PayPal Betting Sites in the US

PayPal is a quick, reliable, and secure betting payment method that has changed the game for online sports bettors.

Below we look into the best betting sites that accept PayPal and why you should choose this payment option over other any other betting payment method. We also guide you through PayPal’s quick depositing and withdrawing process.

Best PayPal Betting Sites in September 2023

#	Sportsbook	Bonus
1.	Caesars Sportsbook	Bet $50 Get $250 in Bonus Bets Cashback	Play
2.	FanDuel Sportsbook	Up to $1,000 risk-free bet Free bet	Play	Use bonus code: No bonus code required; Register to claim Qualifying bet: No minimum bet amount Wagering requirement: 1x bonus
3.	BetMGM	Up to 1000$ first bet offer Free bet	Play	Use bonus code: No bonus code required. Register to claim offer Qualifying bet: No minimum bet amount and no odds restrictions Wagering requirement: 1x bonus
4.	DraftKings Sportsbook	Bet $5 get $200 in free bets instantly Free bet	Play	Use bonus code: No bonus code required; Register to claim Qualifying bet: $5 Wagering requirement: 1x bonus
5.	BetRivers	100% up to $250 Match deposit bonus	Play	Use bonus code: 250MATCH Qualifying bet: No minimum bet amount and no odds restrictions Wagering requirement: 1x bonus
6.	Unibet	Up to $500 free bet Free bet	Play	Use bonus code: No bonus code required; Register to claim Qualifying bet: $10 or more Wagering requirement: 1x bonus
7.	WynnBET	Bet $100 get $100 in free bets Cashback	Play	Use bonus code: XUSBETTOP; Register to claim offer Qualifying bet: Bet $100 or more at minimum odds of -120 Wagering requirement: 1x bonus

Pros and Cons of using PayPal for Betting

PayPal’s most notorious benefit is that it’s widely accepted at sportsbooks for deposits and withdrawals. Another great advantage of PayPal is that unlike Play+ you don’t need to create separate accounts for each sportsbook, instead you only need one PayPal account for all sportsbooks.

PayPal is a great payment method for live betting as the deposits are instant. Depositing is quick since you only need your email address and password to complete a transaction with PayPal. This means you don’t need to input any long and confusing card numbers to complete a deposit.

Apart from quick deposits, PayPal offers patrons very fast withdrawals too as payout times are between 24 to 48 hours. You also just need your PayPal email address and password to process a withdrawal.

Only legal and licensed online betting sites accept PayPal so you won’t be tricked into joining an offshore sportsbook as PayPal is not available there. You can rest assured that any sportsbook that we recommend is legal and safe to use.

Pros

Trusted brand
Widely accepted for sports betting
Fast withdrawals
Safe and secure transactions
Available on legal sportsbooks only
Quick and convenient deposits
One PayPal account required for all sportsbooks

Cons

High 2.9% fee of deposit amount

PayPal’s high fees for deposits and withdrawals are by far the biggest drawback this payment method has. When compared to other e-wallets, PayPal charges a 2.9% fee on the amount you deposit or withdraw, whereas some other payment options, like Play+, charge just a smaller fixed fee.

Best PayPal Betting Bonuses

You can redeem welcome bonuses, promotions, and enhanced odds at a number of online PayPal betting sites. We tested out these PayPal sportsbooks ourselves and picked just a few that we felt met our high standards and included them in the table below.

PayPal betting sites have welcome bonuses between $100 all the way up to $1500. However, the most common sign-up offer from major sportsbooks that accept PayPal is $1000. The welcome bonuses at smaller sportsbooks range from $100 to $200, so not too bad.

We noticed that free bets specifically risk-free bet bonuses were the most prevalent welcome bonuses at PayPal sportsbooks. There are other welcome bonuses available apart from free bets, including cashback and match up deposit bonuses, however, these offer significantly lower amounts than the free bet bonuses.

Best PayPal betting bonuses

Sign-up bonus	Caesars Sportsbook
Free bet offer	BetMGM Sportsbook
Cashback bonus	PointsBet
Enhanced odds	Fanduel Sportsbook

BetMGM Sportsbook for example is a PayPal betting site that we selected as the best free bet offer. The sportsbook features a risk-free bet for all new patrons on their first bet and it’s also one of the largest welcome bonuses available in the US.

Caesars Sportsbook is another great sports betting site that accepts PayPal for its welcome bonus. Caesars has the largest sports betting welcome bonus that accepts PayPal deposits, and it’s available in nearly every state where sports betting is legal.

Best PayPal Racebooks

Below we recommend only the best racebooks to bet on and not just racebooks that accept this PayPal deposits and withdrawals.

There are four great racebooks that adhere to our high standards and accept PayPal. For a racebook to live up to our high standards they must excel in three key areas, great welcome bonus, odds and betting markets.

#	Sportsbook	Bonus
8.	TwinSpires	200 $ BONUS $200 free bet	Play
9.	Xpressbet	100 $ BONUS Bet $500 and get $100 bonus	Play	Live Streaming. Sports Stats.
10.	FanDuel Racing	50 $ BONUS Matched deposit up to $50	Play	Live Streaming. Cash Out.
11.	TVG	200 $ BONUS Up to $200 risk free bet	Play

How Does PayPal Work?

PayPal is one of the most widely used e-wallet in sports betting. Its no surprise considering PayPal offers patrons a way to deposit and withdraw funds on a sportsbook without any connections to your bank account. Although you would be using a credit/debit card to fund your PayPal balance, the bank won’t be notified that you used that money for betting.

You must create a PayPal account before you can start using it for sports betting, this can easily be done for free on PayPal’s official site. Below we created a guide with all the steps on how to deposit and withdraw using PayPal for betting, along with any associated fees.

Deposit

Withdraw

Fees and processing time

How to Deposit with PayPal at Online Sportsbooks?

After you successfully create an account with PayPal you can use it to deposit funds to your sportsbook account. Creating a new PayPal account is free of charge, however, note that PayPal only allows patrons one personal PayPal account.

You can create a new PayPal account on PayPal’s official site or from their mobile app. Simply find and tap on the sign-in option to start the creation of your new PayPal account.

Depositing with PayPal is very convenient as you simply need to use your PayPal email address and password to complete the deposit. This makes it a great payment method for live betting when you need to deposit quickly.

Use your username and password to log in.

Tap on the cashier section

Once you’re in the cashier section, tap on deposit.

Select PayPal as your deposit method

Tap on PayPal from the list of payment methods available for depositing.

Input the deposit amount

After you input the deposit amount, you must log in to your PayPal account using your email address and password.

Complete your deposit

After you logged in successfully to your PayPal account, it only takes a few minutes for the funds to appear in your account.

PayPal Payouts from Sports Betting Sites

PayPal withdrawals are widely available at sportsbooks, they are also processed very quickly and you can receive your funds in less than 48hrs. Any funds you withdraw through PayPal are sent to your PayPal balance and not to a connected credit/debit card connected to your PayPal account.

Once the funds appear in your PayPal balance you can transfer the money to your debit card. You can even leave the funds in your PayPal account so you can use them for deposits in the future and not have to pay the 2.9% deposit fee.

Note that most sportsbooks only allow PayPal withdrawals if you have made at least one deposit with PayPal. So make sure you deposit with PayPal before attempting to withdraw using PayPal.

Use your username and password to log into the sportsbook.
Go to the cashier section of the sportsbook or tap on ‘withdrawal’.
Select PayPal as the withdrawal payment method of your choice.
Input the amount you would like to withdraw to your PayPal account.
Log in to your PayPal account using your email address and password.
Once you log in successfully to your PayPal account the withdrawal is completed and the funds should appear in your account in less than 48 hours.

Fees and Processing Times

Betting sites that accept PayPal deposits and withdrawals won’t charge you any processing fees for using this payment method. However, you have to pay a PayPal fee when you deposit via a credit or debit card. This transaction fee is currently 2.9% of the entire deposit amount.

You won’t be charged any fees if you use your PayPal balance to place a deposit for betting. For this reason, we recommend you leave some funds on your PayPal balance for any future deposits you might make, to spare paying the 2.9% transaction fee.

PayPal withdrawals from online sportsbooks are super fast and typically take only 24 to 48 hours for the funds to appear in your PayPal balance. Paypal payouts are quite fast when compared to other betting payment methods such as VIP Preferred, which takes 3 to 5 days for the funds to appear in your bank account.

If you never made a PayPal deposit on a specific sportsbook, you won’t be allowed to request a withdrawal. Therefore, before you attempt to withdraw via PayPal, place a PayPal deposit on the sportsbook, even a small $10 deposit is sufficient.

Fees and waiting times

Withdrawal time	24-48hrs
Fees	Fees apply
Min deposit	$10-$20
Max deposit	$10,000-$50,000
Min withdrawal	$10
Max withdrawal	$10-000-$40,000

How Secure is PayPal?

Any sportsbook with a license is mandated by law to only provide patrons with safe and secure payment methods such as PayPal. A benefit of PayPal is that it’s not accepted at offshore sportsbooks, so if you see it listed as a payment option, you know you’re dealing with a licensed sportsbook.

One of the many security features you can opt-in for is their two-factor authentication security used to log into your PayPal account. Below we have listed all the most important security features that PayPal provides patrons who use it for sports betting.

Chargeback

For purchases you made through PayPal you are eligible to open a chargeback dispute. A chargeback dispute is typically settled within a few weeks. The process to open a chargeback can be started by selecting the ‘Dispute a transaction’ option under the Resolution Center section on PayPal’s website.
Encryption

All PayPal transactions use SSL protocol technology and 128-bit encryption, which automatically encrypts each payment made. This kind of encryption protects your data and keeps PayPal as a safe payment option for online betting.
Two-factor authentication

You can add an extra security feature on PayPal apart from the password. If you add your phone number to your PayPal account you can use their two-factor authentication feature which sends you a 6 digit code to your phone to get access to your PayPal account.
Preserving positive brand image

PayPal started offering a ‘PayPal Giving Fund’ program which allows nonprofit organizations to collect donations through PayPal for free. No fees are charged for transactions sent to charities. This is a great way to let people support their selected charities online.
Payment notifications

Each time you use PayPal to make a purchase, you receive an email with all of the purchase details including the amount you spent. If you use their mobile app, you can also receive a push notification whenever you deposit or receive money via PayPal.
Monitored transactions

PayPal tracks all transactions in real time, and accounts are surveilled regularly to help prevent fraudulent transactions and payments. With PayPal’s high security, you can feel confident that any fraudulent activity is prevented at all costs.

PayPal Isn’t Available at Offshore Sportsbooks

Offshore sportsbooks are quite dangerous and they are not only illegal in the US, but you won’t have any consumer rights if you encounter any problems with them. There are perfectly safe and licensed sportsbooks in the US so there is really no reason for you to use these offshore sportsbooks.

Luckily, PayPal is not accepted by offshore sportsbooks, as it’s only available at licensed US sportsbooks. This means that if you see a PayPal deposit or withdrawal option on a betting site, you can be confident that you’re dealing with a legitimate betting site.

How We Rate the Best PayPal Betting Sites

We adhere to a set of criteria whenever we recommend a sportsbook. We make sure that any betting site that we recommend excels in all of the categories listed below and not that they only accept PayPal. If a sportsbook fails to meet our high standards, we won’t include it in our top list.

It was quite time-consuming to select the best PayPal sportsbooks since there are so many betting sites that accept this payment method. On top of that, new betting sites usually don’t have it right away, so most sportsbooks that have PayPal are already established in the US.

However, after comparing all of their welcome bonuses, odds, and betting markets, we chose only the best and included them in our top list of PayPal sportsbooks.

If you follow our set of criteria you are more likely to find a great sportsbook instead of a mediocre sportsbook. We highly suggest you don’t miss any of the categories below in order to only join sportsbooks with good welcome bonuses, odds and betting markets.

License

You should only bet on PayPal sportsbooks that have a license from the state regulator. Since PayPal is not accepted on offshore sportsbooks you should rest assured that you’re dealing with a licensed sportsbook if PayPal is a payment option.
Bonuses

It’s quite rare that a sportsbook doesn’t allow PayPal deposits for their welcome bonus or promotions. Therefore, if you use PayPal, you shouldn’t worry about losing out on any welcome bonuses. The range of welcome bonuses that accept PayPal deposits start between $100 all the way up to $1500. Another benefit of these PayPal bonuses is that you rarely have to wager the free bets that you receive more than once.
Mobile apps

There are numerous mobile betting apps that accept PayPal, and you can deposit and withdraw on the app itself. Depositing and withdrawing funds with PayPal on these apps is simple as you only need to enter your email address and password to complete a transaction. These betting apps can be downloaded from Google Play Store or the App Store.
Quality of odds

All of the PayPal sportsbooks on our top list provide great odds to patrons. Before creating the list, we made sure to compare all of the PayPal sportsbooks in order to only recommend those with the best odds. It is critical that you only bet on high quality odds if you want to make a profit.
Live betting

You can expect PayPal sportsbooks to have over 15 different sports for live betting. For example, FanDuel Sportsbook is one of the best betting sites to use for live betting as it offers 18 different sports to bet on. Apart from that, they always have competitive odds for most of the live betting markets.

PayPal Alternatives for Online Betting

If PayPal is not your cup of tea we listed below three alternative betting payment methods. VIP Preferred is probably your best bet if you don’t want to pay any fees when depositing or withdrawing. However, keep in mind that VIP Preferred withdrawal times range from 3 to 5 days, which is quite long.

PayNearMe is great option for bettors who don’t mind driving to the nearest retail store to place a cash deposit for an online sportsbook. In comparison to PayPal fees, the PayNearMe fee is a fixed rate ranging from $1.99 to $5.99 depending on which state you’re in.

Last but not least, Skrill is another e-wallet just like PayPal the main difference is that deposits with Skrill are free, unlike PayPal. Skrill does charge a flat fee of $5.50 for withdrawals unlike PayPal, which can be quite high for patrons who don’t bet a lot of money.

Top PayPal alternatives

Cash deposits and withdrawals

Small fixed fee

You have to physically go to a retail store

PayNearMe Sportsbooks

No fees for deposits or withdrawals

High deposit and withdrawal limits

Slow withdrawals

VIP Preferred Sportsbooks

No deposit fees

Flat withdrawal fee

Not widely available

Skrill Sportsbooks

PayPal Company Information

PayPal has revolutionized the sports betting industry, and its importance for sports betting success is undeniable.

Bettors have a fast and safe payment option that allows them to deposit quickly with just their email and password. PayPal withdrawals are also undeniably quick when compared to other payment methods such as VIP Preferred, which take 3 more days than PayPal for the funds to appear in your account.

PayPal company info

Year founded	1998
Owner	PayPal Holdings, Inc.
CEO	Dan Schulman
Mobile app	Available

Headquarters	San Jose, California
Official website	paypal.com
Publicly traded	NASDAQ
Customer support	Telephone, chat

History

PayPal was founded many years ago, below we created a summary of the company’s most significant achievements. Confinity, which we mention below, was the company’s original name before it was changed to PayPal.

Confinity is founded

PayPal was first called Confinity and it was founded in December 1998.

Email-based payment technology is created

Confinity produce an email-based payment technology.

Confinity joins Ebay

Confinity join Ebay to get a significant user-base boost, they also reach 1 million customers.

Confinity becomes PayPal

Confinity is no longer the name for this huge company but it changed to PayPal.

PayPal go public at NASDAQ

When PayPal go public the stock rises by 50%.

PayPal Mobile is created

PayPal users can now use PayPal Mobile app on their smartphone.

PayPal buy Honey for 4 Billion

The famous Honey coupon company is now owned by PayPal.

Conclusion

It is very easy for patrons to create a PayPal account and begin taking advantage of this payment method’s benefits. No other betting payment method compares to PayPal for convenience. With PayPal, you can complete a deposit and withdrawal with just your email address and password.

Not only does PayPal offer a quick way to deposit and withdraw but they offer extra security features other payment methods don’t have. Apart from the data encryption, you can use their other security options such as two-factor authentication which adds an additional layer of security to your account.

We highly suggest that you check out the sportsbooks we selected in our top PayPal betting sites list. As we made sure only to recommend sportsbooks that have a great welcome bonus, odds, and betting markets and not just those that accept PayPal.

FAQs

Which betting sites accept PayPal?

There are a lot of sportsbooks that accept PayPal for both deposits and withdrawals purposes. To make your life easier we’ve come up with the best sportsbooks that accept PayPal.

How do I use PayPal on an online sportsbook?

Using PayPal is quick, convenient, and easy to comprehend, for both deposits and withdrawals. If you’re looking for a complete guide on how to deposit or how to withdraw money using PayPal, then take a look at our guide above.

Is PayPal secure to use on betting sites?

PayPal is one of the most well-known online payment methods not just in the US but across the world. You should rest assured that the company is reliable and they take a lot of care to keep a positive brand image. They have a lot of security features that you can opt in or out of.

Will I be charged any fees when using PayPal?

When you’re depositing or withdrawing at an online sportsbook using PayPal you won’t be charged any fees by them. PayPal however does still incur a small fee of 2.9% of the amount you deposit.

Can I use my PayPal balance to deposit on an online sportsbook?

Yes, this is actually something we recommend as you won’t be charged any fees by PayPal when you use your balance instead of using a credit/debit card to deposit via PayPal.