PayPal is now accepted by almost every major online sportsbook in the US. We explain how it works and which online sportsbooks offer it as a payment option.
BettingScanner's verdict: 9/10
This sports betting giant has finally arrived on American shores!
The global brand which boasts over 45 million customers worldwide is still a relative unknown in the US, but with the company's track record in other markets, we expect this is just the beginning of their US journey.
Bet365 are operational in the following states:
BettingScanner's Verdict: 8/10
Unibet belongs to Kindred Group - an online gambling operator based in Malta. Unibet launched its website in 1999. The Company now has offices in the UK, US, Italy, Australia as well as many others.
| Website: pointsbet.com | Founded: 2017 |
| Owner: Pointsbet | Headquarters: New Jersey |
BettingScanner's verdict 9/10
Pointsbet is an Australian company, that launched in the US in 2019. The sportsbook places a heavy emphasis on point spread betting, a unique form of betting where you are rewarded, or docked points, according to how wrong or right a bet was.
DraftKings is the largest fantasy sports operator in the US. Since 2018, they have established themselves as one of the country's most successful online sportsbooks. According to BettingScanner's 2020 survey, DraftKings can boast the country's highest brand awareness at 44%.
The New York-based company began life as a daily fantasy sports provider but now can claim to be the country's most popular sportsbook. According to BettingScanner, it enjoys the second highest brand awareness rate in the US (41%), and the highest number of active users of any sports betting site.
BetMGM is owned by MGM Resorts International, and has expanded their vegas brand across the US, becoming on of the biggest betting sites in the country.
The iconic brand's transition into the online sports betting world has been seamless. Its NJ sports betting app is one of the most highly rated in the state.
PayPal is the most trusted online payment service for transferring funds to and from online sportsbooks.
Since the US Senate withdrew the ban on sports betting in 2018, there has been a complicated and protracted process of state-by-state legalization. Now, three years later there are over a dozen states that have allowed legal online sports betting.
If you are in one of these states, you should be allowed to transfer funds directly from your bank account to your online sportsbook. However, the reality is that many US banks have simply not kept up with the legislative changes sweeping the US and routinely block Visa and Mastercard transfers to online sportsbooks.
This is the reason why safe, alternative payment methods such as PayPal are so popular; by acting as the middleman they circumvent any restrictions placed on these transfers by the banks.
Advantages with PayPal 👍
Disadvantages with PayPal 👎
Not all sportsbooks accept PayPal for welcome bonuses
PayPal charges a 2.9% deposit fee if you deposit with Visa/Mastercard
PayPal is arguably the most popular payment methods for depositing and withdrawing funds, but before you sign up to PayPal it is important to have done your research. Here are your most frequently asked questions on the topic.
Yes. PayPal is trusted by both banks and online sportsbooks, which means you can enjoy fast and seamless transactions.
They also boast world-class encryption technology which adds an extra layer of security between your bank account and your sportsbook of choice.
Most major online sportsbooks offer PayPal as a payment option including Bet365, FanDuel, DraftKings and PointsBet.
Most major legal online sportsbooks now accept PayPal as a payment method for depositing and withdrawing funds. They include
Bet365 → The British sportsbook was one of the first to accept PayPal payments in the US thanks to its longstanding partnership with payment provider in other markets.
Unibet → The European online sportsbook now accepts PayPal transfers in Pennsylvania, Indiana and New Jersey.
DraftKings → The fantasy sports operator and sportsbook offers PayPal as an option in a large number of states.
FanDuel → The largest online sportsbook has accepted PayPal payment since 2018.
PointsBet → The Aussie sportsbook is now active in a number of states including Indiana, Illinois, New Jersey, Pennsylvania and Michigan.
Yes. PayPal is a secure payment service used by millions of people across the globe.
The following online sportsbooks accept PayPal as a payment provider:
You will first need to set up a PayPal account which you can do by visiting their homepage and sign-up using your e-mail address. You can then connect your bank account to your PayPal account and make your initial deposit.
You can then log onto your sportsbook account and select PayPal as a payment option.
Yes, almost every major online sportsbook offers PayPal as a withdrawal option.
Bet365 → The British sportsbook was one of the first to accept PayPal payments in the US thanks to its longstanding partnership with payment provider in other markets.
Unibet → The European online sportsbook now accepts PayPal transfers in Pennsylvania, Indiana and New Jersey.
DraftKings → The fantasy sports operator and sportsbook offers PayPal as an option in a large number of states.
FanDuel → The largest online sportsbook has accepted PayPal payment since 2018.
PointsBet → The Aussie sportsbook is now active in a number of states including Indiana, Illinois, New Jersey, Pennsylvania and Michigan.
Yes. PayPal is legal in New Jersey and the following NJ online sportsbooks accept it as a payment method
PayPal is the safest and most reliable payment option if you cannot complete a transfer via Mastercard or Visa.
The payment service has been the darling of the sports betting market for over twenty years and has now established itself as the go-to provider in the US sports betting industry.
The antiquated regulation surrounding the US banking system has left thousands of bettors all over the country unable to complete transfers to their sportsbook using their Visa or Mastercard. This has opened up a market for alternative payment methods; a vacancy PayPal was more than equipped to fill.
PayPal has been operational for twenty years and boasts over 300 million customers around the world. Add to this their state of the art encryption technology, and you have the perfect service for transferring funds between your bank and your sportsbook.
At BettingScanner we are here to help. However, when it comes to depositing with PayPal it really couldn't get much easier.
The only downside with depositing funds into your sportsbook using PayPal is that you will be charged 2.9% of the total if you use your Visa/Mastercard.
This is why, if it is possible, we would recommend you link your bank directly to your PayPal account.
Other online payment services like Skrill charge you on withdrawal which can be advantageous when it comes to sports betting because this means that that you are only charged a fee if you win.
The new payment option promises to be the easiest and most reliable platform in the sports betting industry. Read more
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Great Casino
Early Payouts & Live Betting
Now a Fanatics Experience
Now BetMGM
Great for Betting & DFS
Best Mobile App
Every sportsbook will have a slightly different process for withdrawing funds from their account. However, once you have used your sportsbook's product a few times you should be able to easily navigate the withdrawal process. If you have selected PayPal as your preferred payment method, then your sportsbook should automatically select it for withdrawal.
The transfer of funds can take a few business days.
Once you have received your funds into your PayPal account you can then spend it using PayPal. However, if you would like to send it to your account then you should follow these steps:
Here's how to withdraw funds through your PayPal app:
The initial transfer of funds from your online sportsbook to your Paypal can take between 1-3 business days.
If you have connected your PayPal to your bank account via your Visa or Mastercard then a transfer from your PayPal account will take an additional 1-3 business days.
If you have set up a direct transfer between your bank account and your PayPal account then your money should be in your account within 30 minutes.
There are twelve states in total where you can wager using PayPal. They include:
New Jersey → PayPal is licensed by the New Jersey Department of Banking and Insurance.
Pennsylvania → PayPal is regulated by the Pennsylvania Department of Banking & Services.
Indiana → PayPal is regulated by the Indiana Department of Financial Institutions.
Nevada → PayPal is regulated in Nevada by the Nevada Financial Institutions Division.
West Virginia → PayPal is regulated in Nevada by the West Virginia Division of Financial Institutions.
Virginia → PayPal is regulated by the Virginia Bureau of Financial Institutions in the State of Virginia.
Michigan → PayPal is regulated by the Michigan Department of Insurance and Financial Services in the state of Michigan.
Colorado → PayPal is regulated by the Colorado Division of Banking in the state of Colorado.
Tennessee → PayPal is regulated by the Tennessee Department of Financial Institutions in the state of Tennessee.
Illinois → Paypal is regulated by the Illinois Department of Financial and Professional Regulation in the State of Illinois.
Iowa → PayPal is regulated by the Iowa Division of Banking in the State of Iowa.
PayPal is a much more reliable and slightly safer alternative to transactions between your sportsbook and your bank via Visa or Mastercard.
It can be a real headache trying to deposit money into your sportsbook account using your card, even when you are in a state where sports betting is completely legal and your sportsbook is fully licensed.
This is not to say that your Visa or Mastercard will not work, but it's very likely that there will be an issue with the transaction. This is because the US banks are not always updated on the changes in legislation that have occurred since the federal ban was removed in 2018.
You can forget about withdrawing cash via your Mastercard or Visa.
Even if your sportsbook and bank allow the transaction - which is very unlikely - you will face huge fees.
This is why PayPal is one of the best alternatives out there. It offers fewer transactions fees and greater availability that your Visa or MasterCard. It also adds an extra layer of security to your transaction.
It should be easier for you to transfer funds from your bank account to your sportsbook. using your Visa or Debit card.
But the reality for most bettors is that this simply is not a viable option since banks often do not allow transfers to sportsbooks.
This leaves you with the middlemen of which PayPal is considered the best.
Skrill is another popular payment option, which provides a very similar service. Here is how they perform against each other in a number of different areas.
PayPal and Skrill are both incredibly safe and secure. They are licensed in almost every state in the US and have an outstanding record.
The two payment services also use state of the art encryption which means that you have an added layer of security on top of your transactions.
Result: a draw
Skrill's product is incredibly slick and easy to navigate. It is a simple design that works and inspires trust in the customer.
PayPal's graphic profile is easily recognized. It is, like Skrill, simple but looks great.
Result: It's a close one, but we think Skrill edges it
This is where PayPal comes into its own. The payment provider is simply everywhere, from New Jersey to Michigan. It is also available at almost every major online sportsbook in the country.
Skrill is, so far, only available at four licensed online sportsbooks in the US.
Result: PayPal wins this category outright
This is where PayPal comes into its own. The payment provider is simply everywhere, from New Jersey to Michigan. It is also available at almost every major online sportsbook in the country.
Skrill is, so far, only available at four licensed online sportsbooks in the US.
Result: PayPal wins this category outright
PayPal charges you 2.9% on any deposit. This is a reasonable rate, but for sports betting it can be frustrating as you may go on to lose the deposit on a bet.
Skrill on the other hand charges you a flat $5.5 withdrawal fee. This is quite a sizable amount if you are into smaller wagers. However, at least you only pay when you've won or cut your losses.
Result: Skrill wins. We would rather pay up when we win.
Founded: 1998/1999
Headquarters: San Jose, California
Employees: 22,000
Global Customers: 300+ million
Sponsors: Phoenix Suns
PayPal Deposit Fee: 2.9%
FanDuel → One of the best-known sportsbooks in the country has long offered PayPal for both it's Daily Fantasy Sports and Sportsbook products.
DraftKings → Whatever FanDuel does DraftKings will too.
Bet365 → The British sportsbook has worked with PayPal for many years, so it makes sense that they were one of the first to sign with PayPal in the US.
PointsBet → Now active in a number of states including IN, NJ, IO, IL, MI and CO, the Aussie sportsbook accepts PayPal payments in all of them.
Unibet → Another established European sportsbook setting up shop in the US. PayPal is available with Unibet in NJ, PA and IN.
BetMGM → The third-largest sportsbook in the country now offers PayPal payments.
SugarHouse → The online sportsbook owned by Rush Street Interactive was the first to launch in PA and offers PayPal as a payment method.
Fox Bet → The sportsbook was launched in 2019 when Stars Group merged with Fox. PayPal is one of its preferred payment methods.
Caesars → The famous Vegas casino is now online and active in Nevada and New Jersey and offers PayPal as a payment method.
Copyright © bettingscanner.com
Change language
ブックメーカー
