The Fastest Payout Sportsbooks in 2024: Guide to Fastest Withdrawals

The Fastest Payout Sportsbooks in 2024: Guide to Fastest Withdrawals
Fact Checked by Peter Mooney

One of the most satisfying aspects of betting is cashing out your winnings. But in the past, payout speed was one of the biggest issues facing online sports bettors. Thankfully that has all changed and fast payout sportsbooks have fine-tuned their payment options so that you can get your winnings fast. 

Fast Withdrawal Betting Sites Overview

⭐ Bet365 SportsbookLess than 24 hours
⭐ BetMGM Sportsbook1-2 days
⭐ FanDuel SportsbookLess than 24 hours
⭐ DraftKings Sportsbook1-3 days

Why Fast Withdrawals Matter at Betting Sites

Aside from the obvious feel-good factor, fast withdrawals are actually a pretty important sportsbook feature for several reasons:

  • Immediate access to winnings
  • Better bankroll management
  • Gain trust in the sportsbook

Withdrawal Methods at Online Betting Sites

It’s always good to have a reliable plan B so you can get your money relatively quickly. Thankfully, bookmakers withdrawal methods have improved massively in the past few years and we now have plenty of options to choose from. Here are the most popular. 

Prepaid Card

Make withdrawals to your Prepaid card such as Play+. All you need to do is select Prepaid as your withdrawal method and you’re good to go. This is one major advantage prepaid cards have over credit cards. 

Cash at the Cage

Cash at the cage allows you to make a deposit at a sportsbook’s partnering casino cashier desk. You can also make a deposit at the retail sportsbook if there is one located in the casino. 

e-Check/VIP Preferred

This is the one payment method that fast withdrawal betting sites like BetMGM recommend as it’s one of the quickest payout options. All you need are your routing number and bank account number. Deposits are instant and withdrawals take around 24-48 hours. 

Must be 21+ to participate. Connecticut Customers: If you or someone you know has a gambling problem and wants help, call (888) 789-7777 or visit Helpline and Chat - CONNECTICUT COUNCIL . Colorado/Kentucky/Ohio/Pennsylvania/Tennessee/Vermont/West Virginia Customers: Gambling Problem? Call or Text 1-800-GAMBLER. Iowa Customers: Gambling Problem? Call 1-800-BETS-OFF. Maryland Customers: Please play responsibly, for help visit mdgamblinghelp.org or call 1-800-GAMBLER. Massachusetts Customers: Hope is here: (800)-327-5050 or gamblinghelplinema.org. Play it Smart from the Start. http://GameSenseMA.com. Virginia Customers: If you or someone you know has a gambling problem and wants help, call 1-888-532-3500

Criteria for Evaluating Fast Payout Sportsbooks

Just because a site might be the fastest payout sportsbook doesn’t mean that it’s the right one for you. Here are a few other aspects of a sportsbook that you need to look at besides withdrawal speeds.

✅ License and Security

The best online sportsbook for payouts will be a licensed and regulated one. That means that it has to meet some very strict requirements when it comes to account security and protecting you and your money. Gambling sites usually display their licensing details at the bottom of the homepage. 

✅ Welcome Bonuses and Promotions

There’s nothing quite like a nice welcome bonus to get you rolling, but it’s also worth checking out the ongoing promotions at a sportsbook. Are there any cashback deals or reload bonuses? And what about boosted odds? Most online sportsbooks will have at least a few of these promotions running regularly. 

✅ Odds and Betting Markets

There’s not much point in opening a sportsbook account if it offers fast payouts but has very few markets to choose from. Check out the range of markets available and how competitive the odds are. You’ll also want to have a good spread of both US major leagues and international leagues to bet on. 

✅ Payment Methods

You should always have a backup plan for either funding your account or cashing out. This way you’ll never miss out on placing a bet just because your card has expired or your banking app has crashed. Make sure there are at least 2-3 available banking methods with fast payouts. 

✅ Customer Support

Ideally, you’ll never need to contact customer service, but if something goes wrong when you make a withdrawal, you want to be able to get through as quickly as possible. A helpline you can call or 24-hour live chat support is an absolute must. 

✅ Mobile Experience

If you want to access the cash in your sportsbook account in a hurry, then the chances are you’ll use your smartphone. Any sportsbook you choose should have a seamless mobile experience and instant access to quick payouts. 

Fastest payout betting sites

Below we’ve listed the best fast payout betting sites, each with a solid reputation for customer service. 

  • Famous for its massive range of NFL betting markets, Fanduel is also quite possibly the easiest betting site to withdraw money from. Debit cards are the best option here as withdrawal requests take less than 24 hours to process.

Banking Options:

  • Debit Cards
  • PayPal/Venmo
  • Online Banking
  • FanDuel Prepaid Play
  • Cash at Counter
  • Check
Must be 21+ and present in VA. T&Cs apply.
  • DraftKings has high-value promos and specials that can sometimes tie in nicely with the excellent live betting feature. As for withdrawal options, there are plenty to choose from and they all take around 1-3 days. Play+ was the fastest during our tests with payouts in just over 24 hours.

Banking Options:

  • Play+
  • Online banking 
  • PayPal 
  • eCheck
  • Bank Transfer 
  • Cash at Casino Cage
  • Check
Must be 21+ to participate. T&Cs apply.
  • Known for its massive range of betting markets, Bet365 has a super simple interface that might seem a little dated but actually handles everything very well. Of all the withdrawal options tested, Skrill is no doubt the best with payouts arriving in far less than 24 hours.

Banking Options:

  • Online Banking
  • Debit Cards
  • Bank transfer
  • PayPal
  • Skrill
  • Cash at Casino Cage
Place your first cash bet up to $1,000, and if the bet loses, you will have your wager refunded in Bonus Bets. T&Cs, time limits and exclusions apply. Must be 21+. Gambling problem? Call 1-800-GAMBLER
  • BetMGM may be known as the King of Sportsbooks, but it’s the boosted odds that it’s really famous for. These are offered daily on a massive range of markets. This is one of the only instant withdrawal betting sites on our list, but not quite as instant as you think. Instant banking withdrawals take about 1-2 days.

Banking Options:

  • Online Banking
  • PayPal
  • Skrill
  • VIP Preferred 
  • Cash at Casino Cage
  • Check
Visit BetMGM.com for T&Cs. Must be 21+. VA only. New Customer Offer. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable bonus bets. Bonus bets expire in 7 days from issuance. Please Gamble Responsibly. Gambling Problem? Call 1-800-GAMBLER

⏰ How Bonus Bets Impact Withdrawal Times

Whether it’s a welcome bonus, deposit match or bonus prop bets, the wagering requirements attached to your bonus funds can affect your withdrawal times. Sure, you can easily withdraw your initial deposit amount at any time, but any bonus credit may need to meet playthrough requirements before you can withdraw it. As boring as it can be, that's why you want to be sure to read the Terms & Conditions when you sign up. 

Best Online Sportsbooks for Instant Deposits

Instant deposits are important when it comes to sports betting because the odds for events can change in a heartbeat. That’s why you need to know that you can get your cash into your betting account in a matter of minutes, not hours. 

Luckily for you, practically all licensed online sportsbooks in the US offer instant options through debit and credit cards, Apple or Google Pay. 

Instant Deposit Sportsbooks

🗱 bet365

🗱 BetMGM

🗱 Caesars

🗱 DraftKings

🗱 FanDuel 

Insider Tips for Faster Withdrawals

👍 Make sure your payment information is always correct and up-to-date. 

👍 Using the same method for withdrawals as you did for your initial deposit speeds up the internal processing time at fast-payout betting sites. In fact, some sportsbooks require it.

👍 Check any restrictions such as withdrawal frequency limits. If there are limits, then you’ll need to plan your withdrawals accordingly. 

👍 Make withdrawals during business hours so that any internal processing can be done as soon as possible. 

🆔 Always Verify Your Identity

Another way to ensure that you get fast withdrawals at a betting site is to verify your identity as soon as possible. You may be allowed to skip this during the registration process, but it’s best not to. Provide your ID and social security number and that way your first withdrawal will run like clockwork. 

Challenges When Withdrawing from Online Sportsbooks

You might hit the odd bump on the road when you try to withdraw money, but if you know what they are you can try to avoid them. Here are the most common. 

  • Withdrawal limits set by online sportsbooks
  • Online banking limits on your personal bank account
  • Regional banking restrictions related to gambling payments

Withdrawal Delays

Peak times for sporting events such as Super Bowl weekend or March Madness can sometimes result in delays. This is simply because the internal withdrawal process at a sports betting site is slowed down by so many people making withdrawals.

Time To Choose

Before you choose the best online sportsbook for payouts, you have to be sure that it covers all the bases. Does it have solid payment options and a reputation for fast payouts? Does it have great promos and bonuses? Are there any hidden fees? 

Just remember that more than one sportsbook could check all those boxes and having accounts at multiple online sportsbooks is a good thing. So don’t limit yourself. Open accounts at any of the fast betting sites above by clicking on the green "VISIT NOW" button for the online sportsbooks that appeal to you.

Visit BetMGM.com for T&Cs. Must be 21+. VA only. New Customer Offer. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable bonus bets. Bonus bets expire in 7 days from issuance. Please Gamble Responsibly. Gambling Problem? Call 1-800-GAMBLER
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Author

Ciaran McEneaney

Ciaran has written for both the sports betting and iGaming industries for over a decade. He is a true sports fanatic, and he covers a wide range of sports for USBettingReport.com, but his first love will always be soccer.