Sportsbook Payout Options
Yes, you can accept a payout through a sportsbook without breaking any laws. There is one law that does influence the way a sportsbook can pay you though. This law is called the Unlawful Internet Gambling Enforcement Act (UIGEA), and its language states that a sportsbook cannot pay its members via a credit card. This does not so much affect members as it primarily affects the sportsbooks. If you are interested in learning more about the UIGEA, you can go to our sports betting laws page. The sportsbooks on this site offer other ways to pay members that are just as effective as using a credit card. You will be able to make withdrawals in a timely fashion and with zero hassle.
Obviously, if you have joined a sportsbook, you are going to want to know how to withdrawal your winnings. I will list the steps on how to request a payout, so that you can get an idea of what to expect when you decide to withdrawal funds from your account. The first step is to make sure you are logged into your account, and then click on the sportsbooks cashier page. Your second step is to select the payout option that works the best for you. To help you figure that out you should read all the information and instructions for each option. The third step is once you have picked out your withdrawal method and have read all the information, follow the instructions listed, sometimes this requires a customer service representative, but do not let that deter you. Once you have completed the instructions provided, your final step will be to submit your request, and wait for it to be processed.
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I will now list all of the withdrawal options available at the legal sportsbooks that welcome US players that are featured on this site. I would like for you to have the best understanding of what is available, how you can complete these transactions, and what each payout option entails. Each withdrawal method has its own separate set of instructions and terms. Please take a few minutes to go over these options, if you have any questions about these payout options you can always call the customer service line for the sportsbooks featured here and they will help and answer any question you may have.
Cash wire transfers are sometimes referred to as person-to-person or rapid transfers. This option usually involves retailers like Western Union and Money Gram. If you have selected this payout option you can request it through the cashier’s page, and they will give you a confirmation number that you will then take to your nearest retailer. Once you are there you just fill out a form give them the number provided by the cashier, and they will give you your cash. There are now options to complete this process completely online as well. For some sportsbooks, there are certain hours in which you can request this payout, so be sure to check with the cashier when this option is open, also make sure you read all the requirements before you make a request.
Cashier’s checks can be requested by going to the funding page of your sportsbook and selecting the “all other methods” from the drop down menu. Select the check icon and fill out the form provided. Once you have filled everything out click on the submit button, and you have finished this transaction. Cashier check payouts have an array of minimums that you can request, the smallest being just $20. The Maximum amount for a cashier check is $7500 at some of these sportsbooks. Depending on the amount, and how you have your payout delivered to you, fees can range from free once per month to $80 at the most.
Only some of these sportsbooks accept payouts through money orders, and to request this option you will need to contact the customer service department of your sports betting site. The minimum amount that you can request with this option is $1000 and the maximum amount is $9500. A flat fee of $80 comes with this option.
Debit Card Funds Applications are accounts set up through a bank that can issue a debit card for the account. No other cards except debit cards are accepted through this payout option. Funds are transferred to a players account through a debit transfer. You are not eligible for this payout option until you have received a withdrawal through one of the other payout options first. This payout is only available to members in Canada and the US. Minimums for this option are $100, and the max amount is $2400. A small fee between $15-40 is applied to this payout option.
Withdrawals for this option depend on the availability of this option at any given time. You will need to check the cashier’s page in order to find out if this option is open or closed. Your sportsbook account will need to be verified, and you will need to be a US player in order to be eligible. The minimum amount for this option varies depending on the card you wish to fill. They range between any- $500. Maximums range from any-$1000. Some of these cards can only be requested in $50 increments.
Bitcoin accounts will need to be verified before a transaction can occur, and this is usually done by the email address that a sportsbook has on file for a member. If you cannot verify your bitcoin account, then your request for payout will be canceled. This payout is also subject to availability and you will need to check if this option is open or closed before proceeding. Bitcoin minimums start $20 and the maximums $3500. Fees run at 2% of the total amount withdrawal.
Prepaid cards are ATM only cards. A courier, which can take up to 5 days to arrive, can deliver these cards or through the mail which will take about a month. The fee for the courier is $80 or free through standard post. You can include this card with your money order package for members, at no cost to you. From then on withdrawal requests will be deducted from your account, and accredited to your card in just a few minutes. This option has a fee of $25.
For bank wire transfers you will need to contact customer service and speak with an associate, they will give you the necessary instructions to finalize this transaction. You will need to provide the associate with all of your relevant banking information, so make sure that all of that is accessible before you contact customer service. The withdrawal minimum for this payout is $500 and the max is $24,900. Fees associated with this payout depend on the amount, but usually range between $45-75.
To receive a check by mail, courier or EXPRESS, you will need to select this option. You will be able to cash this check just as you would any other check. The payout minimum is $500 and the maximum is $2,500. Fees go as follows, check by mail is $25, by courier: $35, and by EXPRESS $50. The speed of this transaction also varies with checks by mail taking 30 days, courier 15 days, and EXPRESS 7 days.