPal account in a span of 24 to 48 hours, with funds sometimes arriving in less than a day. You can then transfer to your bank account (1-3 days) or instantly transfer them for a 1% fee.

Since DraftKings is one of the biggest names in betting, it also has a land-based presence in several states including New Jersey, West Virginia, and Colorado, among others. If you are registered in a state where DraftKings operates a physical sportsbook, you can pick up your money instantly without any delays or fees.

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2021 Sportsbooks With Fastest Payouts

Aside from DraftKings, there are several other sites with the same withdrawal methods and thus, similar timeframes for bettors to gain access to funds taken out of their sportsbook accounts.

FanDuel Sportsbook

FanDuel is another triple-threat industry leader that is also involved in online casinos and daily fantasy. It allows bettors to fund and withdraw from the sportsbook with all of the fastest methods possible including PayPal and the usage of a Betfair/FanDuel Prepaid Play+ account.

Payment Method

Timeframe

Minimum Withdrawal

PayPal

24-48 Hours*

$1

PlayPlus

Instant*

$1

Online Banking

2-4 Business days

$1

Cash At Casino Cage

Instant

$50

*Processing times are how long it takes funds to reach intermediary account. Additional time may be required to transfer into your bank account. 

FanDuel Fastest Withdrawals

Bettors can load up their FanDuel prepaid card using debit or credit, then withdraw funds directly from the Play+ card via ATM or transfer them directly into their bank account. Transfers will take up to 72 hours to reach the bank account so an ATM withdrawal is the fastest way to get your cash, but it does come with a $2.00 fee.

For those without a Play+ card, PayPal is the best option. It takes 24 to 48 hours for funds to reach your PayPal account, then another 1-3 days (normally on the lower end) to reach your bank account. Using PayPal as an intermediary between your bank account and the betting site means you don’t have to divulge any private financial information to the sportsbook.

There are no fees involved unless you want the funds transferred from PayPal to your bank account instantly, which will mean paying a 1% fee.

FanDuel is another brand with plenty of retail sportsbook locations in a growing number of states including New Jersey, Pennsylvania, Michigan, Iowa, among others. In these states, withdrawals can be picked up at the casino sportsbook instantly and free of charge.

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BetMGM Sportsbook

BetMGM is growing its profile in this industry and handles these things the same way as its high-end competitors like FanDuel or DraftKings do. The popularity of this sportsbook tells the story of how customers feel about how it operates, and that includes the easy withdrawal process.

Payment Method

Timeframe

Minimum Withdrawal

PayPal

3 to 5 business days*

$20

PlayPlus

3 to 5 business days*

$20

ACH

3-5 Business days*

$20

Skrill

3 to 5 business days*

$20

Online Banking

2-4 Business days*

$10

Check By Mail

2-3 Weeks

$10

Cash At Casino Cage

12-48 Hours

$10

*Processing times are how long funds take to arrive in the player’s bank account.

BetMGM Fastest Withdrawals

As is the case with the other sportsbooks listed here, bettors have the option of going with a BetMGM Play+ withdrawal. Funds are delivered instantly to the card and from there, can be withdrawn from any ATM that accepts Pulse and NYCE (Discover) cards for a $2.00 fee. To avoid any charges, transfers can be made into a bank account within a 72-hour window.

PayPal is also a highly-recommended option, perhaps even more so depending on your preferences. These transactions normally take 24 to 48 hours but on many occasions, PayPal has your sportsbook withdrawal ready within a day of hitting the submit button.

Then, it is 1-3 more days to reach your bank account, or the money can be had within minutes for a small fee. Basically, it will cost 1% of your withdrawal from PayPal to get your money within 24 to 48 hours from the sportsbook to your personal checking account.

BetMGM has retail locations in two states with online betting: Michigan (MGM Grand Detroit) and New Jersey (Borgata). If you’re within range of these physical locations, your online withdrawals can be picked up at these sportsbooks.

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William Hill Sportsbook

William Hill is one of the most trusted brands in sports betting across multiple continents, so it makes perfect sense that bettors love using this site and find making financial transactions on it quite simple. On top of having its own branded Play+ card, William Hill has multiple eWallet options including PayPal and Skrill.

Payment Method

Timeframe

Minimum Withdrawal

PayPal

24-48 Hours*

$20

PlayPlus

Instant*

$20

ACH/eCheck

Instant*

$20

Online Banking

2-4 Business days

$20

Check By Mail

2-3 Weeks

$10

Cash At Casino Cage

Instant

None

*Proessing times may take longer for funds to reach personal bank account.

William Hill Fastest Withdrawals

William Hill takes choices to a new level, especially those who are interested in using an eWallet as a middle man between the sportsbook and their bank accounts.

PayPal is king in this area. Withdrawals usually take a day or less but the official time frame is 24 to 48 hours. From there, bettors can decide whether to wait another 1 to 3 days for the money to hit their bank account or pay the 1% fee to gain instant access.

If you’re looking for a different option, however, there is Skrill. This eWallet is not accepted everywhere but William Hill is on the cutting edge of deposit and withdrawal methods, so it is available here. Skrill works the same way PayPal does and on a similar time scale as well, although there are small fees attached so we’d recommend using it if you’re taking out large sums so the charge isn’t felt nearly as much.

As all the top-rated sportsbooks do, William Hill also has its own Play+ prepaid card, which can be used for deposits and withdrawals. Taking funds out means having instant access to the cash via ATM withdrawal, or the bettor can wait 1 to 3 days for funds to reach their bank account.

If you have a PayPal account but still want to use a Play+ card as your preferred method, you can actually use PayPal to fund the prepaid card and avoid sharing your banking information with the sportsbook.

For those located in the state of New Jersey, there are three retail sportsbook locations to choose from (two in Atlantic City, one in Monmouth). Withdrawals are instant and free if you are within range of the land-based casinos in which William Hill operates.

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FendOff Sports

FendOff is a self-described social sports prediction game that provides nearly everyone in the United States with a chance to win based on their knowledge. It allows you to make picks on a wide range of markets similar to the ones offered at online sportsbooks and with some luck, you can win a variety of prizes!

Since this is not technically a sportsbook, there aren’t any conventional withdrawal options but there are still ways to be rewarded. Rather than withdrawing in cash, players are awarded with gift cards to a seemingly unlimited number of outlets including Amazon, Walmart, Gamestop, and many others.

There are two forms of currency on the site: Sweeps Coins (SC) and Gold Coins (GC) . With a minimal deposit, you can receive loads of these currencies, with the former being the one to focus on. You can exchange 5,000 Sweeps Coins for a $50 gift card, which will be instantly emailed to you upon withdrawal!

The very best thing about FendOff is that you don’t need to be located in one of the legal sports betting states to take part. In fact, you can enjoy this site in 49 states (excluding Washington) and still be rewarded for your picks even if you can’t participate at a legal online sportsbook.

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Quickest Sportsbook Withdrawals – Best Sportsbook Banking Methods

Part of the reason why online sportsbooks are preferred to retail locations is that it allows for convenience and for a much wider variety of banking methods to be used. Whether depositing or withdrawing, the online platform makes the process of financial transactions easy without the hardship of driving to a casino, which is impossible for many bettors.

The reason why the above sportsbooks come with the quickest withdrawals is that they offer a wide range of options for removing funds from your account, allowing the bettor to choose their preferred method

There are several reliable options when it comes to selecting a banking method for your online casino instant withdrawal. Some are quicker than others but there are still multiple methods to learn about and choose from, including the following.

When it comes to withdrawing, there are various methods that are wholly reliable. We’ve already gone through some of the above, but all of them are still worth noting.

PayPal

We’ve established just how popular PayPal is for sports betting, as it’s one of the most widely used eWallets in the United States. Any site that uses it definitely falls into the ‘fast payout sportsbooks’ category.

Bettors can transfer funds from their sportsbook account into their PayPal account with ease, and it allows them to keep their financial information private, as it is only shared with PayPal and not the betting site.

Sportsbooks funds will reach your PayPal account within 24 to 48 hours, although most transactions complete within a day or so. Transferring funds into your bank account can be done free of charge and takes 1 to 3 days, although an instant transfer is possible for a 1% fee.

This means that the entire process from sportsbook account to bank account can be completed in a 24 hour period on many occasions at a cost of 1% of your PayPal withdrawal. Whether you aim to pull out as little as $1 or as much as $10,000 at a time, PayPal is a safe, secure, and expeditious way to receive your money.

Please note that at some online sportsbooks, you can only use PayPal as a withdrawal method if you also used it as a means of deposit.

Play Plus

As noted above, many of the biggest names in the industry offer a branded Play+ prepaid card that can be used for both deposits and withdrawals. The card works similarly to a debit card and the account can be loaded as soon as the registration is complete The physical card will arrive at the address on file within 10 to 14 days.

The great thing about a Play+ card is the fact that the money transfers instantly and can be withdrawn right away at an ATM, so long as it accepts Pulse and NYCE cards (both made by Discover). The fee for an ATM withdrawal for a Play+ card is generally $2.00 but it does give you the money instantly.

The other option is to transfer it into your bank account, which takes up to 72 hours although the funds tend to arrive earlier than that. There’s no debating that this is one of the quickest sportsbook withdrawal methods there is and if you’re willing to pay the ATM fee, it is indeed the fastest way to get your hands on cold hard cash.

Skrill

Skrill is another reliable eWallet platform that can handle deposits and withdrawals. The benefit of Skrill is similar to PayPal in that nobody needs to share their personal banking information with the sportsbook if they decide to use Skrill as an intermediary.

Withdrawals may take up to three days to reach your account but as is the case with other eWallets, transactions are sometimes completed within 24 hours. After that, you must allow for additional time for the funds to be transferred from Skrill to your bank account, which takes another 1 to 3 days.

Bettors who tend to go big also like this method because it offers very high limits on both deposits and withdrawals. But it is worth noting that Skrill does charge higher fees than other banking methods and players who use it to make deposits are locked into using it for withdrawals.

One other thing to keep in mind is that this method is relatively new and not accepted at all online sportsbooks.

Automated Clearing House (ACH)

Bettors also have the choice of selecting ACH as their withdrawal method, which is offered at all online betting sites and is similar to an online bank transfer. ACH is a free-of-charge, safe way to move funds from one account to another within the United States and transactions generally take 3 to 5 days to complete when it comes to sportsbook transactions.

Online Banking

Rather than using a middle man such as an eWallet or a clearing house, bettors have the choice of linking their checking account directly to their sportsbook account to make withdrawals. This does require sharing financial information with the betting site but these transactions are free and take less time, normally just 2 to 4 days.

Check By Mail

For those who prefer to do things the old fashioned way, you can request a check by mail for your withdrawal. Understandably, this is not the fastest method. In fact, it will take anywhere from 2 to 3 weeks for a check to arrive in the mail.

Cash at the Casino

If you need the money you are withdrawing in a hurry and you live close enough, you can just visit the affiliated land-based casino. Head over to the casino cashier’s cage and receive the requested cash instantly without any need for online banking. This is an easy enough method but not one that most bettors can really take advantage of.

Sportsbook Withdrawal Fees

No, there are no withdrawal fees when taking funds out of your online casino account. These extra charges come into play when making deposits, but not so much when it comes to withdrawals.

Whether or not you incur deposit fees as an online casino player is dependent upon the method used. ACH and cash withdrawals at the affiliated land-based casino are completely free, as is using PayPal or Skrill as an intermediary between your bank account and the casino.

If choosing to deposit directly via credit or debit card and have no PayPal account, however, these banking systems do levy a small fee.

Wagering Requirements

One thing that bettors need to keep in mind when signing up for online sportsbooks is that there are times when funds aren’t eligible for withdrawals. This is because of wagering requirements that come with accepting a bonus during the initial registration phase.

Wagering requirements tell bettors exactly how much money in bets need to be placed before their funds become eligible for withdrawal. The requirement applies to funds that are awarded as part of a welcome offer, such as a deposit match bonus.

When Can I Withdraw From My Sportsbook Account?

Simply put, you can withdraw from your account as soon as wagering requirements are met. The exact requirement varies from site to site, but let’s give an example of how it works.

Let’s say a sportsbook offers a 100 percent match for your initial investment into the site and it comes with a 5x wagering requirement. If you were to deposit $200, you’d receive an extra $200, giving you a grand total of $400 to work with.

Since the bonus amount was $200 and it comes with a 5x requirement, the bettor must place $1,000 in wagers before any winnings won from that bonus can be withdrawn. The bettor’s own funds that aren’t tied to the bonus can be taken out at any time.

It should be mentioned that sportsbooks choose to give out their bonuses in different ways. Some sites may require the bettor to use all of the bonus money first, while others will offer the choice of when to use bonus funds and when to use the bettor’s originally-deposited money. There are even times when the bonus isn’t given as a lump sum and it is awarded incrementally to the bettor and added to their balance.

These are all reasons to check the terms and conditions while also reaching out to customer support with any questions to ensure you have all angles covered before signing up for a sportsbook.

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