You can’t start sports betting in Missouri without learning about the banking options available at the sportsbooks. So, on this page, we’ll shed some light on the best deposits, withdrawals, and where you can use them. You may be surprised by the sheer amount of options. But, there is definitely one to suit you.
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 | DraftKings Sportsbook Bet $5, get $150 in bonus bets |
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A general look at Missouri sports betting banking options
In order to make the most of the sportsbook you choose to bet on, you need to understand the ins and outs of the banking options. We’ll start by discussing the most common deposit options for sports betting in Missouri. Then, we will move on to the fastest withdrawal sports betting online choices. And finally, we’ll talk about which banking options are available at specific sportsbooks throughout Missouri.
The Missouri sports betting industry is largely dependent on banking options for deposits to be placed in the sportsbook, and withdrawals to be processed for winnings to be taken. It is important for players to have a thorough understanding of their banking options for deposits, payouts, and withdrawals before selecting the book they want to bet with. This guide will provide a general overview of the banking options to help players understand what they are getting into when they select a specific sportsbook. The first thing to understand is that some banking options are not as secure as others. For example, depositing money into the sportsbook with a debit card or using PayPal as a form of deposit is not as secure as using a bank wire transfer.
The best deposit options for sports betting in Missouri
As promised, we’ll begin with the range of deposit methods. You use them to get money into your sportsbook account. Without them, you’d never be able to wager!
The most popular options are as follows:
- Debit and credit cards — Credit and debit cards are perhaps the most popular way to fund your Missouri betting account. There aren’t usually any fees attached, and transactions process instantly. All sportsbooks accept Mastercard and Visa, but only a handful approve American Express and Discover.
- PayPal — Depositing with PayPal in Missouri gives you an added layer of financial security because it never shares your banking information. Like credit/debit cards, there aren’t any fees, and the transaction is immediately processed.
- Play+ — You can enroll for this prepaid card and make your very first deposit all on the same day. You then get a physical card in the mail that lets you use it at ATMs and other places. No fees are charged for depositing, and transactions process instantly.
- ACH — Sportsbooks don’t charge anything when you use ACH to deposit money. Plus, the money hits your betting account instantly. It’s a good alternative to credit cards if you keep getting declined with the latter.
- Online bank transfer — It’s a reliable and fast method. However, it could take up to one day to process, and there are usually fees involved.
- PayNearMe — If you want enhanced privacy, PayNearMe is the best option for you. Fees range from free to $5.99 per transaction. Deposits process in half an hour.
- Trustly — Trustly is anonymous and usually has a low minimum deposit limit.
Fastest withdrawal options for sports betting in Missouri
Next, we’ll discuss the fastest withdrawal options. Again, there are crossovers here, as you can see. But withdrawals and deposits differ in fees and process times.
You can pick from:
- PayPal — You can only withdraw funds to a PayPal account you deposited from. Turnaround times are pretty quick.
- Prepaid card — You don’t need to deposit with a prepaid card to withdraw to one. It’s typically fast.
- Skrill — Generally speaking, fees exist when withdrawing to your Skrill e-wallet. They are your responsibility to pay, so bear that in mind before choosing this method.
- Cash at bookie cage — If you live near a brick-and-mortar betting shop, you can request funds in cash from the cage.
- Neteller — You get your money within 12 hours, and there may be fees.
Specific banking options for Missouri sports betting
We’ve covered the various deposit and withdrawal options available at online sports betting sites in Missouri. But you still need to know which you can use at the best sportsbook in Missouri. So, that’s exactly what we’ll highlight here.
Fanduel banking options available
All Fanduel’s deposit options are instant and come with no attached fees. The minimum transaction is $10, regardless of the specific method you choose. You can pick from:
- Credit and debit card
- Online bank transfer
- PayPal
- PlayNearMe
- Fanduel prepaid card
The quickest withdrawal option is 24-48 hours, and the longest is 5-7 days. You can choose from:
- eCheck
- Check
- PayPal
- Fanduel prepaid card
Deposit and withdrawal options at BetMGM
BetMGM offers a plethora of deposit and withdrawal options, including:
- Skrill
- Check by mail (withdrawal only)
- PayPal
- Play+
- Retail casino cashier
- Online bank transfer (deposit only)
- VIP preferred (deposit only)
Draftkings banking options available
Deposits at Draftkings start at $10, with a daily maximum for the majority of accounts being $2,000.
Your deposit options here are:
- ACH direct
- eCheck
- PayPal
- Debit and credit card
- Play+
- PayNearMe
The withdrawal process is smooth and easy to follow. Your choices are:
- ACH
- Mailed check
- Cash
- PayPal
- Play+
Deposit and withdrawal options at Caesars Sportsbook
Like BetMGM, Caesars Sportsbook has a wide variety of sports betting banking options, such as:
- Credit and debit cards
- Play+
- PayPal
- PayWithMyBank
- PayNearMe
- ACH
Missouri sports betting banking options FAQs
Why was your credit card deposit declined?
Typically, declines happen due to the anti-gambling policies that are still present at many banks. Often, they see gambling transfers as high-risk and automatically decline the payment.
Can you set deposit limits at Missouri sports betting sites?
An easy fix is to try a different deposit method like a Play+ card or eCheck.
How do you withdraw your betting winnings?
Yes, responsible gambling laws ensure all sportsbooks offer easy tools that allow you to set limits. Usually, you can set a monthly, weekly, or daily limit. Sometimes, you can even initiate temporary account closures.
Why do you need to verify your identity before using Missouri sports betting banking options?
There are lots of ways to withdraw your betting winnings. But the process tends to be the same, regardless of the banking option or sportsbook you choose: Head to your account funds, click withdraw, follow the on-screen prompts.
Can you deposit when you’re out of Missouri?
All states with legalized betting require bettors to verify their identity and age before making sports betting deposits. You typically need to submit the last four numbers of your SSN and your photo ID.