TwinSpires Sportsbook Deposit & Withdrawal Options

TwinSpires announced in February 2022 that it would be shutting down its sports betting operations. Check out our picks for the best online sportsbooks here for an alternative or see special offers from our partners below.

*Special offers from our partners

Our Partners

Intro Bonus

Next Steps

$1,000 No Sweat First Bet

States: AZ, CO, CT, IL, IN, IA, LA, MI, NJ, NY, PA, TN, WV, WY, VA

2 Risk-Free Bets Up to $2,000

States: CO, IL, IN, IA, MI, NJ, NY, PA, WV, VA

Risk-Free Bet Up to $1,000

States: AZ, CO, IL, IN, IA, LA, MI, NJ, NY, PA, TN, VA, WV, WY

Bet $100, Get $100 Free Bet

States: AZ, CO, IN, LA, MI, NJ, NY, TN, VA

TwinSpires Sportsbook offers all of the major deposit and withdrawal methods and payouts are very fast. All of the deposit methods are instant and there are many withdrawal options that are instant after approved. We rated TwinSpires' banking options as 5 stars out of 5.

>> Learn more about TwinSpires in our full review

TwinSpires Sportsbook Deposits Methods

Method

Min Deposit

Max Deposit

Deposit Time

Online banking

$10

$9,999

Instant

Debit/credit card (Visa, Mastercard)

$10

$9,999

Instant

PayPal

$10

$9,999

Instant

TwinSpires Play+ Card

$10

$2,000

Instant

Cash (at physical sportsbook)

$10

None

Instant

Cash (via PayNearMe)

$10

$550

20 mins

Cash (via Vanilla)

$10

None

Instant

TwinSpires Sportsbook Withdrawal Methods

Method

Min Withdrawal

Max Withdrawal

Withdrawal Time

Online banking

$10

$9,999

2 - 5 days

Cash (at physical sportsbook)

$10

n/a

Instant

PayPal

$10

$9,999

Instant after approved

TwinSpires Play+ Card

$10

$25,000

Instant after approved

Check

$10

n/a

Not disclosed

How to Deposit With TwinSpires

TwinSpires offers a large number of deposit and withdrawal methods, as well as fast payouts, which are some of the best things about the sportsbook.

There are some things you need to know about, however. For example, you can only use some withdrawal options, such as PayPal, if you initially deposited with it.

TwinSpires does not charge any fees for deposits and transaction limits depend on your chosen method.

Here’s how to deposit money into your TwinSpires account:

  1. In the upper right corner of the Bet Now page, click on the user menu/account icon.
  2. Select Balance and then hit the Deposit button.
  3. From the list of available methods, select the one you intend to use.
  4. Depending on the method of choice, you will have to input not just the deposit amount but e-wallet login information, bank routing, and account numbers, card info, or online banking login information.
  5. Confirm the transaction, and your funds should reach your playing account almost instantly.

How to Withdraw Money from TwinSpires

Withdrawing your winnings is equally as simple as making a deposit. Here’s what to do to get a payout from TwinSpires:

  1. Click on the My Account icon found in the top right corner of the page.
  2. From the list of options, select My Funds and then hit the Withdraw button.
  3. Select the withdrawal method from the list of options. Methods you have used for depositing are the only ones available for withdrawals.
  4. Insert the desired withdrawal amount and corresponding transaction and account details.
  5. TwinSpires will review your request and wire the money if approved.
    a. TwinSpires intends to authorize all payout requests within 24 hours.
    b. If further account verification is needed, delays in processing withdrawals are possible.
  6. Confirm the transaction and wait between 1-7 business days for the winnings to reach your account.

TwinSpires Deposit & Withdrawal FAQs

Yes, TwinSpires does not charge fees for deposits or withdrawals. However, your local bank or credit card companies may charge a certain fee, like for the wire transfer service.

TwinSpires accepts only Visa and Mastercard credit cards. So, if your credit card gets declined, you might have used a card from another payment institution, like American Express.

Also, your banking institution needs to accept TwinSpires’ merchant code for online gaming for your payment request to go through. In case of an issue, reach out to your financial institution for help.

Remember, you can always use other methods, such as PayPal or Play+ Card, if your credit card gets rejected.

The TwinSpires Play+ is a personal prepaid card linked to your playing account that lets you perform safe and fast deposits and withdrawals. To use TwinSpires Play+, you must first enroll in the program and create a Play+ account.

Typically, if you want to remove a payment method (for example, an online banking method or a credit card) you need to go to the Banking page. Then, click on that method, select add account, and hit the Trash Cash button to delete the selected method.

If you opt for a cash deposit to fund your TwinSpires account, you can do so via multiple available options:

  • GreenDot @ the Register. A new cash-only method available at a lot of retailers across the country. You need to visit the licensed retailer and show the barcode you have generated on the TwinSpires’ deposit page. The clerk will scan the barcode that contains the information regarding your deposit’s size. You will pay for the deposit in cash, plus a $4.95 service fee.
  • MoneyGram. When performing a first MoneyGram deposit, you will need to provide the operator with your name, address, phone number, and your wagering account number. Upon completed registration, you need to go to the cashier at the MoneyGram location and give the cashier the deposit amount plus a $3.95 fee.
  • PayNearMe. To deposit via PayNearMe, go to the Balance section, choose PayNearMe, enter your zip code, and choose one of the available PayNearMe locations operated by CVS, Family Dollar, Casey's General Store & 7-Eleven). Click on “Pay” to obtain further instructions and the barcode you will present to the retailer, alongside the cash for your deposit, plus the usual $3,99 fee.

Yes, you can. You can mail a check to TwinSpires using the following mailing information:

P.O. Box 8510
Lexington, KY 40533-8510.

Make sure to write your ADW Account Number on your check. Personal checks take 5 days to clear.

If you are still having trouble making a payment, you should contact the 24/7 available TwinSpirers customer support. Use the live chat option by clicking the icon at the bottom right-hand side of the screen, email at [email protected], or dialing a phone number 1-877-774-7371 from 9 am to 2 am ET.

TwinSpires State Availability & Physical Sportsbook Locations Where You Can Deposit & Withdraw Money

State

Launch Date

Retail Casino Partner

Michigan

January 2021

Island Resort & Casino

Tennessee

March 2021

N/A

Colorado

April 2021

Bronco Billy's Casino

Pennsylvania

April 2021

Presque Isle Downs & Casino

Indiana

April 2021

Rising Star Casino Resort

Arizona

September 2021

Tonto Apache Tribe

Dave Rathmanner

Dave Rathmanner is the Founder & CEO of Odds Assist. After struggling to find helpful sports betting resources and honest reviews when he first started betting, he decided to create the site he always wished he had. Dave has been betting on sports since NJ legalized it in 2018 and regularly analyzes sportsbooks to find the best options for bettors. Aside from creating new content for OA readers, Dave is also passionate about researching betting markets, creating models, and developing profitable betting strategies.