Best PayPal betting sites – Online sportsbooks that accept PayPal 2024
The New York Post presents the best sports betting sites that accept PayPal in 2024. Check out the best sportsbooks that accept PayPal, and claim some fantastic new customer promotions.
Find out more about New York sports betting
- Check out the best NY sports betting sites
- Download the best NY sports betting apps
Benefits of using PayPal for betting
PayPal provides gamblers with a deposit or withdrawal method that is fast, secure and private. There are plenty of benefits for using PayPal, with some of the best highlighted here.
- One of the most secure payment methods around
- Widely supported on betting sites and apps
- Mobile friendly user experience
- Instant deposits and speedy withdrawals
Claim a PayPal credit card
PayPal now offer its own range of debit and credit cards. You can earn 2% cash back on PayPal MasterCard cards or claim customer points on purchases with your PayPal Extras MasterCard.
States that allow sports betting with PayPal
Many of the states that have legalized online sports betting have allowed bettors to use PayPal as a payment method. The following states allow PayPal as a deposit/withdrawal method:
- Arizona
- Colorado
- Delaware
- Illinois
- Indiana
- Iowa
- Louisiana
- Michigan
- Montana
- Nevada
- New Hampshire
- New Jersey
- New York
- Pennsylvania
- Oregon
- Rhode Island
- Tennessee
- Virginia
- West Virginia
- Wyoming
As more states move towards legalization of online sports betting, it is likely that these too will accept PayPal as a payment method.
The only state which has legal online sports betting which does not allow PayPal as a payment method is Connecticut.
How to Deposit with PayPal
Once you have created and funded your PayPal account, you are ready to deposit with PayPal.
- Head over to your chosen online sportsbook
- Click ‘Cashier’ or ‘Deposit’ depending on your sportsbook
- Choose PayPal option from available options
- Add the sum you want to deposit
- You will be redirected to the PayPal site or app to review the details
- Tap ‘Send money now’ to transfer money to your sportsbook account
How does PayPal work?
How PayPal Works
PayPal vs other Payment Methods
PayPal vs Credit cards
Credit cards such as Visa and MasterCard offer top-level security, and fast payments. You can also earn cash back and reward points on your purchases.
However, the acceptance rates for credit cards at US sportsbooks isn’t great, with many banks preventing you from depositing at online sportsbooks.
Credit card deposits also act as “cash advances,” which usually involve a fee of around 3% on the whole amount.
PayPal vs. Debit cards
Debit cards allow instant transactions from your checking account. Minimum deposits by debit card can be pretty low as well.
However, as with credit cards, acceptance rates for debit cards are still not 100% in the US and you will have to check if your bank allows you to deposit at betting sites.
PayPal vs. Play+ Prepaid Card
A prepaid card such as Play+ is a great alternative to e-wallets like PayPal. You can fund your Play+ card with credit or debit cards and safely transfer the cash into your sportsbook account. You can even withdraw funds on a physical Play+ card from any participating ATM.
Can you use PayPal for betting?
Yes, PayPal can be used as a secure deposit and withdrawal methods when betting online.
Which betting sites accept PayPal?
The following New York Sports betting sites all accept PayPal.
- Caesars Sportsbook
- FanDuel Sportsbook
- BetMGM
- PointsBet
Can I withdraw my winnings with PayPal?
PayPal can be used as a withdrawal method. Payments take up to 24 hours to process, but are usually faster.
What is PayPal?
PayPal is an online payment system that makes paying for things online and sending and receiving money safe and secure. When you link your bank account, credit card or debit card to your PayPal account, you can use PayPal to make purchases online with participating stores.
Is PayPal secure?
PayPal is highly secure, with some of the best end-to-end encryption available. Two-factor authentication is available, with every account password secure.
Do I get charged for using PayPal?
There are no fees in depositing or withdrawing money from your PayPal account, nor do you get charged for keeping money in your PayPal account. Fees occur when you send payment or receive payment from someone in another country.