Fastest Payout Betting Sites: Which Sportsbook Pays Out Quickest in 2024?

When choosing an online sportsbook, one of the key points to consider is which platforms stand out as the fastest payout betting sites.

Getting your money in a timely manner is a key feature when deciding which sportsbook(s) to use. How long each cashout takes can depend on your deposit and withdrawal methods. For instance, some payment options require an initial deposit before a payout can be requested.

In evaluating the best sports betting apps for payout speed, picking the right funding option will help you find the best site for your needs. Below, we break down the pros and cons of each payment method and take a look at which betting sites process payouts the quickest to offer the easiest access to your funds.

Top Fastest Payout Betting Sites for Withdrawals

Many of the top-rated sports betting apps are also among the fastest paying sportsbooks when it comes to accessing your winnings.

Rank
Sportsbooks
Bonus
Features
Play
1
UP TO $1,000
In Bonus Bets
First Bet Safety Net up to $1,000, or Bet $5, Get $150 in Bonus Bets
Sign Up, Deposit and Play Today in VA!
Gambling Problem? Call or TEXT 1-800-Gambler 21+
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2
up to $1,500
In Bonus Bets
Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win*
*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms
21+. Gambling Problem? Call 1-800-GAMBLER
Use Bonus Code: TODAY
3
$1,000 FIRST BET
On Caesars
Up to $1,000 Back as a Bonus Bet if Your Bet Loses
Stream NFL Games In-App for Free
21+ Gambling problem? Call 1-800-GAMBLER
Use Promo Code: TODAY1000
4
Bet $5
Get $150
If Your Bet Wins
Bet $5 Get $150 in Bonus Bets if Your Bet Wins
Available on Desktop, Android & iOS
To Claim: Click Play Now
5
Up to $100
Bonus Bet
Up to $100 Back if Your First Bet Doesn't Win
Get Your Bets Boosted
To Claim: Click Play Now
6
$500 Bonus
2nd Chance Bet
Up To $500 in Bet Credits
ONLY 1x Play Through!
Use Affiliate Code: TODAYRIV

Bettors can withdraw funds through a variety of options, though it’s always easiest to take money out the same way you put it in (i.e. through a PayPal account or an online bank). However, all withdrawals will have a pending period before it becomes approved.

Here is a shortlist of some of the best sportsbooks that offer the quickest payout times throughout the betting industry.

FanDuel

  • FanDuel Sportsbook offers some of the fastest payout options using a variety of deposit and withdrawal methods. FanDuel allows users to withdraw winnings at any time through online banking, debit card, PayPal, Venmo, and prepaid card. One perk is that you never have to pay any fees to deposit or withdraw your money at FanDuel.
  • Once approved, Online Banking, Debit Card, Venmo, PayPal, and FanDuel Prepaid Play+ withdrawals will process in as little as one hour, but can sometimes take up to five business days (depending on the bank). Cash at Counter withdrawals are typically processed within an hour, but larger withdrawals may take up to 48 hours.
  • Note: With FanDuel, you will not be able to withdraw using Debit Card, Venmo, PayPal, or Prepaid Card unless you have deposited using that method in the past. If you have deposited using multiple methods, then all the payment methods you have used for a deposit will be available as a withdrawal method for you

New Players get up to $150 in Bonus Bets at FanDuel Sportsbook
1
Bet $5
Get $150
If Your Bet Wins
Bet $5 Get $150 in Bonus Bets if Your Bet Wins
Available on Desktop, Android & iOS
To Claim: Click Play Now

BetMGM

  • BetMGM is another sportsbook that offers some the fastest payout methods, including Credit Cards, PayPal, etc. It is also one of the best NFL betting sites that we recommend.
  • All withdrawals with BetMGM have an internal review period of up to 3-5 days. Once approved, your funds will be credited according to your payment provider’s processing time.

Get up to $1,500 in Bonus Bets at BetMGM Sportsbook
1
up to $1,500
In Bonus Bets
Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win*
*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms
21+. Gambling Problem? Call 1-800-GAMBLER
Use Bonus Code: TODAY

Bet365

  • Part of the reason bet365 has grown into one of the more popular sportsbooks is due to the speed and ease of its payout times.
  • The key thing to know with bet365 is that withdrawals are processed the same method used to deposit funds, meaning if you used your credit or debit card to put money into your account, that is where any funds you withdraw will go. To withdraw funds from bet365, simply go to the app where it says “My Account”, pick the bank icon, select “withdraw” and fill out your details. Funds are usually processed within 24 hours. 
New Users Get up to $1,000 Bonus at Bet365
1
UP TO $1,000
In Bonus Bets
First Bet Safety Net up to $1,000, or Bet $5, Get $150 in Bonus Bets
Sign Up, Deposit and Play Today in VA!
Gambling Problem? Call or TEXT 1-800-Gambler 21+
To Claim: Click Play Now

BetRivers

  • BetRivers offers different banking methods depending on the state you’re located in. For example, BetRivers Illinois offers BetRivers Play+ Card, PayPal, and Online Banking/ACH while BetRivers Colorado offers BetRivers Play+ Card, Online Banking/ACH, and Check by Mail.
  • BetRivers withdrawals are typically processed within 24 hours, although they may take up to 72 hours to review and approve. Once a request has been approved, processing time varies by method. With the BetRivers Play+ Card, funds will be available immediately. Online Banking/ACH funds will take 2 to 5 business days to appear in your checking account.

Get Up to $500 Bonus at BetRivers Sportsbook!
1
$500 Bonus
2nd Chance Bet
Up To $500 in Bet Credits
ONLY 1x Play Through!
Use Affiliate Code: TODAYRIV

Caesars Sportsbook

  • Withdrawals at Caesars Sportsbook can be made using various digital withdrawal methods such as eCheck using VIP Preferred, with an Online Banking transaction, or transferred to your Caesars Sportsbook Prepaid Play+ Card. Requests are usually processed within 72 hours and once Caesars has approved the withdrawal request, payouts can take 2-5 additional business days for the funds to appear in your account.
  • Paypal and the Caesars Sportsbook Prepaid Play+ Card have the fastest turnaround time for crediting funds after they are processed by Caesars as both requests usually post to your account the same day they are processed.

Get up to $1,000 at Caesars Sportsbook
1
$1,000 FIRST BET
On Caesars
Up to $1,000 Back as a Bonus Bet if Your Bet Loses
Stream NFL Games In-App for Free
21+ Gambling problem? Call 1-800-GAMBLER
Use Promo Code: TODAY1000

DraftKings

  • DraftKings offers a variety of withdrawal options to accommodate each user’s needs, from bank transfers to E-Checks. Like most sportsbooks, how quickly you are able to access your funds depends on which method you choose (most options take 2-4 days).
  • There are minimum and maximum limitations for each withdrawal method with the lowest being as little as $1 for online banking and the maximum going up to $100,000. One of DraftKings’ fastest payout methods involves using a retail casino cage. The sportsbook usually has a partnership with an in-state casino, where you should be able to deposit and withdraw in cash at their cashiers.

Claim Your $2,550 Bonus at DraftKings Sportsbook
1
UP TO $2,550 BONUS
New User Bonus. T&Cs Apply
Get up to $1,500 No Sweat Bet
PLUS up to $1,000 Deposit Bonus 
PLUS $50 Bonus Bet on Deposit
PLUS Daily NBA Playoffs No Sweat SGP
Gambling Problem? Call 1-800-GAMBLER 

Sportsbook Payout Times & Withdrawal Methods

The best online sportsbook for payouts have withdrawal times that can vary depending on which method you choose. Most of the fastest payout betting sites will have your funds to you about 1-3 days after the request is processed. Some methods, though — like withdrawals via check — can take longer.

Here is a rundown of what to expect when deciding which sportsbooks will pay out fastest.

FanDuel Average Payout Times

🏦 FanDuel Sportsbook Withdrawal Method 🤑 Average Payout Time
Online Banking3-5 business days
PayPal/VenmoUp to 48 hours
Debit cardUp to 48 hours upon first withdrawal and 24 hours for all subsequent withdrawals
FanDuel Prepaid Play+Up to 24 hours
Cash at CounterTypically processed within an hour
Check7-10 business days

BetMGM Average Payout Times

🏦 BetMGM Withdrawal Method🤑 Average Payout Time
VisaWithin 24 hours
Mastercard1-3 business days
PayPal/VenmoWithin 24 hours
Online Banking2-4 business days
VIP Preferred2-4 business days
Play+ PrepaidCardWithin 24 hours
Cage - applicable in NJ, MI, MD, MS & OHWithin 10-12 hours
Check by Mail - applicable in NJ7-21 business days

Bet365 Average Payout Times

🏦 Bet365 Sportsbook Withdrawal Method 🤑 Average Payout Time
Online Banking1-5 Banking Days
PayPalWithin 24 Hours
Debit cardWithin 24 Hours
Credit Card1-5 Banking Days

BetRivers Average Payout Times

(Not all methods are available in each state)

🏦 BetRivers Withdrawal Method🤑 Average Payout Time
BetRivers Play+ Card Immediately
Online Banking/ACH2 to 5 business days
Check by MailWithin 10 to 14 business days.
Cash/CageImmediately

Caesars Average Payout Times

🏦 Caesars Sportsbook Withdrawal Method🤑 Average Payout Time
Online BankingUp to 5 Days
PayPal1-2 days
eCheck by VIP Preferred2-5 days
Caesars Sportsbook Prepaid Play+ CardTypically processed within 24 hours

DraftKings Average Payout Times

🏦 DraftKings Withdrawal Method🤑 Average Payout Time
Online BankingUp to 5 Days
PayPal/VenmoUp to 48 hours
Debit card1 Day
Cash/Cage1 Hour
Play+ Prepaid CardTypically processed within an hour
CheckUp to 4 Days
VIP Preferred (e-check)Up to 3 Days
Bank WireUp to 2 Days

Best Online Sportsbook For Payouts: Our Recommendation

FanDuel’s reputation as one of the top sportsbooks for bonuses is further enhanced by it also ranking as one of the fastest-paying sportsbooks. What makes FanDuel a standout from its competitors when it comes to being one of the best online sportsbooks for payouts is:

  • Payout speed: Fastest average payout time (around 2 days) and quickest at approving each withdrawal request.
  • Flexibility: A variety of accepted banking methods (Online banking, PayPal, Venmo, Debit card, Pay+, Check, Cash at Counter).
  • Support: Fast and reliable customer support team includes a 24/7 live chat feature.

Fastest Payout Horse Betting Sites

With the 2023 launch of the FanDuel Racing App, FanDuel became the first sportsbook to offer horse racing betting alongside regular sportsbook bets with a single account and wallet. Customers in more than 25 states can join FanDuel Racing and place wagers on hundreds of horse races. From the Kentucky Derby to the Cheltenham Festival, FanDuel Racing takes bets at American and worldwide tracks, making it our choice for the best horse betting app.

How long your FanDuel Racing withdrawal takes will depend on your deposit and withdrawal methods.

🐴 FanDuel Racing Withdrawal Method 🤑 Average Payout Time
eCheck Withdrawal3-5 business days
Visa Debit WithdrawalProcessed within 25 hours
Paypal Withdrawal 24 -30 hours
FanDuel Racing Prepaid Card WithdrawalWithin 25 hours
Check Withdrawal3-10 business days
Wire Transfer WithdrawalWithin 24 hours. Wire transfers requested after 1:30 pm PST are processed the next business day.

Get a No Sweat First Bet up to $500 at FanDuel Racing for Preakness Stakes
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Most Popular Sportsbook Deposit & Withdrawal Methods 

The fastest paying sportsbooks offer several different withdrawal methods to choose from. Each payout method varies in terms of how quickly it will process withdrawals and several have maximum/minimum amounts required as well.

ACH 

An ACH is an electronic fund transfer made between banks and credit unions across what is called the Automated Clearing House network. ACH is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments. 

  • Average processing time: 1-5 days
  • Limitations: An initial deposit using the same bank account is required to withdraw using this method.

PayPal/Venmo

PayPal is an online financial service that allows you to spend, send, and manage your transactions — all in one place. You just create a new account and link your credit card information to your PayPal digital wallet. At Gaming Today, we have a rundown of all the online sports betting sites that accept PayPal to show you why you  should consider using PayPal for your mobile wagering needs.

  • Average processing time: Less than 24 hours
  • Limitations: PayPal is not permitted in all jurisdictions. PayPal withdrawal amounts cannot exceed $60,000. Venmo withdrawal amounts cannot exceed $20,000.

Credit/Debit Card

Debit and credit cards can be among the most convenient deposit and withdrawal methods. Before depositing with a credit card, make sure the transaction won’t count as a cash advance, which comes with fees. Many online sportsbooks accept credit cards. For help choosing the best option, we have a rundown of the best sports betting sites that accept credit cards.

  • Average processing time: 3-5 days
  • Limitations: After completing an initial deposit, if none of your saved cards support withdrawals, you won’t be presented with the option on the withdrawal screen.

Play+ /Sportsbook Prepaid Card / Prepaid debit card

Prepaid cards for sports betting have become one of the easiest and safest ways to deposit money into your online betting accounts. Most of the fastest-paying sportsbooks offer their own prepaid cards that come with additional benefits.

  • Average processing time: Instant to same day
  • Limitations: Some Play+ cards charge monthly fees.

eCheck by VIP Preferred

VIP Preferred is one of the more convenient ways way to access your money and is available at more than 400 gaming establishments. By using VIP Preferred, you can withdraw funds straight to your bank account and it also allows you to cash checks electronically – a practice also known as e-checks – without having to have your physical checkbook.

  • Average processing time: 2-4 business days
  • Limitations: An initial deposit using the same bank account is required to withdraw using this method.

Cash at the Cage

Cash at the Cage allows you to obtain your funds in person from sportsbooks that have partnered with a brick-and-mortar location.

  • Average processing time: Within 10-12 hours
  • Limitations: To withdraw at a participating cage location, you must bring a valid government-issued photo ID.

How to Verify Your Identity For a Withdrawal

When requesting a withdrawal, you may be asked to verify your identity, as per state regulations. Such verification helps confirm your account information so that sportsbooks can prevent fraud, comply with regulations, and ensure online gaming remains an enjoyable and safe activity.

In some cases, state rules may require extra steps or different forms of identifying information. For matters of safety, the ability to deposit, wager, or withdraw funds may be disabled until the identity verification process is complete.

Depending on the product you’re using, you may need to provide the following information to verify your identity:

Proof of Identity: In the form of either a driver’s license, passport, or government-issued photo ID.

Identity Documents:

  • Passport (photo page only)
  • Passport Card (front and back)
  • Military ID (front and back)
  • Permanent US Resident Card

Proof of address: If the address on your ID is different from the one on your account, most sportsbooks will require additional proof of address. Acceptable documents include:

Address Documents:

  • Bank/Savings account statement (issued in the last 3 months)
  • Utility bill — i.e. water, gas, electric (issued in the last 3 months)
  • IRS tax notification (issued in the last 12 months)
  • Tenancy Agreement (issued in the last 12 months)
  • Mortgage or home loan statement(issued in the last 12 months)

Mobile sportsbooks allow you to upload identification documents online. Once uploaded, you’ll need to wait for the sportsbook to approve your documents before withdrawing any funds.

For a cash withdrawal at a sportsbook retail location, you will need to present a valid photo ID at one of the sportsbook windows.

What Prevents a Fast Payout from Sportsbooks?

If you have trouble withdrawing your funds, it’s likely due to an error with the method you are trying to use or incorrect information related to your identity. Some common mistakes that could hold up your withdrawal include:

  • Trying to withdraw a bonus or another type of promotional credit. Any bonuses you receive must be “played through”.
  • Your address or SSN# is incorrect
  • Incorrect bank information: Make sure your account number and routing numbers are listed correctly.

Are There Minimum or Maximum Limits on Sportsbook Withdrawals?

There can be limitations for each withdrawal method depending on which sportsbook you use. At DraftKings, most minimum withdrawals are $1 with maximum limits ranging from $25,000 for debit cards to $100,000 for online banking.

With BetMGM, the minimum withdrawal amount that you can withdraw via online banking is $ 10.00 USD and the maximum withdrawal amount is $ 25,000. With Caesars, there is a $1 minimum and a $25,000 maximum withdrawal limit per transaction.

How We Rank the Fastest Payout Betting Sites

Gaming Today ranks the fastest payout betting sites by examining the below set of predetermined factors that have been deemed important to bettors.

  1. Speed of withdrawal: We compare the top sportsbooks to help bettors determine which ones allow bettors to access their funds and winnings the fastest.
  2. Variety of methods: In evaluating the sportsbooks that offer the fastest payouts, we also look at which ones offer a variety of withdrawal options.
  3. Safe, secure, and trusted reputations: As with any financial transaction, the security of the platform in terms of both holding and accessing your funds is paramount. 
  4. Simple options with flexibility: Some sportsbooks have a withdrawal process that is easier to navigate than others, which impacts a new bettor’s chance of using it successfully and with ease.
  5. Customer support: When trying to access your funds, it is key for sportsbooks to have 24/7 email and telephone customer support to answer your questions.

Fastest Payout Betting Sites FAQ

What gambling sites have instant withdrawal? 

The quickest ways to get your funds are through PayPal and Play+, which many of the fastest-paying sportsbooks offer. PayPal is accepted at most of the major sportsbooks. FanDuel Prepaid Play+ will process in as little as one hour. Cash at Counter withdrawals are typically processed within an hour.

How long does it take to withdraw money from a sportsbook?

How fast a betting site pays out depends on which method of withdrawal you choose. Most methods process in 2-5 business days. Some withdrawal methods require an initial deposit before a withdrawal can be requested using that method.

What sports betting site has the fastest payout?

FanDuel, BetMGM, and DraftKings all receive top marks for having the fastest payout times. Each sportsbook offers PayPal and Play+, which are two of the easiest and quickest ways to withdraw your funds. 

Can I withdraw promos or bonus bets?

No, promotional bonus funds are not immediately available for withdrawal. While you keep any winnings, some of the bonuses come with a “playthrough requirement”, which requires users to wager the funds a specific number of times before a cashout is possible. These funds can only be used to place wagers on the product on which they were earned.

Do I have to pay any deposit or withdrawal fees on FanDuel?

You never have to pay any fees to deposit or withdraw your money with FanDuel.

What is the best withdrawal method for fastest payout? 

Play+ and PayPal usually payout the fastest. Once it is processed, you’ll receive your funds in your account within 24 hours.

Which sports betting sites use PayPal?

Most of the top sportsbooks, including BetMGM, Caesars, DraftKings, FanDuel and PointsBet all allow you to use PayPal to make a withdraw.

How long does FanDuel withdrawal take with PayPal?

You can withdraw your winnings any time PayPal/Venmo at FanDuel. PayPal/Venmo usually process within 48 hours.

What is the largest sportsbook payout ever?

Jim “Mattress Mack” McIngvale, owner of Houston-based Gallery Furniture, took home $75 million — widely reported to be the largest payout in the history of sports betting — when the Houston Astros won the franchise’s second World Series title with a 4-2 victory against the Philadelphia Phillies in 2022. Based in Texas, McIngvale made a series of bets amounting to $10 million on the Astros to win the World Series.

About the Author
Alicia Hughes

Alicia Hughes

Senior Writer
Alicia Hughes is a senior writer and award-winning horse racing journalist at Gaming Today. She previously served as a digital content editor for TVG and racing editor for The Blood-Horse following 12 years at the Lexington Herald-Leader. A graduate of Pace University in New York and a diehard New Jersey Devils fan, Hughes is a past president of the National Turf Writers and Broadcasters Association.

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