US Sportsbook Deposit Methods & Payout Options

Popular deposit methods for online sportsbooks
Same-day payouts and withdrawals
How to use Bitcoin and other crypto to fund accounts

Once you’ve learned how to open an account with a legitimate online sportsbook, the next step is to get that account topped off so you can actually place bets. Depositing money into your account at most online US-friendly sports betting sites is a piece of cake, as each one offers a pretty legit range of options to choose from.

There are, of course, pros and cons to each of these, and if you’re new to the online gambling space, you may not know which method is the best one for your needs. That’s where we come in.

This page will show you how to fund your sports betting with credit cards, debit cards, cryptocurrency, P2P options, and traditional banking methods, and we’ll explain the benefits and drawbacks of each option and how to ensure same-day payouts when your team comes through for you. If you’ve got a few dollars and a few minutes, you can be up and running – and betting – in no time flat!

Table Of Contents

Fastest Payout Sportsbooks Offering Same-Day Withdrawals For 2025

	Current Bonus	Age	Visit Site
	50% Max $1,000	18+	Visit Site Review
2	125% Max $3,125	18+	Visit Site Review
3	50% Max $250	18+	Visit Site Review
4	25% Max $500	18+	Visit Site Review
5	50% Max $250	18+	Visit Site Review
6	50% Max $1,000	21+	Visit Site Review
7	50% Max $200	21+	Visit Site Review

How To Deposit Into A Sportsbook Account

Making a deposit with an online sports betting site is easier than you might expect. It is in their best interest to make this part of the process simple and user-friendly, as well as provide you with a variety of options for funding your account.

While just about every modern sportsbook review will recommend sports betting with Bitcoin or other forms of crypto (and we do, too), not everyone is prepared to hop aboard the crypto bandwagon.

Fortunately, the best online sports betting sites all support a variety of traditional and modern payment options, and we've created a guide to simplify things for those wanting to learn how to bet on sports with crypto. For those of you who would rather bypass the typical crypto exchange wait times, we also dish on how to buy crypto with Atomic Wallet quickly and conveniently.

Popular Sportsbook Deposit Methods

Cryptocurrency Sportsbook Deposit Options

Bitcoin

When you play online, Bitcoin sports betting is preferred by the top operators for a variety of reasons.

First and foremost, it is the only instant-deposit method that has a 100% success rate, bypassing the meddlesome UIGEA altogether.

Secondly, BTC allows bettors to get the best online sportsbook bonuses, the highest deposit limits, and access to same-day payouts.

Finally, BTC transfers have no added fees of any kind, so you can deposit and withdraw all of your funds, maximizing your bankroll both ways.

In fact, Bitcoin (and other supported cryptos) are the only way to claim same-day payouts from offshore sportsbooks.

This makes them totally unrivaled, and it’s why most books – and bettors – consider Bitcoin/crypto to offer the best online betting payouts.

ApeCoin

Avalanche

Binance Coin

Binance coin is the native cryptocurrency platform for the Binance exchange, the largest crypto trading platform in the world. Since its inception, it has grown to be among the top cryptocurrencies in the market and is now a banking option at select online sportsbooks that accept Binance coin. Though it is still considered small fish in a big pond, we expect to see this currency grow with the market and become more readily available for sportsbook funding in the near future.

Bitcoin Cash

When making a Bitcoin Cash sportsbook deposit, simply select the option from the deposit menu on your favorite site’s Cashier page (or during the new member signup process).

For bettors, the only real difference between using Bitcoin Cash and Bitcoin is that the latter takes a few more minutes to process due to its more complex verification protocol, and native blockchain fees are higher for BTC than for BCH.

BCH was designed primarily to offer faster transactions than Bitcoin, and it does that perfectly well.

So if you see a betting line that won’t be up for more than a few minutes and you need to deposit immediately to cash in on those attractive odds, Bitcoin Cash can get your account funded in 5-10 minutes, while Bitcoin can take up to 60 minutes.

However, as Bitcoin is a better long-term investment than BCH, we still prefer using BTC for most deposits.

Cardano

ADA fans can now celebrate as two of the top US online sportsbooks now accept Cardano. In 2021, both BetOnline and SportsBettingAG started accepting ADA for deposits and withdrawals in their banking suites.

Betting with Cardano will rise in popularity over the next few years as the value of the cryptocurrency grows. Now is the time to deposit with ADA and withdraw winnings with the popular altcoin.

Chainlink

Dogecoin

Betting on sports with Dogecoin in the USA is still a relatively new option for many online sports bettors, but it's also a gamble in itself as the new crypto could increase in value dramatically.

Just like betting with Bitcoin, DOGE betting deposits allow for fast transactions and can be bought with various different currencies around the world.

As Dogecoin increases in popularity, we expect more sportsbook sites to start taking DOGE.

Ethereum

Litecoin

Litecoin is a preferred method of deposit at many online sportsbooks that accept cryptocurrency.

While not as popular as Bitcoin, Litecoin sports betting deposits are picking up steam, and our favorite sports betting sites all now accept the asset.

Many players prefer using Litecoin to fund their online sports betting accounts because the crypto shares the same benefits as Bitcoin (including enhanced deposit bonuses and same-day payouts), but transactions have much faster processing times and come with lower native blockchain fees.

LTC is also an excellent investment.

Polygon

Ripple

Online sports bettors typically use Ripple XRP for its fast processing times and enhanced bonus options.

While Ripple sports betting is still in its infancy, it's sure to grow as more online sportsbooks accept the popular altcoin.

The best reasons to use Ripple as an online banking option are its 3-5 minute processing times and lower native blockchain fees, compared to Bitcoin's and Ethereum's 30-60 minute processing times and higher native fees.

Shiba Inu

Solana

Solana (SOL) is one of the hottest new crypto coins on the market, and it was only recently added to the legal sports betting banking options at sites like BetOnline and SportsBetting AG.

Betting on sports with Solana carries many of the same benefits as Cardano betting, including lightning fast transfer times, incredibly cheap transaction fees, enhanced bonuses, access to same-day payouts, and even staking options to earn free Solana.

Solana staking is a great way to make your payouts worth even more, and we highly recommend that you stake SOL as soon as you receive your online sports gambling payouts.

Stellar

Stellar Lumens are popular crypto assets, and Stellar (XLM) is one of the most heavily traded altcoins on the market.

Additionally, Stellar is much cheaper to buy on a coin-by-coin basis than BTC, and many market analysts believe the Stellar Lumen price has the potential to rise in value at a much faster rate than BTC.

This makes investing in Stellar a great idea, and it makes using Stellar to bet on sports an even better one!

Best of all, Stellar XLM transfers come with the least expensive of all cryptocurrency blockchain fees, they process faster than any other crypto on the market, they offer same-day payouts, and you get all the enhanced sportsbook bonuses you’d receive when depositing with Bitcoin and other altcoins.

USD Coin

USD Coin (USDC) is a crypto stable coin that several reputable online sportsbooks now accept for both deposits and withdrawals.

Stablecoins don’t have the same investment potential as other popular crypto assets, but they’re a great way to store your money and use it for online betting transactions, crypto swing trading, and more. Betting with USD Coin offers fast deposits and withdrawals and allows bettors the option to take advantage of multiple crypto bonus offers.

Tether

Tether (USDT) is another cryptocurrency stablecoin that is supported by a handful of legal online sportsbooks within their bet funding menus.

Like USD Coin, Tether is tied 1:1 to the US dollar, which means its value never changes. This makes Tether sports betting an attractive option for gamblers who want the benefits of crypto gambling without the volatility risks inherent in crypto generally.

Tron

After performing well during the 2022 crypto downturn, TRON (TRX) is finally supported by some of the best online sportsbooks in the business. As a top 20 cryptocurrency, TRON has proved its merit and is a coin you can be confident betting with – and betting on.

TRON sports betting deposits clear in just 2-3 minutes, and withdrawals are just as fast. Plus, there are virtually no TRX fees to speak of. If you like betting with Cardano, Solana, and similar coins, you’ll know exactly what to expect out of this proof-of-stake powerhouse.

Zelle

To use Zelle for online bet funding at any top operator, the most common option is to first buy Bitcoin with Zelle via a third-party exchange.

This shortens the BTC acquisition process from 10 days to just a few minutes for first-time crypto buyers.

After that, simply send your new BTC to your sports betting site of choice.

To learn about the Zelle-BTC process and how to buy Bitcoin quickly and easily with Zelle, please visit our Zelle-Bitcoin deposit guide.

You can also use Zelle (aka Zelle Pay) with vouchers, player transfers, and MatchPay at participating sites.

Ria

P2P Sportsbook Deposit Options

Sportsbook Vouchers

Sports betting vouchers are a new banking option at some of the biggest and best online sportsbooks, like Bovada.

Vouchers allow members at any given site to make deposits by buying portions of other members’ eligible account balances.

Members do this by buying or selling sportsbook voucher codes among one another, which are usually posted for sale in a given site’s official community forums.

Vouchers, aka "Player Transfers" at some sites, are technically private transactions, allowing players to use popular P2P instant-pay services like PayPal, Venmo, Cash App, Zelle, Apple Pay, Google Pay, and so on.

Thus, if you deposit using a gambling voucher, you actually have access to a host of expanded payment options.

For sellers, vouchers provide a way to claim same-day payouts using the same fast, convenient P2P services.

Voucher deposits come with the usual online sports betting bonuses and have no added fees.

MatchPay

PayPal

While you cannot currently initiate sports betting deposits with PayPal directly, any sportsbook that uses player-to-player transfers or sports betting vouchers does allow for PayPal transactions indirectly.

You can also use PayPal with the MatchPay service, though this is currently limited to Bovada only.

PayPal Bitcoin Warning: You can now buy Bitcoin and other cryptocurrencies with PayPal, but off-platform trading is not supported. This means you can't send that crypto from your PayPal wallet to any other wallet, including those of the sports betting sites we recommend.

Venmo

Venmo is a popular US P2P app that allows users to exchange funds quickly and privately.

Venmo sports betting deposits are made in conjunction with deposit options like vouchers, player transfers, and MatchPay.

Venmo Bitcoin Warning: You can buy Bitcoin and other crypto coins using Venmo, but the Venmo crypto service does not allow for off-platform sending. As such, you cannot use Venmo to buy BTC, etc. with which to bet sports online.

Cash App

Cash App is our top choice when it comes to P2P bet funding, because unlike PayPal, Venmo, and other similar services, it actually lets you deposit and withdraw in three distinct ways and is compatible with every site we recommend.

You can use Cash App to make voucher deposits and withdrawals at participating online sportsbooks, and it can also be used via the Bovada-exclusive MatchPay service.

However, where CashApp truly stands out is that it allows users to buy Bitcoin and send that Bitcoin off-platform!

While PayPal and Venmo support Bitcoin trading, they don't allow BTC to be sent to external wallets, rendering them useless for Bitcoin sports betting applications.

Cash App, on the other hand, lets its users buy BTC and send it to any external wallet at any time. This is a real gamechanger, and it makes Bitcoin sports gambling – and all its many perks – far more accessible to millions of online bettors.

That said, Cash App is compatible with Bitcoin only and does not currently support any other cryptocurrency options.

Note: While Zelle offers a Bitcoin acquisition option, the Cash App process has no added steps and can be done entirely within the Cash App application itself.

Zelle

To use Zelle for online bet funding at any top operator, the most common option is to first buy Bitcoin with Zelle via a private exchange.

This shortens the BTC acquisition process from 10 days to just a few minutes for first-time crypto buyers.

After that, simply send your new BTC to your sports betting site of choice.

To learn about the Zelle-BTC process and how to buy Bitcoin quickly and easily with Zelle, please visit our Zelle-Bitcoin deposit guide.

You can also use Zelle (aka Zelle Pay) with vouchers, player transfers, and MatchPay at participating sites.

Apple Pay

Apple Pay sports betting has arrived, and depositing cash into your sportsbook account has never been easier.

When using Apple Pay as a funding method, there are three options:

You can deposit using the credit cards in your Apple Pay wallet
You can buy vouchers/player transfers from other members as long as the sportsbook supports these options
You can use the third-party MatchPay service at participating sites (Bovada-only for now)

Google Pay

Betting on sports with Google Pay is easier than ever with online sportsbooks starting to accept the service.

Right now, Bovada is the only sportsbook that accepts Google Pay via its voucher/player transfer system and the third-party MatchPay platform.

However, if you choose to use Google Pay as a digital wallet, you can fund your account at any sportsbook that accepts credit cards, debit cards, or gift cards.

Samsung Pay

Using Samsung Pay to fund your sports betting account is similar to funding you account with a credit or debit card if you use a card stored on the popular e-Wallet platform.

Another option is to use the person-to-person (P2P) feature to buy betting vouchers or MatchPay transfers from other sportsbook users.

Since only a select few online sportsbooks offer the voucher/MatchPay option right now (i.e. Bovada), most players will use the service to make secure card-based transactions.

Ria

Quickbit

QB Direct

Traditional Sports Betting Deposit Methods

Credit Cards / Debit Cards

Credit cards are regularly used for secure account funding at the best online sports betting sites.

Top operators typically take all common card methods including:

Regardless of card brand or banking partner, these online bookmaking services accept credit cards, debit cards, prepaid secured cards, and gift cards (as long as the latter are rated for international purchases).

eChecks

eChecks are still accepted at some of the top sportsbooks, including BetOnline. This is a good option for bettors who prefer to use cash to fund their accounts and are willing to tolerate that the deposit won't be instantaneous like it is for other methods such as Bitcoin, Vouchers, or credit cards.

The sportsbooks that accept eChecks facilitate this option from a built-in function within the interface of their banking suite, so its pretty straitforward. You should know that there are typically fees associated with this option as well as a designated minimum and maximum restriction to deposits that may limit your betting action more than you'd like.

Money Transfers

Online Sportsbook Payout Methods

Though Bitcoin/crypto is the most popular and fastest sportsbook payout method, not everyone uses cryptocurrencies, and there is a learning curve involved that might be too steep for some gamblers.

As a result, while we recommend crypto for its many perks, standard deposit methods are also supported, and they also come with bonuses and reasonable limits and fees.

Bitcoin (BTC)
Altcoins
Bank Wires
Sports Betting Vouchers/Player Transfers
MatchPay
Courier Checks

Fastest Payout Options at Online Sportsbooks

Depending on the withdrawal method you choose, you’ll get your money in 2-5 days on average. Bitcoin, altcoins, Matchpay, and Vouchers offer same-day payouts, but these are the only funding options that do. Otherwise, sportsbook withdrawal times will vary.

For a more in-depth look, see our sportsbook banking comparison guide that details withdrawal times, and sportsbook-approved banking options. Our guide to the fastest paying sportsbooks details what banking options transfer the fastest.

The following processing and transfer times for sportsbook withdrawals are averages that we’ve experienced playing with all the operators listed here:

Bitcoin/Altcoins: Same day
Vouchers/Player Transfers: Same day
MatchPay: Same day
Money Orders: 2-3 days
Courier Checks: 3-5 days
Bank Wires: 5-7 days

How To Get A Same-Day Payout

While you can choose from any of the above sports betting withdrawal methods, the best betting sites for withdrawals are those that support Bitcoin and other alternative currencies. Again – and this bears repeating because it’s so important for most bettors – cryptocurrency is the only online betting instant withdrawal method.

Overseas bettors have more same-day payouts to choose from due to wider financial platform support, but for all US bettors who want to be able to actually get their money stateside the same day they claim their winnings, BTC etc. is the way to go.

Bitcoin is the gold standard, and all reputable sites support it and various altcoins for your convenience.

Note: Same-day payouts are often – but not always – available via P2P apps when used with betting vouchers, player transfers, and MatchPay at participating sites (i.e. Bovada).

How To Calculate Sports Betting Payouts

Calculator black and orange In this day and age, you don’t actually have to calculate each wager’s payout potential. While the American moneyline is easy to understand, you can see how much each bet pays out by simply clicking or tapping on your bet of choice and typing in the amount of money you want to risk. Each overseas sportsbook has a built-in betting bankroll calculator, allowing you to see payouts immediately, whether you place single bets or multi-bet parlays.

Still, we recommend familiarizing yourself with the moneyline odds system so that you can quickly glean how much each bet will pay out before selecting it. We also suggest signing up at multiple legal sports betting sites so that you can shop lines to find the best values on any given matchup or prop bet.

Sportsbook Bonus Codes

When you sign up at any site, you will have sportsbook deposit bonus options. Welcome bonuses offer the best values (especially if you use crypto), adding between $250 and $1000 to your bankroll, depending on the site you choose. Many operators also offer account reload bonuses, which give you a 25-50% boost each time you make a fresh deposit.

In the past, sportsbook deposit bonus codes would be required, but in large part, sites today simply offer you a menu from which to select your bonus during the deposit process itself. At books that still require bonus codes, these are usually provided right at the sites themeselves under the “Promotions” tab.

Sports betting bonuses come with terms and conditions to be aware of. These are called rollover requirements, and they simply indicate how much money you must wager in total before being eligible to withdraw any associated winnings.

Most sportsbook bonuses come with rollovers of between 5X and 15X, making them perfect for the vast majority of bettors. Bonuses are 100% optional, but we recommend taking them when you can, as they are literal free money.

Frequently Asked Questions

Can you withdraw winnings from bonuses?

Yes, of course.

However, when you accept a sports betting bonus, you must first meet the terms and conditions associated with that bonus. This is called rollover.

For example, if you make a $100 deposit and accept a 50% deposit match bonus, you will have $150 credited to your account.

Let’s say this comes with a rollover requirement of 5X. That means that before you can pull out your winnings, you must wager a total – or “turn a handle” – of $150 X 5, or $750.

Sportsbook bonuses at reputable sites will always have easy-to-meet rollover terms, so we recommend accepting them without hesitation.

Can you withdraw free bet winnings?

Yes!

But please be aware: Free bets are different from sportsbook bonuses, and most sites do not offer free bets at their sportsbooks.

That said, you can sometimes find “risk-free” bets at sports wagering venues.

Usually, these are available to bettors making their first mobile sportsbook wagers or live sports betting picks, and they are capped at around $25.

Free bets come with high rollovers (usually in excess of 50-100X), while risk-free bets simply refund a single wager’s loss if your pick fails to hit.

What is the easiest betting site to withdraw money?

Any site listed here can be considered the easiest from which to claim your winnings.

The process is the same at each one, and regardless of the method you choose, your site will give you straightforward instructions to follow.

Again, for ease of use – once you’re used to it, anyway – Bitcoin/crypto is the best and fastest way to get money out of your online sportsbook.

Nevertheless, each supported method is simple enough.

What is the best Bitcoin wallet for sports betting?

When you wager at a Bitcoin sportsbook, you’ll need to have a Bitcoin wallet in order to move money into and out of your account.

Each BTC wallet has a unique address, and you’ll use your sportsbook’s BTC sending address when making deposits, while you’ll use your Bitcoin wallet’s receiving address as the destination for all crypto withdrawals.

The best Bitcoin wallets depend on whether you want software, hardware, or cold storage wallets.

Software wallets are the easiest way to move crypto around, so that’s what we recommend.

The best Bitcoin software wallets are Coinbase or other major exchanges (Bittrex, Binance, etc.), Electrum, Atomic, Exodus, and similar products.

All crypto withdrawals require you to use a compatible wallet, but most of the above software wallets support all the different coins available at the sites we recommend.

What are the best payout sports betting sites?

All the sites listed here pay out in roughly the same manner and timeframe.

In this regard, they’re all “best.”

Plus, because they each offer same-day BTC and crypto payouts, they’re each equally speedy, too.

However, if you’re looking for the sites with the best payouts on individual bets – or the biggest sports bet payout for each wager – there actually isn’t one.

These operators compete with each other by giving bettors different odds on the same games and matchups, so you'll need to shop lines to find the most value for any given bet.

For example, Bovada sports betting payouts might be better for tomorrow’s Yankees game or Sunday’s Chiefs game, while MyBookie might have superior lines on tonight’s Dodgers contest or Patriots game.

How do payouts work in sports betting?

In sports betting, when you win a wager, the money is credited to your account.

This happens instantly, giving you more funds with which to wager on the next game(s).

Of course, when you want to actually get that cash off your site and into your hands, you have to initiate a withdrawal.

To do this, simply visit your site’s Cashier page, select the method of payout your prefer, and type in the amount you wish to pull out.

If you’ve met all existing bonus rollover terms, your payment will be processed according to the timetable listed above.

What is the best way to make money on sports betting?

If you’re interested in how to make money sports betting, there are about a million tips and tricks out there.

However, these are all dependent on various factors and may not work for your individual needs.

That said, there are three things that all bettors should be aware of if their goal is to make money in the long run.

First and foremost, you should shop lines between sites to find the best payouts for any given bet.

Secondly, your sports betting money management is crucial.

To build a bankroll, you should make small bets frequently, not big bets where you go all in on a single game.

Most professional bettors advise wagering no more than 3% of your bankroll on any given bet, and we’d advise wagering even less than that, at least when starting out.

Finally, making money off sports betting is only possible when you follow the Golden Rule of all gambling:

Never risk more than you can afford to lose.

If you follow these steps and stick to the plan, you should make money in the long run.

Disclaimer: The above sports betting banking services are independent third-party companies and do not endorse this site or any online sports betting site in any way. This page is for informational purposes only.