Ensuring you can deposit and withdraw your funds from an online casino safely should be one of your priorities. The good news is that DraftKings accepts a broad range of payment options that offer different levels of convenience.
We’ll explain which deposit and withdrawal methods you can use to fund your player account or withdraw your winnings quickly.
We will also give you tips on which payment methods operate the fastest and explain the bonuses you can get by making the first deposit.
What Are the Best DraftKings Deposit Methods?
One of the best aspects of being a DraftKings player is that you will find plenty of payment options, thus ensuring you can always make deposits, regardless of your preference.
We’ll give you an overview of DraftKings Casino‘s available deposit methods so you can learn more about which better suits your interests.
Most payment methods have a minimum deposit limit of $5 and a maximum limit of $2,000, but some impose slightly higher limits. We’ll explain everything about each of these methods below.
Credit & Debit Card
DraftKings accepts deposits through credit and debit cards, as long as they are Visa, MasterCard, or Discover. You should note that American Express currently doesn’t support deposits for online casinos.
Electronic Gift Card
It’s possible to deposit to DraftKings through the following types of electronic gift cards:
- DraftKings gift card
You should select “Debit or Credit” on the deposits screen for the first three options. To use a DraftKings gift card, pick the “Gift Card” option on the deposits page and insert the card’s details.
You can deposit with this method if you have a PayPal account with enough balance or a verified associated bank account. Please note that you can’t use business accounts to deposit to DraftKings.
Play+ Prepaid Card
To deposit with Play+, you must first register an account with this banking provider. Once you have an account and purchase a Prepaid Card, you must pick this option on the deposits page and insert the card’s details.
Cash At a Retail Location
The maximum daily limit for cash deposits is $500, and you can use your one-time generated barcode on any participating retail locations, such as:
- Family Dollar
- CVS Pharmacy
- Dollar General
Players with an MVB Bank account can deposit through wire transfer. Please note that the minimum deposit limit for this payment method is $100.
VIP Preferred e-Check
You can select the VIP Preferred e-Check option on the deposit screen to use this payment method, which processes transactions immediately. You’ll have to insert your bank account details and ID verification.
Fastest Deposit Methods at DraftKings Casino
Depositing funds into your player account at DraftKings Casino is a smooth and quick experience, as all payment methods process transactions immediately. Due to this, we recommend that you opt for a payment option you feel comfortable with.
How to Make an Online Deposit at DraftKings Casino
As with most online casinos, you must register a player account and wait for the casino to verify it before you can deposit. The good news is that you only have to deposit $5, making DraftKings one of the best minimum deposit casinos in the USA. Additionally, the process will only take a couple of minutes, and you just have to follow these steps:
- Follow any of the links on this page to launch the DraftKings Casino
- Click on the “Log In | Sign Up” button
- Register an account
- Once DraftKings activates your account, log in using the credentials you created
- Click on “Deposit” in the top right corner of the screen
- Select the amount you’d like to deposit
- Click on “Add Payment Details”
- Fill in the necessary information to complete the deposit
Does DraftKings Match Your First Deposit?
DraftKings Casino offers all its newly registered players a first deposit match bonus, but you must meet some conditions if you want to claim it.
This offer is only available for players who have never made a deposit. Your first deposit must be at least $5, but you can deposit higher amounts.
The casino will offer you a 100% deposit match of up to $2,000, which means that if your first deposit is $2,000, you’ll have a total of $4,000 to play with.
DraftKings Deposit Match Promo Code
Players at DraftKings don’t need to use a promo code to claim any available promotions, including the 100% first deposit match bonus.
Nevertheless, even though the current DraftKings promotional offers don’t require a promo code, that doesn’t mean you won’t need to use one in the future.
We recommend you always check out the information at The Game Day Casino to learn more about promo codes you can use at DraftKings. You should also carefully read the promotion’s terms and conditions to determine if any promo code is necessary.
Is there a DraftKings Casino Deposit Limit?
As mentioned before, the vast majority of payment methods accepted by DraftKings for deposit transactions have a minimum limit of $5 and a maximum limit of $2,000. However, players opting to deposit with cash at retail locations can only deposit a maximum of $500 per day, while those depositing via wire transfer have a minimum limit of $100.
To claim the first deposit match bonus, you’ll have to make a minimum deposit of $5. The positive aspect of this limit is that you’ll receive 100% of that amount in bonus funds up to $2,000.
Players can also establish their deposit limits daily, weekly, and monthly. This tool allows players to keep track of their spending and ensure they’re not depositing more than what they budgeted for online gambling entertainment.
How Do You Withdraw Money from DraftKings?
If you’ve come to a point where you’d like to cash out your winnings from DraftKings Casino, you can quickly request the transaction through several payment methods. Keep reading to learn more about the withdrawing methods.
ACH Bank Transfer
The minimum withdrawal limit for transactions with ACH Bank Transfer is $1, and the maximum limit is $100,000. The processing times can vary between one to three business days.
This withdrawal option is only available for players residing in New Jersey, and it’s the fastest one as the processing time is immediate. There isn’t any minimum withdrawal limit, but there is a maximum limit of $100,000.
Players can request their withdrawals via check from $1 to $49,999. The casino will send all checks worth $100 or less via USPS Priority Mail, and you should receive it within seven business days.
Checks between $100.01 and $1,999.99 are delivered through USPS with a tracking option. These checks should arrive within five business days.
All the checks worth $2,000 or more are sent through FedEx and should take three business days to arrive. You can also track these checks via the FedEx website.
Debit Card & Online Card Transfer
Players can request withdrawals through Visa, Discover, and MasterCard debit cards or OCT. The minimum limit is $1, and the maximum is $25,000, with transactions completed in one day.
There isn’t any minimum withdrawal limit for those requesting the transactions via online banking, but there is a maximum limit of $100,000. These withdrawals are complete within three to five business days.
Players can withdraw between $1 and $60,000 via PayPal. It should take three to five business days to receive the funds in your account.
Play+ allows players to withdraw funds from DraftKings Casino without setting a minimum limit. There is a maximum limit of $25,000; the transaction should take two to four business days.
Players can withdraw their funds via Venmo, as DraftKings is one of a few casinos that accept Venmo, and the limits range between $1 and $20,000. You should receive your withdrawal within two to three business days.
VIP Preferred e-Checks
It’s possible to withdraw through VIP Preferred, and this option doesn’t set a minimum limit. The maximum withdrawal limit is $100,000.
Players have a minimum limit of $20,000 for their first withdrawal through wire transfer and $10,000 for any successive withdrawal requests. There isn’t any maximum limit for this payment method, which processes the transactions within one to two business days.
Fastest Withdrawal Methods at DraftKings Casino
The fastest payment method is cash at the casino cage, but it’s only available for players in New Jersey. Those present in other states where DraftKings is available should opt for withdrawals through debit or credit card, as the funds will be on your account within one day.
Are DraftKings Winnings Taxable?
Depending on the amount of money you win while playing at DraftKings Casino, you may need to report your winnings to the IRS. DraftKings might also withhold part of your winnings for tax-related purposes. You can learn more about this by searching for “W-2G reporting and withholding thresholds” on DraftKings Help Center.