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At Pickswise, we’ve undergone a lengthy review process to evaluate the best PayPal betting sites in the sports betting industry. Using PayPal for deposits and withdrawals has become very popular among customers, so it is important to know which sportsbooks utilize PayPal before getting started. Keep reading for all the details on our favorite PayPal betting sites.
Top 5 best PayPal betting sites
We have tested and reviewed many sportsbooks and arrived at our top five PayPal betting sites. We took several things into consideration when coming up with this list, including each sportsbook’s welcome offer, speed of payouts and the functionality of all of the mobile apps.
| Rank | Sportsbook | Welcome Offer + Code | Pickswise Rating |
| #1 | DraftKings Sportsbook | Bet $5, Get $150 in Bonus Bets | 5/5 |
| #2 | FanDuel Sportsbook | $1,000 No Sweat First Bet | 5/5 |
| #3 | Caesars Sportsbook | $1,250 First Bet Bonus | 4.8/5 |
| #4 | BetMGM Sportsbook | $1,000 First Bet Bonus | 4.8/5 |
| #5 | BetRivers Sportsbook | $500 Second Chance Bet | 4.7/5 |
Best online PayPal sportsbooks 2023
Which PayPal betting site should you bet with
| Sportsbook | Deposit / Withdrawal Method | Deposit Speed | Payout Speed | Deposit / Withdrawal Limits | Pickswise Rating |
| DraftKings | PayPal | Instant | 2 Days | Min: $5 Max: $2,000 | 5/5 |
| FanDuel | PayPal | Instant | 2-3 Days | Min: $10 Max: $5,000 | 5/5 |
| Caesars | PayPal | Instant | 2-3 Days | Min: $20 Max: $500 | 4.8/5 |
| BetMGM | PayPal | Instant | 1-2 Days | Min: $20 Max: $1,000 | 4.8/5 |
| BetRivers | PayPal | Instant | 1-2 Days | Min: $10 Max: $500 | 4.7/5 |
Benefits of PayPal betting sites
Using PayPal as a deposit method has become extremely popular lately, due largely to how easy it is to do so. PayPal has been in operation for over 25 years and has been used by millions of people for making payments to various recipients. The familiarity of PayPal makes depositing to a PayPal betting site incredibly easy.
There are other benefits of choosing to use PayPal as a deposit method as well. In terms of fees, what’s great about using PayPal is that there are no fees to deposit or withdraw. For example, some sportsbooks charge a fee to use a credit card to deposit, while others have fees for withdrawing via check.
How we rate the best PayPal online betting sites
To build our list of the top five best betting sites with PayPal, we considered a number of factors. Since this is specific to PayPal betting sites, we placed an emphasis on how quickly you are able to deposit and withdraw. As you can see from our table, all five of our best PayPal betting sites have instant deposit methods, often within 15 minutes of first signing up.
We also love to see when withdrawals are rapid. When you’ve made some money from your sports betting wins, you want your cash quickly. When using PayPal, the time to receive your winnings is typically within 72 hours for all our top PayPal betting sites.
Lastly, we considered the sportsbooks’ welcome offers, available markets and available states as part of our scoring criteria.
How to sign up with a PayPal online sportsbook
Signing up with a PayPal betting site is very easy. In fact, it’s one of the reasons we recommend choosing to use PayPal as your deposit method when signing up. To get started, just follow the following steps:
- Click one of the links in the article to sign up for your desired sportsbook
- Follow the prompted steps to create an account
- Find the deposit section of the sportsbook’s interface
If you want to use PayPal as your deposit method, we will have steps to do so in the next section.
How to deposit at online sportsbooks using PayPal
Once you’ve created an account on one of the PayPal betting sites, it’s time to make your first deposit. Follow the steps below to fund your bankroll for your first bet.
- Sign in to your account
- Navigate to the deposit section
- Choose PayPal as your deposit method
- Log in to your PayPal account
- Select how much you want to deposit and complete the deposit
Depositing via PayPal is one of the most convenient ways to fund your bankroll. Once you’re ready to withdraw, using PayPal is quick and easy as well.
What to watch out for when betting with PayPal
There are no major concerns with using our top PayPal betting sites, but there are some things you will want to be aware of. We have some of those concerns below but will let you know why you should not worry about them.
Subject to PayPal Terms and Conditions
When using PayPal as a deposit method at a sportsbook, you not only must follow the sportsbook’s terms and conditions, but PayPal’s as well. For example, PayPal may delay a withdrawal temporarily if they suspect suspicious behavior. However, this is a good thing! PayPal is a trusted company that is keeping a close eye on all transactions. This means you can feel safe using PayPal betting sites.
Payouts are not immediate
When depositing money into a PayPal betting site, the transaction takes place in just a matter of minutes. Unfortunately, the same is not true for withdrawals. Withdrawals through PayPal often take 1-3 days, depending on the sportsbook. This isn’t a problem, as PayPal still offers one of the quickest payout methods available. There is no added time like there is with a physical check. There is also no cost to withdraw or risk of the payment being lost in the mail.
Possible additional fees
When depositing on one of the betting sites with PayPal, you’ll want to be sure to use the bank transfer method. If you send money through a credit or debit card to PayPal, there is a 2.9% fee involved. However, as long as you transfer money to and from your bank account, there are no fees from PayPal.
Are PayPal online sportsbooks legal and legit?
Yes, PayPal betting sites are legal and legit. If you live in a state in which online sports betting is legal, you are able to participate at many sportsbooks. With the overturning of PASPA in 2018, sports betting became legal. Sports betting is now legal in 37 states and Washington, D.C. with more legalizing each year.
Utilizing PayPal to process transactions adds to the legitimacy of the sportsbook experience. PayPal was founded in 1998 and has been used as a payment system by people worldwide for many years.
FAQs
Our scoring criteria deemed DraftKings as the best PayPal betting site. However, depending on your sports betting desires, you may feel another PayPal betting site is best.
All of the sportsbooks on our list of best PayPal betting sites are extremely popular. Often times different sportsbooks are more popular in different states, so it is hard to say which sportsbook is the most popular overall.
FanDuel Sportsbook currently has the most users of our top PayPal betting sites, which is partially why they scored a 5/5 in our grading.
All of our best PayPal betting sites have extremely fast payouts. FanDuel, BetRivers, and DraftKings will sometimes complete withdrawals within 24 hours, but each of our top five typically completes the transaction within 72 hours.
Andrew Wilsher
Managing Editor