Written by:
Damjan Jugovic Spajic
Fact checked by:
Oliver Dickinson
Updated:
June 28, 2024

PayPal Betting Sites. The Top Sportsbooks That Accept PayPal

PayPal Betting Sites

Accepted at most US sportsbooks where online sports betting is legal and state-regulated, PayPal is without question a familiar and secure method of depositing and withdrawing funds at betting sites. The chances are that you already have a PayPal account, which you use for online shopping, making it a convenient partner for online bettors.

Other benefits of this e-wallet-based payment option include rapid deposit and withdrawal times, low to no fees, two-factor authentication, and moderate transaction limits. However, PayPal isn’t available in every sportsbook, and its acceptance can depend on where you reside. Therefore, this guide will walk you through the basics of using PayPal and legally wagering at sportsbooks with the option. Let’s dive in.

How PayPal Online Betting Works in the USA

PayPal first appeared back in 1998, and it was one of the first internet-based payment providers to debut. Part of that was tied to its affiliation with the rapidly emerging Amazon. As an e-wallet, it facilitates the transfer of funds from your bank to the retailer without you having to hand over your bank card or account details to the merchant. Over twenty-five years later, this middleman method is still amongst one of the most popular ways to process payments online.

Initially, PayPal had a massive role in the fledgling online gambling world. However, when the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) was passed, and most forms of online gambling became illegal nationwide, PayPal largely withdrew from the market.

Fast forward to today, and PayPal is back as an official payment partner in US online sportsbooks, although only in states where wagering on sports online is legal and state-licensed. You’ll find PayPal actively available in sportsbooks licensed in states in over half the country.

While other e-wallets are available in these sportsbooks, it is PayPal which is arguably the most favored. It supports mobile apps and online options, has low to no fees, has better availability compared to its counterparts, and is unquestionably secure, with various state-issued financial institutions and service licenses under its belt.

Online sports bettors can expect to see PayPal offered as both a deposit and withdrawal option. Of course, the transaction times, fees and limits involved vary from site to site and state to state. We’re going to look at those more closely soon, but first, let’s introduce you to the best PayPal betting sites.

Online Betting Sites That Accept PayPal in the US

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

If sports betting is legal, licensed and regulated in your state, you should have no trouble using PayPal as your preferred sports deposit and withdrawal option. Its ability to process small and medium-sized transactions rapidly and without much in the way of charges makes it a desirable payment method at many of the country’s leading sportsbooks, including the following:

Best PayPal Online Sportsbooks for the USA:

🥇BetMGM Sportsbook

Join BetMGM today and use the GAMBLEUSA code to claim a money-back bonus worth up to $1,500 if you don’t win. Wager on popular US markets, engage in in-play betting and experience unique prop bets. BetMGM will accept PayPal deposits starting at $10. You can cash out anything from $20 to $25,000 in 1-3 days, assuming you’ve made a PayPal deposit within the last three months. Moreover, you can even register at the sportsbook using your PayPal credentials.

✅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
Up To $1,500 in Bonus Bets
Play Now

🥈Caesars Sportsbook

Become a new member of Caesars Sportsbook using the GUSAFULL code to claim a $1,000 First Bet Bonus on your first deposit. Bet on the NFL, NBA, NHL, MLB, and other major league sports, and enjoy live betting, NFL streaming and mobile action. Caesars supports PayPal deposits starting at $20, and you can withdraw up to $10,000 a pop, with transaction times of 1-3 days.

✅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

🥉bet365 Sportsbook

Get started with up to $200 in Bonus Bets when you deposit $10 or more and bet $1 as a newbie at bet365. This US sportsbook has tens of thousands of selections, spanning 60+ markets from across the world. Experience early cashout options and livestream major events. bet365 supports minimum deposit and withdrawal limits of just $10, and it can process PayPal cashouts in anything from an hour up to 24 hours.

✅Pros:

❌Cons:

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

🎖️DraftKings Sportsbook

Make a first deposit of $5 or more at DraftKings today to claim a 20% welcome bonus worth up to $1,000. The US sportsbook is active in over twenty states, is home to many short-term deals, and the live streaming site supports one of the best mobile apps around. DraftKings will accept PayPal, and it offers PayPal deposits from as little as $5 and withdrawals from $20. It’s also suitable for high-roller PayPal players, as its maximum deposit cap is set to just shy of twenty grand.

✅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

🏅FanDuel Sportsbook

Become a new member of FanDuel to claim $200 in Bonus Bet funds if your first bet worth at least $5 wins. FanDuel is one of the biggest and most famous brands in the US market and is home to some of the best parlay action in the world. FanDuel will accept PayPal, and it supports low PayPal $10 limits for deposits and withdrawals. While you can’t claim a welcome bonus with a PayPal deposit, you’ll be delighted to learn that there are no caps on deposits or cashouts with this option.

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

Why We Selected These PayPal Betting Sites

Aside from the fact that they accept PayPal deposits, why else have we chosen to highlight these sports betting sites over their many counterparts? Our team is tasked with only showcasing the most secure, trustworthy, and state-licensed sportsbooks. These domains are fully legal for you (depending on your state of residence), they have bonuses and promotions which are PayPal-friendly, and they come with fair T&Cs, so you won’t get bogged down under heavy wagering requirements.

Our recommended PayPal betting sites for US players also support other banking options. These mainstream USD-friendly methods fill in the gaps where PayPal doesn’t. For instance, if you want to splash the cash, but PayPal’s deposit limits don’t reach the figures you want to bet with, having a reliable selection of trustworthy and safe options, such as bank transfers, is essential. Moreover, we check each sportsbook to ensure that they don’t have costly transaction fees involved.

Each of our recommended PayPal US sportsbooks offers a satisfying and extensive experience with competitive odds, dozens of markets and thousands of selections. They also provide a mobile-centric experience, deliver live or in-play options, and are affiliated with other forms of gambling. Only after we’ve reviewed and approved each site will it be recommended by us. The five PayPal sportsbooks selected above represent the very cream of the crop for all those features and are accessible in most US states where online sports betting is legal.

How to Deposit with PayPal at Online Betting Sites

You won’t get anywhere without a PayPal account. Fortunately, most of you will already have one for day-to-day online shopping. If you do, you can skip ahead. If not, here are the brief steps you need to take to get started:

It’s also worth noting that by linking your bank (credit/debit) card to your PayPal account, you can have PayPal take anything you spend directly from your card. This saves you the trouble of having to fund your PayPal account. With that said, let’s talk about funding your online sports betting account next.

To deposit in your sportsbook account using PayPal, simply follow these steps:

  1. Head over to the cashier section of your sportsbook, select “deposit”, and choose PayPal as your payment provider.
  2. Enter the amount you wish top-up alongside your PayPal details.
  3. You’ll be taken to a second screen, where you can confirm the transaction. With two-factor authentication set up, you’ll need to verify the transaction using this option. In most cases, this will be a code sent via e-mail or SMS. Enter it when prompted, and you’re good to go.
  4. The deposited sum will then be subtracted from your PayPal account. If your account isn’t funded, you can have the figure deducted directly from your card without handing your bank account details to the sportsbook.

PayPal Minimum and Maximum Deposit Limits

The minimum and maximum deposit transaction limits associated with PayPal vary from site to site. The payment provider has general limits of $1 up to $25,000 per transaction. If you start depositing large sums into your PayPal balance, you may be required to undergo a KYC procedure to explain where that money comes from.

The sportsbooks themselves have their own minimum and maximum deposit limits. These tend to hover at around a minimum of $10 (some support deposits as low as $5) and maximum limits of $2,000 up to $10,000. There are generally no fees involved for depositing, although some sites, such as DRF Bets ($5 for every deposit), do. All PayPal deposits at online sportsbooks should be processed instantly.

How to Withdraw from PayPal Betting Sites

Almost every US online sports betting site which accepts PayPal will allow you to both deposit and withdraw funds using this e-wallet. The withdrawal process isn’t much different than the steps for depositing, and we’ll tell you how that works in these short steps:

  1. Head to your sportsbook’s cashier page. Select “withdrawals”, then PayPal.
  2. Enter your PayPal address, coupled with the amount you wish to withdraw.
  3. Most top PayPal betting sites have minimum withdrawal limits of $10 – $20. Upper limits vary from $2,500 to $10,000, even $25,000 in some rare cases.
  4. PayPal sportsbooks often require you to clear a KYC process before withdrawals commence. You only need to clear this one, though. After that, you can benefit from the speedy transaction times associated with PayPal.
  5. Similarly, you may be required to clear any outstanding wagering requirements associated with bonuses and promos you may have claimed. This needs to be done before withdrawals are processed. If all is well, confirm the transaction and wait for it to arrive.

It’s also worth noting that there may be a few additional features to consider. For instance, your sportsbook may only permit PayPal withdrawals if PayPal was also your deposit method. Check the T&Cs of any sportsbook you join ahead of time.

Any winnings you cash out will make their way to your PayPal account. From there, you can choose to leave them in the e-wallet or withdraw them to your bank. The latter can take anything from 30 minutes to five working days. Withdrawal fees and limits associated with your PayPal account depend on whether you’re a casual user or have a business account.

Withdrawal Processing Times

When cashing out your winnings, you have two time frames to consider at PayPal US sportsbooks. Firstly, each PayPal betting site has its own internal processing time. Known as payment pending periods, they allow the site to check your withdrawal before they confirm it. This can take anything from mere minutes up to 48 hours. The quicker, the better.

Once the withdrawal has been approved by your US sportsbook, it is down to PayPal. Cashout times at most state-licensed sites will vary from one to three business days, although often less. Some super-fast sportsbooks can process PayPal withdrawals in under 24 hours.

Fees and Charges when Betting with PayPal

We’re not going to touch on the fees or charges associated with having a PayPal account. They vary from having a prepaid card to having a business account and so on. However, let’s discuss the fees and charges when betting with PayPal at US sportsbooks.

Honestly, most sports betting sites don’t have fees when you deposit or withdraw with PayPal. There are the odd exceptions – for instance, DRF Bets has both a $5 deposit fee and a $1 withdrawal fee, but these are rare. For the most part, PayPal cashouts should be free from charges, at least on the betting site’s end of things.

Tips for Managing Your Bankroll at PayPal Betting Sites

PayPal has its perks, but ultimately, you’re going to need to manage your bankroll if your experience betting on sports is to be a pleasant one. Allow us to introduce you to a few handy hints that we’ve picked up over the years:

Minimum Deposit Limits

PayPal is exceptionally good at facilitating small-scale deposits. Yes, it can be used by high-rollers on some sites but it’s predominantly the go-to method if you want to keep your deposits light. PayPal, like the casino, also has spending caps and limits, which you can use to keep your betting in check.

Bonuses

Bonuses can provide a great boost to your balance, or they can see you shield and protect your bets with money-back guarantees or free bets. However, always check the T&Cs, especially playthrough rates and min/max odds, before claiming any offer.

Responsible Gambling Tools

Make full use of your US PayPal sportsbook’s responsible gambling tools. Options such as deposit limits, wager caps, loss limits and reality checks will help you keep tabs on your gambling activity.

Competitive Odds

Consider “when” you decide to place your bet. For instance, the longest odds on favorites tend to occur earlier in the season. Underdogs receive longer odds closer to the start of the game or if you’re in in-play betting when they’re behind. Similarly, consider when the time is right to cash out early if you get this option. Don’t leave it until it’s too late.

Underdog Betting

If you do fancy a punt on an underdog (and that’s always tempting, given the odds), ensure that you keep your bets low. If your bet comes good, you’ll get a decent return even with small stakes wagered.

Pros and Cons of Using PayPal for Online Betting

✅Pros❌Cons
Flexible deposit and withdrawal limitsTransaction times vary wildly
Ideal for low rollers to manage their budgetTopping up a PayPal balance can be slow
Two-factor authentication available
Use PayPal on iOS, Android, or Windows
PayPal only appears on trusted sites

Alternatives for Betting in the USA

FAQs

  • What’s the maximum I can withdraw using my PayPal account?
    PayPal has a transaction cap of $25,000. However, most US sportsbooks that accept PayPal limit withdrawals to anything from $2,000 to $10,000 a day. It varies from site to site.
  • Does PayPal prohibit online sports betting?
    No. PayPal doesn’t have an issue with you using your e-wallet to deposit at state-licensed and regulated (legal) US sportsbooks. They don’t condone their services being used at offshore sites, though.
  • Does the sportsbook get my bank details when I deposit with PayPal?
    No. If you deposit using your PayPal account (even if your deposit is taken directly off your linked card), the sportsbook will not get their hands on your bank details.
  • Why can’t I withdraw from my online sportsbook via PayPal?
    Some US PayPal sportsbooks require you to deposit and withdraw using the same option. Others will only permit withdrawals using an option you’ve deposited within the last six months. Failing that, issues with PayPal cashouts are likely down to you failing to clear wagering requirements on bonuses, not clearing the KYC step, or breaching withdrawal limits.
  • Can I trust PayPal when playing at US sportsbooks online?
    Absolutely. PayPal is regulated in the US, and it has a specific license in each state where it offers financial services. It has an impeccable record for safety, and its two-factor authentication options help keep you safe.
  • Can I claim sports betting bonuses with a PayPal deposit?
    For the most part, yes. There are one or two sites, such as PointsBet, which don’t allow new members to claim the welcome bonus with PayPal, but this is rare.
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.