The best US sportsbooks continually strive to provide diverse banking choices to cater to their customers’ needs. Offering fast and secure options for depositing and withdrawing funds tends to foster enduring customer satisfaction and loyalty. However, only a select few top-tier sports betting providers currently embrace PayPal as a viable banking method.
The main advantage of using PayPal for online sports betting lies in its seamless and rapid deposit process, ensuring that funds are available for wagering within a matter of minutes. Consequently, it is no surprise that sports enthusiasts actively seek online sportsbooks that offer this e-wallet among their banking options.
Furthermore, PayPal emerges as a particularly favorable choice in terms of processing fees for both deposits and withdrawals. More experienced bettors are likely aware of the zero-fee potential that arises when funding PayPal through a bank transfer instead of a credit or debit card.
In contrast, using cards entails a 2.9% fee for both deposits and withdrawals. In the subsequent sections, we will explore the most popular US brands that support this banking method.
- Welcome offer activates if your first bet loses
- Great mobile betting experience
- Variety of betting markets on offer
*Except NY & NV. Bonus Bets Expire in 7 Days. One New Customer Offer Only. Additional terms apply.
BetMGM Sportsbook
In addition to offering new customers the highest value welcome bonus in the form of its $1000 First Bet Insurance, BetMGM Sportsbook was also one of the first to introduce PayPal as a banking method.
Besides the opportunity to make smooth deposits and withdrawals, this operator also offers many betting options for different sports. What we really like about BetMGM is that it has a powerful and user-friendly platform for both desktop and mobile users (including the five-star BetMGM Sportsbook app).
Sign up with BetMGM and start betting within minutes or check out our thorough BetMGM US Sportsbook Review for more information.
DraftKings Sportsbook
If you enjoy sports betting and daily fantasy sports, DraftKings Sportsbook is the perfect destination to satisfy your needs. It is considered one of the best sportsbooks in the country, with a unique design, and the platform is very easy to navigate.
DraftKings US has arguably the highest number of options when it comes to deposit/withdrawal methods, and PayPal is on that list.
There are plenty of excellent reasons to give this premier brand a shot, from the Dynasty Rewards Program, daily & weekly promotions, highly competitive odds, and a vast selection of DFS tournaments for different sports.
The current welcome offer of Bet $5 Get $150 is also very tempting, so wait no more and sign up for DraftKings.
BetRivers Sportsbook
BetRivers Sportsbook stands as another prominent force within the US sports betting landscape. Powered by software crafted by Rush Street Interactive, this operator easily made it to our Top 3 US Sportsbooks that Accept PayPal list, mostly thanks to its variety of options for MLB betting and a high number of live-streamed events across different sports.
You can enjoy live-streamed soccer or ice hockey matches on the official BetRivers Sportsbook app in high resolution, and the best part is it is completely free to use for anyone with an account.
This significantly enhances the live betting section and the overall experience. If you decide to try them out, BetRivers offers new players a First Bet Insurance of up to $500 if your first bet lets you down, BetRivers has your back.
Learn More: Ranking the Top US Online Sportsbook Bonuses: Value, Terms, & Commitment.
FAQ
What are the main advantages of using PayPal for sports betting?
PayPal is the most popular e-wallet worldwide, providing secure, private, and fast transactions for sports bettors in the United States. As mentioned above, there is a way to avoid all processing fees if you fund your PayPal account using a bank transfer.
What is the processing time for deposits made via PayPal?
We have tested all the sportsbooks mentioned above, and PayPal deposits were processed instantly across the board. We are long past the era where players needed to wait hours before being able to place wagers. If you need/want to place your bets fast, PayPal is the best option.
What about the processing time for PayPal withdrawals?
Like all other popular withdrawal methods, it will take a couple of working days for most US sportsbooks to process the payment due to strict verification rules and additional checks in some cases.
How do I start online sports betting with PayPal?
The first step is to create an account with PayPal and connect it to your bank account. Simply head to the PayPal homepage or download the app to register and verify your account. Note: the verification process required to connect your bank account sometimes takes a day or so to process.
Step number two is to fund your PayPal account using one of the multiple deposit options. When done, select PayPal as your desired deposit option at your online sports betting site and complete the transaction.
