Place sports bets with Paypal. There are nine online sportsbooks in New York that accept PayPal as a deposit and withdrawal method. This is because PayPal is one of the most popular e-wallets among NY bettors.
PayPal allows you to quickly and easily deposit and withdraw funds from your betting account, also via mobile apps and place sports bets. In addition, PayPal is a safe and secure way to manage your online betting account.
PayPal Online Sports Betting Apps and Sites
- betMGM / code NYDOTBET
- DraftKings sportsbook
- Caesars NY
- Bally Bet
Let’s look at the New York online sports betting sites and see which of the nine licensed books are PayPal friendly.
BetMGM does accept PayPal, so you can easily bet with Paypal. All transactions are processed within 24 hours. Players establish personal deposit and withdrawal limits in conjunction with BetMGM staff.
At BetMGM you can access a signup bonus of a risk-free first bet with a maximum of $1,000. To join BetMGM Sports NY, select Register, provide your first and last name, email, date of birth, account name and password, SSN, phone number, and address. Create a unique username and password, along with some security questions. Verification of this info will be required.
The BetRivers New York sports betting app accepts PayPal for sports bets: both deposits and withdrawals. Both deposits and withdrawals through PayPall are generally processed instantly. No fees are attached to PayPal transactions.
The minimum deposit with PayPal at BetRivers is $10. There is no maximum deposit. As well, no upper or lower limits are placed on PayPal withdrawals.
PayPal deposits and withdrawals can be made to Caesars online sportsbooks either directly through the player’s PayPal account, or from their personal bank account. The minimum and maximums for deposit and withdrawal are $20 and $5,000.
While Bally Bet doesn’t technically accept PayPal, it is possible to fund your Bally Bet New York account with PayPal via their Bally Bet Play+ card. Maximum deposit to an account is $25,000. The maximum daily withdrawal is $15,000. The minimums in each case are $10.
To sign up at Bally Bet, some personal information must be shared, including name, date of birth, physical address, email address, phone number and Social Security Number. A unique username and password must be created and proof of age needs to be provided. You’ll also be asked to create security questions.
PayPal deposits and withdrawals process immediately at DraftKings. The minimum deposit is $5. There’s no maximum limit on deposits, although players can establish personal limits by consulting DraftKings. As for withdrawals, the minimum is $1 and the maximum $60,000.
To use PayPal with FanDuel, account holders will need to first have their bank account linked to PayPal. PayPal deposits at FanDuel will be accessible immediately. PayPal withdrawals at FanDuel can take up to 48 hours to be processed. The minimum deposit is $10, while maximum deposits are set by contacting FanDuel. As for withdrawals, as little as $10 and as much as $5,000 may be withdrawn in one transaction.
PayPal is accepted at Resorts World. The minimum deposit and withdrawal limit is set at $10. There are no maximums in place.
NY TOP PayPal Betting Platforms Compared
|Paypal withdrawals and process time
|no minimum, 12 days
|no maximum withdrawals, use code NYBRV
|$5,000, 1-2 days
|Bally Bet App
|max deposit $25,000
|max daily $15,000
|$1, max – $60,000, 24h
|from $1, max $5,000, 48 h
How to Fund Your PayPal Sports Betting Account in New York
If you already have an existing PayPal account, then the next thing you need to do is to fund your account. You can do this by adding an account to your PayPal profile. Once you have added an account, you will be able to transfer funds from your bank account or credit/debit card.
- Go to your account page and then click on the “Link a bank” or “Link a card” option.
- Input the card type, card number, expiration date, and CVC code (if required).
- Click “Add Money” and then transfer the amount that you want to deposit into your sports betting account.
From there you can now deposit to your choice of online sportsbook that accepts PayPal. For an easier method, you can directly link a bank account to your PayPal account. This will allow you to instantly transfer funds from your bank account to your betting site account.
Withdrawing Winnings Using PayPal
Withdrawing is as easy as depositing. All you need to do is go to the “Payment” or “Withdrawals” page of the online sportsbook that you are using. Select PayPal as your withdrawal method and input the amount that you want to withdraw. Take note that some websites have withdrawal options, be sure to check that first. It is important to note that PayPal has a fee of 2.9% for every withdrawal transaction.
Minimum and Maximum Deposits and Payouts
The minimum deposit and withdrawal amount may vary depending on the online sportsbook that you are using. Many online sportsbooks, however, do not advertise their limits. So it is always best to check with customer support first. Maximum payouts on the other hand often range from $5,000 to $10,000 per transaction. The average time it takes for the payout withdrawal to reflect on your PayPal account is within 24 to 48 hours.
- BetMGM: $10
- PointsBet: $0
- Caesars: $10
- DraftKings: $5
Promotions at Paypal Sportsbooks in New York
BetMGM Bonus Code in 2024 is USDOTBET
BetRivers NY Sportsbook: Get up to $100 Bonus Match
Caesars NY Sportsbook: Bet $50 Get $250 Bet bonus
Draftkings NY Sportsbook: Get up to $1,000
Resorts World Bet App: Risk-Free Bet up to $500
Why to use Paypal?
PayPal is arguably one of the most convenient and safest ways to manage your online betting account. So if you’re looking for an easy and hassle-free way to deposit and withdraw funds, then we recommend that you use PayPal.
NY PayPal Betting FAQs
Now that you’ve made the decision to sign up with a New York betting app, the next step is to fund your account to enable the wagering to get underway. PayPal is among the most popular payment methods in the online sports betting industry, mainly for two reasons. Firstly, it is the easiest format for depositing and withdrawal of funds from an online sports betting account. Secondly, PayPal is almost universally accepted within the industry. Here are some common questions about using PayPal for betting in New York state.
Yes, all nine active online sports betting sites accept PayPal as a banking method in some form.
PayPal deposits process instantly. Withdrawals via PayPal are generally processed within 24-48 hours.
All winnings from New York online sportsbooks are subject to taxation.