Fastest Withdrawal Options Available at Sportsbooks
Navigating the delicate details of your sportsbook’s payout options can seem overwhelming at first glance. Most often, you just want to know which withdrawal option will reliably pay out the fastest.
We’re happy to share our extensive experience making withdrawals from various online sportsbooks. Here, you’ll learn what to expect when making withdrawals using the most popular methods. With our help, you’ll know exactly what to expect when converting your hard-earned wins into cold hard cash.
We Only Deal With Top-Quality Transparent Sportsbooks
We’ve acquired data on withdrawal times based on firsthand experience betting at the online sportsbooks we review, as well as exhaustively researching each sportsbook’s financial terms and conditions.
Not only are the payout times we list accurate, but they can be verified by these sportsbooks’ customer service departments.
In the unlikely event that something goes wrong when you’re withdrawing, your sportsbook customer service will assist you with any concerns you might have.
Reputation Matters Most
The most important aspect of selecting a sportsbook is its reputation. A long history of solvency – as well as a consistently high bar for customer service – always counts more than an enticing bonus offer or slightly better odds on the game you want to bet.
If you’re using an unlicensed sportsbook, you simply can’t acquire accurate information regarding withdrawal timelines. They may advertise lightning-quick payouts, but remember: If it’s too good to be true, it usually is.
Only licensed sportsbooks pride themselves in financial transparency, striving to set specific expectations for their bettors. Protect your investment by never betting on sports with an unlicensed operator.
Regardless of Method, You Must Verify Your Identity Before Withdrawing
You will always be asked to verify your identity before successfully receiving your first withdrawal. Rest assured, you’ll only be asked to do this once.
If you have any questions as to why you’re required to verify your identity – and how to go about the identity verification process – check out our thorough guide on the subject.
If it seems onerous to provide ID to receive the money you’ve rightfully won, just remember – these restrictions are in place to protect your bankroll from fraud. The sportsbook gains nothing if a nefarious actor is able to gain access to your funds, and you lose everything.
Any sportsbook that does not ask you for identification isn’t playing by the book.
Most Popular Sportsbook Withdrawal Options
Bank wires aren’t the quickest option available, but they’re still a prevalent method of deposit for many American bettors to receive funds. After all, bank wires land directly in your bank account balance, making your winnings instantly available.
Expect to wait between one to two weeks for a withdrawal request to be processed via ACH transfer/or bank wire. If you’re lucky, you might see a payment processed as quickly as three business days.
Couriered checks are slightly slower than bank wires, simply because they rely on third-party mailing services like FedEx or USPS. Despite their slow speed, the majority of sportsbooks offer bettors the option to receive payouts via check.
Person-to-Person (P2P) or Money Order Transfers
Fewer and fewer sportsbooks offer this option due to the long waits associated with payouts, but money order withdrawals are still available at select sportsbooks.
eWallets like PayPal provide the fastest withdrawal option for most sports bettors. While they are not offered at every sportsbook, an increasing number of operators will make transactions in both directions using these services.
PayPal withdrawals are typically processed within 24-48 hours.
Withdrawals Are Quicker During Down Seasons
Sometimes, you may notice that your withdrawals are processed and received significantly faster than the time frames provided above.
Say that you’re betting the moneyline on a regular season match between the Columbus Blue Jackets and the Florida Panthers in early April. Because this type of event won’t likely draw a ton of betting volume, they’ll like have fewer withdrawals to process.
With fewer payouts to divvy out, there’s less stress on your sportsbooks’ financial department. Less stress means there’s a strong chance that you’ll get your payout faster than normal.
Withdrawals May Take Longer in Busy Season
Conversely, if you’re betting on the Super Bowl (or any of the other events with the highest betting volume of the year), there’s a chance that your payout times will be stretched against the maximum stated timeframe.
In rare cases, they may even be slightly delayed if your sportsbook receives even more bets than they were expecting. This isn’t unheard of, given the size and increase of the global betting market every year.
However, don’t hesitate to contact your sportsbooks’ customer service department if you’re wondering what’s happening with your withdrawal. They’ll be more than happy to answer any and all of your questions, and provide some clarity as to when you can expect to receive your payout.
Start Betting With Confidence!
If you’ve got any more questions related to any aspect of the financial portion of your sportsbook, make sure to check out our comprehensive guide to depositing and withdrawing.
If you’re ready to start betting at your online sportsbook of choice, check out our how-to guide for sports betting, where we give you quick, actionable tips to grow your bankroll in a hurry!
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