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

Best $5 Minimum Deposit Betting Sites in the US

Finding the best sportsbooks that offer low deposit amounts can be challenging. To make it easier, we have compiled a list of the best $5 minimum deposit sportsbooks and betting sites in the US.

These sites offer low minimum deposit sign-ups as a marketing technique to attract new players with a low-risk and high-reward sign-up bonus. These sites also offer free bets, promotions, and deposit bonuses to entice new players to sign up and make a deposit.

Best $5 Minimum Deposit Betting Sites and Apps in the USA

Alongside the best $5 minimum deposit sites, we have included other betting platforms that have a minimum deposit set slightly higher but kept below the $25 requirement which are also worth taking note of.

Many experts in the gambling industry would argue that a minimum deposit of 10 dollars is a good balance between being able to make a return on your investment while also not being too risky. This is why 10 dollars is the standard minimum deposit across the majority of sports betting sites.

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

Fanatics Sportsbook

4.4/5
  • Minimum deposit $5
  • Generous Welcome Bonus
  • Variety of Special Features
  • Big Sports Market Coverage
  • Limited banking options
  • No Desktop Betting
  • Few Special Offers & Promotions
10 daily 100% Bonus Bets up to $100
Play Now

1.🥇 DraftKings Sportsbook

DraftKings is a widely popular online sportsbook that offers a low minimum deposit of $5 for players in the US. It is rare to find an online gambling platform with a reputation as strong as DraftKings that offers such a low minimum deposit.

In addition to its low deposit requirement, DraftKings is also known for its speed of processing transactions and security measures. Deposits and withdrawals are always processed quickly and securely, making it a reliable platform for players. It also provides a wide range of payment methods for players to choose from, including credit cards, debit cards, and e-wallets such as PayPal.

Furthermore, DraftKings also offers a wide range of markets for players to bet on, including all major sports, fantasy betting, and more. It provides players with a great variety of options to choose from, making it a go-to platform for many sports bettors. The app is packed full of handy features like in game betting, cash out option, same game parlays, and many more cool features.

DraftKings Sportsbook is loved by many because it is widely accessible, with availability in an impressive 19 states across the United States.

Don’t miss out on DraftKings’ generous sign-up bonus of up to $1,000 in bonus funds for new players, which can be partly redeemed through the minimum deposit of $5. Sign up now to take advantage of this offer!

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

2. 🥉Fanatics Sportsbook

A recognizable merch brand turned sportsbook, Fanatics is the newest addition to the US betting Parthenon. The sportsbook launched in 2023, and as we noted in our Fanatics Sportsbook review, its main advantages are the low minimum deposit of only $5, a very generous welcome bonus that rewards new players with bonus bets for 10 consecutive days, and its strong sports market coverage.

Fanatics is also stacked with extra features like Early Cashout, NFL live streaming, and live betting. Furthermore, the Withdrawal Tracker feature helps bettors know exactly at which step of the withdrawal process their transaction currently sits at, and when they can expect the money to hit their bank account. Naturally, Fanatics also comes with its own mobile betting app that’s available on Android and iOS devices.

On paper, Fanatics Sportsbook seems to stand shoulder-to-shoulder with giants like FanDuel and DraftKings, but we’re yet to see whether the operator will be able to find its place under the sun in probably the most competitive betting market in the world.

Fanatics Sportsbook

4.4/5
  • Minimum deposit $5
  • Generous Welcome Bonus
  • Variety of Special Features
  • Big Sports Market Coverage
  • Limited banking options
  • No Desktop Betting
  • Few Special Offers & Promotions
10 daily 100% Bonus Bets up to $100
Play Now

Other Deposit Options

When it comes to finding a sportsbook with a really low deposit, $5 may just be too little for some operators, which is why there is only 2 licensed books that will let you deposit just 5 bucks. If you can stretch your budget a little more, there are some pretty awesome $10 minimum deposit betting sites available.

bet365 Sportsbook

bet365 is a premier online sportsbook, renowned for its vast selection of sports and events to bet on. With sports listed from A-Z, bet365 never misses any of the major sports action around the world. The minimum deposit is just $10, so it is accessible to a wide range of users.

But what truly sets bet365 apart is its live streaming feature, which allows users to watch the action unfold in real-time as they place their bets, adding an extra layer of excitement and engagement to the experience.

This unique feature, paired with a strong selection of convenient banking methods like PayPal, Apple Pay, and Google Pay, makes bet365 a top choice for sports betting enthusiasts.

Players who sign up to bet365 in Colorado, Iowa, New Jersey, Ohio, and Virginia can bet $1 minimum and get $365 after signing up! The sportsbook has a presence outside of the US as well, including Brazil and Germany.

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

Comparison of the Best $5 Deposit Betting Sites

When it comes to selecting a low minimum deposit betting site, $5, $10, and $20 deposits are considered to be suitable options for most Americans. However, other factors should be taken into consideration when choosing the best sports betting site for you.

For the lowest minimum deposit sportsbook, DraftKings stands out as the top choice for being one of the only 5-dollar minimum deposit casinos available in the US. bet365 and FanDuel are not far behind, starting with $10 deposits on their respective sites.

DraftKings boasts the largest reach among its competitors, currently available in 19 states across the US. On the other hand, bet365’s availability is limited to only three states, however, the recent addition of Ohio suggests a potential for future expansion.

Draftkings Sportsbook Homepage

A sportsbook’s coverage of a wide range of sports is an important factor in determining its overall quality. bet365 excels the most in this regard, offering players in the US the most comprehensive selection of sports to place bets on.

All of the sports betting sites listed on this page offer a convenient selection of popular banking options, easily accessible through mobile devices. Transactions at these low-deposit sites are known to be processed quickly ensuring a seamless betting experience.

While some unregulated betting sites may not have any minimum deposit requirements, they do not measure up to reputable sites like DraftKings and FanDuel in terms of overall quality. These unregulated sites often lack the user-friendly interfaces and comprehensive sports offerings found on regulated betting sites, making them a less desirable and illegal option for sports bettors.

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

5 Dollar Deposit Betting Sites: Who Should Join Them?

A five dollar betting site is definitely ideal for those looking to bet with little to no risk. But that’s not all there is to these platforms.

Players That Are New to Betting

With the variety of betting options available today, having a low deposit threshold can be beneficial for players who want to explore different betting departments while using smaller stakes.

This allows for a more flexible and cost-effective way to experience the different options and find what works best for you.

By using smaller stakes, players can familiarize themselves with the operation of betting sites without the risk of significant losses due to mistakes. This approach allows players to determine their preferred type of betting and can serve as a reference point when they decide to increase their stakes in the future.

Users Playing Just For Fun

While the excitement of gambling often comes from the possibility of winning big, some players prefer to do so on a smaller scale and still find it enjoyable. This is where low-deposit sports betting sites come in handy, catering to players who may not feel comfortable playing with high stakes and making gambling accessible to a wider range of users.

If you’re new to the world of gambling or prefer to play with smaller stakes, then betting sites with low minimum deposit requirements are tailored to your needs.

Anyone Struggling to Control Gambling Limits

Lowering the minimum deposit amount means that players can still enjoy the thrill of gambling without risking as much money. This can also help reduce the risk of impulse spending and make it easier for players to keep track of their spending.

Players Looking to Add Some Fun to Watching Sports

Low minimum deposit sportsbooks are ideal for players looking to add some fun to watching sports because they allow for a more casual and low-stakes gambling experience.

Additionally, having a low deposit allows players to play for a longer period of time, as they can afford to continue playing even if they lose a few bets. Ultimately, this can lead to a more engaging and entertaining experience overall.

Areas That Matter When Selecting Betting Sites With $5 Minimums

When choosing a $5 minimum deposit sportsbook, players should take into account several important factors to ensure a safe and enjoyable experience.

Here is a checklist of key features that can help you spot the good $5 minimum deposit betting sites in US from average ones:

Markets Coverage

Having a wide variety of markets and sports to bet on is important when choosing a betting site with a low minimum deposit amount as it allows you more options to place your bets.

Access to different markets and sports allows you to capitalize on your knowledge and expertise in different areas, which can help increase your chances of making informed and profitable bets.

A variety in markets and sports to bet on also makes the betting experience more interesting and engaging for players.

Diverse Set of Payment Methods

Having a diverse range of banking options is crucial when choosing a betting site with a low deposit requirement. Also, having reputable payment options can improve the security of the transactions.

Look for sites that offer fast and efficient payment methods such as e-wallets, debit, and credit cards. Avoid using payment methods that have high transaction fees as they can eat into your profits and make it difficult to manage your funds effectively.

Regular Promotions and Free Bets

Promotions and free bets help to increase potential winnings and limit the risk of placing bets. These are add-ons from the welcome bonus you receive after your deposit. They can also offer extra value, such as enhanced odds, deposit match bonus, and free bets on certain markets for existing customers.

At our recommended $5 deposit sportsbooks, regular promotions, and free bets can be awarded to customers starting out with the minimum deposit as well.

FAQ‘s

  • What is a good deposit amount to start with at US sportsbooks?

    When considering depositing funds into a betting account, it’s important to first familiarize yourself with the site’s operations and understand how it works.

    Then, you have to think about factors like betting strategy, minimum bet amounts for individual sites, and your budget. What counts as a ‘good deposit amount’ can vary from person to person, and ultimately depends on your individual situation.

  • What is the average minimum deposit on betting sites?

    In general, the minimum deposit for betting apps in the US is $10. Sites such as Bet365 and FanDuel require that you deposit at least $10. However, they still come with juicy sign-up bonuses attached, so these should also be considered.

    Finding minimum deposits as low as $5 is fairly rare, so you will know it is a good find if you do. Some minimum deposits can start at $20 and go upwards of $30!

  • What is the minimum I can deposit using PayPal?

    Usually, the minimum deposit using PayPal starts at $10, meaning this isn't a viable option for minimum deposits starting at $5 on certain betting sites. Paypal is still an efficient way of transferring money in and out of your accounts and should be considered for optimal security.

  • What are the best bets to make with a low deposit?

    If you are new to sports betting and want to make your first bet, we recommend starting with a sport or game that you have knowledge or experience in. This will give you a better understanding of the betting options and increase the chances of making a successful bet.

    Moneylines are seen as safe betting investments for players looking to grow their initial deposit. Parlays, where you are betting on two or more results in the same bet, increases the chances of winning big while starting small.

  • Are there betting sites that allow you to deposit less than $5?

    There are online betting sites with no minimum deposit rules and some that dive below the $5 mark however, these are usually unregulated platforms that we strongly advise you to stay away from when betting.

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.