BetMGM banking guide: How to withdraw your winnings
BetMGM firmly ranks as one of the best and most widespread online gambling operators in the US. The BetMGM sportsbook is available in 21 states (plus D.C. and Puerto Rico). Meanwhile, several states also get to enjoy its online casino, poker, and horse racing platforms.
BetMGM has earned the trust of US players thanks to its robust sports menu, deep market selection, high-quality casino games, great bonuses, and a renowned loyalty program, among other things. But what happens after winning at BetMGM? How do you empty your betting account, which BetMGM payment methods can you use, and are there any notable challenges?
BetMGM Withdrawal Options
US online sportsbooks and casinos generally follow a similar withdrawal process. BetMGM doesn’t deviate from the norm here and offers most of the same methods for submitting a withdrawal request as other established online platforms.
Following is a list of all BetMGM deposit and withdrawal options briefly described:
- Visa — Use the popular Visa debit and prepaid cards to perform effortless withdrawals, including the ultra-quick Visa Fast Funds. You can’t withdraw with a Visa credit card.
- Mastercard — Like Visa, Mastercard allows quick and easy debit card transactions. You can perform secure withdrawals at BetMGM using Mastercard Send.
- PayPal — The popular e-wallet is one of the most convenient ways to send and receive money online. Make sure that the PayPal is in your name and linked with your personal bank accounts.
- Venmo — You can use this intuitive e-wallet to request withdrawals from BetMGM.
- Apple Pay — This online banking method allows iOS users to link their cards and banking accounts to an Apple-based digital wallet.
- VIP Preferred e-check — The simple electronic check system connects you with your bank account via a routing number. You must first complete a VIP Preferred deposit to request a withdrawal with the same method.
- Online and instant banking — Withdraw directly to your bank account without visiting the bank. While this is a highly secure way of requesting payouts, the process is a little slow.
- Play+ prepaid card — If you prefer a dedicated method for playing at BetMGM, you should opt for the Play+ prepaid card.
- Cash at cage — You can request a cash withdrawal and claim your winnings at selected BetMGM retail properties. This option is available in NJ, MI, DC, MS, AZ, OH, MD, MA, and PR.
- Check by mail — If you want to get your winnings as a physical bank check, you can do it in New Jersey only. However, this method is not the quickest, as receiving the check takes one to three weeks.
How to Make a BetMGM Withdrawal?
BetMGM allows its customers to request withdrawals easily and without having to jump through any hoops. Even if you get stuck, helpful live chat support agents are always a few clicks away. Meanwhile, you can also find answers in the comprehensive help section.
To withdraw funds from your BetMGM account, just follow these steps:
- Log in to access your BetMGM account.
- Tap/click on your profile icon, go to the Cashier, and navigate to the Withdrawal tab.
- Pick the most suitable payment method.
- Input the amount you wish to withdraw along with other required payment details.
- Review your withdrawal request and hit the Submit button.
You will shortly receive a message saying that your withdrawal request has been sent. The internal review period is typically between three and five days, followed by funds transfer. How long you’ll wait for your winnings depends on your selected method.
BetMGM Payout Times & Fees
You don’t have to worry about any additional charges when requesting withdrawals from BetMGM, regardless of the chosen payment method, because there are no fees. As for waiting times, they can be anywhere between several hours to a couple of weeks. Here are the estimated waiting times for all BetMGM payment methods following the internal review period.
| 💳Withdrawal method | ⏱️Estimated payout time |
|---|---|
| Visa | Within 24 hours |
| Mastercard | 1–3 business days |
| PayPal | Within 24 hours |
| Venmo | Within 24 hours |
| Apple Pay | 1–3 business days |
| VIP Preferred | 2–4 business days |
| Online banking | 2–4 business days |
| Instant banking | 2–4 business days |
| Play+ prepaid card | Within 24 hours |
| Cash at cage (in AZ, DC, NJ, MI, MS, OH, MD, MA, and PR) | Within 10–12 hours |
| Check by mail (only in NJ) | 7–21 business days |
Reasons Why You Are Not Receiving Your Funds
You could experience some issues when attempting to withdraw funds from BetMGM. Payments can get delayed or rejected, but there’s usually a valid reason. Most of the time, the underlying cause is already clearly outlined in the operator’s payment terms and policies. The good news is that those issues are usually easy to resolve, so try not to worry.
In any case, here are a few factors that may cause a delayed BetMGM withdrawal.
Bonus Restrictions
If you’re attempting to withdraw winnings from your bonus, you must first meet the specific bonus terms. They can include things like wagering requirements, maximum withdrawal limits, or the use of bonus bets.
Closed Loop System
BetMGM may require you to withdraw through multiple payment methods due to the so-called “Closed Loop System.” As part of this process, a certain amount of your winnings must be returned to your original deposit method before you can withdraw using a preferred withdrawal service.
For instance, if you deposited $100 with your Mastercard and $70 with Venmo and you’ve won $200 in the meantime, you can only withdraw $100 back to Mastercard, and $70 back to Venmo before you can cash out the remaining $30 with a preferred method.
Documentation Issues
BetMGM may require certain documents before they allow you to request payments. If some of the provided information is invalid, your withdrawal request may be rejected until the issue is solved. You may also be denied payment if you request it through a withdrawal method that’s not in your name.
BetMGM Payout Requirements & Restrictions
Here are a few requirements and restrictions to consider when requesting withdrawals from BetMGM:
- Withdrawals will be returned back to the original deposit method up to the total deposited amount before any other withdrawal method can be used.
- You can’t withdraw any amount you want. The minimum and maximum withdrawal limits associated with each method are listed under Withdrawals on your account page.
- The internal review period for withdrawal usually takes 3–5 days. If approved, the funds will be sent through the requested payment provider. You can check the status of your transaction anytime in the Cashier section.
- If the withdrawal request is still pending, you may choose to cancel it and have it credited back to your account.
Final Thoughts
Requesting withdrawals at BetMGM is a breeze. There are plenty of methods you can use, the process is intuitive, the limits and waiting times are optimal, and there aren’t any unusual restrictions to worry about. If some issues do happen, you can always look for answers by contacting BetMGM’s helpful support team.
FAQs
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Does BetMGM actually pay out?Yes, BetMGM pays out. It is a legit online gambling platform that pays out its winning customers.
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How long does it take for BetMGM to pay out?BetMGM will first review your withdrawal request in 3–5 days. Once approved, the money will be sent to your payment account. Visa, Venmo, PayPal, and Play+ are usually the quickest, with payments often processed within 24 hours.
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How does BetMGM pay out?You can request a payout from BetMGM using a variety of methods, including debit and prepaid cards, e-wallets, electronic checks, bank transfers, and by physically withdrawing cash at selected BetMGM retail locations.
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How hard is it to withdraw money from BetMGM?The process of withdrawing funds from BetMGM is quite easy. You just need to log in, go to the Withdrawal section, pick a method, fill out the details, and submit the request.
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Can an online casino keep your winnings?If you’ve met the bonus conditions, provided proper documentation, and complied with everything stated on the platform's payment policy page, there should be no reason for BetMGM to keep your winnings.
