Navigating your sportsbooks payout options can be challenging. Here are some helpful tips for calculating payouts, withdrawals and cash-out times.
We are happy to share the results of our research with you. Here, you will learn what to expect when withdrawing from a sportsbook using popular methods. By reading our advice, you'll know exactly what to expect when converting your hard-earned winnings into cold hard cash.
We Choose Top Rated Sportsbooks Only
We have acquired exhaustive and detailed data on withdrawal times that are based on our first-hand experience betting at the sportsbooks we review, as well as our research of each sportsbooks terms and conditions and financial records.
We guarantee the accuracy of our payout times, and they can be verified by contacting the sportsbooks' customer service departments.
Customer service staff members will provide you with any assistance you may require if you have a problem withdrawing money from your sportsbook account.
Consider Reputation When Selecting A Sportsbook
When selecting a sportsbook, consider the book’s reputation. A long history of solvency and a consistently high bar for customer service are both highly important factors.
Unlicensed sportsbooks do not operate under any regulatory framework so it's impossible for them to provide customers with reliable information about withdrawal timelines. Avoid their sweet deals, as usually, they carry a bitter taste as they’re likely to be lying.
Only licensed sportsbooks pride themselves on financial transparency and offer bettors financial security by setting expectations for them.
Protecting Your Bankroll When Accepting Sportsbook Deposits
To receive your first withdrawal, you'll need to provide additional documentation verifying your identity. This will not be a repeated request.
If you have any questions about the identity verification process, please refer to our guide for detailed information.
If you’re uncomfortable providing identification to access your winnings, remember that safeguards are in place to protect your bankroll from fraud. The sportsbook gains nothing by giving fraudulent entity access to your funds, but you could potentially lose everything.
Any sportsbook that does not ask for proof of identification is operating illegally.
Most Popular Sportsbook Withdrawal Options
eWallet
eWallets like PayPal offer the fastest withdrawals for use by most sports bettors. However, not every gambling site accepts eWallets, so make sure you find one that does before registering there.
PayPal withdrawals are processed within 24-48 hours of request; using PayPal to deposit has also become more common.
Couriered Check
Couriered checks are slower than bank wires because they depend on third-party mailing services. However, they remain a popular option for sportsbooks to offer to their customers.
Person-to-Person (P2P) or Money Order Transfers
Due to the long waits associated with payouts, fewer and fewer sportsbooks offer this withdrawal option, but it is still offered at some sportsbooks.
Bank Wires
Bank wires are not the quickest option available, but they remain a popular way to deposit funds in an American bettor’s account. The winnings land directly with the bank, making them available immediately.
Please allow one to two weeks for a withdrawal request to be processed via ACH transfer/or bank wire. If luck turns out to be on your side, you simply could only wait for 3 business days.
Get Fast Payouts During Down Seasons
It is possible that your withdrawals will be processed more quickly than the time frames above.
For example, since fewer people are likely to place bets on a regular-season NHL match let’s say between the Colombus Blue Jackets and Florida Panthers, the sportsbook will like to have fewer withdrawals to process during this event.
There's less pressure on your sportsbooks' financial department, which means payout times are more manageable.
Busy Seasons Will Delay Payouts, Don’t Panic
In the reverse of a down season, if you’re betting on the Super Bowl (or any of the other events with big betting tendencies), there’s a chance that your payout times will be extended.
In some cases, bets may be delayed if your sportsbook site receives more wagers than expected. This is not unusual given the increasing size of the betting market each year.
Don’t hesitate to contact your sports books’ customer service department if you have questions about your withdrawal. They’ll be happy to answer any questions you may have and give some clarity as to when you can expect to get your payout.
Other Betting Strategies
We have other interesting articles on sports betting to learn how to increase your winnings and choose the best betting options.
