Written by:
Damjan Jugovic Spajic
Fact checked by:
Alex Windsor
Updated:
January 9, 2024

Mastercard Sportsbooks

Mastercard Sportsbooks

The feeling you get when Steph Curry shoots that ‘Night, night’ three-pointer to win the game, which happens to be the last of your 6-leg parlay bet is priceless. For every other bet, there’s Mastercard.

With over 2.8 billion cards in circulation worldwide, Mastercard is among the leading debit and credit card brands. It’s available in 210 countries, and it’s the first choice for hundreds of millions of Americans for their daily purchases.

Mastercard enjoys almost universal approval among licensed US sportsbooks, and it’s widely used for both deposits and withdrawals. In this guide, we’ll cover everything you need to know about using Mastercard at US sportsbooks. From how to deposit and withdraw with Mastercard to the fees and charges you need to be aware of, you’ll find everything you need here.

How Mastercard Online Betting Works in the US

Statistics show that over 84% of Americans own at least one card, and more than half of all the transactions in the country are done by a credit or debit card. The number of registered merchants that accept Mastercard is well above 10 million, and we’ve become so accustomed to using our cards to pay for everything that no other payment comes even close in popularity – not even traditional cash payments.

With Mastercard being one of the two giants in the payment-processing industry, alongside VISA, it would be rather ignorant for online sportsbooks not to accept it as a payment method.

Mastercard credit and debit cards have been the primary deposit option at US sportsbooks ever since online betting has been legalized country-wide. With the broadening of the market, Mastercard’s importance as a part of it has been increasing as well. Since almost every adult American owns at least one debit/credit card, it’s the most convenient way to fund a betting account.

Considering that the largest part of online payments in the US is done via cards, the process of funding a betting account with a credit card is not much different. Bettors need to enter the name on the card, the 16-digit card number, the card expiry date, and the CVV (the three numbers on the back), and confirm the transaction.

Keep in mind, however, that some US banks still don’t allow their cards to be used for gambling purposes, so you need to check your bank’s website to determine whether Mastercard transactions for online sports betting are allowed. What’s more, even if gambling transactions are allowed, you might be required to verify the transaction.

Online Sportsbooks Accepting Mastercard

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
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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
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Betway Sportsbook

4.5/5
  • Minimum deposit $10
  • Huge market coverage
  • Minimal requirements to cash out welcome offer
  • Features all major betting options
  • Few promos for existing players
  • Not easy to navigate
Bonus Bet up to $250
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
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The majority of US sportsbooks accept Mastercard for depositing funds, but there are other features that contribute towards the quality of the site.

Our team of experts carefully examined all legal US sportsbooks and we compiled a list of the best online sportsbooks accepting Mastercard based on their highlight features, overall quality of the site, and availability to make two-way transactions using Mastercard.

1.🥇DraftKings – Best Welcome Bonus

Given their sleek design and commitment to delivering an impeccable user experience, the endless list of betting markets, and the highly appealing promotions section offering various incentives, it’s evident that DraftKings stands out among sportsbooks.

Few other sportsbooks can rival DraftKings, especially for individuals seeking to start their sports betting journey with a Mastercard deposit as low as $5.

Each new DraftKings customer who deposits at least $5 into their account and places a bet of at least $5 on any market will be awarded $150 in Bonus Bets. On top of that, the sportsbook will reward each new eligible customer with an opportunity to watch all their favorite NBA teams through the NBA League Pass. Good luck finding a better welcome bonus.

Mastercard users have the flexibility to deposit funds using both their debit and credit cards. Additionally, they can withdraw funds through their Mastercard debit card, with a processing time typically not exceeding one day. The minimum withdrawal limit per transaction is set at $1, while the maximum limit is capped at $25,000.

✅Pros

❌Cons

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.🥈FanDuel – Best For Sports Market Variety

All the Mastercard sportsbooks mentioned in this list have extensive catalogs of betting options you can browse through for hours. However, if you are a real sports betting aficionado looking for that extra value in some of the most niche betting markets, then FanDuel is your friend.

By depositing as much as $10 through their credit cards, Mastercard users can become eligible for the FanDuel welcome offer that gets each new customer $150 in Bonus Bets if their team wins. All they need to do after their deposit is to place their first cash Moneyline bet of at least $5 and hope their team wins.

Mastercard users can deposit and withdraw their funds on Fanduel through their credit/debit cards without paying any fees. While the minimum deposit limit is higher than the one at DraftKings, the extensive variety of sports markets and betting options certainly makes up for it.

✅Pros

❌Cons

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

3.🥉Caesars – Best Loyalty Program

Licensed in more than a dozen states across the country, Caesars stands as a go-to sports betting hub for millions of American bettors. While the platform is full of impressive unique features and various betting options, the thing that consistently draws bettors back is its well-known loyalty program.

Caesars covers all the sporting events you can imagine and offers various dedicated bonuses, odds boosts, and profit boosts for them. However, the highlight of the promotions section is the enticing welcome bonus that gets each new customer who places a sports cash wager an opportunity to receive up to a $1,000 Bonus Bet if their first bet loses.

While Caesars accepts Mastercard deposits and withdrawals, it’s important to note that, due to state regulations, credit cards may not be an available option for players in certain states. So, if you stick with your Mastercard debit card, you can quickly start your betting journey at Caesars for as low as $10 without paying any fees. Mastercard credit card withdrawals are not allowed.

✅Pros

❌Cons

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

4. 🎖️Betway – Best For Odds Boosts

If you are looking for a Mastercard betting site with a massive diversity of sports and a plethora of odds boosts that can sweeten your sports betting victories, do not hesitate to head over to Betway today.

Betway is fully optimized for mobile use, offering bettors seamless navigation through its extensive list of mainstream and niche sports thanks to its user-friendly design.

Besides the frequently offered odds boosts, new customers at Betway can also make the most out of the generous welcome bonus that offers new customers up to $250 in bonus bet credits if their first wager loses.

To start their Betway sports betting journey, bettors need to deposit at least $10. You can use the welcome bonus to try your luck on any of the hundreds of sports markets – and the bonus is available for Mastercard depositors. The operator accepts both Mastercard debit and credit cards without any fees or long processing times, and if you hit big, remember that Betway has no limits on withdrawals.

✅Pros

❌Cons

Betway Sportsbook

4.5/5
  • Minimum deposit $10
  • Huge market coverage
  • Minimal requirements to cash out welcome offer
  • Features all major betting options
  • Few promos for existing players
  • Not easy to navigate
Bonus Bet up to $250
Play Now

5. 🏅BetMGM – Best for Mobile Betting

Not many things can improve Sunday Night Football as the ability to bet from the comfort of your living room can. While Mastercard users have the luxury of choosing between several fully optimized mobile sportsbooks, thanks to its design and reliability, the BetMGM app stands out as the absolute favorite.

The BetMGM mobile app not only provides access to a wealth of sports markets and betting options but also houses numerous features and enticing promotional offers that Mastercard users can get by depositing as low as $10. There are no charges for either deposits or withdrawals (except potential fees imposed by the bank issuer of the card) and once processed, both transactions are instant.

So, if you want to dive deep into the realm of live betting using your mobile device, BetMGM is your best bet. You will not only get access to the best mobile app for betting on the market but also become eligible for the sign-up bonus that can get you up to $1500 paid back in Bonus Bets if your first wager loses.

✅Pros

❌Cons

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

Why We Selected These Mastercard Betting Sites

Since almost every US sportsbook now accepts Mastercard for deposits, we had to take other factors into consideration as well when selecting the best Mastercard sportsbooks. We had to make sure that Mastercard is an accepted payment method for both deposits and withdrawals, although this is not a common occurrence.

We also checked whether some sportsbooks have their own branded prepaid Mastercards and tested them to see whether they’re a convenient payment option as prepaid betting cards usually are.

Other aspects that we take into consideration when selecting sportsbooks to include on our site include:

How to Deposit with Mastercard at Online Sportsbooks

To deposit via Mastercard, you first need to determine whether the card issuer (the bank) allows for transactions to be made to gambling sites. Don’t worry, the majority of banks in the US now allow transactions for gambling purposes, but we still suggest going through your bank’s website FAQs just to make sure.

The next step is to choose a sportsbook. To make it easier for you, we’ve compiled a list of the best sportsbooks in the US that accept Mastercard, and if you use our links, you’ll get exclusive bonuses too!

Make sure that the operator you’ve chosen operates in your state. Then, the next step is to open the sportsbook’s website or download the mobile app, and start the registration process. To do this, you need to:

  1. Click on the ‘Join’ button that’s usually in the top right corner.
  2. Enter all the necessary information, such as your name, DOB, address, and the last 4 digits of your SSN. Keep in mind that the minimum age for sports betting varies depending on the state you live in, so you won’t be able to register if you’re not of legal age.
  3. If you haven’t already, you’ll be asked to turn on the GEO location on your device or download additional software (if your device doesn’t have a built-in GEO locator) to confirm that you’re within the borders of your state.
  4. Enter the ‘Cashier’ section, click on Deposits, and choose Mastercard as your preferred payment method. Keep in mind that the minimum deposit amount varies depending on the sportsbook, so you should find that information. Also, sportsbook operators usually impose a minimum qualifying deposit that’s required to be able to claim the welcome bonus.
  5. To connect your Mastercard, you’ll need to enter the name that’s on your card, the 16-digit card number, the expiry date, and the CVV code.
  6. Next, enter the amount you want to deposit, and authorize the transaction (it’s usually done via an SMS code you receive from your bank).

And that’s it. The money should hit your account in a few minutes, and you’re ready to claim the bonus and place bets.

Mastercard Minimum and Maximum Deposit Limits

The minimum deposit limits usually depend on the sportsbook operator, and not the card issuer. However, your bank may set a daily spending limit on your Mastercard, which is something you should be aware of.

The minimum deposit is typically from $5 to $10, while most US sportsbooks don’t impose a maximum deposit limit – unless you set it yourself as a form of responsible gambling.

How to Withdraw From Mastercard Sportsbook

Although it is possible to withdraw to a Mastercard debit card, withdrawals to credit cards are not possible in the US as of yet. So, if you deposited via Mastercard credit card, you’ll have to choose another option to withdraw your winnings. We suggest using PayPal or online banking, as two of the quickest, most secure, and cheapest options.

If you opt for a Mastercard withdrawal, there are a few things to keep in mind. First, you need to verify your account. To do this, you need to provide a photo of a government-issued document such as an ID, a passport, or a driver’s license to the operator. To confirm your address, you might be required to provide a copy of a utility bill.

After your account has been verified, you will need to make sure that you’ve cleared all the wagering requirements if you’ve claimed a bonus. If everything checks out, you can proceed by requesting a withdrawal. To do that, you should:

  1. Head to the ‘Cashier’ section.
  2. Click on ‘Withdrawals’ or ‘Cash out’.
  3. Select Mastercard from the list of available methods. If you deposited with the same card, it will be automatically selected as your primary withdrawal method. However, it’s advised to check with your bank whether it charges extra fees for transactions made to and from online wagering sites.
  4. Enter the amount you want to withdraw.
  5. Confirm the transaction.

The money should arrive in your bank account within 3-5 business days. Most banks charge fees when withdrawing to Mastercard, so keep that in mind.

Withdrawal Processing Times

The processing times vary depending on the payment method chosen, as well as the processing speed of the sportsbook. However, most US sportsbooks process withdrawal requests within 24 hours, but if you’ve chosen a Mastercard debit card as a payment option, you might have to wait for a few days before the money hits your account.

For example, even though FanDuel claims that Mastercard withdrawals take up to 24 hours, our team tested this and discovered that it takes up to 5 business days – especially during busy seasons. As you can see from FanDuel’s list, payment methods such as Venmo and PayPal are much faster.

Fees and Charges when Betting with Mastercard

The situation regarding fees and charges when betting with Mastercard depends on several factors. The first, and usually the costliest factor is the bank issuer of the card. Some banks charge fees for deposits made with Mastercard, while others don’t.

Some banks consider deposits to online wagering sites as a cash advance, so they charge deposit fees that are either fixed or percentage-based and vary between 3%-5%.

The second factor is the operators themselves. Although they usually don’t impose any fees on deposits and withdrawals, you still have to check the sportsbook’s terms and conditions to make sure of it. When it comes to Mastercard withdrawal requests, however, banks almost always impose fees in the range of 3% to 5%.

Tips for Managing Your Bankroll at Mastercard Sports Betting Sites

Betting using a Mastercard, although super convenient, can also be a double-edged sword for particular bettors. We all know how thrilling sports betting can be. Thus, people can easily get distracted and turn what is supposed to be a simple hobby into a destructive addiction fueled by the need to chase their losses and build just one more parlay.

To avoid that, our team of experts came up with a list of a few tips you can implement to your strategy to manage your bankroll responsibly.

Pros and Cons of Using Mastercard Sportsbooks

Pros ✅Cons ❌
Extremely convenient to make depositsMastercard credit card withdrawals are not available
Deposits via Mastercard are instantMastercard debit card withdrawals usually come with fees of 3% to 5% or more
Almost every sportsbook accepts MastercardSome US banks don’t allow transactions to online wagering sites
A great choice for beginner bettors

Alternatives for Betting in the US

As convenient as Mastercard is, there are many payment methods that US bettors can use – some of which might even be a better option than Mastercard. Check out some popular alternative payment options:

FAQs

  • Can you use Mastercard to deposit at US sportsbooks?
    Yes. The majority of US sportsbooks accept Mastercard deposits. You can use any Mastercard, as long as your bank accepts transactions to online wagering sites. Mastercard deposits are very fast and usually fee-free.
  • Do US Sportsbooks accept Mastercard withdrawals?
    Yes. Many US sportsbooks, such as DraftKings and FanDuel, accept Mastercard withdrawals. Keep in mind, however, that you can only withdraw to a debit card. Credit card withdrawals are not allowed. Most Mastercard withdrawals take a few days to complete and come with small fees.
  • My Mastercard payment has been rejected. What should I do?
    There are several reasons why your payment has been rejected. First, you need to check whether you’ve met the T&Cs if you’ve claimed a bonus. It may include completing the rollover requirements, or events that haven’t finished yet. If everything checks out at the sportsbook, you should check with your bank if there’s any problem. You can check the bank’s FAQ section and see whether Mastercard withdrawals are accepted. You can always get in touch with the sportsbook or the bank’s customer service to find out what the problem is and resolve it as quickly as possible.
  • Are there any fees tied to Mastercard payments at US sportsbooks?
    Yes. While Mastercard deposits are usually fee-free, Mastercard withdrawals generally carry small fees. The fees can either be fixed or percentage-based and usually range from 3% to 5% of the total amount.
  • Can I withdraw my winnings to my Mastercard credit card?
    In most cases, no. Even if your credit card issuer allows you to use your Mastercard credit card for online wagering purposes, it’s usually only limited to deposits. If you deposited using a Mastercard credit card, you’ll likely be required to use another payment method for withdrawals.
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.