DraftKings Sportsbooks is one of the easiest betting sites and apps to withdraw your winnings from. If you have never done it before, you may be wondering how do you make a withdrawal?

DraftKings is well-known globally for its daily fantasy sports (DFS) competitions. Customers regularly sign up with the DraftKings sportsbook so they can bet on their favorite sports and take part in the famous daily fantasy sports contests. However, what happens when you win, and it’s time to access some of your excess money, and you wish to make a DraftKings withdrawal? You may be wondering ‘how does DraftKings payout?

You will be pleased to discover that making a DraftKings sportsbook withdrawal is a straightforward process. Indeed, a DraftKings withdrawal at the sportsbook is as simple as making a deposit. Creating a DraftKings account, funding that account, and then making a withdrawal request is an efficient process that is crucial for any sports betting site in the United States. You will need to make sure you verify your account before being able to make a withdrawal, and this may require you to send in documents.

222 Berkeley StreetBoston, MA02116. 15 Ingestre PlaceSuite 265Soho, LondonW1F OJH. New Jersey Office. PO Box 399Hoboken, NJ07030. We are regulated by the New Jersey Division of Gaming Enforcement as an Internet gaming operator in accordance with the Casino Control Act N.J.S.A. 5:12-1 and its implementing. The withdrawal policy for DraftKings is to first refund the original deposit source with the amount you deposited, and then gamers have the option to choose a check or PayPal transfer to receive their remaining funds. If you no longer have access to the credit card you made your initial deposit on, be sure to contact DraftKings prior to.

If you aren’t yet a customer of the sportsbook, you can join at sportsbook.draftkings.com and get a $1,000 free bet bonus! You can also claim some other free bets from US sportsbooks too!

Draftkings Withdrawal Hold

DraftKings Withdrawal Options. Withdrawal Options: Minimum: Wait Time: PayPal: $1: 3-5 Days: Check: $15: 7-14 Days: Online Banking: No Minimum: 3-5 Days: For most bettors, depositing via the Online banking option is the only method they will need. It’s instant and as easy as signing in to your bank through the secure embedded window as shown. There are specific limits to each withdrawal method. Here are the limits: PayPal max withdrawal amount is $14,999.99, checks over $2,000 are sent via FedEx Priority Mail (but not if there is a PO box present). All other checks are standard mail. If you are making a withdrawal over $50k you should contact us at support@draftkings.com.

So, you have entered your DraftKings promo code, used your deposit bonus, and now you want to cash out your winnings. This article covers the DraftKings payout structure, how you can access your winnings, and the runs you through the DraftKings withdrawal times.

How To Make Your First DraftKings Withdrawal

The nice part of betting is that moment when you have won, and you come to access the spoils of victory. Making a withdrawal at DraftKings sportsbook is straightforward; you can be set up and make a request with just a few clicks from the ‘my account’ page. Below is a rundown of how this process works.

1. Log in to your DraftKings account at sportsbook.draftkings.com
2. Select My Account from the dropdown menu
3. Select which account to withdraw from (Sports & Casino or DFS)
4. Enter the amount you want to withdraw, then press continue
5. Select how you want to receive your winnings
6. Press the Request Withdrawal button

It’s very easy to withdraw using the above method and this is the same on the mobile app or full site. Please note that the minimum withdrawal amount on the DraftKings sportsbook is $20. The first part of your withdrawal will be paid to the original source used for the deposit, with any surplus funds paid to a method of your choice, such as PayPal or Neteller.

When your request has been made, DraftKings will send you an official withdrawal confirmation. If you have entered the wrong amount or done something wrong, you can cancel the process. In this instance, make sure you cancel as soon as possible, so the withdrawal does not go through.

DraftKings offers help on its website via a frequently asked questions section. Alternatively, you can email their customer service team via support@draftkings.com.

If you continually face withdrawal problems from the sportsbook at DraftKings, you may also want to read our guide to DraftKings sportsbook alternatives.

Withdrawal Payment Methods Available at DraftKings Sportsbook

When you would like to begin the process of making a withdrawal from your account, DraftKings will automatically select the payment method that was used when you made your first deposit up to the amount of previous withdrawals. Any funds that are left are then paid via PayPal or Check. DraftKings requests that customers notify them if there have been any changes made to your original credit or debit card, which was initially used to fund your account.

Full list of available deposit options:

• Bank account
• Credit & Debit cards
• Prepaid DraftKings card (Play+)
• PayPal
• E-Check
• Casino cage

You can also check out our guide on using prepaid cards at DraftKings sportsbook. There is no stated DraftKings withdrawal limit; however, make sure you know documentation is needed for large withdrawals.

DraftKings is a very trustworthy and reputable daily fantasy sports website and sportsbook based in the United States. Consequently, players can be safe in the knowledge that they will receive their winnings quickly when it is time to make a withdrawal.

Withdrawal times

DraftKings state on their website that they can process withdrawals Monday to Friday between 9 AM to 5 PM ET. Once the withdrawal request has been processed, it can take anywhere from two to seven business days for the player to receive their money, depending on which payment option was selected. Checks can take longer to send out, typically taking approximately one week to be delivered in the post. Numerous DraftKings players have said they often get their money in a matter of days and sometimes within hours.

We have found it is best to request a withdrawal on a Monday morning. As you can imagine there are a lot of players winning and trying to withdraw over the weekend. If we opted to withdraw on a Monday, funds were normally with us in a couple of banking days.

Paying Taxes On Your Winnings

If you have won big on a daily fantasy sports contest or big bet, and the total money generated is above what has been deposited, these funds are subject to federal taxes in the United States. When you reach $600 in net profit during a calendar year, DraftKings Sportsbook and DFS site is required to issue a 1099 and will be reported to the IRS. Any net profit that falls below the figure of $600 will not be reported. However, players are still legally required to report this extra income on their taxes.

FAQs

How long does DraftKings withdrawal take?

The DraftKings sportsbook states that once their accounts department has processed your withdrawal, it can take between 2-8 business days for the funds to appear in your PayPal or bank account. Checks can take longer, sometimes up to three weeks. You could do a FanDuel Vs. DraftKings comparison on banking methods if you are unsure of which sportsbook to use.

Why does DraftKings refund my money for withdrawal?

Where possible, DraftKings will first refund any deposits made within the last 90 days. Contact the operator directly if there is a DraftKings sportsbook withdrawal hold.

How Long does DraftKings PayPal withdrawal take?

If you use e-wallets such as PayPal or Neteller, you should receive your money within 2-8 days. Players have reported receiving their funds in a shorter period, sometimes within hours. If there are any DraftKings withdrawal issues in 2021, you can contact the sportsbook directly.

DraftKings offers an online casino app in addition to the daily fantasy sports and sportsbook platforms. You can play both digital games as well gamble on live dealer feeds of most of your favorite casino games from slots to table games. Just like a typical brick-and-mortar casino, you have various tables with different minimum and maximum bets to choose from as well as a variety of different games to play.

DraftKings Casino Promo Code

Draftkings Withdrawal Limit

DraftKings currently offers a slew of promo codes depending on your affiliation with them at the moment. They have their typical new customer bonuses that they offer across all of their online platforms. They also have existing customer bonuses for sportsbook or daily fantasy customers to try out the casino platform. Some of the offers differ by state as well, so make sure you get over to the FTN Bets bonus page and see which active offers you can take advantage of.

DraftKings Online Casino App

DraftKings is one of the leaders in the space when it comes to mobile user experience. They have a long track record of catering to online gaming from the daily fantasy and now sportsbook platforms they operate. It is no surprise that their casino app is also one of the best in class. When it comes to technology, the strictly online players are running circles around the traditional brick-and-mortar players entering the space.

How to download DraftKings Online Casino for iOS

The DraftKings casino app is a separate app from the fantasy and sportsbook ones, although you can access the casino through the sportsbook app as well. The easiest way though is to just download the Casino app. DraftKings makes it easy to log in if you already have an account on one of the other platforms mentioned.

How to download DraftKings Online Casino for iOS

On Android, we have a few extra steps. Google does not allow gambling apps in their app store, so you have to go directly to the DK website to download it. Remember they have multiple platforms, so make sure you are downloading the Casino App and not the DFS or Sportsbook one. Grant your device permission to download and open the app, then just log in and you will be directed to the online casino floor to choose your game.

Casino Games Available at DraftKings Casino

The DraftKings casino offers most of the same experiences you can get in a brick and mortar casino. You have slot machines, blackjack, roulette wheels, baccarat and video poker. They also offer a combination of computerized games and live dealer games you can bet on. Some people do not trust the computerized payouts and opt to play against a feed of live dealers spinning wheels or flipping cards.

Slots at DraftKings Casino

DraftKings online casino offers a massive list of computer generated slot machine games ranging from %.01 all the way up the ability to bet hundreds or thousands of dollars. The list is exhaustive and they add new games all the time with seasonality or a current events focus. Lucky 7s, bonus doubles, sports themed games, and attention grabbers with current TV show or movie cross-branded promotions are all things you will see.

Table Games at DraftKings Casino

They do not offer every game you can play in a casino, but they do have the major ones. You can play blackjack, roulette and baccarat, all available both live and digitally. You can also play some of the more obscure games like let it ride, casino war, and Pai Gow poker, but those are usually only offered digitally.

Live Dealer Games at DraftKings Casino

Draftkings Withdrawal Paypal

Throughout the day you may find a ton of tables with various buy ins or only a few. Just like a real casino, the number of open tables will vary depending on time of day and day of the week. On a busier weekend, you can usually find a lot of options for game type and minimum bet. On a random Tuesday afternoon, the number of tables open is likely to be much lower. DraftKings usually has at least one table open for live dealer blackjack, roulette, baccarat and something they call game shows at all times. At busy times, you can find upward of 20-30 tables in each of those categories.

DraftKings Casino Review

DraftKings online and mobile experiences are arguably best in class and that extends from daily fantasy sports, to the sportsbook, and finally to the online casino. You can move funds won on either of the other platforms to the casino and vice versa if you have accounts with all of the various platforms. The deposit and withdrawal options are plentiful and easy. Overall you get the experience from DK Casino that you expect from any of the platforms DraftKings runs. Although not a typical brick-and-mortar casino, the online casino app is definitely one of the best in class at DK.

DraftKings Casino FAQ

Draftkings Withdrawal Hold

Where Can I Play DraftKings Casino

The casino app has not rolled out in every state yet, but it is available in all the states where you can sportsbet. The licensing is the same, so if you can bet on sports, you likely also have the ability to bet in the online casino. Here is the list of states: NJ, PA, VA, MI, CO, IN, NH.

Draftkings Withdrawal Fedex

How Do I Withdraw at DraftKings Online Casino

DraftKings' entire platform started out as mobile with the daily fantasy boom. They have and will always remain one of the friendliest providers for that experience. They have a massive list of ways to fund and withdraw from accounts. They offer Credit, Debit, direct bank account transfers, PayNearMe, Neteller, PayPal, eChecks, Gift cards, and direct casino cage funding at their affiliated brick-and-mortar locations. If you want to fund something on their platform, they probably have a number of ways you can use to do it.