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Completing hassle-free transactions is a vital feature at any good sportsbook. There are multiple reasons why bettors love DraftKings, and while banking options might often be overlooked, you might not even notice any issues making deposits and withdrawals with them.

Adding funds to your DraftKings Sportsbook account is safe, simple, and speedy. Collecting your winnings can take slightly longer, but you’ll appreciate the flexibility with both depositing and withdrawing.

Learn how to deposit at DraftKings, collect your sports betting winnings with ease, and explore the multiple online banking options for either transaction.

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How Do I Deposit at DraftKings Sportsbook?

Making a deposit with DraftKings is straightforward, and you can trust this reliable sportsbook with your financial information.

DraftKings Sportsbook app deposit button highlighted

Let’s go through a step-by-step walkthrough of how to deposit funds at DraftKings Sportsbook so you can start wagering:

  1. Open the DraftKings Sportsbook app on iOS or Android.
  2. Log into your account. You can register a DraftKings account right here if you haven’t already.
  3. Click the ‘Deposit +’ button at the top of the DraftKings app.
  4. Select the amount of money you want to deposit to your account. The minimum deposit amount at DraftKings is $5.
  5. Choose the payment option you prefer to use and enter the required financial information.
  6. You can check the ‘Remember Card for Future Use’ box to save credit or debit card details.
  7. Press the ‘Continue’ button.
  8. Enter your personal information on the billing information screen. These details include first/last name, billing address, postal code, and phone number.
  9. Click ‘Deposit’ to finalize the transaction.
  10. You’ll receive a pop up confirming that your deposit was successful.

DraftKings Sportsbook deposit confirmation screenshot

If you haven’t already signed up with DraftKings Sportsbook, you can register through the banner below and make your first deposit to claim their latest welcome bonus.

Just note that you won’t need to enter a DraftKings promo code during the registration process to qualify.


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DraftKings Payment Methods

Completing a transaction to fund your DraftKings Sportsbook account is simple, safe, and flexible thanks to their wide selection of deposit methods.

Deposit Method Estimated Processing Time
Debit Cards Instant
Credit Cards (Visa, MasterCard, Discover, or American Express) Instant
PayPal Instant
Venmo Instant
Apple Pay Instant
Play+ Prepaid Card Instant
VIP Preferred e-check Up to 3 Business Days
ACH Bank Transfer Up to 5 Business Days
Wire transfers (limited jurisdictions) 1-5 Business Days
DraftKings Gift Card Instant
PayNearMe Instant

You can always contact DraftKings customer support if you’re encountering any issues making a deposit with any of the methods listed above. For more information on depositing funds online to sportsbooks like DraftKings, check out our full guide to online betting deposit methods.

Setting DraftKings Sportsbook Deposit Limits

DraftKings has a vested interest in making sure you play responsibly, which is why they offer responsible gambling tools to help you set certain limits and restrictions.

One of the most powerful RG features they offer is personal deposit limits, allowing you to set your own restrictions on how much you can deposit to your account. DraftKings Sportsbook allows you to set daily, weekly, and monthly deposit limits.

DraftKings deposit limits feature for responsible gaming screenshot

Here’s how to set deposit limits at DraftKings Sportsbook:

  1. Open the DraftKings Sportsbook app.
  2. Click your profile picture icon at the top of the screen.
  3. Scroll down to find the ‘Patron Protection Center’ under the responsible gaming section.
  4. Select the Player Limits button on the next page.
  5. Choose the type of deposit limits you want to set for your account.
  6. Click save and then confirm to finalize your deposit limit settings.

You can also create similar limits if you happen to be playing DraftKings daily fantasy sports in other eligible states. If you’re wondering where you’ll be able to wager with DraftKings Sportsbook, see our full list on DraftKings legal states for more details on locations where deposits can be made.

DraftKings Withdrawal Methods

Making a speedy and secure deposit at DraftKings Sportsbook is an important consideration, but most bettors will be even more interested in collecting their winnings quickly.

Withdrawal options at DraftKings Sportsbook will be slightly more limited than depositing, which is standard across all other legit sportsbooks like FanDuel, BetMGM, and others. You can still claim your winnings through avenues like your PayPal account or with debit transfer methods.

DraftKings account page screenshot withdraw button highlighted

DraftKings withdrawal methods include the following options:

  • Apple Pay
  • Bank Wire
  • Cash at Cage
  • Checks
  • Debit Cards
  • Online Banking
  • PayPal
  • Play+ Prepaid Card
  • Trustly Verified Withdrawals
  • Venmo
  • VIP Preferred

The options listed above aren’t available in every jurisdiction, so you’ll have to check your own DraftKings account to see if a particular withdrawal method is available through your mobile app.

DraftKings also uses Trustly for a verified withdrawal process. Trustly is an open banking payment solution that gives DraftKings customers the ability to add a bank account when they want to make a withdrawal and they don’t even need to make an initial deposit with DraftKings online banking to make that withdrawal.

How Long Does It Take DraftKings to Process a Withdrawal?

Payout speeds at DraftKings differ depending on which withdrawal method you’ve chosen. While some withdrawal methods at DraftKings can take up to 5 business days, most transactions will go through much quicker.

Some bettors using PayPal as a withdrawal method might see funds hit their bank account within minutes. I’d recommend going with PayPal as your withdrawal method of choice, as transactions are typically completed within 24 hours tops. Debit transfers and ACH bank transfers are other popular options as well.

Here is a payout speed comparison of the most popular withdrawal methods at DraftKings Sportsbook:

Withdrawal Method Approximate Transaction Time 
Debit Card Transfer 1-2 Business Days
PayPal Up to 2 Business Days
Venmo Up to  2 Days
Apple Pay 1 Day
ACH Bank Transfer 2-5 Business Days

DraftKings Sportsbook Banking Methods FAQs

Still have questions about DraftKings deposit methods? These quick FAQs might help:

What is the minimum deposit requirement at DraftKings?

The minimum deposit requirement at DraftKings Sportsbook is $5. This offers more flexibility than other sportsbooks that have minimum deposit requirements of at least $10.

How can I deposit money into DraftKings?

You can make a deposit with methods like debit, credit, PayPal, Apple Pay, and Venmo to name a few. Other alternative payment methods include options like prepaid cards, gift cards, ACH bank transfers, and PayNearMe at select retail locations. No matter what deposit method you select, your financial details are secure at DraftKings Sportsbook.

Why is DraftKings not letting me deposit?

There are multiple reasons why you might be encountering issues with depositing funds at DraftKings Sportsbook. Make sure your account is verified, your financial details are accurate and haven’t expired, and that you’re physically present in a location that allows for depositing. Otherwise, make sure to contact DraftKings customer support for more assistance.

What cards does DraftKings accept?

DraftKings Sportsbook will accept Visa, MasterCard, Discover, or American Express. They will also accept their DraftKings gift cards as payment if you happen to have one.

Does DraftKings offer an early cash out feature?

Yes, DraftKings Sportsbook will offer early cash outs on select wagers. You can withdraw the funds after selecting an early cash out like you would with any other wager.

Are bonus bets included with DraftKings Sportsbook withdrawals?

No, the stake from bonus bets are not included upon payout if your wager is successful. For example, a $5 bonus bet on +200 odds would payout $10 total, as opposed to $15 if your stake was placed using real cash.


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