NY Sportsbook Deposit Methods
In order to start betting on sports online, you will need to learn more about NY sportsbook deposit methods. Making a deposit into an online sportsbook is a big step for any US sports bettor, especially those from New York. There are limitations to the methods that players can use, and some are more reliable than others. eWallets, for example, have become increasingly popular for online purchases but NY residents will not find that PayPal and other services are accepted at online sportsbooks. The good news is that the sports betting sites that accept NY players offer several deposit methods specifically for US sports bettors. You will always have multiple options to choose from, all of which are 100% safe and secure.
When it comes to making an online sportsbook deposit in New York, we can walk you through the process. Once you have created your free New York sports betting account, you can visit the ‘Cashier’ page to view all of the available deposit options. You can find an overview of common online NY sportsbook deposit methods along with answers to frequently asked questions below. Whether you are a casual sports bettor looking to place a bet on the Knicks, or a high roller that wants to put big money on the New York Yankees, there are flexible deposit methods to fit your needs.
The best deposit methods for New York sports betting are those that are fast, convenient, and carry low fees. The fastest NY sportsbook deposit methods will be those that are delivered electronically and applied instantly to your sports betting account. There are also New York sports betting deposits for those who prefer more traditional methods like checks.
Of all the NY sportsbook deposit methods, bitcoin is the best. Bitcoin beats other options in reliability and speed. You never have to worry about a bitcoin sportsbook deposit getting declined. The digital currency also carries no fees, with low minimums and higher maximum deposit limits. You can typically deposit anywhere from $10 to $25,000 within minutes
- Min: $25
- Max $5,000
- Fees: None
- Processing Time: Instant
Many NY sports fans want to wager with more than just a few bucks and prefer high roller sports betting. New York sports betting sites are more than accommodating, with NY sportsbook deposit methods that fit your financial needs. High rollers need deposit methods that allow large sums of money to be deposited in one transaction, rather than having to make several separate deposits that might incur numerous fees.
Bank wire transfers are the #1 NY sportsbook deposit method for high roller sports bettors. This is the only one of the NY sportsbook deposit methods that has no limit on the amount that can be credited to your betting account. There will be fees charged by your bank and the online sportsbook, but they are relatively small compared to the amount that you can fund your account with. Bank wires will send money directly from your bank account to the online sportsbook within 3 business days on average.
- Min: $1,000
- Max: No limit
- Fees: Verify with customer service
- Processing Time: 1-3 Business days
There are plenty of other NY sportsbook deposit methods that bettors can choose from. The banking limits, fees, and processing speeds will vary depending on the online sportsbook that you use. As we have used all of the best NY sports betting sites such as BetOnline, 5Dimes, and SportsBetting, we can give you a general overview of available deposit options that you may come across.
This is the most popular online sportsbook deposit method. Simply use your everyday credit card to make deposits at your favorite sportsbooks. The transactions are instant, though you may have to try your card more than once. Depending on your card issuer, there may be a small percentage fee charged by your bank.
- Min: $25
- Max $5,000
- Fees: < 5%
- Processing Time: Instant
Check deposits are the best alternative to electronic delivery options. You will need to get a cashier’s check from your bank or credit union and express mail the funds to the address provided by your online sportsbook.
- Min: $1,500
- Max: $50,000
- Fees: Varies
- Processing Time: 2-5 Business days
Money orders can be purchased at Wal-Mart, gas stations, convenience stores, and similar locations. You can express ship them to the online sportsbook and most cashiers will reimburse any express shipping fees back to your account.
- Min: $300
- Max: $9,000
- Fees: Reimbursed upon deposit
- Processing Time: Immediately after receipt
Can I Get My Deposit Limit Raised?
The online cashiers at New York sports betting sites are usually quite willing to increase banking limits. It helps if you have a history of making deposits at the site before requesting an increase. Still, high rollers are always favored by online sportsbooks and most of the time all it takes is a quick call to customer service to have your account limits increased.
Can I Use Another Person’s Credit Card To Deposit In My Account?
You can only use a credit card that matches your name and account information when making NY sportsbook deposits. This rule is in place as a security precaution to ensure that your account is safe.
Will I Have To Withdraw Using The Same Deposit Method?
In most instances, your sportsbook withdrawal will come back in the same method that you used to make your deposit. The only time that you will receive a different type of payout is when your deposit method is not available for cashing out. This is a common situation when depositing with a credit card, as credit card payouts are not an option. In this case, the New York sports betting site would typically issue your payout via bank wire transfer.
Why Do Some Sports Books Do Not Accept NY Deposits?
There are some sites that do not accept NY players, and this is only because the state is known for having stricter payment processing regulations than most. The UIGEA is a federal law that impacts every state in the US and prevents U.S. financial institutions from processing offshore gaming transactions. There is nothing that makes it illegal for you to make a deposit, but it can make credit cards more difficult to process for bettors from all 50 states.
Online sportsbooks seem to have a more difficult time with NY and a handful of other states, which is why you will come across books that do not accept NY accounts/deposits altogether. The good news is that the top online sportsbooks like BetOnline.ag, SportsBetting.ag, and 5Dimes.eu accept bettors and take NY sportsbook deposit methods every day!