PayPal is the most popular and trusted online payment processor on the planet. It’s a fast, safe, recommended option for sportsbook deposits and withdrawals. Even if you don’t yet have a PayPal account, you only need an email address and bank account to create one.
Do you want to learn more about the top US sportsbooks accepting PayPal deposits and withdrawals? Or how you can safely link your PayPal account to these sports betting sites? Look no further.
Here, we break down everything you need to know about PayPal betting sites (sportsbooks that accept PayPal) to help you get started with our recommended payment method on the app of your choice.
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Top Sportsbooks That Accept PayPal in October 2024
BetMGM Sportsbook
At BetMGM Sportsbook, you get:
- Deposits and withdrawals with PayPal
- Competitive odds
- Accessible account history
- 8-bit sports video games with bonus prizes
Caesars Sportsbook
Here’s what to expect on the Caesars Sportsbook app:
- Deposits and withdrawals with PayPal
- Consistently above-average odds
- Caesars Rewards
- NFL live streams
FanDuel Sportsbook
Over at FanDuel, you’ll get access to:
- Deposits and withdrawals with PayPal
- Reliable software
- Competitive odds
- Live streams
BetRivers Sportsbook
BetRivers Sportsbook offers:
- Deposits and withdrawals with PayPal
- Excellent search functionality
- Competitive odds
- Sport live streams
bet365 Sportsbook
The bet365 Sportsbook app is known for:
- Deposits and withdrawals with PayPal
- Early payout promos
- Competitive odds
- Sports live streaming
DraftKings Sportsbook
PayPal is available at DraftKings as well. Here are some highlights:
- Deposits and withdrawals with PayPal
- Extensive live betting options
- Competitive odds
- Single-account access to other DraftKings verticals
Fanatics Sportsbook
Here’s what to expect at Fanatics Sportsbook:
- Deposits and withdrawals with PayPal
- FanCash with every bet
- Competitive odds
Getting Started With PayPal as Your Sportsbook Deposit Option
You must have a PayPal account to make deposits using this preferred method at the sports betting sites listed above. If you don’t already have a PayPal account, you can open one via the PayPal website.
Also remember, you must use PayPal to deposit if you wish to use PayPal to withdraw funds.
Here’s how to sign up with a sportsbook using PayPal as your payment method:
Claim Welcome Offer
The first thing you should do is take advantage of the sportsbook bonus offers listed above. You can claim welcome offers at multiple betting sites, so it’s a no-brainer to claim any available rewards. Click a ‘PLAY NOW’ button to get started with the offer automatically applied to your account. You can also enter the promo code when prompted during the sign-up process.
Create New Account
Next, you’ll need to register a new account with your sportsbook of choice. Fill in the identity-verifying information, such as your name, date of birth, and phone number.
You will also be asked to create a unique username and password.
Deposit Funds With PayPal
Next, you can visit the Cashier or Banking section of the sportsbook platform. This is usually found on your Account page. Once there, click ‘Deposit’ and select PayPal as your payment method. You’ll be asked for the email address associated with your PayPal account.
Download Sportsbook App
Finally, you can download the sportsbook app from the Google Play Store (Android) or App Store (iOS) and begin placing bets.
Pros and Cons of PayPal Payments at Legal Sportsbook Apps
Pros
Security: PayPal uses high-end encryption technology to protect your money and personal information. Plus, it employs the same security rules and regulations as US banks. Convenience: PayPal is accepted almost everywhere online, and you don't have to leave your chair to use it. Speed: PayPal is often the fastest method to withdraw funds from any US sports betting site. Most deposits and withdrawals are available almost instantly. Reliability: PayPal has been in the online payment processing game since the 1990s. You can trust the brand; errors are rare and fixed quickly.
Cons
Business/Commercial Account Restriction: You can’t use PayPal’s business/commercial accounts at US sports betting sites. However, you can open a new personal PayPal account to bet on sports. Credit Card Restriction: US sports betting sites do not allow PayPal deposits funded by credit cards. You'll have to link your PayPal account to your bank account instead. Withdrawals Require Deposits: You can use PayPal only to withdraw money if you previously used PayPal to deposit.
How To Deposit and Withdraw Funds With PayPal
Here are the general steps to deposit and withdraw funds using PayPal at any sportsbook app.
PayPal Deposits: Step-by-Step Guide
You must have a personal PayPal account linked to the same email address as your sportsbook account. Once you’ve got that, just follow these five steps to deposit.
Sign Up or Log In
Sign up or log into your sportsbook account using the same email address as your PayPal account.
Open The Cashier
Open the Cashier or banking section, click ‘Deposit,’ and choose PayPal as your deposit method.
Enter Account Details
Enter your PayPal account details, including your email address, to link your account.
Set the Transaction Amount
Enter the amount you’d like to deposit and confirm it.
Choose Account
You can deposit using an existing PayPal account balance or the bank account linked to your PayPal account. Your deposit should be available almost immediately.
PayPal Withdrawals: Step-by-Step Guide
To withdraw funds via PayPal at any sports betting site, you must ensure your sportsbook and PayPal accounts are linked to the same email address.
Also, remember that you can only use PayPal to withdraw if you have previously used PayPal to deposit at the same sportsbook.
If these conditions are met, follow the next steps to execute a PayPal withdrawal.
Log in to Sportsbook Account
Log in to your sportsbook account with your email address or username and password.
Visit Cashier
On your Account or My Account page, you will find a Cashier or Banking hub for deposits and withdrawals.
Click ‘Withdraw Funds’ to get started.
Enter Withdrawal Amount
Enter the amount you would like to cash out.
Select PayPal as Payment Method
Choose PayPal as your preferred withdrawal method.
Enter Account Details
Enter your PayPal account details, including your email address, as directed.
Click 'Submit'
After submitting the request, your funds should arrive in your PayPal account within a few minutes. Depending on processing and verification times at your chosen sportsbook, it can sometimes take up to 24 hours. Usually, PayPal is among the fastest sportsbook withdrawal methods.
What To Look for in a Betting Site That Accepts Paypal
When we rank and review sports betting sites, we use a specific set of criteria of utmost importance to the sports betting experience. We recommend you use similar criteria when choosing a sports betting site that accepts PayPal. Here’s what to look for.
- The PayPal Logo: Look for the PayPal logo on the sports betting site to ensure PayPal is accepted.
- PayPal Instructions/Help: Look under the sportsbook’s ‘Help’ tab to see if there’s anything specific you must do to use PayPal for deposits and withdrawals.
- Competitive Odds: Compare betting odds and lines to seek value. If you don’t find it at one sports betting site that accepts PayPal, you will find it at another.
- Ease of Use and Reliability: Test every aspect of the app’s software, including the PayPal functions in the Cashier, to ensure it’s easy to use and doesn’t experience crashes.
- Security: Protection is paramount with PayPal, so ensure the sportsbook prioritizes protecting your personal and financial information.
- Banking Options: We’re talking primarily about PayPal, but other safe and secure banking options should exist.
- Customer Support: Look for dedicated customer support teams that provide fast, helpful information on everything, including your PayPal deposits and withdrawals.
- Welcome Offers and Promotions: Look for big, easy-to-obtain bonuses and promos related to the sports you enjoy betting on.
PayPal Alternatives: More Sportsbook Payment Methods
Here are a few other popular payment methods accepted by sportsbooks.
- ACH/eCheck: This online clearing house creates a link to write eChecks from your checking account to your sportsbook account.
- Online Banking: Create a direct link between your bank account and your sportsbook account online.
- Debit/Credit Cards: If the issuing bank approves, you can use your debit or credit cards at sports betting sites.
- Venmo: This mobile payment service is a subsidiary of PayPal.
- Play+ Cards: This prepaid card service is almost as fast as PayPal, and you can load funds onto the card using your PayPal account.
States With Legal PayPal Betting Sites
PayPal is one of the safest and most reliable payment methods, and it’s universally accepted across US states with legal betting. Not all sportsbooks offer PayPal payments, though, so choose from the options listed above.
Below, we explain what to expect regarding PayPal payments across key states.
Florida
PayPal is available for deposits and withdrawals at Hard Rock Bet in Florida. The minimum deposit is $10. There are no other regulated FL sportsbook apps right now, as the Seminole Tribe, which owns Hard Rock Bet, has the exclusive rights to run online sports betting in the Sunshine State via its gaming compact.
Illinois
Most Illinois sportsbook apps accept PayPal. Deposits are instant, and PayPal is also one of the fastest withdrawal options at IL sportsbooks like BetRivers, Caesars Sportsbook, DraftKings, and FanDuel. However, some alternative methods offer higher limits, so PayPal may not be the best option for high rollers in the Prairie State.
Kentucky
Kentucky sportsbook apps launched in 2023. There are now eight online sportsbooks in the Prairie State, all supporting PayPal payments. You can use PayPal to make deposits before betting on football, basketball, baseball, and various other sports in the Bluegrass State, and it is also one of the fastest, most convenient withdrawal methods at your disposal.
Maryland
PayPal is a popular deposit method at MD sportsbook apps. There is no need to enter card or bank details to make the payment. The process is quick and smooth, and the funds will appear in your account immediately. PayPal withdrawals are quicker than most other methods at Maryland sportsbooks, too.
Massachusetts
Sportsbooks in Massachusetts are not allowed to accept credit card payments, so PayPal is an excellent alternative. You can use your PayPal wallet to make instant deposits and fast withdrawals at the top Massachusetts sportsbook apps, and you will not be charged any fees for doing so.
Michigan
PayPal deposits and withdrawals are available at most legal Michigan sportsbook apps. The minimum deposit is normally $10, but some sites in the Great Lakes State accept deposits of $5 or more via PayPal. PayPal and Play+ tend to be the fastest withdrawal methods at MI online sportsbooks, but PayPal is a more cost-effective option.
North Carolina
NC sportsbook apps such as FanDuel, Caesars, DraftKings, and BetMGM allow bettors to make PayPal deposits and offer PayPal as a fast, secure withdrawal option. The payment limits can vary, but they will be clearly highlighted on the cashier page of each app or website.
Pennsylvania
PayPal is a common payment method at Pennsylvania sportsbook apps. Some now accept Venmo, too, and some support Skrill payments, but PayPal remains the leading e-wallet for online sportsbooks in the Keystone State. You can use it for deposits and withdrawals at most PA sports betting apps.
PayPal Betting Sites FAQ
PayPal does not allow you to send or receive payments associated with gambling unless PayPal has approved the merchant. All the top US sports betting sites that accept PayPal are PayPal-approved merchants.
You must have a personal PayPal account to use this method to fund your sports betting account. Depending on the sportsbook, you can use alternative payment methods, including online banking, credit cards, Venmo, and Bitcoin.
You must deposit using your PayPal account before you’ll see it offered as a withdrawal option at most sports betting sites. If you use any other deposit method, you’ll have to use that method for withdrawals or initiate a new deposit using PayPal.
All the top sports betting sites, including BetMGM, Caesars, FanDuel, BetRivers, bet365, DraftKings, and Fanatics, accept PayPal for deposits and withdrawals.
The minimum PayPal deposit at most US sports betting sites is $10, but DraftKings will take a $5 PayPal deposit. PayPal allows withdrawals up to $60,000.
Sending and receiving funds with PayPal is free, and sports betting apps don’t charge deposit or withdrawal fees.
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