A player walks away from a weekend of NJ sports betting a winner. Now, what?
This is standard operating procedure for daily and traditional sports betting sites, and is one of the requirements for DraftKings, and sites like it, to stay in business. Similar to the lottery, profits are taxed, and that’s the way it has been forever.
It can be a bit more difficult to withdraw money from an online sportsbook then it is to deposit it. Sports bettors should plan if they hope to get their hands on their money sooner rather than later.
- My guess is that is has something to do with the launch there’s no way a regulated US sportsbook like Draftkings is not going to pay if it was an offshore site and taking this long there’d be cause for concern. But DK would get absolutely raked if they didnt payout winnings that would probably shut down their entire company in a hurry.
- There are specific limits to each withdrawal method. Here are the limits: PayPal max withdrawal amount is $14,999.99, checks over $2,000 are sent via FedEx Priority Mail (but not if there is a PO box present). All other checks are standard mail. If you are making a withdrawal over $50k you should contact us at [email protected].
- Sports Specific Rules Sports Betting Guidelines Live Action Betting Guidelines. Can I withdraw my entry? What states can I play DraftKings Sportsbook and Casino?
- What are the withdrawal timelines? Are there any deposit bonuses? What states can I play DraftKings Sportsbook and Casino? Where is Sports Betting Legal? Why am I seeing a 'In-eligible Location' message? Geolocation Troubleshooting.
Just like the different sportsbooks have different deposit methods, they also have different withdrawal rulesand timelines.
As a follow-up to our analysis of deposit options at NJ gambling sites, we recently went through the withdrawal policies for New Jersey online sports betting accounts.
Withdrawal options at NJ sportsbooks
Sportsbook | PayPal | Neteller | Credit / Debit | Prepaid Card | E-check / ACH | Cage Pickup |
---|---|---|---|---|---|---|
DraftKings | Yes | No | Yes | Yes | No | Resorts AC |
BetStars | Yes | Yes | Yes | Yes | Yes | Resorts AC |
FanDuel | Yes | No | No | Yes | Yes | No |
888 | Yes | Yes | No | No | Yes (ACH only) | Caesars AC |
SugarHouse | Yes | Yes | No | Yes | Yes | Golden Nugget AC |
Caesars | Yes | Yes | Yes | Yes | Yes | Caesars AC |
William Hill | No | No | No | Yes | Yes | Monmouth or Ocean Resort |
PlayMGM | No | Yes | Yes | No | Yes | Borgata AC |
Draftkings Sportsbook Withdraw Options
DraftKings Sportsbook
DraftKings Sportsbook has some of the most limited withdrawal choices. Players can withdraw via the same methods they deposit.
DraftKings calculates a player’s available balance by the amount of funds deposited plus the net amount a player won. Then it adds the funds on the player’s daily fantasy sports account to arrive at the total available funds for sports betting or withdrawal.
BetStars
BetStars credits withdrawals back to the original deposit method, starting with the oldest deposit method first.
The company applies withdrawals up to the amount deposited and then credits the next oldest deposit method in the following order:
- Instant e-checks
- Neteller
- PayPal
A player can choose the withdrawal method for any withdrawal amount left over after matching all original deposit methods.
Each method, however, has different timelines:
- Electronic wallets: Funds will appear immediately after processing up to the amount deposited and three to 10 business days for withdrawals more than the deposit amount.
- Instant e-checks: Allow three to 10 business days for the funds to appear on the statement.
- PokerStarsPlay+ card: Allow up to 72 hours for funds to appear.
- Resorts Casino cage withdrawals take approximately two hours.
FanDuel Sportsbook
FanDuel Sportsbook has some specific requirements for its withdrawals.
For instance, the sportsbook will only approve ACH and e-check withdrawals to brick-and-mortar banks. However, players can have up to three bank accounts saved in their wallet. Allow four to six business days for funds to appear.
Players may only withdraw to PayPal or a Betfair prepaid card if they used the wallet to deposit funds. Expect funds to appear within 48 hours.
FanDuel is also willing to mail a physical check to the address on file. Allow five to seven days for processing plus mailing time.
Caesars and 888 Sport
Caesars Sportsbook and 888 Sport follow the same withdrawal procedures, and Caesars processes them.
Both companies require verification of a players withdrawal choice before the withdrawal can proceed. We provide some insight into the verification process but watch for specific instructions from 888 after initiating a withdrawal.
A player has 14 days to verify the withdrawal method. Failure to confirm the deposit method will result in the cancellation of the withdrawal. The company will return the funds of the canceled withdrawal to the player’s account.
888 Sport and Caesars automatically processes withdrawals back to verified deposit methods with one exception.
888 Sport does not process withdrawals back to credit and debit cards. Caesars will, but only after the use of all other verified deposit methods.
SugarHouse Sportsbook
SugarHouse makes available funds for withdrawal to a variety of methods. The sportsbook processes most withdrawals within 24 hours, but it can take up to 72 hours.
Once approved, delivery time to the various withdrawal methods varies:
- SugarHouse prepaid card: Funds are available immediately.
- Neteller: Funds are available within 24 hours.
- ACH/e-check: Funds are available within three to five business days.
- Casino Cage: Funds are available immediately.
- Check by mail: A physical check will arrive within 10 to 14 business days.
William Hill
William Hill NJ has limited withdrawal options.
Players can withdraw funds to a William Hill prepaid card. Additionally, players can pick up funds at Monmouth Park Sportsbook and William Hill Sportsbook at Ocean Resort Casino.
William Hill processes withdrawal requests within 72 hours. According to its website, they ask customers with larger deposits and withdrawals to contact customer support.
playMGM
PlayMGM may request a security review of any withdrawal.
Players should allow up to five days for processing. Once approved, funds are available “as soon a reasonably possible depending on the withdrawal method you chose.”
Withdrawal verification requirements
Sportsbooks have the right to ask for verification documents before approving a withdrawal. Those documents vary based on the deposit method and withdrawal preference.
Credit and debit card withdrawals
The sportsbook may want to verify the credit or debit card belongs to the person requesting the withdrawal.
Verification includes providing a copy of the front and back of your credit card. Most books will ask to black out the three-digit code Casino free spins no deposit. on the back and the middle eight numbers on the front of the card.
If verification is needed, the sportsbook will provide detailed instructions.
Bank transfers and ACH withdrawals
Verifying a bank account usually requires a copy of a bank statement with a name and account number.
Other documentation requests
A player may be required to provide proof of the address used when registering for the sportsbook account. It can come in the form of a utility bill, credit card statement, or a copy of a government-issued ID card.
Additionally, a sports bettor may be asked to prove they are who they say they are. A government-issued passport, driver’s license, or state ID card is sufficient to determine one’s identity.
Draftkings
A final reminder for all you NJ sports betting enthusiasts: Ensure the name, account numbers, and address are clear and readable. The faster the information gets verified, 001bthe faster the money will be on its way.
After a long wait, many Michigan online sportsbooks and online casinos finally go live today.
DraftKings has been one of the first to market in every state it has launched; Michigan is no expectation.
This handy guide will help you navigate the mobile DraftKings Sportsbook. Below you can find information on creating an account, depositing funds, placing bets, and sports you can wager on.
New User Bonus. T&Cs Apply.
Up to $1,000 Deposit Bonus
How DraftKings Sportsbook bonus works
DraftKings offers several odds boosts, bonuses, and promotions.
When you sign-up with DraftKings, you receive a $25 free bet even before you make your first bet; however, this is for new customers only.
New customers also receive a 20% match bonus up to $1,000. For example, if your first deposit is $100, DraftKings will give you a free $20 bonus.
- Exclusive bonus: $25 free bet
- Deposit bonus: 20% match up to $1,000
Creating a DraftKings account to begin online sports betting in Michigan
The first step to online sports betting in Michigan is creating an account. Luckily, you can do this from the comfort of your home.
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First, find the DraftKings Sportsbook app for iOS or Android and download it. Next, you will be asked to enter some personal information. Some people might be hesitant at first, but you will be asked for this information regardless of which sportsbook app you choose.
Information you might be asked for may include:
- Social security number (last four digits)
- Email address
- Phone number
- Date of birth
- Address and zip code
- Full name
Additionally, you may be asked to download geolocation software (desktop) or switch on your location services (smartphone).
Create a username and password, and you are done.
Funding your DraftKings Michigan sports betting account
You’ve created an account; now, it’s time to deposit funds. Like other online accounts such as Amazon, Doordash, and Grubhub, you can transfer money from your personal bank account into your DraftKings account. This money is yours, and you can withdraw it at any time, day or night.
Across the US, all sportsbooks, DraftKings included, offer fast and easy ways to deposit money. Some of the easiest include:
- Credit/debit card
- E-check
- Wire transfer
- Paypal/Skrill
- DraftKings Prepaid Play+ Card
Of course, all these options are for online sportsbooks. While cash deposits are an option, it is traditionally reserved for retail sportsbooks.
Making withdraws
As mentioned, you can withdraw your funds at any time. DraftKings provides a few options to make things simple. All you do is click on your profile in the top left corner. Select “withdraw” and follow the instructions on the screen.
Withdraw options include:
- Paypal:3-5 days with a $1 minimum
- Check:7-14 days with a $15 minimum
- Online banking:3-5 days with NO minimum
Placing Michigan online bets with DraftKings
Once you have your account created and funded, it’s time to start placing bets.
Betting with DraftKings is easy. On the home screen, you can view a list of games for the day. Simply tap on which game you want to bet on, a “bet slip” screen will pop up and ask how much you wish to wager. Enter your amount and select “place bet” at the bottom.
A few traditional bets you can place are:
- Parlay bets
- Moneyline
- Point Spread
- Over/under
- In-game bets
Live bets or “in-game wagers” vary depending on the sport. For example, during professional football games, you can place bets on “who will score the next touchdown” or “how many points” will be scored at the end of a specific quarter.
Additionally, if you are already familiar with MI sports betting at the state’s retail casinos, you know there are several Michigan sports teams you can place bets on. These teams are:
- Detroit Lions (NFL)
- Detroit Red Wings (NHL)
- Detroit Tigers (MLB)
- Detroit Pistons (NBA)
- Michigan Wolverines (NCAA)
- Michigan State Spartans (NCAA)
- Western Michigan Broncos (NCAA)
- Central Michigan Chippewas (NCAA)
- Eastern Michigan Eagles (NCAA)
Upcoming sporting events you can bet on now
Now that Michigan online sports betting has become a reality, there are several upcoming events you can start placing bets on now. Your options will be identical to retail locations so, if you can bet on a UFC match at a retail sportsbook, you can do it online as well.
A few upcoming events include:
- UFC 257: McGregor v. Poirier (Jan. 23)
- NFC Championship: Tampa Bay Buccaneers v. Green Bay Packers (Jan. 24)
- AFC Championship: Buffalo Bills v. Kansas City Chiefs (Jan. 24)
- Super Bowl LV: NFC v. AFC (Feb. 7)
Of course, there are a number of popular sports to bet on. Some include:
- Hockey
- Basketball
- Golf
- Tennis
- MMA/boxing
- Baseball
Lastly, you can start placing futures bets on several championship games like the following:
- 2021 NCAA College Football Champion
- 2021 World Series Champion
- 2021 NBA Finals Champion
- 2021 Stanley Cup Champion