NY Sportsbook Withdrawal Methods
Once you’ve put your money in a New York sports betting site, it’s important to know how to start requesting NY sportsbook withdrawals. Rather than waiting until the time comes to collect your winnings, you can get a head start on learning all the various payout options that are available to you. Most sites will specify which sportsbook withdrawal options are offered to US sports bettors, but we can provide you with additional details on the methods you should go for. There are some online sportsbook payouts that are known for their reliability, while others are more popular for their convenience. No matter what you are looking for, you should have no problem finding a suitable withdrawal option for NY sports betting.
It can help to know whether you prefer NY sportsbook withdrawals that are fast, have low fees, or offer a combination of both. From there, you can take a list at all of the available options to decide how you would like your winnings delivered. The whole point of betting on the New York Knicks and other teams is to win, and we can help ensure that the process goes as smoothly as possible.
As you may have already guessed, the fastest NY sportsbook withdrawals are those that are sent electronically. Rather than the online sportsbook having to draft funds and mail them to you, electronic payout options send money directly to a specific account. While there no truly instant payout options, there are some NY sports betting payouts that come relatively close. Keep in mind that all the payout methods featured will have fees and banking limits that vary from sportsbook to sportsbook.
For the fastest NY sportsbook payouts, go with bitcoin. Bitcoin is a cryptocurrency that has become the preferred banking method of online sports bettors. With bitcoin, your sportsbook earnings are sent within minutes of being processed from your account. You can also skip having to provide a bank account number or other sensitive information, because the funds are sent directly to your BTC wallet address.
- Min: $20
- Max $25,000
- Fees: None
- Processing Time: As little as 10 minutes
Person-to-Person is a category of NY sportsbook withdrawals that includes MoneyGram, Western Union, and similar services. The online cashier will provide you with a reference number that can then be used to pick up your cash from a retail location. This method has decreased in popularity due to high fees and low maximum limits, but it is still one of the fastest payout methods for NY residents.
- Min: $50
- Max $400
- Fees: Up to $101
- Processing Time: Within 5 business days
There are other methods for NY sportsbook withdrawals that fall outside of bitcoin or MoneyGram. Though not typically as fast, these methods are still delivered within reasonable timeframes. In fact, certain methods are delivered much faster than the estimated timeframes that online sportsbooks provide. Some of the other withdrawal options for New York sports bettors include:
Checks remain one of the most commonly used methods for NY sportsbook withdrawals. The online cashier will express ship a check that can be deposited into your bank account. Most sites now deliver checks by courier to ensure it lands in your fingertips.
- Min: $500
- Max $5,000
- Fees: Up to $50
- Processing Time: 5 -7 business days
Bank wire transfers are one of the more convenient methods for NY sportsbook payouts. The online cashier sends your winnings directly to your checking or savings account. You will need to provide the online cashier with your account information, and you will likely incur fees from your bank and the sports betting site.
- Min: $500
- Max: $25,000
- Fees: Confirm with cashier
- Processing Time: Within 2 weeks
Money orders are certified funds that the online sportsbook will send to your mailbox. You can then deposit the money order into your bank account or cash it at a retail location. Most money orders are available in $500 increments, i.e. $500, $1000, $1500, etc.
- Min: $500
- Max: $10,000
- Fees: Confirm with cashier
- Processing Time: Within 7 days
NY sportsbook withdrawals are easy enough to make, but there are a few things to keep in mind. Before requesting a withdrawal, make sure that all requirements on your account have been fulfilled. For example, if you redeemed one of the many bonuses at New York sports betting sites you will have to meet wagering requirements before making a withdrawal. Another consideration is to keep track of how many requests you have made, as some NY online sportsbooks have a limit on monthly payouts.
One perk that you should be aware of is free monthly NY sportsbook payouts at sites like Bovada, BetOnline, and SportsBetting. Some online sportsbooks for New York residents will offer one free payout per month, while others have special payout rewards. BetDSI, for example, has a loyalty program where you can request NY sportsbook withdrawals more frequently and for free. Look at the banking and promotions section of your online sportsbook to see what offers are available.
Do I Need To Verify My Account Before Requesting A Withdrawal?
Yes, all reputable New York sports betting sites will require players to verify their accounts before withdrawals are processed. This is to maintain the safety and security of your account. If you used a credit card previously, you will need to fill out an authorization form. Additionally, you will likely need to submit a front/back copy of a government issued-ID and a copy of a utility bill for address verification.
Does My Payout Come Back Using The Same Deposit Method I Made?
Your payout will come back using the same deposit method in most cases. The only exception is if you make a deposit with a method that is not available for NY sportsbook withdrawals, i.e. credit cards. In this instance, the online cashier would issue your payout via bank wire transfer. You can always speak with customer service to see if there are additional payout options for your account.
When Will My Withdrawal Be Processed?
Your withdrawal will be processed within a certain time-frame as specified by the online sportsbook. Most New York sports betting sites ask for up to 48 hours for payout requests to be received and approved. NY sportsbook withdrawals may only be handled during certain days/times of the week, such as Monday through Friday from 9:00 a.m to 1:00 p.m. You can always verify this information with the online cashier of the sports betting site.
How Often Can I Request Withdrawals?
Each online sportsbook will have their own withdrawal limits, which will also include how often players can request payouts while betting in New York. The majority of NY sportsbook withdrawals can be requested once every 7 days or so. Bitcoin sportsbook withdrawals can usually be requested more frequently, typically once every 3 days.