Knowing how to withdraw your money from DraftKings Sportsbook is essential. Luckily you can deposit and withdraw using the same bank account, and all the processes are very quick and easy. Here is all you need to know about making a withdrawal:
The Best Withdrawal Method for Drafkings Sportsbook
Betting is fantastic because as soon as you have won, you can access all of the spoils that come with your incredible victory. The best part is that withdrawing from the DraftKings app or the DraftKings DFS sportsbook is very quick and straightforward.
You can set it up and put in a request in a few simple clicks from the ‘my account’ page on the site. Here is how the whole process works:
Log in to your personal DraftKings account via sportsbook.draftkings.com
Go to the drop-down menu and click on ‘my account’
Once you are in your DraftKings account, select which one you would like to make your withdrawal from. The options are DFS or Sports & Casino.
Enter your withdrawal amount and click continue.
You will then have the chance to choose how you would like to receive your earnings.
Finally, select the ‘Request Withdrawal’ button.
This method is very quick and easy, and it works just the same on the full site and the mobile app. There is a minimum withdrawal limit of $20 on the DraftKings sportsbook.
Once you have made a request, you will receive an official withdrawal confirmation from DraftKings. You can also easily cancel the process if you happen to do something wrong or enter the wrong amount.
It is best to cancel as soon as possible so that the withdrawal request does not go through. DraftKings has a very helpful frequently asked questions section where you can get a lot of help. There are also additional ways to contact DraftKings via email or phone.
DraftKings Withdrawal Policies
You will be asked to verify your identity when requesting a withdrawal, especially if you didn’t do it before making your first deposit, NFT drop purchase, or contest entry in the marketplace. All of your winnings and earnings are eligible to be withdrawn, but promotional credits and pending bonuses cannot.
There are some cases where a withdrawal might get canceled due to limited gameplay. This is likely due to banking policies, but customer support can help you out.
DraftKings Withdrawal Payment Methods
DraftKings will automatically select your payment method when you start the process of making a withdrawal, and all of the leftover funds will be paid out to you via check or PayPal. You must notify DraftKings if there are any changes to your original debit or credit card.
The following are your deposit options:
- Credit cards and Debit cards
- Bank account
- PayPal withdrawals
- Prepaid card (Play+)
- Cash at the casino cage
There is no set withdrawal limit on DraftKings. However, you will need certain documentation for larger withdrawals. You will also first need to set up a PayPal account so that you can use it as a withdrawal method and then link it to your main bank account.
You will receive your winnings very quickly when going through DraftKings. They are a trusted and reputable US sportsbook and fantasy sports website.
Draftkings Withdrawal request times
DraftKings can process all withdrawals on weekdays from Monday to Friday at certain times. They will only do withdrawals between 9 am and 5 pm ET. Once your request has been processed, it can take anything between two to seven business days before you receive your money. It does depend on the payment method you selected, though.
Checks generally take a bit longer to send out. In most cases, checks can take about one week to get delivered in your post. Most DraftKings players claim that they receive their winnings and earnings in a matter of days. Some even receive theirs within a few hours of withdrawing.
The best time to make a withdrawal request is on a Monday morning. Tons of people play over the weekend and try to make withdrawals, making it a very busy time. When people withdrew funds on Mondays, it was found that they received their money in a few banking days. DraftKings is one of the quickest payout Sportsbooks in the United States
The following are some of the processing times that the different methods take:
- Check: Can take 3-5 days
- PayPal: Can take 3-5 days
- Play+: Can take 2-4 days
- ACH: Can take 3-5 days
- Online banking: Can take 3-5 days
- Cage: Can take one hour
- Wire withdrawal: Can take 24-48 hours