Here, we’ll get you up to speed on everything you need to know about online betting sites that accept PayPal, including the key pros and cons and need-to-read T&Cs. There’s also step-by-step guidance on making sportsbook deposits and withdrawals, so you can sidestep any common roadblocks and put this e-wallet to work alongside your sports betting strategy.
While more and more online sportsbooks will now take PayPal, there can be quite a lot of variation in terms of the quality of these betting platforms. So here are three examples of the kinds of things that you should be looking for in a PayPal sportsbook:
You can sign up to DraftKings from dozens of states, make a PayPal deposit from as little as $5 and have an entire world of sports bets at your fingertips. The maximum deposit limits might initially be a little low here, but you can always contact customer support and get them raised should you need.
Withdrawals can be made from DraftKings via PayPal from a minimum of $20 at a time. The sportsbooks will process your withdrawals every weekday and, while it might take up to three working days for processing, your withdrawals should be swiftly back in your account after that.
Don’t forget that your first deposit could cause you to trigger that welcome offer that will give you $150 in bonus bet tokens just for deposit and betting at least $5.
Multiple betting options. 20+ sports represented. Solid welcome bonus. T&Cs and 21+ apply
As one of the largest sportsbooks in the US, it should come as no surprise to find that FanDuel accepts PayPal for deposits and withdrawals. You can make your deposits here from a minimum of $10 at a time, and you should find that the funds show up in your account almost instantly.
Once again, there is a generous deposit bonus for new customers. Here you just have to make a deposit of at least $5 and then wager this amount. In return you will get $200 in bonus bets if your opening bet wins.
FanDuel also lets you make your withdrawals via PayPal. Just note that the minimum withdrawal amount can vary between $10 and $25 depending on where you are playing from. The best part is that your ewallet withdrawals should come through in less than 24 hours.
Wagering Needed (WR): New Users – Bet $5 Get $200 in Bet Reset Tokens for 5 Days. (Up to $1,000 Bet Reset Tokens). T&Cs and 21+ apply
This is yet another major online sportsbook who is more than happy to take your PayPal payments. You can sign up to Caesars in over a dozen states and then use the ewallet to make a deposit from a minimum of $10 at a time. From here, you can use those funds to enjoy some great betting odds on the NBA, NFL, MLB, NHL and much more.
It’s also nice to see that Caesars lets you make your withdrawals via PayPal. This can be done from a minimum of $10 at a time and you should find that your payouts will be back in your account in under three working days.
Don’t forget that your first deposit at Caesars can open up a great welcome offer. It’s a deal that will simply refund your first bet, if it loses, by 100% up to $1,000. Plus it’s worth noting that there is no minimum deposit amount for this deal, and your ewallet payments will qualify too.
Wagering Needed (WR): 1x Deposit. T&Cs and 21+ apply
So, why exactly should you use this payment method at your favorite online betting sites? And what advantages can you expect? Here are the key reasons:
While sportsbook deposits are usually instant no matter what online betting payment methods you use, the same can’t be said of withdrawals. Getting your winnings can take a matter of hours or up to a week or more depending on which you choose, so you’ll want to find the speediest option.
If speed is your top priority, be sure to check out our instant withdrawals sites page for operators known for the fastest cashouts.
PayPal has earned an excellent reputation for supporting fast sportsbook withdrawals, with cashouts rarely taking over 24 hours. Depending on where you live, you may receive your winnings even quicker than that, but in our experience, you shouldn’t be waiting more than a full banking day at the very least.
Although Visa betting sites do have their merits, one of the downsides of using a credit or debit card to make sportsbook-related transactions is the fact that you’re going to leave a paper trail on your statement. If your Visa card is hooked up to your main bank account, your betting history is going to be available for all to see.
On betting sites with PayPal, this is less of a concern. Since the e-wallet serves as a buffer between you and your chosen bookmaker, the full blow-by-blow of your betting history won’t be visible on your standard bank statement. This helps in a general security and privacy sense, too, as you’ll never need to pass full bank details to your betting provider.
Unlike some other betting site banking methods, PayPal has the benefit of familiarity. Chances are that most people will have used it to make an online transaction at some point, so using it for sportsbook deposits and withdrawals should be – in theory at least – just like riding a bike.
And even if you’ve never used PayPal, there’s no steep learning curve to get started. The reason this option remains so popular is because it’s easy and intuitive to use, so even the least tech-savvy web bettors should have no issue putting the service to work.
If you’re naturally wary about sending and receiving cash online PayPal might provide the comfort blanket you’re looking for. As one of the top financial services in the world, the company takes user safety and security extremely seriously, so you get peace of mind that every sportsbook deposit and withdrawal is in a safe pair of hands.
Along with basic stuff like SSL encryption and two-factor authentication, PayPal goes full belt and braces with a raft of anti-fraud measures that are unique to its platform.
For starters, there may not be many betting sites that take PayPal where you live, as it isn’t universally accepted by all online bookies.
The next potential dealbreaker is the fact that some bookmakers bar customers from using the e-wallet when claiming welcome bonuses and no-deposit sign up deals. We should stress that this isn’t the case for all sites, but if any payment methods are going to be incompatible with welcome bonuses, PayPal is often on the list.
The perks are hard to ignore, though if you are still on the fence, we’d recommend taking a look a look at Neteller betting sites too.
For those happy to give it a try, we’ve put together a couple of step-by-step guides on how to use this payment method for sportsbook deposits and withdrawals.
Here’s a step-by-step look at how to make your PayPal deposits:
1. If you don’t have a PayPal account yet, your first step will be to create one. This is surprisingly simple, though you will need to provide a few personal details to get started, including:
2. Once you’ve created an account (or if you already had one) the next step is to add funds or link PayPal to your preferred payment methods. You can link multiple accounts and bank cards or simply add cash as you go – the choice is yours.
3. With funds added or a payment method linked to your account, you’re ready to make your first betting deposit. Simply sign up at a new PayPal betting site to get started.
4. When you’ve created an account with a new bookmaker, tap the deposit button and select PayPal. A pop-up screen will usually appear allowing you to sign into your PayPal account to complete the transaction.
5. Simply choose an amount you’d like to deposit along with the payment method you wish to use (like a card or your existing PayPal balance), before following the steps to complete the transaction.
It’s easy to withdraw funds from your favorite bookies directly to your PayPal account. However, much like when using the Skrill betting sites, you will need to have made your initial deposit using PayPal for this to work; it’s not usually possible to chop and change between different deposit and withdrawal methods.
To make a withdrawal, simply:
| Step 1: Navigate to your sportsbook’s cashier page |
| This is where you can review your current bankroll and winnings, including any wagering requirements that may still need to be completed before withdrawable funds become available. Here, you should find a button allowing you to start the withdrawal process. |
| Step 2: Hit make a withdrawal and select PayPal |
| It’s always a great feeling when you have sportsbook funds ready to withdraw after a recent win. Simply select the amount you want to withdraw before choosing PayPal as your preferred withdrawal method. |
| Step 3: Finalize your withdrawal through the PayPal portal screen |
| Much like when making a deposit, a login screen should appear after selecting the service as your withdrawal destination of choice. Here, you’ll need to log in to your account and follow the steps to complete the cashout process. Depending on where you live – along with a few other factors – the funds should be available in your account within 24 hours. |
This is one of the safest, most secure mainstream payment methods available to casual online bettors, bringing the benefit of increased anonymity and privacy to the fore. And the fact that sportsbook withdrawals are so gosh-darn speedy via PayPal is also a huge bonus, with funds typically available within 24 hours – very nice.
Of course, things aren’t 100% perfect. This flagship e-wallet isn’t available on every bookmaker online, so you will need to search a little harder to find it. Remember, too, that you may not be able to make use of a brand’s welcome bonus if you decide to use PayPal.
If you’ve settled on PayPal as your preferred payment method, Deadspin has some top recommendations for you. As well as serving up the latest basketball news and sports features, we also rank and review the best online sportsbooks. So if you want a reliable place to bet on your favorite sports teams while using your favorite e-wallet service, be sure to give our site recommendations a try.
This depends solely on where you live and the regional restrictions surrounding online sports betting in your jurisdiction. Real money online sports betting is still illegal in the majority of US states, although a growing number of regions are beginning to relax the rules. Check with your state’s gambling and gaming authority for the current rules and restrictions in your area.
Yes. While some bookmakers don’t allow you to access welcome bonuses when making deposits through PayPal, this doesn’t apply to every betting brand. Plus, even on sites where you can’t access the welcome offer, other deals and promotions may be available.
Yes, you may incur fees for making sportsbook deposits and withdrawals via PayPal. These fees differ depending on a range of factors, including the amount you’re transferring, the payment method you’re using, and where you live. The good news is that PayPal should highlight any fees you’re likely to incur during the transaction.
If you choose to deposit funds via PayPal, the amount should be available to use instantly. If you want to make a withdrawal, things aren’t quite that speedy but are still faster than other payment methods out there, with winnings typically transferred within 24 hours.
In our experience, yes, this is one of the safest ways to transfer funds to and from an online bookmaker. With full encryption and two-factor authentication as standard, along with a host of anti-fraud tools, this payment method offers a safe way to manage all sportsbook-related transactions. We recommend downloading the PayPal app on your smartphone for the safest, fastest, and most convenient way to use the e-wallet for sports betting deposits and withdrawals. Alternatively, you can still check out Apple Pay betting sites, which also offers a secure and seamless payment option for bettors looking for a really dependable alternative.
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