A player walks away from a weekend of NJ sports betting a winner. Now, what?

Signing up for DraftKings is a relatively straightforward process that entails providing a few pieces of information including name, date of birth, email, and state of residence. DraftKings: deposits and withdrawals. DraftKings offers one of the more robust cashiers in the daily fantasy sports arena.

It can be a bit more difficult to withdraw money from an online sportsbook then it is to deposit it. Sports bettors should plan if they hope to get their hands on their money sooner rather than later.

Just like the different sportsbooks have different deposit methods, they also have different withdrawal rulesand timelines.

• We are regulated by the New Jersey Division of Gaming Enforcement as an Internet gaming operator in accordance with the Casino Control Act N.J.S.A. 5:12-1 and its implementing regulations.
• DraftKings does not need a local partner to operate legally in Tennessee. West Virginia – Licensed by the West Virginia Lottery, operating in partnership with Hollywood Casino at Charles Town Races. Deposits And Cashouts At DraftKings Sportsbook. DraftKings Sportsbook offers multiple deposit and withdrawal methods.
• DraftKings sportsbook spreads five withdrawal methods, including ACH/e-Check, wire transfer/online banking and PayPal. You can also cash out money at one of DraftKings’s retail sportsbooks in the U.S. Processing times vary, but cash-out requests can take up to eight business days. Checks by mail take up to three weeks to arrive.

As a follow-up to our analysis of deposit options at NJ gambling sites, we recently went through the withdrawal policies for New Jersey online sports betting accounts.

Withdrawal options at NJ sportsbooks

DraftKings Sportsbook

DraftKings Sportsbook has some of the most limited withdrawal choices. Players can withdraw via the same methods they deposit.

DraftKings calculates a player’s available balance by the amount of funds deposited plus the net amount a player won. Then it adds the funds on the player’s daily fantasy sports account to arrive at the total available funds for sports betting or withdrawal.

BetStars

BetStars credits withdrawals back to the original deposit method, starting with the oldest deposit method first.

The company applies withdrawals up to the amount deposited and then credits the next oldest deposit method in the following order:

• Instant e-checks
• Neteller
• PayPal

A player can choose the withdrawal method for any withdrawal amount left over after matching all original deposit methods.

Each method, however, has different timelines:

• Electronic wallets: Funds will appear immediately after processing up to the amount deposited and three to 10 business days for withdrawals more than the deposit amount.
• Instant e-checks: Allow three to 10 business days for the funds to appear on the statement.
• PokerStarsPlay+ card: Allow up to 72 hours for funds to appear.
• Resorts Casino cage withdrawals take approximately two hours.

FanDuel Sportsbook

FanDuel Sportsbook has some specific requirements for its withdrawals.

For instance, the sportsbook will only approve ACH and e-check withdrawals to brick-and-mortar banks. However, players can have up to three bank accounts saved in their wallet. Allow four to six business days for funds to appear.

Players may only withdraw to PayPal or a Betfair prepaid card if they used the wallet to deposit funds. Expect funds to appear within 48 hours.

FanDuel is also willing to mail a physical check to the address on file. Allow five to seven days for processing plus mailing time.

Caesars and 888 Sport

Caesars Sportsbook and 888 Sport follow the same withdrawal procedures, and Caesars processes them.

Both companies require verification of a players withdrawal choice before the withdrawal can proceed. We provide some insight into the verification process but watch for specific instructions from 888 after initiating a withdrawal.

A player has 14 days to verify the withdrawal method. Failure to confirm the deposit method will result in the cancellation of the withdrawal. The company will return the funds of the canceled withdrawal to the player’s account.

888 Sport and Caesars automatically processes withdrawals back to verified deposit methods with one exception.

888 Sport does not process withdrawals back to credit and debit cards. Caesars will, but only after the use of all other verified deposit methods.

SugarHouse Sportsbook

Draftkings Withdrawal Time

SugarHouse makes available funds for withdrawal to a variety of methods. The sportsbook processes most withdrawals within 24 hours, but it can take up to 72 hours.

Once approved, delivery time to the various withdrawal methods varies:

• SugarHouse prepaid card: Funds are available immediately.
• Neteller: Funds are available within 24 hours.
• ACH/e-check: Funds are available within three to five business days.
• Casino Cage: Funds are available immediately.
• Check by mail: A physical check will arrive within 10 to 14 business days.

William Hill

William Hill NJ has limited withdrawal options.

Players can withdraw funds to a William Hill prepaid card. Additionally, players can pick up funds at Monmouth Park Sportsbook and William Hill Sportsbook at Ocean Resort Casino.

William Hill processes withdrawal requests within 72 hours. According to its website, they ask customers with larger deposits and withdrawals to contact customer support.

playMGM

PlayMGM may request a security review of any withdrawal.

Players should allow up to five days for processing. Once approved, funds are available “as soon a reasonably possible depending on the withdrawal method you chose.”

Withdrawal verification requirements

Sportsbooks have the right to ask for verification documents before approving a withdrawal. Those documents vary based on the deposit method and withdrawal preference.

Credit and debit card withdrawals

The sportsbook may want to verify the credit or debit card belongs to the person requesting the withdrawal.

Verification includes providing a copy of the front and back of your credit card. Most books will ask to black out the three-digit code on the back and the middle eight numbers on the front of the card.

If verification is needed, the sportsbook will provide detailed instructions.

Bank transfers and ACH withdrawals

Verifying a bank account usually requires a copy of a bank statement with a name and account number.

Other documentation requests

A player may be required to provide proof of the address used when registering for the sportsbook account. It can come in the form of a utility bill, credit card statement, or a copy of a government-issued ID card.

Additionally, a sports bettor may be asked to prove they are who they say they are. A government-issued passport, driver’s license, or state ID card is sufficient to determine one’s identity.

A final reminder for all you NJ sports betting enthusiasts: Ensure the name, account numbers, and address are clear and readable. The faster the information gets verified, 001bthe faster the money will be on its way.

DraftKings Sportsbook has added another method to its roster of deposit methods. Players in New Jersey can now use Play+ Prepaid to fund their accounts on the online sportsbook.

Yes, DraftKings makes the withdrawal process simple by letting you withdraw funds at any time. Players can withdraw their funds with a check, PayPal, ACH, and cage pick up at a retail location. Also, people who withdrawal with PayPal might only be able to use PayPal if that's how they deposited money. DraftKings Sportsbook - The Next Frontier. DraftKings Casino Huge $1500 Welcome Bonus + $10 Free Play. The initial $10 welcome offer allows you to play games for free! This a great way to experience what DraftKings has to offer and to get a feel for the way they operate. You can then go onto claim you second DraftKings Casino welcome bonus.

DraftKings Sportsbook users can wager on the vast majority of collegiate teams, sports and events. However, New Jersey sports betting regulations prohibit wagering on collegiate sports or athletic events that take place in New Jersey, as well as any single game events involving a New Jersey college or university team regardless of where it.

Play+ Prepaid has elements of both an e-wallet and a prepaid debit card. In order to fund Play+ Prepaid, bettors can use their Visa, MasterCard, Discover, or checking account. Gwent pc.

The funds then proceed to the player’s account in much the same way as a prepaid debit card. But unlike a prepaid debit card, it is possible to withdraw the funds from the DraftKings site directly into the player’s Play+ Prepaid account.

So, in that, the method is similar to electronic wallets such as Neteller. Play+ Prepaid should give players far more flexibility for funding their accounts and moving money around.

DraftKings Sportsbook struggles with deposit methods

For the first month of its existence, players could only fund their accounts using Visa, MasterCard, or a bank transfer. Not only did these restrictions limit the player pool, but it also made withdrawing funds from the site much more difficult.

Credit cards on sports betting sites are also a dodgy proposition due to the financial atmosphere in the US. Since the passage of the UIGEA and the crackdown on gambling websites, credit card companies are far more likely to deny those kinds of transactions.

Thankfully, DraftKings addedPayPal to its list of approved deposit methods back in early September. The e-wallet gave many more players a way to deposit and join the NJ sports betting crowd.

This most recent addition is, therefore, a very welcome one for players.

DraftKings holding its own in NJ sports betting

Play+ Prepaid will certainly bring more players to the DraftKings site in the near future. However, in truth, DraftKings hasn’t really noticed its lack of methods causing many problems.

DraftKings Sportsbook has dominated the New Jersey online sports betting scene since it launched in the first week of August. Buoyed by a three-week de facto monopoly to begin its journey, the app’s monthly NJ sports betting revenue is more than three times that of its closest competitor.

Of course, the first-to-market advantage only gets a foot in the door. DraftKings has kept and increased its market share due to a slick, innovative app with an intuitive interface and a lot of flexibility.

For DraftKings, the site’s banking options had been a bit behind its competitors, so adding Play+ Prepaid is the right move.

DraftKings Sportsbooks is one of the easiest betting sites and apps to withdraw your winnings from. If you have never done it before, you may be wondering how do you make a withdrawal?

DraftKings is well-known globally for its daily fantasy sports (DFS) competitions. Customers regularly sign up with the DraftKings sportsbook so they can bet on their favorite sports and take part in the famous daily fantasy sports contests. However, what happens when you win, and it’s time to access some of your excess money, and you wish to make a DraftKings withdrawal? You may be wondering ‘how does DraftKings payout?

You will be pleased to discover that making a DraftKings sportsbook withdrawal is a straightforward process. Indeed, a DraftKings withdrawal at the sportsbook is as simple as making a deposit. Creating a DraftKings account, funding that account, and then making a withdrawal request is an efficient process that is crucial for any sports betting site in the United States. You will need to make sure you verify your account before being able to make a withdrawal, and this may require you to send in documents.

If you aren’t yet a customer of the sportsbook, you can join at sportsbook.draftkings.com and get a $1,000 free bet bonus! You can also claim some other free bets from US sportsbooks too!

So, you have entered your DraftKings promo code, used your deposit bonus, and now you want to cash out your winnings. This article covers the DraftKings payout structure, how you can access your winnings, and the runs you through the DraftKings withdrawal times.

How To Make Your First DraftKings Withdrawal

The nice part of betting is that moment when you have won, and you come to access the spoils of victory. Making a withdrawal at DraftKings sportsbook is straightforward; you can be set up and make a request with just a few clicks from the ‘my account’ page. Below is a rundown of how this process works.

1. Log in to your DraftKings account at sportsbook.draftkings.com
2. Select My Account from the dropdown menu
3. Select which account to withdraw from (Sports & Casino or DFS)
4. Enter the amount you want to withdraw, then press continue
5. Select how you want to receive your winnings
6. Press the Request Withdrawal button

It’s very easy to withdraw using the above method and this is the same on the mobile app or full site. Please note that the minimum withdrawal amount on the DraftKings sportsbook is $20. The first part of your withdrawal will be paid to the original source used for the deposit, with any surplus funds paid to a method of your choice, such as PayPal or Neteller.

When your request has been made, DraftKings will send you an official withdrawal confirmation. If you have entered the wrong amount or done something wrong, you can cancel the process. In this instance, make sure you cancel as soon as possible, so the withdrawal does not go through.

DraftKings offers help on its website via a frequently asked questions section. Alternatively, you can email their customer service team via [email protected].

If you continually face withdrawal problems from the sportsbook at DraftKings, you may also want to read our guide to DraftKings sportsbook alternatives.

Withdrawal Payment Methods Available at DraftKings Sportsbook

When you would like to begin the process of making a withdrawal from your account, DraftKings will automatically select the payment method that was used when you made your first deposit up to the amount of previous withdrawals. Any funds that are left are then paid via PayPal or Check. DraftKings requests that customers notify them if there have been any changes made to your original credit or debit card, which was initially used to fund your account.

Full list of available deposit options:

• Bank account
• Credit & Debit cards
• Prepaid DraftKings card (Play+)
• PayPal
• E-Check
• Casino cage

How Long Does Draftkings Withdrawal Take

You can also check out our guide on using prepaid cards at DraftKings sportsbook. There is no stated DraftKings withdrawal limit; however, make sure you know documentation is needed for large withdrawals.

DraftKings is a very trustworthy and reputable daily fantasy sports website and sportsbook based in the United States. Consequently, players can be safe in the knowledge that they will receive their winnings quickly when it is time to make a withdrawal.

Withdrawal times

DraftKings state on their website that they can process withdrawals Monday to Friday between 9 AM to 5 PM ET. Once the withdrawal request has been processed, it can take anywhere from two to seven business days for the player to receive their money, depending on which payment option was selected. Checks can take longer to send out, typically taking approximately one week to be delivered in the post. Numerous DraftKings players have said they often get their money in a matter of days and sometimes within hours.

We have found it is best to request a withdrawal on a Monday morning. As you can imagine there are a lot of players winning and trying to withdraw over the weekend. If we opted to withdraw on a Monday, funds were normally with us in a couple of banking days.

Paying Taxes On Your Winnings

If you have won big on a daily fantasy sports contest or big bet, and the total money generated is above what has been deposited, these funds are subject to federal taxes in the United States. When you reach $600 in net profit during a calendar year, DraftKings Sportsbook and DFS site is required to issue a 1099 and will be reported to the IRS. Any net profit that falls below the figure of $600 will not be reported. However, players are still legally required to report this extra income on their taxes.

FAQs

Draftkings Withdrawal Time

How long does DraftKings withdrawal take?

The DraftKings sportsbook states that once their accounts department has processed your withdrawal, it can take between 2-8 business days for the funds to appear in your PayPal or bank account. Checks can take longer, sometimes up to three weeks. You could do a FanDuel Vs. DraftKings comparison on banking methods if you are unsure of which sportsbook to use.

Draftkings Sportsbook Withdrawal

Why does DraftKings refund my money for withdrawal?

Draftkings Daily Fantasy

Where possible, DraftKings will first refund any deposits made within the last 90 days. Contact the operator directly if there is a DraftKings sportsbook withdrawal hold.

How Long does DraftKings PayPal withdrawal take?

Draftkings Withdrawal Time

Draftkings Cage Withdrawal Nj Rules

Draftkings Withdrawal Time Reddit

If you use e-wallets such as PayPal or Neteller, you should receive your money within 2-8 days. Players have reported receiving their funds in a shorter period, sometimes within hours. If there are any DraftKings withdrawal issues in 2021, you can contact the sportsbook directly.