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Sportsbook Deposit Methods For U.S.A. Players

On this page, we will go into detail about the different types of deposit and funding methods that are available at legal sports gambling sites. Players will have many options, each with upsides and downsides. Deposit methods can range from cryptocurrency to credit cards, and each has its place in the ecosystem of online sportsbooks.

Rank Sportsbook Highlights Rating Visit Site
1 Bovada 50% Up To $250 Read Review 5 Star Rating Visit Bovada
2 BetOnline.ag 50% Up To $1000 5 Star Rating Visit BetOnline.ag
3 SportsBetting.ag 50% Up To $1000 5 Star Rating Visit SportsBetting.ag
4 MyBookie 50% Up To $1000 5 Star Rating Visit MyBookie
5 Xbet 50% Up To $300 5 Star Rating Visit Xbet

#1

Friendly Deposit Limits

5 Star Rating

At Bovada, you do not have to worry about the limits as they are super friendly meaning they cater to the every day bettors who want to deposit $25 at a time. However, they also let high rollers deposit as much as $5,000 at any given time as well with select methods. The great thing about depositing on Bovada as well is that the processing times for most of their deposit options are either instant or near instant.

BitcoinVisaMastercardWire Transfer

PROS:
  • Established Reputation
  • Easy Deposits
  • Crypto-Friendly
  • Fast Withdrawals
CONS:
  • Limits  On Certain Markets
  • No DE, MD, NJ, NY, NV

#2

Safe Betting Site To Make Deposits

5 Star Rating

If you are looking for one of the safest online sportsbooks to make a deposit, BetOnline has you covered as they take safety to the next level. They use backend encrypted links to protect not only their servers, but also your web browser that you are using to access the site. That being said, any deposit that you make into your BetOnline account will be protected from start to finish.

BitcoinVisaMastercardWire Transfer

PROS:
  • Accepting US Bettors
  • Crypto Deposits/Withdrawals
  • Hefty Bonuses
  • Great Props
CONS:
  • Some Withdrawal Fees
  • High Rollovers

#3

$1,000 Deposit Bonus

5 Star Rating

On MyBookie, new users that are making their first deposit can enjoy a first deposit match bonus of up to $1,000 as they’ll match that deposit by 100% no matter which deposit method you are using. This bonus is offered to you from the moment you log on to their site and create your account and the credits will be deposited to your account from the second you click deposit to receive your funds.

BitcoinVisaMastercardWire Transfer

PROS:
  • US Residents Accepted
  • Generous Bonuses
  • Intuitive Interface
  • Crypto Deposits Welcome
CONS:
  • Smaller Sport Selection

Deposit Methods At Different Online Sportsbooks

Generally, you’ll be able to make deposits on different online sportsbooks with some of the same methods on various sites. What they all have in common is that you can deposit with both major credit and debit card companies as well as cryptocurrencies. Also, no matter which site you choose to make these deposits, you’ll have to follow the limits, processing times, and possibly fees.

Bovada Deposit Methods

  • VISA
  • MasterCard
  • America Express
  • Zelle
  • Venmo
  • PayPal
  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Ethereum
  • Bitcoin SV
  • Boucher

BetOnline Deposit Methods

  • VISA
  • MasterCard
  • America Express
  • Disvcover
  • Person2Person
  • Money Order
  • Bitcoin
  • Ethereum
  • Litecoin
  • Bitcoin Cash
  • Solana
  • Chainlink
  • Cardano
  • Ripple
  • Stellar
  • Dogecoin
  • Shiba Inu
  • ApeCoin
  • Avalanche
  • Binance Coin
  • Tether
  • Polygon
  • USD Coin

MyBookie Deposit Methods

  • VISA
  • MasterCard
  • Person2Person
  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Ethereum
  • Solana
  • Shiba Inu
  • Dogecoin
  • Binance Coin
  • Cardano
  • Tether

Types Of Sportsbook Deposits Options

Online sports gambling sites offer their users a fairly wide range of different funding options. Credit cards, cryptocurrency and bank methods are the most common forms of funding options with online gambling sites. Banking integration tends to be higher with state-regulated sportsbooks, which will not accept cryptocurrency. The flipside of that situation is that the offshore sportsbooks love dealing in crypto, and offer big bonuses to do so, but only accept bank wires under certain circumstances.

Reviews Of Sportsbook Deposit Methods

Bitcoin Sportsbook Deposit Info

Bitcoin is the best way for anyone to get their money into an online sportsbook, and it allows for players to access the best bonuses as well.

Site: Minimum: Maximum: Fees: Time Frame:
Bovada $10 $5,000 0% Up to 24 hours
BetOnline $20 $500,000 0% Up to 15 minutes
MyBookie $20 $10,000 0% Up to 2 hours
Xbet $20 Depends On Customer Level 0% Depends
BetUS $10 $50,000 0% 30 Minutes
SportsBetting $20 $500,000 0% 2 Hours

Ethereum Sportsbook Deposit Info

Ethereum is a top cryptocurrency option that many prefer to Bitcoin. Less sportsbooks accept it than BTC, which is the most widely accepted crypto, but ETH is not far behind in terms of adoption, and drives a lot of innovation in the space.

Site: Minimum: Maximum: Fees: Time Frame:
Bovada $50 $5,000 0% Up to 30 seconds
BetOnline $50 $100,000 0% Up to 2 hours
MyBookie $20.00 Depends On Customer Level 0% Depends
Xbet $20.00 Depends On Customer Level 0% Depends
BetUS $10.00 $50,000.00 0% 30 Minutes
SportsBetting $50.00 $100,000.00 0% 2 Hours

Bank Wire Sportsbook Deposit Info

Bank wires can be used to move money directly into a gambling account. You can make payments via your bank either in-person or online. Though they can take some time, these are safe, secure, and often have high limits as to how much you can ship.

Site: Minimum: Maximum: Fee: Processing Time:
BetOnline $500 $10,000 Variable 3-5 Days
SportsBetting $1,000.00 No Max Variable 5 Days

American Express Sportsbook Deposit Info

American Express may be the least common credit card for sports gambling, but several online sportsbooks do use this option as their own. You will find a few sports betting sites that have incorporated American Express as a funding option.

Site: Minimum: Maximum: Fee:
BetOnline $25 $5,000 7.50%
MyBookie $45.00 $2,500.00 6.00%
Xbet $45.00 $2,500.00 6.00%
BetUS $50.00 $2,499.00 7.50%
SportsBetting $50.00 $2,500.00 7.5%

Bank Drafts

Bank drafts, also known as cashier's checks, can be used to make payments into some online sportsbooks. You will find that there are a few sports betting sites that will allow you to mail in a bank draft and have a payment made as soon as it is received.

Bank transfers can be used to move money directly into a gambling account. You can make payments into your gambling site by visiting a bank, telling them you want to make one of these payments and have the account number of your sportsbook available as the recipient. Though they can take some time, these are safe, secure, and often have high limits as to how much you can ship.

Electronic Checks

Electronic Checks are some of the best deposit methods out there. E-checks will allow you to transfer money directly from your bank account without having to use a third party or an intermediary. These are generally free, usually instant, and make payments as easy as possible.

MasterCard

MasterCard is the second most common type of credit card used in online sports gambling. Many sportsbooks have ceased offering this deposit option, so those with only an MC and not a VISA could have some trouble making deposits.

Site: Minimum: Maximum: Fee:
Bovada $20 $1,500 15.9% Or Higher
BetOnline $25 $5,000 9.75%
MyBookie $45.00 $2,500.00 4.90%
Xbet $45.00 $2,500.00 4.90%
BetUS $50.00 $2,499.00 7.50%
SportsBetting $50.00 $2,500.00 9.75%

MoneyLineWallet

MoneyLineWallet is one of the few e-wallets that is still functioning in the United States. If you use MoneyLineWallet you can transfer funds into and out of your sportsbook. To sign up to MoneyLineWallet you have to visit the cashier of one of the sites accepting this deposit method and you can have the account opened.

MyPayLinq

MyPayLinq is another e-wallet that provides users in the United States with the ability to transfer money directly into a gambling account. MyPayLinq is openly accessed, so you don't have to ever find an invitation to sign up for their service.

Prepaid Cards

Prepaid cards are like credit cards but they are not actually attached to any account you own. You will find that prepaid cards can be purchased with cash at a variety of convenience stores, and you can transfer your money very easily into your gambling account.

Site: Minimum: Maximum: Fee: Processing Time:
BetOnline $25 $5,000 9.75% Instant
SportsBetting $50.00 $2,500.00 9.75% Instant

Western Union

Western Union is a great method for U.S. players as it allows them to use cash to make deposits into gambling sites. With thousands of places where Western Union wire transfers can be placed, this method is also very convenient.

VISA

VISA cards are the most common of the credit cards, and you can use them very easily to make deposits into your gaming account. Almost every single online sportsbook accepts VISA. If they do not accept VISA, they do not accept credit cards period.

Site: Minimum: Maximum: Fee: Processing Time:
Bovada $20 $1,500 15.9% Or Higher Variable
BetOnline $25 $5,000 9.75%% Variable
MyBookie $45.00 $2,500.00 6.00% Variable
Xbet $45.00 $2,500.00 6.00% Variable
BetUS $50.00 $2,499.00 7.50% 30 Minutes
SportsBetting $50.00 $2,500.00 9.75% Instant

Sportsbook Payouts

Retrieving your winnings is of the utmost importance.If you are going to gamble online, you will want to make sure your sports betting site offers enough withdrawal methods to make the whole affair of gambling as easy as possible. With these sportsbooks you will generally have multiple options available, including wire transfers, paper checks, and also e-wallets. Every sportsbook offers their users multiple options for getting your money back from your gaming site. You will be able to get your winnings easily, though some of the gaming sites have their own caveats when it comes to online gambling. For the most part your payments will take anywhere from 3-14 days to cash out, though this number can be a bit higher if you have not completed the cash out requirements associated with the sportsbook.

How Deposits Impact Sportsbook Payouts

Many withdrawal methods are only available if you made a deposit in that method. This is most common with cryptocurrencies, as the sportsbooks don’t want you to be using their deposit and withdrawal methods as a form of arbitrage crypto trading, nor do they want to be a place where people can launder money into crypto. Sportsbooks are not a crypto exchange, and so they require that you deposit in crypto if you want to withdraw in crypto. This matters because crypto withdrawals are the best option on the table, and this provides another reason to deposit in crypto.

Sportsbook Verification Form Info

Each online sportsbook requires their users to send in a verification form. The old way of doing this was to download it off of their website, print it out, fill it out, and fax it back in, hence the name “Fax Back Form”. However, most sportsbooks no longer require an actual fax, as the form can now be filled out online. You can also scan the form and email it to the gambling site in order to cash out the winning. You will generally need to scan a copy of the credit card you are using and your photo ID and send these into your gambling site. Finally, some books require you to provide proof of address, which can be in the form of a utility bill.

Legalities Of Sportsbooks And Depositing Money

It is not illegal to deposit money into an online sportsbook. There are no states with laws against doing so. The UIGEA does not make it illegal to do, as it targets payment processors, not you. We know of nobody who was convicted or charged with a crime simply for depositing at an online sportsbook. That said, the security-minded try to use cryptocurrency, which adds a layer between themselves and their financial transactions.

Sportsbook Deposit Bonuses

Bonuses are available at many online sportsbooks, and they are a big reason why many players would choose one deposit method over another. Specifically, many online sportsbooks offer bigger bonuses for cryptocurrency than they do for other deposit methods.

Site: Bonus Name: Bonus Code: Percent Bonus:
Bovada Bitcoin Welcome Bonus BTCSWB750 75%
BetOnline Crypto Reload Bonus CRYPTO35 35%
BetOnline 1st Time Crypto Bonus CRYPTO100 100%
SportsBetting 1st Time Crypto Bonus 100CRYPTO 100%
SportsBetting Crypto Reload Bonus 35CRYPTO 35%
BetUS 100% Crypto Sports Bonus SU100CRYPT 100%
BetUS 100% 1st Crypto Sports Deposit Bonus RU100CRYPT 100%
BetUS 100% Crypto Sports Bonus on 2nd/3rd Deposit 100CRYPTO2X 100%
BetUS 20% Cash Bonus on Crypto Deposits RU20CASH 20%

What Does It Mean When My Credit Card Is Declined Despite Having Enough Funds In My Account?

Your credit card can be declined due to banking restrictions or your card issuer being unwilling to process payments for gambling sites. This can be a consequence of the UIGEA or the Wire Act, which are aimed at payment processors. This situation is easily alleviated via the use of cryptocurrency.