PayPal sportsbooks for US players: Find the best promos for September

The US Sun

11 September 2023

PayPal sportsbooks for US players: Find the best promos for September

THE popular payment provider PayPal is now widely available in sportsbooks across the US, letting bettors both deposit and withdraw using a trusted, familiar process.

In the past, players weren’t able to use PayPal at US sportsbooks to make deposits or withdrawals. Now that the regulatory environment surrounding gambling is more favorable across the United States, that’s changing in a big way.

PayPal is one of the most popular payment providers in the world. The company’s involvement in sportsbooks means it’s no longer necessary to count on smaller payment providers that don’t have an established reputation.

We’ve got all the details you need to know about PayPal sportsbooks right here, including how it works, state-by-state guides, and the best sites which accept PayPal right now.

��Best PayPal sportsbooks

Our list of best PayPal sportsbooks features some familiar names. Each of these sites has built up its own trusted reputation over a number of years in the fast-growing US sports betting market.

They all have their own strengths and weaknesses too - more on that in an upcoming section. But most importantly, they all allow customers to use PayPal.

DraftKings (Available in: AZ, CO, CT, IL, IN, IA, KY, LA, MD, MA, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, and WY)
BetRivers (Available in: AZ, CO, CT, IL, IN, IA, LA, MD, MI, NJ, NY, OH, PA, VA, WV, and WY)
BetMGM (Available in: AZ, CO, FL, IL, IN, IA, KS, LA, MD, MA, MI, MS, NV, NJ, NY, OH, OR, PA, PR, TN, VA, WA, WV, and WY)
Unibet (Available in: AZ, IN, IA, NJ, PA, and VA)
Desert Diamond Sports (Available in: AZ)
Betway (Available in: AZ, CO, IN, IA, NJ, OH, PA and VA)
TwinSpires(Available in: AL, AZ, AR, CA, CO, CT, DE, FL, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MO, MT, NE, NH, NM, NY, ND, OH, OK, OR, PA, RI, SD, TN, VT, VA, WA, WV, WI, and WY)

US PayPal sportsbooks: Taking a closer look at the best

These are the favourite PayPal sportsbooks, with the best available promos as picked by our experts.

1. DraftKings

DraftKings first appeared as a leading name in the Daily Fantasy Sports (DFS) industry. It has since successfully branched into online sports betting and has made significant inroads into the US market.

It is the biggest sponsor of national sports television shows, live sports broadcasts, and podcasts. The sportsbook platform offered by DraftKings brings a wealth of experience in online sports engagement and an easy-to-use connection with PayPal.

Draftkings also has an amazing welcome bonus. You can claim $200 in free bets from just a single $5 wager.

Pros:

Easily connect to PayPal for deposits and withdrawals even if you use different currencies.
Top-notch mobile app that makes thumbing through markets easy
Lots of promotions for both new and experienced users who regularly wager on the site

Cons:

Odds boosts feature maximum betting limits that limit big payouts.

BetMGM offers a wide range of sports betting options, with an extensive selection of sports and markets. The platform is known for its easy-to-use interface, which makes it accessible to both beginners and experienced bettors.

BetMGM also provides competitive odds and regularly offers promotions and bonuses to its users, adding to the overall betting experience. Another big USP is that regular players can cash in points to use at MGM resorts worldwide or get free bets.

BetMGM has a risk free bet for new users, worth up to $1,500 when using the promocode GIG10.

Pros:

Mobile app makes pregame, live betting, and access to rewards programs easy
Free bet promotions regularly on the most popular sports leagues.

Cons:

The rewards program is great, but it takes a long time to reach the really valuable benefits.

3. BetRivers

BetRivers, operated by Rush Street Interactive, has made a name for itself in the U.S. sports betting market with its intuitive platform and a wide array of betting options. Known for its user-friendly interface, BetRivers allows seasoned and novice bettors to navigate the platform easily.

One of BetRivers' standout features is its comprehensive loyalty program, iRush Rewards, which provides regular users with bonus store points for real-money wagers, leading to various potential benefits and rewards.

Like most other PayPal sportsbooks, BetRivers offers a bonus to new users. With the bonuscode GIGMEDIA, They match bets up to a limit of $500 for those that lose their first wager and need a second chance.

Pros:

Many different promotions offered on an ongoing basis for both new and regular players.
Great variety of deposit and withdrawal options available
Website is laid out nicely and very easy to navigate

Cons:

The news feed on the website is a little distracting.

��How we rated PayPal sportsbooks

We rated Paypal sportsbooks using a carefully crafted set of criteria that keeps both the casual gambler and the hard-core sports fan in mind. We rated these books based on four different categories:

Sportsbook markets on offer
Welcome bonuses and other promotions
Site security and licensing
Website design

The range of betting markets and sports available is a big factor in choosing to join any sportsbook. You can be sure all the most popular sports will be available, the likes of NFL, NBA, MLB and soccer like English Premier League and World Cup tournaments. But the actual variety of betting markets within those types of sports can vary a lot. Plus, we love to see more eclectic options there too, to cater to the widest array of bettors.

Naturally, welcome bonuses and other promotions play a big part in incentivizing players to show up at a given Paypal sportsbook in the first place. The better the welcome bonus and ongoing promotions that a book has, the more likely they are to acquire new players, and more importantly, the more likely the new players are to enjoy the experience.

At this stage in the game, providing you are betting at a sportsbook that is legal and regulated in your state, individual bettors should be able to take site security and licensing for granted - but there’s no reason to leave any stones unturned. It’s vital to ensure that whatever PayPal sportsbook players use, they use one they can knowingly trust. We check out things like proper website security, licensing, and a provably fair approach to gaming.

Lastly, we look at the web design of each sportsbook because that speaks volumes about the customer experience. The layout, the betting markets offered, and the ease at which a player can navigate to where they’re trying to go allows everyone to enjoy the ride while watching the excitement unfold in front of their eyes.

��How to make a deposit using PayPal on a sportsbook?

Making deposits and withdrawals into sportsbooks using PayPal is simple. Here’s a step-by-step set of instructions that can be followed on any of the major sportsbooks highlighted here.

This assumes you have already signed up to the sportsbook and Paypal by providing a government-issued ID and proof of address.

Log into your PayPal betting site of choice.
Navigate to the payment methods on your chosen site. They are usually found in the site's main navigation menu in the top corner on the left or right.
Click either Deposit or Cashier. Those are the two labels most Paypal sportsbooks use to help you deal with your deposits and payments.
Once you see payment and deposit methods on the subsequent screen, you’ll likely see credit cards, and online wallets like PayPal separated into different categories.
Select Paypal and confirm your deposit or withdrawal amount, either by clicking a radio button or entering the amount in a text box to confirm.
Now, enter the username and password associated with the appropriate PayPal account on the PayPal website.
Confirm the deposit or withdrawal request on the screen that follows.

Depending on the policies and procedures that your PayPal and gambling site of choice uses, deposits will likely be processed instantly. While the same thing should be true for withdrawals, individual site operators have their own rules. Some sites process PayPal withdrawals immediately, but many ask customers to wait as much as 2 to 5 business days for processing.

��Pros of using PayPal on sportsbooks

There is no doubt that PayPal sportsbooks want to make it as easy as possible for players to deposit money into their accounts. There are a host of other benefits to choosing PayPal.

For one, PayPal is widely available in the sports betting world and is accepted almost everywhere and in every kind of industry or business outside of gambling. Many people are likely familiar with the platform and have used it before for other things if not for placing a sports bet online.

Unlike many methods (like bank cards for instance) PayPal can usually be used for both deposits and withdrawals.

While some sports gambling operators limit withdrawals and deposits based on processing times or dollar amounts, PayPal facilitates transactions quickly. If a sportsbook’s terms and conditions allow it, PayPal has the capability of processing instant withdrawals. It’s easy to register for a PayPal account for players that don’t have one too.

PayPal also offers considerable security and safety. There is no need to deal with a bank that doesn’t want their credit card to be used for gambling when access to PayPal is available, and no need to worry about trusting your sportsbook with your personal banking information.

��Cons of using PayPal on sportsbooks

While making transactions using PayPal in a sports betting site is highly convenient and beneficial, there are some drawbacks too.

For one, using PayPal means signing up for an entirely different service. It takes a little more time and effort than, for instance, simply making a direct payment using a bank card.

Another thing to consider is that there may be times when players get charged transaction fees for using PayPal. This can come in the form of cash equivalent fees that are sometimes charged by sportsbooks when customers deposit, or it can be a currency conversion rate fee charged directly by PayPal.

Which US states accept PayPal for betting?

PayPal deposits and withdrawals are accepted almost everywhere from PayPal’s standpoint. PayPal's rules don’t outline state-by-state rules necessarily. The regulatory environment of each state according to government oversight has more influence over the use of Paypal.

Therefore, the real question is whether or not the PayPal sports betting sites are regulated in a given state.

DraftKings is available in all those states, including New York, Pennsylvania, Tennessee, Ohio, Arizona, Illinois, and more. BetMGM offers similar availability to DraftKings, as does BetRivers.

The full list of states with some form of legal sports betting is here:

How do I know which sportsbooks accept PayPal in the US?

Check out our other reviews for more information on which sportsbooks accept PayPal in the United States. As mentioned in the section above, PayPal is widely used in states where specific books are regulated.

��What Is the processing time for deposits with PayPal?

PayPal deposits are almost always processed instantly. Withdrawals might take a few business days according to the terms associated with each site. That said, PayPal’s payment technology does allow for instant cashouts, should your sportsbook allow it.

��Can I withdraw my winnings with PayPal?

Yes. In fact, many sportsbooks obligate users to withdraw their winnings via the same method they used to deposit, if available. As we touched on already, PayPal is generally one of the best cashout options. It’s fast, doesn’t incur any special fees from the sportsbook, and very convenient if you already have a PayPal account.

��Are there any PayPal sportsbook betting bonuses?

Pretty much all PayPal sportsbooks will offer new users some kind of welcome bonus, like a match bonus, risk free bet, no deposit bonus or something like that. There are also plenty of on-running promos out there, like odds boosts and money back specials.

That said, sportsbooks very rarely offer a specific bonus just for choosing PayPal. The bonuses can be claimed no matter what payment method you use.

��Can I use PayPal to bet on esports?

Possibly. Whether or not you can bet on esports or video games depends on both state laws and whether it’s available at your sportsbook.

Can you deposit using PayPal if you don’t have a PayPal account?

No, you need a PayPal account to make a deposit. Creating an account is easy and only requires some pretty basic information. That said, having to sign up may turn some users off choosing PayPal.

Can I use PayPal at offshore gambling sites?

Offshore gambling operators accepting PayPal as a payment method are acting illegally.

It depends on the site. PayPal has been used to accept payments and deliver withdrawals by offshore gambling sites in the past, but they usually get fined. Offshore often require users to use prepaid cards, vouchers and other unprotected payment methods to top up their accounts.

We recommend avoiding offshore sites at all costs. Better to stick to licensed and regulated sites with safe, regulated payment methods - like PayPal!

��Are PayPal betting sites safe?

Yes, PayPal betting sites are safe to use, particularly those registered in the United States in properly regulated jurisdictions. As we’ve mentioned before, we strongly recommend only playing at legal and regulated sites in your state, and avoid betting at offshore sites.

PayPal itself is also a very well regarded payment providers, with millions of customers around the world and high levels of security to protect their personal information.