Online sports betting has taken off in the US as legalization has spread across the country. One of the biggest considerations for sports bettors is getting their money out of their accounts so they can start spending their winnings.
Sportsbooks have patchy records regarding how quickly they will pay out. Here’s what you need to know about payment processing times among sportsbooks.
Fastest payout US online sportsbooks
Are you looking for the fastest payment times for sportsbooks before you place your first sports wager?
Note that delayed payments are not always the fault of the sportsbook – the delay often occurs at the banks. Many banks continue to be reticent about the prospect of processing transactions from any business related to gambling.
You should also be aware that most online sportsbooks and casinos will not perform their age and identity verification procedures until you have created an account and attempted to make your first withdrawal. Expect to wait a number of business days before you can withdraw your winnings.
Payment processing speeds are important, and there is a vast gulf between the best online sportsbooks and everyone else.
How long does it take fast withdrawal betting sites to pay out?
With more than 30 states legalizing online sports betting since 2018, it should come as no surprise that there has been an increased demand for fast withdrawal times.
Fast withdrawal betting site payout speeds can range from a few business days to instant payouts, assuming there are no hitches.
The problem is that processing times depend on a multitude of factors. To start with, the payment method you choose will heavily influence your withdrawal times. You also need to remember that any problems with your bank or the casino itself will delay your withdrawal.
It’s always worth checking out customer reviews to ensure that you are playing with a reputable online sportsbook you can trust.
Common sportsbook payment options?
Your withdrawal method of choice will also determine how long you wait for your money to appear in your bank account. The majority of online sportsbooks will only allow you to withdraw using the same method you used to make your initial deposit.
Some sites have been known to limit withdrawal methods, so make sure you check what options are available from the cashier when creating your account.
The fastest sportsbook payment options include:
- PayPal
- Neteller
- Prepaid card
Other options such as wire transfers may be available, but these tend to take longer. The extended processing times on other withdrawal methods are not within the control of the casino, which is another reason why many sportsbooks only offer fast withdrawal options.
FanDuel withdrawal times
FanDuel is one of the biggest sites for betting on your favorite sports. As well as excelling with their gaming experience, their withdrawal times are also something to consider.
If you love to play with FanDuel from your specially designed gaming chair, you will enjoy one of the fastest withdrawal times among all sportsbooks. Players who value speed above all else should opt to withdraw with either PayPal or the FanDuel prepaid card. Using these methods, you can receive your money in as little as 24 hours.
You can also request a paper check, but expect it to take anywhere from five to seven days.
FOX Bet payment methods and speeds
FOX Bet is another online sportsbook that has achieved some recognition among avid sports bettors. It is one of the quickest online sportsbooks for withdrawals, with some payment methods processing your withdrawal request within 24 hours.
Make sure you use either PayPal or Neteller to gain access to the fastest payout times. Credit card withdrawals can take up to five business days.
SugarHouse payment processor speeds
SugarHouse is our final top pick for payment processing speeds. If you decide to use the prepaid card, SugarHouse will give you your money instantly. The same goes for Neteller withdrawals or visiting the physical casino’s cage.
Other payment options exist, with eChecks taking up to five business days and paper checks taking 14 days.
Conclusion
Online sportsbook payment processing times vary wildly, not only between sportsbooks but between payment methods. What is clear is that if you want immediate access to your money, PayPal and Neteller are the way to go. Alternatively, prepaid cards from some sportsbooks are just as fast, but not every sportsbook will offer prepaid cards.
It’s important to check the withdrawal times, processes and options before creating your account, so you’re not left disappointed later.
Which online sportsbook offers the best withdrawal arrangement for you?
