DraftKings Banking Information
- Deposit Options: Bank transfer, Debit card (Visa, Mastercard, Discover, Amex), PayPal, Venmo, Apple Pay, Wire transfer, crypto, DraftKings gift card, electronic gift card, Cash@ Cage
- Minimum Deposit: $5
- Withdrawal Options: Online banking, PayPal, debit card, Cash at Cage, Venmo, Trustly, Apple Pay, Checks, wire
- Minimum Withdrawal: $1
- Payout Speed: Up to 2 business days for most methods
Deposit & Withdrawal Methods
Payout Speed
Up to 2 Days
DraftKings has more deposit and withdrawal options than any online sportsbook except FanDuel.
It's easy to fund your account and, when you're ready to withdraw, payouts are fast.
Let's dive into DraftKings' banking:
DraftKings Deposits: A Dozen Ways to Fund Your Account
DraftKings supports 11 deposit methods.
They also support a range of payment solutions including gift cards, online banking, and e-wallets.
A common problem players have is attempting to deposit with a method that isn't in their name. You have to use a payment option with a name that matches the name on your DraftKings account.
Deposit Method | Minimum Deposit | Processing Time |
|---|---|---|
| ApplePay | $5 | Instant |
| Bank Wire | $100 | Instant |
| Cash at Cage | $5 | Instant |
| Cash at Retail Stores | $5 (max $500 daily) | Instant |
Crypto | $5 | Instant |
Debit Card (Visa, Mastercard, Discover, Amex) | $5 | Instant |
| DraftKings Gift Card | $5 | Instant |
| Electronic Gift Card | $5 | Instant |
| Online Banking | $5 | Instant |
| PayPal | $5 | Instant |
| Venmo | $5 | Instant |
DraftKings Withdrawal Methods & Payout Speed: Many Options & Quick Payouts
DraftKings offers nearly as many options for withdrawals as deposits—pretty much all except credit cards. You'll find 9 different ways to cash out your winnings.
Typically, you can only withdraw using the same method you deposited with. If you need to switch it up, you'll need to reach out to their support team.
Also, DraftKings may ask you to verify your account before making your first withdrawal. This requires submitting a government-issued ID (such as driver's license or passport, etc.) and proof of address (such as a utility bill).
They handle cash out requests on weekdays (excluding federal holidays) between 9 am and 5 pm ET. If you order a withdrawal request after 2 pm ET, it waits until the next business day.
The processing time and limits for withdrawals vary by method. Check the table below for further details.
Withdrawal Method | Minimum Withdrawal | Maximum Withdrawal | Payout Speed |
|---|---|---|---|
| Online Banking | $1 | $100,000 | Up to 5 days |
| PayPal | $1 | $60,000 | Up to 2 days |
| Debit Card | $1 | $25,000 | 1 day |
| Cash at Cage | None | $100,000 | 1 hour |
| Venmo | $1 | $20,000 | Up to 2 days |
| Trustly Verified Withdrawals | $1 | $100,000 | 1 day |
| ApplePay | $1 | $25,000 | 1 day |
| Checks | $15 | $100-50,000 | 1-14 days, depending on the sum |
| Bank Wire | $20,000 | N/A | Up to 2 days |
Overall, DraftKings scores highly in all aspects of banking. They handle withdrawals within 24 hours for certain methods, making them one of the fastest paying sportsbooks around.
Here are three other sportsbooks that score well in banking:
GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR).
21+ and present in most states. (18+ DC/KY/NH/PR/WY). Void in NH/OR/ONT/PR. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Max. $100 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: sportsbook.draftkings.com/promos. Ends 5/31/26 at 11:59 PM ET.
