How to Withdraw From BetMGM

However, whether you are playing on the BetMGM online sportsbook or online casino, you may be wondering how to withdraw winnings from BetMGM. We have seen several bettors state they are concerned about BetMGM withdrawal restrictions or have experienced BetMGM withdrawal issues.

This page covers all of the critical information regarding the payment and withdrawal methods BetMGM offers. We will look at the BetMGM withdrawal limit, the overall withdrawal process, and how to withdraw funds from the BetMGM website.

BetMGM Withdrawal Options

Once you have made some wagers and generated some profits, you will be pleased to know withdrawing your funds is simple and safe. If you have redeemed any sportsbook bonus codes, make sure you have met any wagering requirements and understood the terms and conditions before requesting a withdrawal.

To transfer the winnings from your account, visit the cashier section, select a banking option, and then enter the amount you wish to withdraw. The site reviews every withdrawal request, and it could take up to five days for the request to be approved.

During those five days, you can reverse the withdrawal if you decide you would prefer to leave some funds in the account for the future. This can be dependent on how far into the withdrawal process you are, consult the “pending withdrawals” section in your account to see the current status and options available.

Each withdrawal option is safe and secure and should be available on all BetMGM sites, whether you are using BetMGM Arizona, New York, or the Maryland sports betting platform.

BetMGM Withdrawal Times

BetMGM offers one of the fastest withdrawals of any online gambling operator. Depending on your chosen method, withdrawals can be instant, or take up to 5 banking/working days. If you have made a deposit using PayPal, you can only withdraw by PayPal. Once you have made a withdrawal you can then keep track of its progress in the Cashier section, where the current status of the transaction will be shown.

Can it go any faster you may ask, and the answer is yes, in time. Once you have made multiple transactions using the same payment service, the payment details are green-flagged by the staff that processes withdrawals. For example, it may take 4 days for your first withdrawals to be processed and then hit your account, but a couple of months down the line they suddenly arrive in 3 days or less. There you go, you have become a valued regular customer.

4 Reasons Why Your BetMGM Funds May Take Longer to Arrive

#1 Wagering Requirements

When you accept any bonus there is usually a wagering requirement that you must clear before the bonus credits become real cash. These can be found in BetMGM’s bonus policy or terms and conditions for each bonus, and you must be aware of them. A rollover is an example of wagering requirements. This is when you receive a cash bonus or bonus bet worth an amount in cash, and you need to wager a certain amount before that bonus becomes legal tender. For example, a 2x rollover on a bonus of $10 means you need to bet $20 for that $10 to become cash.

#2 Processing Time

This was mentioned earlier, but it is important to revisit. BetMGM, like all other online casinos and sportsbooks, needs to process your withdrawal request, and it can take up to 5 days. Think of it like an internal review, in which BetMGM analyses the winnings and where you want to withdraw, before stamping it. If you use the same payment provider numerous times, then it makes BetMGM’s job easier as it recognizes your preferred payment service, and it can shorten the processing time.

#3 Different Payment Method

BetMGM reserves the right to automatically process any withdrawals using the same payment option chosen for the initial deposit. Using a different payment service gets a bit tricky, as BetMGM needs more time to verify that payment service. Like all other licensed casinos and sportsbooks, BetMGM has a strict AML (Anti Money Laundering) policy, so this verification is not only done for your safety but also to keep its integrity as a licensed operator.

#4 Multiple Withdrawals

Multiple withdrawal requests could have merged into one if any historical requests have not made it through the internal process review.

If the operator has an issue with any withdrawal request made, they will contact you by sending out an email, so it is vital that your contact details are up to date. If you have not had any emails from BetMGM get in touch with their customer service team.

BetMGM Withdrawal Reversed

Since BetMGM launched in your state you may have encountered some issues when it comes time to request a withdrawal. You may notice a message on your account saying that your ‘BetMGM withdrawal has been reversed’. This essentially means it has been cancelled and there could be a few reasons why that is the case. Your withdrawal could be reversed due to any one of the following reasons.

❌Wagering Requirements Not Cleared

You have requested a withdrawal before you have played for long enough on the site. Again, the wagering requirements must be cleared, and if you need more help on the matter, then feel free to reach out to customer support. That is what they are there for, and they would be happy to dispense some advice on the subject.

❌Not Withdrawing to a Valid Account

You have chosen a payment method to withdraw that is not in the name of the account holder. This is in breach with the AML terms stated above, and BetMGM can refuse to pay an account that is not in your name. BetMGM reserves the right to load any withdrawals back to the payment method(s) you have used to deposit, up to the value of your deposit, before any further withdrawal options are enabled.

We would also recommend frequently checking your emails to see if BetMGM has sent some communication out about why they may have reversed your withdrawal. If it is for any of the reasons listed above, it is likely you will have received an email. If you have no idea why your request has not been processed, contact the customer support team.

BetMGM Customer Service

If you encounter any issues regarding the banking options supported or any other questions related to your account on BetMGM, you can get in touch with the customer support team. They can also advise on why funds may not have been transferred to your bank account.

Customer service is available 24 hours a day, and you can contact BetMGM via email or telephone. Additionally, a comprehensive FAQ section on the site can provide quick answers to the most commonly asked questions. Questions such as how to withdraw from BetMGM or issues raised surrounding deposit and withdrawal methods are some of the most common points that the customer support staff encounter, so they will be able to resolve these issues quickly.