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Let’s talk about the best part of sports betting — payday! Few things compare to the thrill of stacking up wins and cashing out for cold hard cash (or crypto).
But the withdrawal process isn’t always straightforward. It can vary from one sportsbook to another. While most sites share more similarities than differences, there’s still no universal method that fits all.
No worries, though — we’ve put together this in-depth guide focused entirely on withdrawals. By the time you’re done reading, you’ll understand how most sportsbooks handle payouts and what to watch for so you don’t miss out on your winnings or, even worse, lose them altogether. That’s the worst-case scenario, but reading this guide from start to finish will help you avoid it. So, let’s get started!
What To Do BEFORE Withdrawing
There are a few important steps every bettor should take well before hitting that withdraw button. Skipping these could end up being a costly mistake — seriously. So start here first, not with the sportsbook’s banking options:
Verify Your Account & Identity
Almost every single betting site — from offshore ones to fully regulated platforms — forces the user to prove they are who they say they are. This is to be expected, right? For one, these platforms need to verify the user is even old enough to gamble on-site. Two, they don’t want users re-creating accounts to “game” their promotional bonuses for extra free play (most deals are supposed to be one-time offerings).
Some bookies will require identity verification from the get-go or else you can’t bet. Others, however, will let you gamble until you reach the betting bank and want to withdraw. This is when “rent becomes due” per se.
But hey, so long as you haven’t lied about your identity, you really have nothing to worry about when verifying the account. Typically, the bookmaker will ask for two forms of verification.
The most common document requested is a government-issued ID of some sort — think a driver’s license, travel passport, or health card. Scanning this document or taking a picture of it will usually be enough to verify. Do NOT send this via physical mail. That’s a huge no-no and probably a sign you’re getting scammed.
Usually, betting sites will ask for a document that verifies your address. A bank statement, utility bill, and tax bill are the most typical ways to prove your on-file address is accurate (and you’re legally allowed to bet from that state). Here again, a picture or copy of the doc will suffice for verification.
After you’ve submitted the documents, now you play the waiting game. We wish we could tell you this was an instantaneous process, but it’s usually not. It may take a full business day to verify the submitted docs or as many as three at some sites that are on the slower side. Obviously, this will delay your actual payout too. Something to remember if you’re using the gambling winnings to pay an urgent bill or anything like that.
Read The Terms & Conditions
Phew, this is a biggie. We’re always shocked to learn how many bettors never take a look at this to see what they’ve signed up for. In the terms and conditions, you’ll almost always have a section that explains the sportsbook and casino banking options. In particular, look for this information when it comes to withdrawals:
Fees
Unfortunately, withdrawing money usually isn’t free. Most sportsbooks charge a fee to process your transaction. The exact amount depends on the site you’re using and can be found in the terms and conditions. Keep in mind, the fee may also vary based on your chosen payout method — for example, a bank wire might cost more than receiving a physical check.
Withdrawal Limits
There are two limits set on withdrawal.
The first is the minimum withdrawal amount, which is often around $10. By setting a minimum withdrawal amount, the bookie is essentially saying you can’t withdraw any less than this amount.
There’s also the maximum withdrawal amount, which you won’t be able to exceed with a single withdrawal transaction. Bettors often get frustrated at this, arguing that they should be able to access every last cent of ‘their money’. However, you should keep in mind that this limit may be set by the payment processor (e.g. PayPal if that’s supported) rather than the bookies themselves.
Payout Times
Most sportsbooks will clearly state the estimated payout times for each withdrawal method. Just remember — these are estimates, not guaranteed timelines. Also, most processing times are based on business days (Monday through Friday), so weekends typically don’t count. Keep that in mind when you’re waiting for your payout to arrive.
Payout Options
Lastly, it’s important to know which banking options the sportsbook actually supports. For example, if you’re planning to deposit or withdraw with crypto, you should note that not every bookmaker offers that. You’ll find a breakdown of available methods in the site’s terms and conditions. On that note, let’s go over the most common payout options.
List Of Payout Options
Now this area is where bookies can really differ from one another other. Some sites offer a wide variety of cashout methods, others not so much. Heck, when you’re picking a sportsbook to bet at in the first place, you’ll probably want to factor in their payout banking options in your decision.
Here are payout options most likely to be offered:
Credit or Debit Card
This might be the most-used option by the majority of bettors. Part of that is due to convenience as almost every person owns at least one of these, which are linked to their bank. However, not any card carrier will work. Mastercard and VISA are usually supported most, but it’s harder to find sites that allow American Express or Chase. This really depends on the banks that allow online gambling.
Cryptocurrency
Crypto remains one of the fastest-growing withdrawal methods in 2025 as adoption continues to surge globally. The benefits are clear. First, it’s often the fastest option available — with some payouts processing in just minutes. Second, crypto transactions are pseudonymous and don’t involve any banks, meaning you can bypass the hassle of dealing with gambling-friendly financial institutions altogether.
While there are thousands of cryptocurrencies out there, most sportsbooks in 2025 support only the major ones — primarily Bitcoin, Ethereum, and Litecoin. However, stablecoins such as USDT and USDC are increasingly being adopted. This varies from sportsbook to sportsbook, so be sure to check the details on each site.
Check
Ah, yes, a physical check is still very much a thing. You can choose for one to be delivered straight to your doorstep with your cash winnings. The issue is this option is almost always the slowest. Depending on where exactly you live, you might have to wait for the mailman between 7 to 14 business days.
Bank Wire Transfer
One advantage of direct bank wire transfers is that they often come with higher withdrawal limits, which makes them a solid option for high rollers. However, this method isn’t without its drawbacks. Processing issues are fairly common and can vary depending on your specific bank — some are more accepting of gambling-related transactions than others. We’ve heard plenty of stories about funds being delayed or held up by cautious banks, so it’s something to keep in mind before choosing this option.
Payment Apps
PayPal, Skrill, and Neteller are all examples of payment-processing apps that can sometimes be used to withdraw funds. Typically, these process withdrawals within 1–2 business days.
Person to Person
The big players here are MoneyGram or Western Union. These person-to-person services allow you to send money between people — or even to yourself — and pick up the cash in person at their service centers. The big downside to these services is they usually tack on high fees that eat into bettor’s profit margins.
Best Sportsbooks For Withdrawing Money
Last thing before we let you go, what sites are the best for money withdrawals? Welp, we’ve reviewed the best sportsbooks in the industry and weighed banking options as part of the review process. After all that, the following five sites consistently stick out for all the good reasons:
Mind you, these are all offshore betting options. Due to offshoring, a lot of the legal “red tape” doesn’t apply to them. This makes betting easy and hassle-free rather than fumbling with whatever regulations the place you live in has enacted.
However, you could always use a regulated bookie too. Players in this arena include DraftKings and FanDuel. We often get asked, “what banks does FanDuel accept” or “how to withdraw money from DraftKings to bank account?” The answer is, it depends. They operate by different rules in different states which muddles the situation. That’s another reason we’re so big on offshore betting sites that are less convoluted.
Best Offshore Sportsbooks 