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It doesn’t matter if you are new to sports betting or an experienced pro, when choosing which sportsbook to wager with you want to find a reliable one that offers safe and secure payouts. We’d often come across online sportsbooks that look great on paper, offering generous welcome bonuses and superb odds, only to disappoint when it comes to processing your withdrawal request. Some may impose steep minimum withdrawal thresholds while others may drag their feet and take too long to pay out.
With that in mind, we have put together this guide for you in which we look at the best online sportsbooks offering simple and fast payouts. Whichever type of sports bettor you are, the ability to withdraw your winnings in a quick and painless manner is paramount.
As legal online sports betting continues to grow throughout the United States, people are on the lookout for the fastest payout sportsbooks. Besides fast payouts, an online sportsbook should offer a plethora of withdrawal methods through which to initiate payouts, in addition to the other usual metrics we look at such as the available bonuses, betting markets, odds, and everything else sports bettors take into consideration when choosing a betting site. Let’s jump straight into our selection of the fastest paying sportsbooks.
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Besides looking at the speed of sportsbook payouts, we took several other relevant metrics into consideration such as the availability of different withdrawal methods, the simplicity of the withdrawal process, and the minimum withdrawal amounts. Based on these criteria, which greatly overlap with those used in our process of finding fast-payout casinos, we came to this list of the best online sportsbooks for payouts:
- BetMGM Sportsbook
- DraftKings Sportsbook
- PointsBet Sportsbook
- Caesars Sportsbook
- BetRivers Sportsbook
The above list contains the fastest payout sportsbook options in the US. They are the best online sportsbooks when it comes to the ease and convenience of accessing your funds. A sportsbook payout should always be a smooth process. After conducting our tests, which included depositing, placing bets, and going through the entire withdrawal process, we can guarantee that these best online betting sites provide painless, instant payouts.
Most of the fastest payout sports betting sites also have a dedicated betting app that allows users to bet on the go. These apps will also offer instant withdrawal options and reliable payouts so you can access your funds straight away via your mobile device.
What is the Best Online Sportsbook Payout Method?
After researching and writing several sportsbook payout reviews, we have created a list of the fastest payout betting sites. According to the criteria we used to create this list, the above sportsbooks offer the quickest payout options so that you can your hands on your winnings faster than ever before.
Sports bettors should bear in mind that all withdrawals, except for when you collect your winnings in person from the sportsbook’s brick-and-mortar casino partner, will have a processing period during which your withdrawal will be approved.
If you want to receive instant payouts, visiting the sportsbook’s brick-and-mortar partner is the best option. The withdrawal options from a betting site range from direct deposit via online banking withdrawals to third-party payment options such as PayPal, Venmo, and other e-wallets.
While the speed of sportsbook payouts is what we’ve focused on here, this shouldn’t be the only aspect you look at when choosing a sports betting site.
First of all, most reputable online sportsbooks will offer a welcome bonus of some form. Check out our links to the sportsbooks to get hold of a free bet or deposit bonus. Second, besides offering instant payouts via your preferred payout method, the ideal online sportsbook should offer competitive betting odds, a wide variety of betting markets, and an overall enjoyable betting experience.
First things first, let’s take a look at sports betting quickest payouts. We have provided a breakdown of the withdrawal times from sportsbooks with the fastest payout times below:
Fast Payout Betting Sites Payment Processing Times
The below times are average payout speeds. As we’ve said previously, true instant withdrawals can be achieved only by collecting money in person from a casino cage. Otherwise, even the best online sportsbook will take a few days to process an online banking withdrawal request, with the exact processing times depending on the banking methods used. Usually, the withdrawal method that offers the fastest payouts is either an e-wallet. Fast payout sports betting sites like Skrill or PayPal, make it even easier to get your winnings back in a flash. On the other hand, bank wire transfers take the longest.
With all this information in mind, these are currently the fastest payout sportsbooks.
Best Online Sportsbook for Payouts by Processing Time:
- Unibet – 12 hours & Between 1 and 3 business days
- DraftKings Sportsbook – Instant & Between 1 and 5 days
- Caesars Sportsbook – Instant & Up to 7 business days
- BetRivers Sportsbook – Instant & Up to 7 business days
- BetMGM Sports – Instant & Up to 10 business days
Whichever sportsbook you choose will be licensed by the relevant authority. For example, if playing in New Jersey, all of the above are licensed by the New Jersey Division of Gaming Enforcement. This ensures the integrity and safety of all betting sites in Garden State. If you are worried that you have chosen a sportsbook that has your chosen fastest sportsbook payout option but you are unsure of the licensing, check out our best sports betting sites reviews where we check whether the venue in question is operating legally. However, you can rest assured that all sites on our fastest payout online sportsbooks list are fully licensed & regulated to operate in states where online sports betting is legal.
Considerations When Choosing Sites with the Best Sportsbook Payouts
Every sportsbook provides different payment options when it comes to withdrawing your money. When deciding which fast payout betting sites and sports betting sites to register with, remember that not all platforms were created equal; some gambling sites also offer attractive bonus bets and promotions, so look out for these before committing.
You can choose from any of the approved methods with your sportsbook. Each payment option has its advantages and disadvantages regarding speed and convenience. With our list above, you can be confident you have the best information available when it comes to searching for the fastest withdrawal method for you.
Our list was created after thoroughly testing several fast payouts sites, ensuring we provided the best and most trusted options.
How long does it take for Fast Paying Sportsbooks to Pay Out?
This depends on your payment method of choice. Getting hold of those winnings you’ve worked hard to accumulate could take anything from a few hours up to over a week. Not all USA sportsbooks will have the same withdrawal option that you are looking for. Some may have a Bitcoin payout while others won’t have any crypto methods at all.
Prepaid cards and e-wallets such as Skrill and PayPal typically offer the fastest payouts for those looking to cash out their winnings. Alternatively, if you live close to an affiliate casino branch, you could take a trip to the casino cage and get your cash immediately.
Common Sportsbook Payment Methods
Each sports betting site will offer a variety of payment options on its website. We have created a list of the most common deposit and withdrawal options typically offered by online sportsbooks. A fastest paying sportsbook will usually offer all of these online banking methods, but there might be slight differences or omissions of certain withdrawal and deposit methods among top rated sportsbooks. As we’ve said before, the payout speed often differs between these banking methods, with direct wires to your bank account taking the longest, while e-wallets usually boast the highest payout speed.
Below you will see listed the most common deposit options, with most sites requiring a minimum deposit of $10. Not all sportsbooks need a $10 deposit, there are some minimum deposit sportsbooks that you can wager from just $5.
- Credit/Debit Card
- Prepaid Card
- Bank Transfer/Wire Transfer
- Apple Pay
E-wallets such as PayPal and Skrill offer fast payout times, while you may be waiting a little longer if you opt for a bank transfer. However, all of the above options should be processed and completed within a few hours.
Typically there aren’t as many withdrawal options at sportsbooks as there are for deposits. Usually, if the method you have chosen to make a deposit is available for withdrawal, the sportsbook will automatically select that option for you. Unfortunately, same day payouts are pretty much impossible to get as most sportsbooks take several days to process payouts that are initiated online. There are several reasons for this wait time, including the need for sportsbooks to verify the identity of the person initiating the sportsbook withdrawals, checking the account for suspicious activity, and of course, the time required for the money to actually reach your e-wallet or bank account. An important piece of advice to remember is to try and use the same method for both sportsbook withdrawals and deposits, as this will greatly shorten the overall processing time and allow for quick payouts.
The most common types of payout options include:
- Cash at the cage
- Check by mail
- Prepaid Card (Play Card)
- Credit Card/Debit Card
- Bank/Wire Transfer
As there are quite a few withdrawal options, it can be challenging to choose the online betting site that is the most suitable for you. Always bear in mind that when online betting sites receive your withdrawal request, there will be a processing time.
Each processing time is different depending on which method you choose, so have a look at the standard times listed by the operator so you can get your winnings as quickly as possible. That is the reason why we have created this article to inform you of what the standard payment methods are and what the withdrawal process entails.
Benefits of Betting at Online Sportsbooks
Online gambling has taken off in the US, and one of the significant reasons for this is that betting online provides a great level of comfort. There is no need to visit a retail sportsbook or physical casino when you can bet via your mobile phone sat on the sofa.
Due to the boom of online gambling, the competition is fierce among operators. That is good news for punters as they need to attract new players by offering a generous sportsbook bonus. As a new customer, you are rewarded just for signing with free bets and deposit match bonuses.
Additionally, if you sign-up at one of the fastest online sports betting sportsbooks, you will have access to the best mobile betting apps available. Sports wagering is easier than ever, and you can wager on your work commute or even on a trip to the shops. This means you can view all of the latest betting odds, and take part in live betting remotely.
This mobility and flexibility are one of the biggest pros of betting online. There are even bitcoin sportsbook options available now for those who would like to play with Cryptocurrency. You can deposit, bet and withdraw anywhere you go making mobile betting convenient. Additionally, if you run into any problems, the best sportsbooks have excellent customer service departments that will resolve your issues in no time.
What happens if you don’t receive your payment quickly?
So, you have searched through our list of the fastest sportsbook payouts options, the withdrawal methods all meet your criteria, but when you come to withdraw money, you face some issues. This is where the sportsbook payout customer service team will come to the rescue!
When you create your online sportsbook account, before checking withdrawal speeds we recommend ensuring the customer support is up to scratch. All of the fastest payout online sportsbook sites on this page have excellent support, with live chat, email, and comprehensive FAQs all available.
Just like if you had issues with your bank account, any gambling site should be more than willing to help you overcome any problems. Whether the question is about common sportsbook payment options or how the bonus works, it is likely your issue will be solved within minutes.
Reasons your payout could be delayed
The best betting sites will always ensure any withdrawal requests are processed quickly and efficiently. Even at fast withdrawal betting sites, before a request can be cleared, an operator will go through a safety process. This is done to verify your identity, chosen banking method, and address. This is one an all legal sport betting sites and online casinos, such as BetMGM casino or FanDuel casino.
There could be numerous reasons why your withdrawal has been delayed, such as:
- You have chosen a different withdrawal method from your deposit method.
- You made a deposit using a payment option registered to somebody else.
- You have sent the wrong documentation to the site.
- You have attempted to move funds into somebody else’s account.
There are some cynical suggestions on the industry that some sportsbooks will try slightly delay giving money out in the hopes that players will change their minds and cancel the withdrawal and use the funds to keep betting instead. This just further emphasizes the idea that you should try and choose an online bookmaker with quick payout times, and it removes the temptation to keep betting.
If a scenario arises where you feel a sportsbook is unfairly keeping holding back your money, you should get in contact with the customer support team and can take it further.
Online Sportsbooks With Fast Payouts FAQs
Why are payout times slow at some sportsbooks?
All online sportsbooks review every withdrawal before approving or rejecting them. Consequently, this adds time to the process. Some sportsbooks are better than others, keep an eye out for the ones that always pay out quickly and efficiently.
What is the average wait time for withdrawals?
Players usually wait between 1-2 business days to get their winnings. If this stretches beyond two days you should contact customer service. The best online betting sites will provide a wide range of quick and efficient banking methods, which include instant payouts.
Do you get charged for requesting a payout?
There could be some hidden fees attached to your payouts. A common one to be aware of is international charges when using a wire transfer or a bank card.