Written by:
Damjan Jugovic Spajic
Fact checked by:
Alex Windsor
Updated:
May 21, 2024

Best Sportsbooks with a $1 Minimum Deposit Option

The idea that all sports bettors are big spenders who can afford to carelessly splurge massive amounts of cash on their bets is a myth. These sportsbooks below all allow you to bet small. We have reviewed and rated all the top $1 minimum deposit betting sites & sportsbooks from trusted US operators.

Luckily for us, the many betting enthusiasts not keen on breaking the bank, most US betting sites focused their improvement on generosity. Although we all know that sportsbooks and casinos are not known as never-ending sources of altruism, the recent surge of generous welcome offers, odds boosts, and low deposit limits are more than evident.

Thanks to this recent wave of liberality, bettors can now set up accounts and test the betting waters by depositing low amounts of money. And while finding a $1 minimum deposit sportsbooks in the USA can turn out to be a hundred-to-one shot at the moment, the betting market offers a long list of highly reputable betting sites where bettors can test their favorite betting strategy by making minimum deposits as low as $25, $10 or $15.

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
Bet $5, Get $200 In Bonus Bets
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
Up To $1,500 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

From the size of the catalog of their betting markets to the available free bet promo offers and the mobile app reliability, top-rated USA sportsbooks stand out for numerous reasons. Although usually not listed as the most important one, the minimum deposit limit is one of those reasons that a high percentage of new bettors might consider essential.

Although there were times when low deposits used to be associated with low-ranked online sports betting sites and online casinos, thanks to the incredible rise of the sports betting industry, it’s now safe to say that those days are far behind us.

Bettors looking for a low minimum deposit sportsbook or low minimum deposit casino can now choose between a long list of top-rated gambling platforms.

🏈Sportsbook💵Minimum Deposit Limit
DraftKings$5
BetMGM$10
FanDuel$10
betway$10
Caesars Sportsbook$10
Borgata Sportsbook$20
bet365$10
BetRivers$10

Best $1 Minimum Deposit Sportsbooks Reviewed

Finding a sports betting site where the lowest minimum deposit sportsbook limit is $1 at the moment is practically impossible. However, there are numerous options of top-rated sports betting sites that allow low deposits, with some of them going as low as just $5.

Here are the top 5 low minimum deposit betting sites that you can legally access from several states.

1.🥇DraftKings 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

Just a few years ago, bettors couldn’t even dream about enjoying the perks of betting at one of the safest and most secure sports betting sites by depositing only $5. Today, they can head over to DraftKings and get the opportunity to explore the thousands of different sport betting markets.

By providing its bettors with an impeccable gambling experience, a plethora of online banking methods, and the lowest minimum deposit limit in the country, DraftKings has become a go-to sports betting site for millions of bettors.

At DraftKings, bettors can start their sports betting journey by depositing just $5. The list of accepted deposit methods with a minimum deposit limit of $5 includes almost all of the most familiar options. Let’s check them out together.

Thanks to the low dollar deposit limit, new bettors can create an online betting account at DraftKings and enjoy betting with the massive catalog of available betting options by spending as little as 10 cents on a bet. DraftKings not only has the lowest minimum deposit limit in the industry but also enables users to be eligible for the generous welcome bonus in which each new customer gets a 20% bonus up to $1,000 on their first deposit and $50 in free bets.

2. 🥈bet365 Sportsbook

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

They may be a relatively new name to US sports bettors, but bet365 is the largest sports betting operator in the world. They have gained an excellent reputation across Europe, particularly in the UK, by offering an excellent mobile app which covers a huge range of sports markets. Anybody located in Colorado, Iowa, Indiana, Louisiana, New Jersey, Ohio, Virginia or Kentucky can legally access the bet365 sportsbook and app.

The minimum deposit amount for bet365 is set at $10, and although this isn’t as generous as DraftKings, it still lines up well against competitors. Another impressive aspect of using the bet354 sportsbook is the visuals. It looks and feels outstanding and is such an easy site to use. You can find player props, parlays and more exotic bet types instantly.

Additionally it is also really simple to deposit using any of the options listed below:

Once you feel comfortable enough to deposit $10, you can choose whichever sport you want to wager on from across the world. As we mentioned above, the sheer choice bet365 offers is among the best around, so you won’t be short of options.

3.🥈FanDuel Sportsbook

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
Bet $5, Get $200 In Bonus Bets
Play Now

By giving bettors an opportunity to take advantage of boosted odds and various exciting promotions in nearly 20 states across the country, FanDuel has put in enough work to be crowned as America’s top sportsbook according to millions of bettors.

Although the minimum deposit limit at FanDuel is not as low as the one at DraftKings, and definitely not just 1 dollar, it offers its users a wide selection of banking methods that accept deposits as low as $10. The depositing process is very straightforward, and the processing times are instant for all the deposit options listed below.

By depositing the minimum deposit amount at FanDuel, bettors can bet on a massive selection of sports games from competitions from all across the globe. The choice of available sports betting markets is among the best in the country, and the frequent odds boosts provide bettors with lucrative opportunities.

By depositing the minimum deposit amount of just $10, each bettor at FanDuel becomes eligible for the well-known No Sweat First Bet promo, which allows bettors to receive up to $1,000 back in bonus bets if their first bet ends up being a loss.

4. BetMGM Sportsbook

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
Up To $1,500 in Bonus Bets
Play Now

When one of the leading names in the gambling industry launches a state-of-the-art sports betting platform available to bettors in 18 states, you can rest assured that you’ll be getting a premium experience. The minimum deposit is just $10, and you can enjoy one of the most comprehensive sports coverages on the betting market.

Starting your betting journey at BetMGM is quick and easy. Downloading the app, creating your sportsbook account, and making your first deposit won’t take more than 10 minutes. When you sign up at BetMGM, you don’t only get access to the betting markets in one of the fastest-growing betting sites in the country, but you also get automatically enrolled in the generous MGM Rewards program.

BetMGM has an extensive list of available deposit methods with a minimum deposit limit of just $10. Each deposit method has an instant processing time and comes without additional fees. Here are all the banking options that allow making minimum deposits.

New users who make an initial deposit of at least $10 at BetMGM will also become eligible for the welcome offer and receive up to $1000 back in bonus bets if they lose their first bet.

5. Caesars Sportsbook

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

If you are searching for a sophisticated sports betting site with great sports coverage, competitive odds, free cash promos, and a generous welcome offer, but you don’t want to deposit lots of money, then it’s time for you to Go Full Caesar.

By making the minimum deposit of just $10, bettors at Caesars get access to an online betting site that covers all the most popular sports and leagues from all over the globe and offers various special promos for the most exciting matchups from competitions like the NBA, NFL, MLB, MLS, and NHL. Caesars also has a massive catalog of betting markets that includes all the betting type classics such as Moneyline bets, Point Spread bets, Over/Under bets, Futures bets, Player, Team, and Game props, Parlay bets, and more.

The deposit process at Caesars is simple and enables bettors to fund their accounts in less than a few minutes. The minimum deposit limit for each payment method is $10, and the list of currently available methods includes:

By making the minimum deposit, each new user at Caesars Sportsbook will also become eligible for the welcome offer and get a first bet on the house for up to $1,250. Besides that, the sportsbook will also give each new user 1000 Reward Credits & 1000 Tier Credits.

Benefits of Betting with a $1 Deposit Amount

There are many benefits associated with minimum deposit sports betting. The online betting industry is home to millions of bettors and for a large percentage of them, sports betting is nothing more than just a newfound hobby. Thanks to the large number of low deposit betting sites and casinos, bettors can enjoy responsible online gambling without putting themselves in a position to lose large amounts of money.

Although every licensed online sports betting platform guarantees the safety of the data provided by its clients, there are still people out there who are a bit skeptical when it comes to adding large sums of money into their gambling accounts and virtual wallets. Making the $1 minimum deposit allows such bettors to place bets without worries and curb their potential losses. Low deposit amounts also allow for effective micro betting approaches.

At this particular moment, there aren’t any licensed sports betting sites with a $1 minimum deposit amount, but there are a lot of low deposit sportsbooks with deposit limits as low as $5. Due to the low deposit limits at online betting sites, bettors now have an opportunity to create a betting account on multiple sports betting sites and test their favorite betting strategy before making their final choice.

By depositing the minimum, bettors will still get access to all the betting options for every sporting event available on the betting site, plus they can get eligible for most of the bonus bet promo offers and deposit bonuses.

How to Find Legit Sportsbooks with Flexible Deposit Limits

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
Bet $5, Get $200 In Bonus Bets
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
Up To $1,500 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

Sports betting sites with low minimum deposit limits come with a list of benefits. However, having a low deposit limit doesn’t necessarily guarantee a high-quality general online gambling experience. Bettors should always consider the following crucial aspects when searching for a legit low deposit sportsbook.

Legality

Bettors looking for a low online sportsbook site should first check if sports betting is legal in the state where they reside and if their preferred sportsbook has a license to operate in the particular state. Not every online gambling platform operates in every state, so make sure to check state availability before you get excited about the one dollar deposit limit.

FanDuel Legal States

Odds

Having the option to start your betting journey with a low deposit is a great low-risk opportunity. However, always keep in mind that your ultimate goal should be to win as much as you can and grow your bankroll while having fun. To be able to do so, you need a low deposit betting site with competitive odds for a large number of sporting events and a variety of betting markets.

Always dedicate some time to research since there is always a possibility that you may end up at a sportsbook with a low deposit limit that also has significantly lower odds than its competitors.

Bonuses

Today’s landscape of the sports betting industry is full of different welcome offers, odds boosts, bonus bets, and other bonuses and online sportsbooks attract new customers with them. Some of these generous bonuses can be a good way for new bettors to start their betting journeys and get a landing cushion in case their first bet fails. They also come in handy for bettors trying their hand in matched betting in the USA.

Although almost every licensed low deposit sportsbook has a welcome offer that’s likely activated by a bonus code, at some of them, the minimum deposit amount is not enough to make you eligible for the sign-up bonus. Thus, you should always check the terms and conditions of each sportsbook bonus offer and see if the minimum deposit amount and minimum bet amount will allow you to participate in the particular promo.

Caesars Sportsbook Lobby

Banking

The top-rated sport betting sites usually have long lists of available banking options to accommodate the needs of as many bettors as possible. Many betting sites like DraftKings have low minimum deposit limits for all the numerous banking methods listed on their websites. However, you should keep in mind that some sportsbooks with low minimum deposit limits that, unfortunately, have limited banking options.

When searching for licensed $1 low deposit sportsbooks and low minimum deposit casinos, always make sure that the limit stands for deposits made with a good variety of banking options such as Visa and Mastercard-issued debit and credit cards, PayPal, Neteller, Prepaid cards, Giftcards, etc.

Interface

The generous welcome offers, low minimum bets and minimum deposit limits, and competitive odds are all significant aspects. However, any experienced online bettor will tell you that the design is the thing that can make or break an online sportsbook.

Despite the numerous benefits of the low minimum deposit limits, betting at a sportsbook with a substandard user interface can turn any gambling experience into a nightmare.

Always look for a user-friendly platform that is easy to navigate and offers a variety of practical features that will sweeten your general betting experience.

How to Deposit $1 and Still Qualify for Betting Bonuses

It’s safe to say that we’ve already established that searching for a $1 minimum deposit sportsbook would be a bet on the wrong horse. Nevertheless, there is no reason to panic. The current betting market can offer many top-rated sportsbooks where you can deposit the lowest possible amount and still qualify for the deposit bonus and earn a bonus free bet or two.

For instance, by choosing DraftKings through our site, bettors can make a $5 deposit and instantly become eligible for the welcome offer, with which each new customer gets a 20% deposit bonus up to $1,000.

Draftkings Sportsbook Homepage

Whether you choose DraftKings, FanDuel, or any other top-rated minimum deposit site mentioned in this article, the sign-up process will be equally quick and easy. All you need to do to create your account and get started is to follow the next few simple steps.

  1. Enter the website or download the mobile app of your sportsbook of choice.
  2. Click on the Register or Sign Up button.
  3. Enter your username, email, and password.
  4. Fill out the blank fields reserved for your personal details, such as your first and last name, date of birth, home address, and last 4-digits of your Social Security Number.
  5. Enter a bonus code to become eligible for a promo.
  6. Once you have successfully created your account, you can sign in and make your first deposit.
  7. To add funds to your account, locate the Deposit button, click on it, choose your preferred deposit method, and enter the amount you want to deposit.

Lowest Minimum Deposit Banking Options at $1 Sportsbooks

All top-rated online sportsbooks that have low deposit limits will also have a wide range of available payment methods through which bettors can add funds to their accounts in a quick and secure manner. Here are the most prominent low-limit deposit banking options bettors can find in the $1 and $5 deposit betting sites mentioned earlier:

It’s important to know that not every banking or payment method is available in every online betting site, and it’s also important to know that different banking methods have mixed characteristics regarding fees, processing time, and convenience. Nevertheless, with some of them, you can’t go wrong.

PayPal

Although many E-Wallets are exceptionally popular among bettors, PayPal is, by far, the most prominent choice. Thus, you can find it in any top-rated online sportsbook and use it to make a minimum deposit. PayPal not only allows you to add funds to your account in a matter of seconds but also allows you to do so without providing any of your bank details.

PayPal is also an outstanding payment method for withdrawing funds from your account. Unlike the other popular banking options that will make you wait 2 or 3 working days to receive your winnings, with PayPal, you can usually expect to obtain your sports bet winnings in less than 24 hours.

Debit and Credit Cards

While they might not be known as the best option to withdraw your winnings, they, without any doubt, are one of the best options for making deposits. Depositing the minimum amount with debit or credit cards is available at any top-rated online sportsbook and the process is safe and rapid. $1 betting sites usually do not charge fees on credit and debit card minimum deposits either, however, always check before making the deposit.

FAQs

  • What sportsbook has the lowest minimum deposit limit in the USA?

    DraftKings accepts $5 deposits, which makes it the best betting site with the lowest minimum deposit limit in the USA. PointsBet is another sportsbook that has a minimum deposit of just $5, and it’s available across 14 states.

  • What is the minimum I can deposit at DraftKings through PayPal?

    DraftKings is a low deposit sportsbook that accepts a minimum deposit of $5 and accepts PayPal as a payment method for both deposits and withdrawals. By using PayPal, bettors can deposit a minimum of $5. 

  • What are the best welcome offers you can get by depositing the minimum amount?

    The best welcome offer bettors can qualify for by depositing the minimum amount is the welcome offer at DraftKings. Here, each new customer who deposits at least $5 can receive a 20% deposit bonus of up to $1,000 and a $50 free bet.  Make sure to check the wagering requirements before signing up. For those in the bet365 legal states, the bet $1 get $200 in free bets is the best deal. 

  • Are there any betting restrictions when making a minimum deposit?

    Each restriction is unique and relates to the policies of each sportsbook. However, many online sportsbooks have a minimum deposit limit that won't let bettors become eligible for particular promo offers and bonuses, so make sure to check the terms and conditions of each promo before claiming it.

  • What are some of the best banking methods I can use to make a minimum deposit?

    Sportsbooks often have long lists of available payment methods for users’ convenience. Debit and credit cards and popular E-Wallet options like PayPal, Venmo, and Skrill are the best banking methods US bettors can use to add minimum deposit amounts to their accounts.

  • Which sportsbooks accept $1 deposits?

    Although you can bet on any market from as low as $0.10 or $0.50, no sportsbook lets you deposit $1. In fact, you would need to settle for a $5 or $10 minimum deposit. 

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.