Never sit around twiddling your thumbs, waiting for your winnings to arrive again. In this guide, we have tried and tested all the betting sites to see which has the fastest payout and compared all the different withdrawal options too, so we can see which ones paid out the fastest.
5 Best Sportsbooks for Quick Payouts
These are the fastest payout sportsbooks in the US. Not only do they process withdrawals within 24 hours, but they also offer a variety of banking methods and flexible limits.
Though we have to quickly stick in a side note here for any bettors who haven’t signed up to the following sportsbook. These are all licensed and fully legal US sportsbooks. As such, you will have to verify your identity, submitting the last 4 digits of your SSN, to be eligible to withdraw any winnings. You only need to do this once, and it is best upon sign up. And the ID verification only takes a few minutes to complete.
With a fully verified account, and hot winnings waiting to be cashed out, the following books give you the fastest payouts.
#1. DraftKings – Best online sportsbook for payouts
At DraftKings, you can cash out just $1. This sportsbook processes withdrawals in as little as a few hours. If you want your winnings ASAP, we recommend going to your local DraftKings retail sportsbook (within 1 hour) and withdrawing via PayPal (within 24 hours). DraftKings also processes Trustly, Apple Pay, and debit cards within 24 hours. Avoid checks, e-checks, and bank wires.
The DraftKings banking options are rife, and you can withdraw in a matter of moments on desktop or through the DraftKings mobile apps. For added security, you get three emails when requesting a withdrawal. The first asks you to confirm, the second informs you that the withdrawal was processed, and the final one confirms the withdrawal is complete, and when you can expect your funds to arrive.
On top of that, DraftKings Sportsbook has one of the highest max withdrawal limits, so high rollers can send their lump sum winnings through to their bank accounts with expedited service.
Pros:
- Straightforward withdrawal process
- Numerous payment gateways offered
- $1 minimum withdrawals and $5 minimum deposits
- High max withdrawal limits
Cons:
- Payment options may vary by state
#2. FanDuel – Easiest Withdrawal Process
FanDuel has a lightning-quick two-step withdrawal process. Even with rigorous testing, we never had issues cashing out from this sportsbook, every time, the process has been silky smooth. If you need your payout right away, withdraw via PayPal or Venmo. You should get your winnings within 4 hours and, at the latest, 12 hours. FanDuel is also fast at processing Play+ withdrawals. You shouldn’t have to wait longer than 24 hours.
The FanDuel Sportsbook, Casino and Racing app have joint withdrawal processing, so you can cash out any winnings you hold on all three platforms in the same transfer. The playable balance interface is very detailed, displaying Shared Deposits, Bonuses, Shared Winnings and FD Points.
Using the FanDuel banking cashier, we found that handling withdrawals and checking out how much you can withdraw at a time is very straightforward. The only caveat is that the max withdrawal limit is still below a lot of the other sportsbooks on our list. But for user friendliness, FanDuel is difficult to match.
Pros:
- Faster withdrawal processing times
- Advanced withdrawal trackers
- Shared withdrawals on Sportsbook, Racebook, and Casino
- User friendly and informative cashier
Cons:
- Cash at the Counter is only available in some states
- Lower max withdrawals
#3. Caesars Sportsbook – Most Payout Methods
Caesars Sportsbook gives you ultimate flexibility when it comes to withdrawing. They offer everything from Venmo and PayPal to Interac e-Transfer (Canada) and eCheck. Caesars also never charges fees and processes most payment methods within 24 hours, and in some cases, in only 1 hour. They work 24/7 and will process withdrawals even on the weekends.
PayPal and Play+ are the fastest payout methods at Caesars. We tested a withdrawal via PayPal and got cash in just over 90 minutes, a prime example of how Caesars rolls out the red carpet for users. Another winning feature of Caesars Sportsbooks is the loyalty program, Caesars Rewards. Outside sports betting, if you book stays or use any facilities at Caesars Resorts, then you can snap up Tier Credits, earning exclusive rewards and even sports betting bonuses to fuel your balance.
Pros:
- 24/7 withdrawal processing, and most requests are handled in under an hour
- Flexible array of payment options
- $1 minimum withdrawal limits
Cons:
- Some bank cards (Discover, AmEx) have limited state availability
#4. Fanatics – Best PayPal Sportsbook
PayPal withdrawals start at only $1 at Fanatics. You won’t be hit with any hidden fees either, so this is one of the best Fanatics banking options. Fanatics Sportsbook is also lightning-quick when it comes to processing PayPal withdrawals.
At worst, you’ll get your winnings within 24 hours, but based on our recent test withdrawals, the cash arrived in less than 6 hours. Fanatics is also one of the best minimum deposit sportsbooks as the deposit amount is only $5. Besides PayPal, you can also cash out your winnings via debit cards, Venmo, eChecks and debit cards.
For added security, you get multi-factor authentication for Fanatics Sportsbook app initiated withdrawals, and the fastest methods include PayPal, Venmo and debit cards. Though you should take note that your first withdrawal will need additional authorization. After you have used a payout method once, FBG will greenlight that method and future withdrawals should be handled faster.
Pros:
- High security, multi factor authentication mobile withdrawals
- Low, $1 minimum withdrawal limit
Cons:
- Limited withdrawal options
- No desktop site
#5. BetMGM – Best Play+ Sportsbook
BetMGM offers a solid selection of fast payment methods, from Visa and Mastercard to Venmo, PayPal, and our favorite, Play+. BetMGM processes Play+ withdrawals within 24 hours, in most cases, less than 4 hours. If you can’t cash out via Play+, we recommend PayPal, Venmo, or even popping over to your local BetMGM retail sportsbook and picking up the cash in person.
The one shortcoming in the service is BetMGM Sportsbook’s closed loop system, which is stricter than other books. You may have to split your withdrawals across different payment options – so that you match the original deposit amount for each banking method used. For instance, you deposit $50 via PayPal and $100 using Venmo. Say you win $400, you can’t withdraw all of it to your PayPal account. But $50 goes via PayPal, $100 via Venmo, and the remainder can be withdrawn to PayPal (or your preferred payment method)
But other than that, you have withdrawal tracking, straighforward mobile cashouts, and streamlined banking management tools at BetMGM. Furthermore, the BetMGM Sportsbook welcome bonus is one of the largest out there, and you can claim yours using the exclusive BetMGM promo code BTOOLS. It is not just withdrawals that are speedy here, registration is also one of the fastest at any sportsbook.
Pros:
- Variety of payment options offered
- Excellent interface for tracking withdrawals
- Speedy withdrawal processing times
Cons:
- Minimum $10 withdrawal limit
- Strict closed loop withdrawal system
How We Rank Sportsbooks’ Payout Speed
There are plenty of aspects to consider when choosing the fastest US book to process your payouts. Sure, the minutes or hours you wait are your primary concern, but we would delve a little further, looking behind the scenes of the withdrawal process, and point out the relevant conditions you should be aware of.
- Payment processing time – The fastest payout sportsbooks process withdrawals within 24 hours. If you cash out via PayPal or Play+, you can receive your winnings within a few hours.
- Fees – I avoid fast payout sportsbooks that charge withdrawal fees; fortunately, those sites are few and far between.
- Variety of payment methods – I look for quick withdrawal sports betting sites that accept all kinds of banking options like Visa, Mastercard, PayPal, Venmo, check, Play+, and bank transfer. The more payment methods, the more flexibility.
- Minimum and maximum payout limits – Ideally, you want to find a fast payout sportsbook with low minimum and high maximum withdrawal limits. At the top betting sites, you can withdraw anywhere from $1 to $10,000 in a single transaction.
- Withdrawal process – If a withdrawal process requires more than three steps and takes more than a few minutes, I’m not interested. Cashing out from a sportsbook should be as simple as entering the amount you wish to withdraw, typing in your payment details, and hitting the withdraw button.
- Bonus terms and conditions – We look for fast payout sportsbooks that have player-friendly bonus terms and conditions like low wagering requirements and low minimum odds. This way, you can quickly turn over your bonus and cash it out ASAP.
- Customer support – The best fast payout sportsbooks have 24/7 customer support. The agents will keep you updated on your pending withdrawals at all times, and if you have any issues, they will quickly resolve them, ensuring your payout arrives promptly.
Fastest Withdrawal Methods By Betting Site
The fastest withdrawal methods tend to be the same at any book – these are the most popular, and streamlined payment gateways that you can trust to send electronic money transfers quickly. Of course, depending on the sportsbook’s own processing time, the timeframes at each book vary.
| Fast Payout Sportsbook | Payout Time | Payment Methods | Minimum Withdrawal | Maximum Withdrawal |
|---|---|---|---|---|
| DraftKings | Within 24 hours | Debit card, PayPal, Venmo, cash, online bank transfer, bank wire, check | $1 | $100,000 |
| Caesars | Within 24 hours | Debit card, PayPal, Venmo, cash, online bank transfer, bank wire, check | $1 | $25,000 |
| FanDuel | Within 24 hours | Debit card, PayPal, Venmo, cash, online bank transfer, bank wire, check | $10 | $10,000 |
| BetMGM | Within 24 hours | VIP Preferred, Debit card, PayPal, Venmo, cash, online bank transfer, bank wire, check | $10 | $25,000 |
| Fanatics | Within 24 hours | Bank transfer, debit card, Venmo, PayPal, | $1 | $10,000 |
| bet365 | Within 24 hours | Visa, Mastercard, PayPal, Play+, Online Banking, ACH (eCheck), Cash at Cage | $5 | $200,000 |
| Borgata Sportsbook | Within 24 hours | Debit card, cash, e-wallets, bank wire, online bank transfer, check | $10 | $5,000 |
How to Receive Your Sportsbook Winnings Instantly
Follow these steps to withdraw instantly from a sportsbook:
- Sign in to your sportsbook account and click your account profile
- Tap Withdraw
- Choose your payment method
- Enter the amount you wish to cashout and your payment details
- Confirm the transaction
Withdrawing from a fast payout sportsbook is extremely straightforward. To ensure things go smoothly, here are a few little tips:
- Join the sportsbook’s VIP program – As a VIP player, you get preferential treatment, including faster payouts and a personal host who provides priority customer support.
- Withdraw via fast payout method – It doesn’t matter if you are betting $5,000,000 per month, a sportsbook can’t make a check in the mail arrive instantly. Stick to payout methods like PayPal, Venmo, and Play+.
- Contact customer support – If you’re withdrawing a large sum, give customer support a heads up so they are prepared, and it doesn’t set off any internal controls. Or if your payout is taking longer than expected, message support to find out what the issue is and ask them to speed it up.
What Could Go Wrong
If you’re having issues with cashing out from a sportsbook quickly, these are the likely culprits:
- Unverified account – Sportsbooks will not process withdrawals until they have confirmed your identity and proof of residence. If you’re withdrawing large sums, they may also require additional documentation.
- Using a VPN – If the sportsbook detects you’re using a VPN, your withdrawal will be automatically delayed and likely canceled. Don’t try to bet and cash out from a restricted state, as your winnings may be forfeited.
- Entering the wrong payment details – Before you confirm your withdrawal, triple-check that all payment details are correct; otherwise, you may face significant delays as your payout bounces and even have to pay fees.
- Withdrawing via payment method you didn’t use to deposit – This is called the closed loop system, and most sportsbooks use it. You can only use the payment option used to make deposits, unless that option does not have a withdrawal option.
- Incomplete wagering requirements – If you’re betting with a bonus, you’ll be ineligible to withdraw until you either forfeit the bonus or complete the stated wagering requirement.
What to do if you don’t receive your money
All online sports betting withdrawals should be simple. But, every now and then, an issue may crop up and you might not know what to do next. The best US sportsbooks will provide an excellent level of customer support that can aid you with any withdrawal issues. This support should include live chat and email features and 24/7 access via phone. We would also recommend checking the FAQ section for further advice.
Some sites set a time limit in which you can report a problem. These typically range from 45-90 days but always check the site you are using for the exact times.
If the issue is unresolved and you think the case warrants further investigation, you can lodge a complaint with the gaming board. If an online sportsbook fails to pay a customer their winnings, it can lose its gaming license.
Explaining Closed Loop Payment Systems
All sportsbooks use closed loop systems to an extent, and it is something that will undoubtedly influence the speed of your payouts. Basically, if you deposit using one banking method, then generally you have to use that same payment gateway to process your withdrawals. Unless, that is, the banking method doesn’t support withdrawals (credit cards or Apple Pay, for example).
You may be able to request alternative methods for your withdrawal, but that means contacting support, making a special request, and waiting for a response. In speed terms, the procedure becomes a lot more complex and time consuming. If you aren’t withdrawing your entire sports betting balance, you may be able to allocate a certain amount to another payment method, but only if part of the amount on your account was funded by that payment gateway.
The point is this: you have to be mindful of the withdrawal speed when picking your deposit method. Thinking ahead , you can deposit via PayPal, Venmo, Play+ or other speedy withdrawal banking methods. This saves you the time later, when you cash out those winnings.
Popular Sportsbook Withdrawal Methods
The fastest payout method at sportsbooks is technically cash at the cage, as you’ll receive your winnings instantly. However, you have to drive to a retail sportsbook.
If your closest retail sportsbook is too far away, we recommend withdrawing via PayPal. You’ll receive your payout within 30 minutes of the sportsbook processing your withdrawal. We’ve recorded PayPal payouts that have arrived in under 2 hours. To learn more about using PayPal when betting online, you can read our guide on betting sites that accept PayPal.
Venmo and Apple Pay are a couple of other great options. These e-wallets work very similarly to PayPal, and your sportsbook cashout will hit your account within 24 hours.
Play+ is a prepaid card designed to be used at online casinos and sportsbooks in the US. This payment method is just as fast as e-wallets. The money will hit your account within minutes of the sportsbook green-lighting your withdrawal.
You can also cash out via Visa and Mastercard at most fast-payout sportsbooks. They process debit card withdrawals within 24 hours, but it may take up to 3 days to receive the money.
Quick withdrawal sportsbooks allow you to withdraw directly to your bank account thanks to online bank transfers facilitated through Trustly. These transfers are much faster than wires but still take between 3 and 5 business days.
If you don’t care when your winnings will show up, then check in the mail is the withdrawal method for you. This old-school banking option will keep you waiting for anywhere from 7 to 10 business days.
Welcome Bonus Playthrough Requirements
Online sports betting sites offer customers bonus money or bonus bets following their initial deposit. However, unlike any money deposited from a credit card or a bank account, the bonus funds will not be immediately eligible to withdraw. You must clear the playthrough requirements, or fulfil the bonus policy conditions to unlock any cashable winnings.
On that subject, if you get a bonus bet, then you will only receive the returns it makes, and not the amount of the bonus stake itself. A $10 bonus bet that you place on a +200 odds bet will make $20 in profit. You can keep the $20, but the $10 stake returns. Conversely, if you made the bet with real money and won, you would get the $20 profit and the $10 stake back, making for a total return of $30.
Then, there are offes such as No Sweat Bets, in which you get a bonus bet if your qualifying wager loses. You cannot exchange this bonus bet for real money, and must use it to unlock any cash. Again, you would be looking to take the money the wager can make, and not win the bonus stake itself.
| Payment Method | Processing Time |
|---|---|
| Cash at cage | Instant |
| PayPal | Within 24 hours |
| Venmo | Within 24 hours |
| Play+ | Within 24 hours |
| Debit card | Within 72 hours |
| Online bank transfer | 3 to 5 business days |
| Check | 7 to 10 business days |
FAQs
