Written by:
Damjan Jugovic Spajic
Fact checked by:
Alex Windsor
Updated:
February 14, 2024

Your Guide to Minimum Deposit Betting Sites in the US

Minimum Deposit Betting Sites USA

Having a wager on your team this weekend doesn’t need to cost you your paycheck with these minimum deposit sportsbooks.

If you feel like that, you need a legal online sportsbook that will accept small deposits. Fortunately, some of the biggest and best names in sports betting will welcome small bettors by requiring between $5 and $25 in minimum deposits. Whether you are new to sports betting or just want to put a little on Sunday’s match, plenty of great sportsbooks will open their doors to you and may even give you a little welcome bonus code for joining.

Lowest Deposit Betting Sites: Top 5

  1. DraftKings Sportsbook
  2. BetMGM Sportsbook
  3. Caesars Sportsbook
  4. FanDuel Sportsbook
  5. bet365 Sportsbook

DraftKings Sportsbook

4.8/5
  • Minimum deposit $5
  • Sleek and easy-to-use user interface
  • Plethora of betting options
  • Range of regular promotions
  • Limited withdrawal options
  • Needs a better rewards system
Bet $5, Get $150 In Bonus Bets
Play Now

FanDuel Sportsbook

4.7/5
  • Minimum deposit $10
  • Vast coverage of sporting markets
  • Supports ewallets & traditional payment methods
  • Promotions are kept exciting
  • App layout is a bit cramped
  • No NFL live streaming
No Sweat First Bet Up To $1,000
Play Now

BetMGM Sportsbook

4.6/5
  • Minimum deposit $10
  • Plenty of payment methods available
  • Well-designed Android & iOS app
  • In-Game wagering
  • Football live streaming is not available
  • Customer service contact has to go through FAQs
Bet $5, Get $150 in Bonus Bets
Play Now

bet365 Sportsbook

4.5/5
  • Minimum deposit $10
  • Huge welcome free bet
  • Big sport market coverage
  • Easy and fast banking options
  • Few promos for existing players
Bet $1 receive $365
Play Now

Caesars Sportsbook

4.4/5
  • Minimum deposit $10
  • Reliable and user-friendly app
  • Most lucrative first bet promotion in the market
  • Huge market depth and coverage
  • Best rewards program in the industry
  • Experience can vary per state
  • Frequently changing its features
$1,000 First Bet on Caesars
Play Now
🏈 Sportsbook✅ Visit💵 Minimum Deposit🎁 Welcome Bonus*💳 Banking Methods
DraftKingsSign Up$520% Up To $1,000 Deposit BonusCash at Cage Pay+ Credit/Debit Card PayPal
FanDuelSign Up$10No Sweat First Bet – Get Up To $1,000 in free bets if your first bet doesn’t win.Cash at Cage Pay+ Credit/Debit Card PayPal
CaesarsSign Up$10Up To $1,250 in bet credits.Cash at Cage Pay+ Credit/Debit Card PayPal
BetMGMSign Up$10$1,000 Bonus BetCash at Cage Pay+ Credit/Debit Card PayPal
bet365Sign Up$10Bet $1, Receive $365Cash at Cage Pay+ Credit/Debit Card PayPal

*Welcome bonuses can vary from state to state, so check on the operator’s site to see which offer you can claim before registering.

America loves its sport like few other nations in the world. From the Super Bowl, which drew in almost 115 million football fans in 2023, to baseball, which is so popular it’s known as “the national pastime”, through basketball and hockey; the competitive drive of the American people is a fundamental part of their cultural identity.

And no question putting a wager on a game you care about adds a little thrill and makes you feel like you’re part of the action. Becoming more invested in the outcome. But most of us just want to spice up our viewing pleasure a little. We’re not looking to risk serious money. Hundreds of dollars riding on the outcome would make watching more of an anxiety-inducing experience than a pleasure.

All you need to do is ensure you pick the right sportsbook before registering. Not all sports betting operators allow low deposit thresholds. And many of those who do are illegal offshore sportsbooks. These sites may offer tiny deposit options but are not subject to any regulation. Any information you give to them may get sold on, and you should not expect these businesses to treat players fairly.

And that’s why you’re a smart player already because you’ve found your way to our site first. We will guide you to safe, legal gambling operators who allow low deposits: no need to risk your money and personal information playing with offshore crooks. We can help you find the most reputable operators happy to take small bets.

Best Small Betting Sites in the US

Now, let’s head into our reviews of small betting sites with deposits as low as $5.

1.🥇DraftKings Sportsbook: $5 Minimum Deposit

DraftKings was an internationally renowned brand long before it moved into the sportsbook market. They are one of two brands that have come to dominate the Daily Fantasy Sports market. DraftKings Sportsbook has become such a significant player in this market that few other fantasy sports brands have gained any traction or public recognition.

DraftKings has drawn on that experience when entering the legal US sports betting market. They are licensed in more states than any other minimum deposit sportsbook app that we are looking at. They offer the lowest minimum deposit limits of any of the most popular online sportsbooks we list at only $5. So if you’re looking to stretch a buck and get some action on today’s game but want to ensure that you are only gambling what you can afford, DraftKings online sportsbook offers one of the best available options.

Alongside sports betting and daily fantasy sports competitions, DraftKings also holds online casino licenses in 4 of the 6 states regulating online casino gambling. This means that DraftKings offers players the flexibility to access different types of gambling that few other providers can offer. If you’re a horse racing fan and want to get into micro bets or pool betting, you can also check out the DK Horse Racebook app.

2. 🥈FanDuel Sportsbook: $10 Minimum Deposit

FanDuel is the other Daily Fantasy Sports operator. FanDuel and DraftKings account for more than 90% of the US daily fantasy sports market, leaving less than 10% of the market to be divided between all other DFS operators. With that kind of pedigree behind them, it’s little surprise that FanDuel was quick to enter the legal online sportsbook market when it opened up.

With sports betting licenses in over 16 states, FanDuel Sportsbook is already available in most states that have licensed online betting. They are one of the dominant brands in the market, and their profile is only likely to grow as more states license.

FanDuel offers a slightly higher limit of 10 dollar minimum deposit. This minimum is a little higher than some of the sportsbooks we list here but is still likely low enough that most players will be comfortable with this limitation.

FanDuel also offers a well-respected online casino option, available in 4 of the 6 states that offer legal online casinos. So if you are lucky enough to live in Connecticut, Michigan, New Jersey, or West Virginia, you’ll also have the option to try your favorite casino games at the same time as betting on your favorite sports teams.

3. 🥉Caesars Sportsbook: $10 Minimum Deposit

Caesars is one of the most recognizable brands in gambling. Full stop. Caesars Entertainment is one of the most recognizable brands in gambling and can fairly be described as a household name. Few other operators can claim the level of prestige and standing that Caesars has. With nearly 50 offline casinos and resorts spread across the US, Canada, and the UK, very few online sportsbooks have the history and market experience that Caesars brings to the table.

Caesars Sportsbook and its dedicated sports betting app are already licensed in over 15 states, allowing millions of Americans to access a legal and regulated online betting site any time of the day or night, straight from their mobile phone. packed full of features like cash out, in-game wagering, and hundreds of betting markets, it’s not hard to see why the book is so popular with US bettors.

With a minimum deposit of $10, the Caesars app is a little more expensive than a couple of the sportsbooks on our list but is still well within the affordability range for most sports fans.

It’s also worth remembering that the Caesars Reward program allows you to earn comp points not only for your play online but in any of their resorts as well. So any play you engage in online could help cover the cost of your hotel on your next holiday.

4. BetMGM Sportsbook: $10 Minimum Deposit

Alongside Caesars, BetMGM represents one of the megabrands of the gambling industry. Not quite as old as Caesars, MGM Resorts International still has 35+ years of experience, employs almost 75k people, has annual revenue in the tens of billions range, and operates some of the biggest and best-known casino resorts in the world. They are unquestionably one of the best-established gambling operators in the market today.

The BetMGM sportsbook app already holds licenses to accept players from 16 states and has also picked up a license for the first state in Canada to regulate Ontario. So a legal online betting site can be accessed from states all over the US quickly and easily from iOS or Android mobile phones.

BetMGM sportsbook has a $10 minimum deposit amount. This isn’t the lowest amount on our list, but it is competitively low. Feel free to deposit only what you are comfortable with when playing with BetMGM.

Alongside this, the MGM Rewards program allows players to earn rewards for playing online on their mobile app or offline at their resorts and casinos. So your play online could help you get discounted or free hotel rooms next time you take a trip to one of their many offline locations.

5. bet365 Sportsbook: $10 Minimum Deposit

bet365 is the biggest sports betting operator in the world and is now live and available in the United States. Since launching in New Jersey in 2019 the brand has since expanded into eight other states; Arizona, Colorado, Indiana, Iowa, Kentucky, Ohio, Virginia, and Louisiana. With a firm footing in the US now in place, bet365 will be looking to compete with established brands such as DraftKings and FanDuel.

Anybody who is located in these states can legally access the top quality bet365 app, which makes wagering on your favorite sports and leagues simple. The operator is renowned in Europe for covering a huge amount of markets alongside unique betting options, and this has been replicated since they launched in the States.

There is a $10 minimum deposit amount required when you create a new bet365 account. Although, as you can see above, it isn’t the lowest minimum deposit amount on this list, it is still extremely competitive. If you are ready to play at bet365, I can fully recommend the sportsbook as they really do make everything as straightforward as possible to place a bet with helpful menu reminders and an innovative, easy to use betslip.

What is Considered a Low Minimum Deposit for Betting?

What constitutes a low minimum deposit sportsbook will vary from player to player, depending on what you feel is an affordable betting level. But certain standard levels across the industry define some sportsbooks as having low minimum deposits. These sportsbooks are more friendly to small bettors, facilitating all betting levels rather than dismissing players who only want to place a small wager on Sunday’s match.

Generally, it is typical for betting apps to require a minimum deposit of $20 but minimum deposit amounts vary. As such, we’ve looked to find sportsbooks that will allow you a smaller deposit than this, but we didn’t spot any $1 minimum deposit sportsbook. We view any sportsbook that allows a minimum deposit of $10 or less to be a considered minimum deposit sportsbook site and a great place to start for anyone who is just starting out wagering on sports. Why risk more money than you have to before you’ve even figured out how you want to play?

Why You Can Trust Minimum Deposit Betting Sites We Recommend

We’ve gone to great lengths to recommend some of the minimum deposit sportsbook sites. But why should you trust the opinions that we give? There are hundreds of sites out there recommending gambling operators to players, many giving terrible advice and sending players through to sportsbooks that will not treat them well. What makes us different?

We only promote licensed small betting sites

The black market has been thriving in the US ever since the Unlawful Internet Gaming Enforcement Act was enacted in 2006. This illegalized online gambling in the United States of America. In response, a criminal market developed, full of gambling businesses subject to no regulation whatsoever. You can guess what happened next; these gambling operators started to cheat players and exploit gambling addiction.

Since then, many states have legalized various forms of online gambling. Sports betting, lotteries, online casinos, and even daily fantasy sports leagues – the availability of licensed and regulated online gambling is rapidly growing. However, the black market still exists and is still a severe threat to players.

We only work with licensed online betting sites. No exceptions. Any sportsbook you see discussed on this site will be fully licensed and has to answer to the regulatory authorities in the states they accept players from. They are subject to strict regulation and can face serious financial consequences if they fail to keep your personal information secure or do not take appropriate measures to protect vulnerable players. They have to cooperate with industry bodies to ensure that the sports events they allow bets on are fair and uncompromised. They have to be open and transparent with the agencies that oversee the financial integrity of their business practices. Furthermore, we aim to present sportsbooks that offer the highest odds, so you can make the most out of smaller bets and deposits.

The black market is the single biggest threat to any player. We only work with or recommend licensed betting operators. You should not trust any site willing to recommend unlicensed operators to players.

We ensure there is a variety of low minimum deposit banking methods

When we choose an online sportsbook to recommend, we ensure that the operator offers plenty of different options for depositing and withdrawing. Everyone has their preferences, and different situations will make one payment option or another more convenient. By ensuring that the operator offers lots of deposit options, we ensure that you can find one that best suits you.

We only recommend platforms with over 18 betting markets

If you’re going to join a sportsbook, you want to know that its coverage of the sports markets is comprehensive. It would be frustrating to sign up only to find that your favorite sport or team isn’t available to bet on. That’s why we select sportsbooks that cover a lot of different betting markets: to give you the options you are looking for. To ensure that you can get your bet out on your team and feel the thrill of winning with them.

And a range of betting options

The best sportsbooks offer a range of different betting options, allowing you to customize your bet. You should be able to choose a handicap bet or a specific score. Who scores first, or how long the match will take. Total points scored, or any of dozens of other options. Variety is the spice of life, and any sportsbook we recommend will offer you plenty of variety.

Our team secures free bets to boost your bankroll

Our team is constantly working on trying and getting you better promotions and offers from the book we work with. We work hard to get the online sportsbooks to offer our visitors something extra. So it’s always worth checking back with us to see what new deals are on offer, and often you will be able to get a better bonus by signing up through us than you will going directly to the sportsbook. Things like free bets come in handy in pretty much every situation, and especially so if you’re subscribed to a matched betting strategy.

Can I Bet Online without a Minimum Deposit?

It is very unusual for any legal online sportsbook in the US to allow players to place any bet without first making a deposit. Plenty will offer you free bets if you meet specific criteria, for instance, once you have wagered a certain amount or lost your first bet. But by and large, you must have placed some real money bets before gaining access to these types of offers.

This is not an absolute rule. Every once in a while, one of the sportsbooks will offer a no deposit free bet offer, so you should keep your eyes open for them, but we wouldn’t recommend waiting for one to turn up. You could be waiting for quite some time.

Betting Offers for Low Minimum Deposits

Even with low minimum deposits, it’s possible to get exciting small minimum deposit promotional offers that will help you get more entertainment out of your money.

The most common type of bonus offered by online sportsbooks in the US are bonus bets after a loss. It works like this; You deposit and place your first bet. If your bet loses, the sportsbook gives you a free bet to wager on another event of equal value. So if your first bet is $5, and you lose, you get a second chance with another $5 bet. Making your first bet a bonus bet.

Another common type of bonus is the deposit match. This means that the sportsbooks will add a bonus to your account when you make a deposit amounting to a specific percentage of your deposit. So if the bonus is 20% and you deposit $10, you’ll receive a bonus of $2 to play with.

Remember that all promotions will come with associated terms and conditions. Make sure you read the terms and conditions and follow them! You don’t want to be disappointed later when you don’t get paid because you didn’t follow the terms!

How to Start Betting with a Limited Bankroll

It’s really easy to start playing at a sports betting site with a small bankroll. Just follow these simple steps:

1) Select one of the sportsbooks in our list.

2) Click our link to move through to the sportsbook site.

3) You can play onsite via your web browser or download the sportsbook app. Whichever you prefer.

4) Click the register or join now button.

5) Fill out your account information.

6) The sportsbook will send a verification email to your email address. Be sure to check your spam folder!

7) Select your preferred deposit method. The one that’s most convenient for you.

8) Claim your sportsbook bonus. You may have to enter a bonus code, or the bonus may be awarded automatically.

So how do you deposit to the sportsbook now that you’ve selected one? For obvious reasons, online gambling operators look to make depositing funds to your account as quick and easy as possible, but there are still many banks that don’t accept betting transactions. Their business is you playing, so they want you to be able to get started immediately.

Below you can find brief descriptions of some of the banking options that are commonly available at legal US sportsbooks:

Cash at Cage: Legal online gambling operators must be partnered with an offline gambling retail operator in the state in which they are licensed. That means that you can go into the offline casino or sportsbook and make a deposit to your online account quickly and securely at their cash cage. You can also withdraw funds in the same way.

eChecks: An increasing number of sportsbooks have started accepting electronic checks or eChecks as a payment method. Through eChecks, you fund your sportsbook account directly from your checking account, with the main advantages of this payment method being security and convenience.

Credit or Debit Cards: Generally, you can deposit at the sportsbook’s cashier system using your credit or debit card. This is just the same as buying anything else online. You should note that American Express does not support payments to gambling businesses.

Play+: These are prepaid cards that you can get at the retail location associated with the sportsbook. Just load up the card, and you should be able to use them in your online account. Be aware that Play+ cards are tagged to one operator. You need a different Play+ card for each sportsbook.

PayPal: With almost 60% of Americans already holding a PayPal account, the gambling industry quickly embraced this payment method. Quick and secure, PayPal is the most popular of the ewallet services and allows you to deposit from your bank account or debit card without giving over your banking information to the sportsbook.

Wire Transfer: Most sportsbooks will facilitate an online bank transfer straight from your bank account. This quick and easy deposit method will also ensure you can cash out your winnings directly to your bank account.

Betting Tips and Strategies for Budget Betting on Small Betting Sites

1) Know before you play how much you are happy to spend.

2) Stick to that budget. Never dip into other funds to play.

3) Keep your gambling money separate from other money.

4) Bet small amounts – your money will last longer.

5) Try to keep your bets the same size. If you place larger bets on some events, you will likely experience more variance. You might win bigger, but you also risk depleting your bankroll quicker.

6) Avoid combination bets. Stick to straightforward one team/player to win or lose. Accumulator-type bets, where several teams have to win or several different events have to happen for you to win, not only increase the variance of the wager, they generally increase the advantage the sportsbook has over you.

If you’re more of a casino player, check out our minimum deposit casino guides:

FAQs

  • Which sports betting site has the lowest deposit?

    DraftKings sportsbook has the lowest deposit for a US betting site at just $5.

  • Which US sportsbooks take $1 minimum deposits?

    We are unaware of any legal online US sportsbooks that will allow a deposit of less than $5. Some illegal sportsbooks may accept deposits this low, but when you play with the black market, you risk having your personal information sold or illegally used, or simply not getting paid if you win. Any advantages that illegal sports betting sites might appear to have are simply a con to get you to sign-up. Always stick with legal and licensed sportsbooks.

  • Can I bet online with just $10?

    Of course you can. There are plenty of legal and licensed online sports betting apps that will accept a deposit of $10. Some will even accept deposits as low as $5. Once you have made your deposit, you can choose how much you wager in any specific bet. If you’re starting with a low bankroll, like $10 we advise keeping your bets as small as possible.

  • What are the best betting sites for low rollers?

    In our opinion, the best betting site for low rollers is DraftKings. With a super low minimum deposit of $5, they cater to effectively any budget. You can always keep your betting inside your affordability range.

    PointsBet also offers a $5 minimum deposit, but players should be aware that their unique point betting system is higher risk than other types of sports betting. It is likely to align poorly with someone who considers themselves a low roller.

  • Yes and no. It depends on the state you live in. At the moment, over 25 states have legalized online sports betting. They are as follows:

    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maryland
    • Michigan
    • Nevada
    • New Hampshire
    • New Jersey
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Rhode Island
    • Tennessee
    • Virginia
    • Washington D.C.
    • West Virginia
    • Wyoming

    There are legal online sportsbooks and betting sites in all of these states, though the options available will vary from state to state.

    In all other states, online sports betting is currently illegal, but it is likely that many more states will license online gambling over the next few years.

  • What does no minimum deposit sports betting mean?

    Just what it sounds like – being able to bet on sports without the restriction of minimum deposits being required.

    However, the reality is that there is almost always a minimum deposit amount. If you look around or use the resources on this page, you can find online sports betting sites that offer very low minimum deposit amounts. Low enough that practically there is no minimum deposit restriction.

    Very occasionally, you will find an actual no minimum deposit sportsbook situation, where a sportsbook offers a free bet just for signing up. No deposit is required. These opportunities are few and far between, so you should keep your eyes peeled for free bets like this.

  • What is the minimum deposit at sports betting apps?

    If you are looking for a sports betting app that will allow you to deposit a small amount, the lowest minimum deposits you will likely find will be either $5 or $10.

    We’ve provided multiple great choices on this page, with DraftKings being the best, with a minimum deposit of only $5. Choose the best app for your financial comfort level, and you will have a far happier wagering experience in the long run.

AUTHOR
Damjan Jugovic Spajic

A soccer and eSports fan who always roots for the worst possible teams, Damjan is a resident writer and contributor at Minimum Deposit Betting Sites. With over 5 years of experience in the online casino and sports betting industry, he largely focuses on writing reviews and testing out bookmaker transaction processes.