Last updated on: May 31st, 2023
Sportsbook Deposit Methods For US Players
Understanding sportsbook deposit methods is easier now than ever. The options are similar whether using a sportsbook app or an online sportsbook. Using crypto to deposit into a sportsbook is king because of its speed and anonymity. Also, it is free of fees.
But, crypto is only one method for sportsbook depositing. The use of funding a sportsbook with a credit or debit card is also popular. Add in PayPal, bank wire transfers and money orders and the ways of funding a sportsbook account add up.
These options all come with their own minimums and maximums as well as transfer times and fees. Find all this information about sportsbook deposits throughout this page. We visited every cashier page on legal sports betting sites. So before joining to begin betting, learn about your sportsbooks deposit choices first.
| Rank | Sportsbook | Bonus Offer | Play Now |
|---|---|---|---|
| 1 |  |
75% Up To $750 Read Review | Visit Bovada! |
| 2 |  |
50% New Member Bonus!Read Review | Visit BetOnline! |
| 3 |  |
50% Up To $1,000 Read Review | Visit MyBookie! |
| 4 |  |
100% Up To $300Read Review | Visit Xbet! |
| 5 |  |
50% Up To $1,000 Read Review | Visit SportsBetting! |
#1
Bovada Sportsbook
Multiple Deposit Methods For All Users
Betting fans will not struggle to find a deposit method at Bovada because the online sportsbook hosts so many sportsbook deposit options for all users. Whether you want to wager using debit and credit cards, cryptocurrencies like Bitcoin, or use third-parties like PayPal or Zelle, Bovada allows you to do it. Bovada also provides sports betting bonuses for certain deposit methods, such as the $750 Crypto Bonus for Bitcoin users. This bonus is for first-time users who sign on using Bitcoin.
Rating: 
- Live Betting
- Big Bonuses
- Easy To Use
- Mobile Betting
- Best Odds
#2
BetOnline Sportsbook
The Most Crypto Deposit Options
BetOnline is more focused on cryptocurrency deposits than any other sportsbook. They accept more crypto deposits than anyone, and it shows, as they have more available cryptocurrency deposit types than anyone. BetOnline goes far beyond simply accepting Bitcoin and Ethereum, as they’ll take cryptos as obscure as Shiba Inu and MATIC. They also offer good bonuses for doing this, such as a 100% crypto match on first deposits and a 35% reusable reload bonus on additional deposits.
Rating:
- Reliable Banking Methods
- Strong Server Connection
- 10+ Year Track Record
- Huge Assortment Of Odds
- No App Mobile Betting
How To Make Sportsbook Deposits
The method to make sportsbook deposits is dependent on the type of sportsbook you are signing up for. State-regulated sportsbooks accept cash, credit cards, and a few other methods. Some sportsbooks demand bettors to sign up in person (and some even say to deposit in person). Meanwhile, online sportsbooks accept cryptocurrencies, credit cards, and other options as well. They also allow for remote registration no matter the bettor’s state.
The first thing step before depositing though is signing up. If you are unsure, check out one of the trusted sportsbooks that we list below. Each have their own sportsbook deposit method, so look for the one that has the method you will be using. Every sportsbook has a page which details the options, minimums, maximums, and fees. We have brought this information to you though.
Fastest Sportsbook Deposit Methods
There are a wide array of deposit methods available for sports bettors. These vary in processing time so it is important for sports bettors to know what method takes what length. If you are looking to wager on your favorite sports team, and are looking to get in on the action right now, it would be painful if your deposit method has a 3-7 business processing time. The fastest method to deposit will have your money in your betting wallet within 24 hours. The fastest methods for sportsbook payouts and deposits are the same in that they use cryptocurrencies. They tend to process almost instantly while bank checks and wire transfers can take days. It is good practice to learn the fastest 2023 sportsbook deposit methods when betting at online sportsbooks.
Bovada Deposit Methods
| Method | Deposit Maximum | Deposit Fees |
|---|---|---|
| Visa/ Mastercard | $1,500 | 15.9% Or Higher |
| Bitcoin | $5,000 | 0% |
| Bitcoin Cash | $5,000 | 0% |
| Litecoin | $5,000 | 0% |
| Ethereum | $5,000 | 0% |
| Bitcoin SV (BSV) | $5,000 | 0% |
| Player Transfer | $15,000 | 0% |
| MatchPay | $1,000 | 0% |
| Voucher | $3,000 | 0% |
What Is The Safest Deposit Method For All US Sportsbook Players?
With many different legal sports betting options available in the US, the safest deposit options depend on the sportsbook being used. For example, cryptocurrency is the most secure deposit option for any legal sportsbook but is not currently offered at commercial state regulated books. Until this changes, Bitcoin and other cryptocurrencies can only be used to deposit into internationally regulated sportsbooks like Bovada. Bovada and other online books accepting crypto deposits are 100% secure and have been trusted for legal sports betting in the US for over a decade.
How To To Deposit Bitcoin Into An Online Sportsbook
Bitcoin sportsbook deposits frequently offer the best promotions, are very fast, and set up users for the easies withdrawal in the long run. Learning about cryptocurrencies, and Bitcoin in particular, can be exhausting which is why we have simplified the process into four steps to deposit bitcoin into an online sportsbook.
Steps To Use Bitcoin To Deposit Into A Sportsbook
- Set up a Bitcoin wallet: This is where the Bitcoin is stored.
- Set up an exchange account: This is where Bitcoin (and other cryptocurrencies) are bought. Transfer Bitcoin to wallet.
- Copy the receiving address: Go to the sportsbook that is being funded and choose Bitcoin under deposit methods. Copy that address and head back to the Bitcoin wallet set up in step 1.
- Sending Bitcoin to a sportsbook: Once in the Bitcoin wallet, click “send”. Paste the Bitcoin address and enter the amount to deposit. Once confirmed, your balance should update quickly.
Using Bitcoin as a deposit method can be intimidating, but it is worth it in the long run. Using an exchange like Coinbase can be an easy help for first timers.8x rollover required.
Bonuses Through Bitcoin Deposits
Across all of the legal sportsbooks that accept cryptocurrency transactions, there are Bitcoin bonuses that can be redeemed through new player and existing player deposits. Every online sportsbook recommended on this page offers Bitcoin welcome bonuses and most offer Bitcoin reload bonuses. No matter which crypto sportsbook a player is using, there are no fees for any Bitcoin or other cryptocurrency deposits. The best bonuses from the top Bitcoin deposit sportsbooks can be found below:
- Bovada Bitcoin Welcome Bonus – Bovada offers a 75% deposit match for all new Bicton bettors that can go up to $750 in betting credits and has a 5x rollover attached.
- BetOnline Bitcoin Welcome Bonus – For every player with the legal book, BetOnline offers a BTC welcome bonus of up to $1,000 credits through a 100% deposit match and a 14x rollover.
- SportsBetting Bitcoin Reload Bonus – For every player that has deposited in the past, SportsBetting offers a 35% deposit match of up to $350 that has an 8x rollover required.
Additional Cryptocurrencies Accepted At Legal Sportsbooks
Cryptocurrencies have become the most popular legal sports betting transaction method. While Bitcoin is by far the most well-known, other coin are also accepted by legal sportsbooks. The most popular alternative cryptocurrencies accepted by online sports betting platforms include:
Using Prepaid Cards To Deposit Into Online Sportsbooks
Prepaid cards are one of the more popular sportsbook deposit methods because they are similar to credit cards, but more reliable. Prepaid deposits are also applied instantly to your account. Prepaid cards are not tied to your personal bank account, which means you are not providing any sensitive information and there is no risk of your bank declining the transaction. When purchasing prepaid cards, make sure that the card is good for international purchases. The most commonly used prepaid cards are Vanilla Visa and Green Dot.
Credit Cards Deposits – Visa, MasterCard, American Express
Credit cards are by far the most commonly used method for making online sportsbook deposits. Cashiers will accept Visa, MasterCard, and occasionally American Express. Credit card deposits are instant and incredibly convenient. Your card issuer may charge an “international purchase” fee if you use an overseas-based betting site, and your sportsbook may also have a small processing fee. Credit cards do not have high limits, with the average minimum being $20 and the maximum being $5,000. If using American Express, you can expect the maximum to be lower.
Best Sportsbook Deposit Method For High Rollers
High roller sportsbooks allow you to place greater action on bets than the normal bettor. But getting the cash into the sportsbook is the first step. When you’re betting $5,000 or more on a single bet, you need to have a large bankroll available. The best deposit method for high stakes is one with large or no maximums. For that reason, we recommend that high rollers use bank wire transfers or Bitcoin.
Sportsbook Deposit Bonuses – Reloads Vs. Sign-Ups
Many online sportsbooks offer deposit bonuses when you sign-up and make your first deposit, or when you reload. The former is known as a sign-up bonus, and the latter as a reload bonus. Generally, sign-up bonuses are bigger than reload bonuses, but you can still eke out significant value with reloads.
Sportsbook Deposit Bonuses – Crypto
Cryptocurrency can boost the sign-up bonuses and reload bonuses at many online sportsbooks. For example, using crypto sends Bovada’s $250 bonus all the way up to $750. This comes with no increase in rollover. However, some sportsbooks do increase the rollover when they increase the bonus due to cryptocurrency.
Sportsbook Deposit Bonuses – Rollover
Rollover requirements are the “catch” of sportsbook deposit bonuses. Effectively, they say that you need to wager a certain amount of money – relative to the bonus – before you can withdraw your bonus cash. This amount of money is anywhere from 5x to 15x the bonus value. Keeping track of rollover – and choosing sportsbooks based on bonus rollover – is Betting 101.
Sportsbook Deposit Bonuses – Ways To Beat Rollover
- Using multiple sportsbooks to place wagers on opposite sides of bets at decent odds, and relying on the bonus to keep you profitable.
- Picking and choosing wagers you feel confident in, over a longer period of time.
- Giving up on the bonus money.
What Are The Deposit Options For Online Casinos For US Players?
When using online sportsbooks like Bovada in the US, players can also use their deposits for the online casinos that these gambling sites offer. Most of the internationally regulated sportsbooks offer sports betting, casino games, and horse betting from the same book, with only one deposit needed for access to all. After making a deposit into Bovada, BetOnline, or another similar book, players can place a future wager on the Super Bowl and then head straight to the online slot machines.
Bank Wire Transfers To The Sportsbooks
Of all the available sportsbook deposit methods, bank wire transfers are most preferred by high roller sports bettors. A wire transfer is where you transfer money directly from your bank account to the bank account of the online sportsbook. Bank wires allow bettors to send large amounts of money entirely online. This is the only method that has no deposit maximum, making it ideal for those that have a big bankroll. Bank wires can take an average of 1-3 business days to be applied to your account, though it relies heavily on how fast your bank sends the funds. Your bank will also charge a fee to initiate the transfer.
Person to Person Sportsbook Deposits
Person to Person methods are money transfer systems that allow bettors to send cash both domestically and internationally. Some person to person options include MoneyGram, Western Union, and RIA. The process can be completed at a retail location or online for added convenience. There will be a small fee charged by the service provider, but most online sportsbooks will cover your fees if you deposit a certain amount.
Sending Cashiers Checks To Online Sportsbooks
Checks are the most tried and true of all legal sportsbook deposit methods. Rather than sending money electronically, you can mail in a cashier’s check to an address provided by the online cashier. Checks have higher limits than other methods, typically ranging from $1,000 to $24,000 max. Depending on the mail carrier, it can take as little as 4 business days for the cashier to apply the check to your account.
DirectPay Sportsbook Deposits
DirectPay is a new sportsbook deposit option focused on transfers exclusive to sportsbooks. There are three ways to complete a bank transfer – bank wire, electronic transfer, or cash/counter. You can send up to $9,500 to your online sportsbook with DirectPay depending on the method. While some like the convenience, others would rather visit a bank and deposit cash with a teller.
Using Skrill, Neteller, PayPal, Or PayNearMe To Make Sportsbook Deposits
Use Skrill, Neteller, PayPal or PayNearMe in states with regulated sportsbooks. These are digital wallets where you can keep your money to make online transactions. PayPal is the most popular option, with millions of US residents using it. Being able to fund your online sportsbook account with PayPal is rather convenient.
PayNearMe is a bit different from most of the deposit methods that we cover. This method is exclusive to certain states with online betting sites of their own. Retail shops such as 7-Eleven partner with them, allowing deposits at their location. For example, get gas and refill your sportsbook account at the same time. Present your PaySlip barcode and cash to the clerk inside of the store.
How To Use Zelle To Fund A Sportsbook
Using Zelle to fund either an offshore or stateside sportsbook is very quick and easy. The first step is to research if your bank is one of the many that offer Zelle. Then you set up your account and should link your Zelle account to either your phone number or email. Then you select Zelle as your deposit method and use either that phone number or email to link the account. Once linked to your Zelle sportsbook, it is essentially a bank wire transfer service.
In-Person Sportsbook Deposit Methods
For states that have local land-based sportsbooks, funding your account in person is another option. While these brick and mortar sportsbooks may offer a handful of choices, cash is always king. Using cash at a casino player’s cage or the sportsbook itself allows action on that one bet. Other sportsbooks may allow PayNearMe or other sportsbook funding methods that can be found at local stores like CVS, Family Dollar, or 7-Eleven.
Using Cash App For Legal Sportsbook Deposits
When using Cash App, bettors have a couple different ways to fund a legal sports betting account. For both of these methods of funding a sportsbook account, there are zero fees attached to the actual deposit and bettors a wide range for deposit maximums.
As a P2P service, Cash App can be used for sportsbook deposits through another service called MatchPay. This process works for only Bovada currently, but allows bettors to connect as pay for each other’s Bovada credits through Cash App transfers.
- $20 minimum deposit
- $1,000 maximum deposit
The most efficient way to fund a sportsbook with Cash App is through Bitcoin. The payment service added a function to the app that allows bettors to purchase Bitcoin directly, use the app as a wallet, and send it straight to an online sportsbook. The Bitcoin section of the app has a QR code that can be used to make instant transfers to all of the online sportsbooks that accept Bitcoin.
- $10 minimum deposit
- $5,000 maximum deposit
International Deposit Methods at Legal Sportsbooks
While internationally licensed sportsbooks are the most widely accepted sports betting options in the US, it is beneficial for players to understand the deposit methods that are accepted from international locations. Depending on the player’s bank, credit/debit card and bank transfer transactions may not be allowed overseas. Even if they are accepted, these methods will typically charge fees for the transaction being outside of the US. The secure deposit methods below are also allowed for international transfer requests from the US:
- Bitcoin
- Altcoins
- Pre-paid credit cards
- Wire transfers
- Player Transfers
Sportsbook Deposit FAQs
Why Was My Credit Card Deposit Declined?
Credit cards get declined at online sportsbooks generally from the bank. Some banks will not allow transactions related to online sports betting due to the UIGEA. That is why online sportsbooks have several deposit methods. If your card does not work on the first attempt, look for a message from your bank. After the first approval, try again. Most times it will work, otherwise try another card.
Does my payout come back using the same deposit method I made?
When possible, your payout will come back using the same method that you used to make a deposit. Checks and Bitcoin are available as both deposit and withdrawal methods. Money orders and credit cards are deposit options but are not payout options. In these instances, you can speak with customer service to discuss alternative options.
If I deposit through CC, what documents do you need to request a payout?
If you deposit with a credit card you will need to verify your identity before processing a payout. Show a few requested documents to the sportsbook and you’re on your way. Usually, a picture of a photo ID (front and back) and a utility bill to confirm your address do the trick.
What Withdrawal Methods Are Offered?
When it comes time to request a sportsbook payout, you will find that there are many options to choose from. Many sportsbook deposit methods are withdrawal methods (Bitcoin, checks and bank wire transfers). You can also get your winnings via a person to person method such as MoneyGram, Western Union, or RIA.
How Does The UIGEA Impact Sportsbook Deposits?
The UIGEA a federal law that can make it more difficult to process sportsbook deposits. The law requires banks to monitor payment methods for online gaming activity. Somewhat outdated, UIGEA can restrict these transactions. This is why you may have to try a deposit method several times before it works. The UIGEA does not make online sports betting illegal, as the focus is on the bank.
Are there any promotional bonuses that can be added to my initial bankroll deposits?
Yes. Promotional bonuses vary by sportsbook but are a great way for new users to get extra cash to begin betting. Redeem a bonus by using a sportsbook deposit code or promo offer while making a deposit. When searching for the best promotional bonuses to use, it’s best to look at a few online sportsbooks. Find the sportsbook bonus best for you in relation to your sportsbook deposit method.