Ohio Sportsbook Withdrawals

How to Deposit and Withdraw Funds at an Ohio Sportsbook

Our ultimate guide on how to deposit and withdraw at Ohio’s most popular online sportsbooks and how to get your winnings as quickly as possible.

Ohio residents – great news. Sports wagering is on its way this year and will soon be available! Wagering on your favorite teams will be as easy as a few clicks.

So, how do you get started? By signing up for accounts at some of Ohio’s best-known sportsbooks, of course.

In this article, we will explain:

  • Methods for depositing money in your accounts
  • Processes for withdrawing money
  • Which approaches are best for different sports bettors
Ohio Sportsbook Withdrawals

The best news is that Ohio sportsbook cater to sports bettors of all types. Minimum deposits can be as low as $5, or as high as tens of thousands of dollars.

Ohio Sportsbook Deposit Options

You’re here to find out how to make a deposit at an Ohio online sportsbook. So, let’s dive straight in to the different options available to you in the Buckeye State.

Online Banking

This option is listed as the ‘recommended’ option at many sportsbooks. The online banking option allows Ohio sports bettors to access accounts at over 1,000 U.S. banks to authorize a payment to their wagering account.

Just about every sportsbook operating in the United States offers online banking as a deposit option. Ohio sportsbook deposits and withdrawals will be no different.

This is accomplished via a secure connection, and the sportsbook cannot see your bank login information. Money is available almost immediately.

Online Sportsbook Withdrawals

Credit/Debit Card

Another way to fund your account instantly is by using credit or debit card. Major U.S. brands (Visa, Mastercard, American Express, and Discover) are accepted by most major books. However, these may be subject to additional fees depending upon your specific cardholder agreement.

Some states do not allow debit card payments to fund sports wagering accounts – Iowa is one example. Fortunately, Ohio has not announced plans to set any such restrictions.

PayPal

The growing popularity of mobile payment services to transfer money between friends and family has reached the sports wagering business. Most major sportsbooks now accept PayPal as a means of funding.

You can link a PayPal account to your sportsbook account, allowing for instant funding and deposits at numerous well-known sportsbooks.

Note: Venmo, an equally popular mobile payment service, is not accepted by any known U.S. sportsbook.

PayPal at Online Sportsbooks

Wire Transfer

This was a favored method of funding during the offshore sportsbook era. Ohio sports bettors will continue to enjoy wire transfers as an option. However, the downfall of wire transfer as an Ohio sports betting deposit option is that your money will not be available right away.

The other deposit methods described above will allow you to wager right away. But a wire transfer typically takes 1-2 business days for processing.

In fact, sportsbooks often advise customers to make wire transfers by noon on Fridays if they want funds available for the weekend.

Another note if you use wire transfers – your minimum required deposit will increase. DraftKings, for example, requires a wire transfer deposit minimum of at least $100, but will accept a debit card or online banking deposit of $5.

Gift Card

Some larger books offer gift cards, which act as debit or credit cards that can be used specifically on their mobile sites.

Depositing via these cards resembles using a debit or credit card, with funds immediately available.

BetMGM Sportsbook

BetMGM Sportsbook FIRST BET OFFER

Sign up to BetMGM Sportsbook Ohio and get up to $1,000 paid back in site credit if your first bet doesn't win.
$1,000 Paid Back get bonus
OH only. 21+. Gambling problem? Call-1800-GAMBLER. T&Cs apply.

Cash

This is probably the most complicated method, ironically, in the electronic age. But Ohio bettors can still take good, old-fashioned cash to participating stores such as Family Dollar, 7-Eleven, and CVS Pharmacy.

Using the mobile app, users click on “deposit cash” to generate a one-time barcode that can be scanned at participating stores. Users are limited to $500 in cash deposits per day.

Ohio Sportsbook Withdrawal Options

Ohio sportsbook withdrawals are easy enough. However, they generally takes longer and are available in fewer forms compared to depositing.

Prepaid Card

This is the fastest method. Receiving a prepaid debit card from the sportsbook of your choice requires no specific minimum withdraw amount. Bettors can expect to have the card in hand 2-4 days later.

All of the major online sportsbooks have prepaid card options, from DraftKings to FanDuel.

FanDuel Sportsbook

FanDuel Sportsbook SPECIAL OFFER

Sign up to FanDuel Sportsbook Ohio and bet just $5 to get $200 in Bonus Bets regardless if you win/lose.
Bet $5, Get $200 get bonus
21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER

PayPal

They say to allow 3-5 days to receive your funds. Another advantage is that the minimum value of Ohio sportsbook withdrawals via PayPal tends to be as low as $1.

Check

You have the good, old-fashioned option of a check in your hands, but it will take a while. It can be 1-2 weeks, to be specific, in order to receive your funds. Checks also typically require higher withdraw amounts.

Ohio Sportsbook Withdrawals

Deposit Methods Accepted by Each Sportsbook

There are so many Ohio online sportsbooks available to try. Let’s take a look at the big U.S. sportsbooks and the available deposit methods at each.

SportsbookOnline BankingCredit/Debit CardPayPalWire TransferGift CardCash
DraftKingsxxxxxx
FanDuelxxxxxx
BetMGMxxxxx
Caesarsxxxxx
BetRiversxxxxx
Barstoolxxxxx

(“x” indicates an accepted method)

How To Deposit Money into an Online Sportsbook

  1. Sign up for an account at the sportsbook of your choice. You will be asked for your name, email, and a password to access your account. Some sportsbooks may ask for other information such as address and phone number.
  2. Find the “Deposit” option. Most sportsbooks make this option very easy to find, as it is typically found at the top of the interface or within the front page of your online account. Some platforms use phrases like “Add Funds” in place of deposit.
  3. Choose your preferred method of deposit. These options are typically displayed via a dropdown menu in rough order of popularity and ease of method.
  4. Choose the amount you’d like to deposit. Minimums and maximum are usually prominently displayed. But the interface will often prompt you with a common or recommended amount ($100 is a common example.)
  5. Fill in your account information – whether bank account, card number, PayPal account, etc.
  6. Await confirmation that your funds have been deposited.
  7. Then, happy wagering!

That’s our guide to depositing and withdrawing money at Ohio sportsbooks. To get started, why not claim one of our exciting Ohio sports betting bonuses below? Some don’t even involve a deposit!

FanDuel Sportsbook

FanDuel Sportsbook SPECIAL OFFER

Sign up to FanDuel Sportsbook Ohio and bet just $5 to get $200 in Bonus Bets regardless if you win/lose.
Bet $5, Get $200 get bonus
21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER
BetMGM Sportsbook

BetMGM Sportsbook FIRST BET OFFER

Sign up to BetMGM Sportsbook Ohio and get up to $1,000 paid back in site credit if your first bet doesn't win.
$1,000 Paid Back get bonus
OH only. 21+. Gambling problem? Call-1800-GAMBLER. T&Cs apply.
bet365 Sportsbook

bet365 Sportsbook SPECIAL OFFER

Bet $1 and Get $200 in Bet Credits at bet365. Deposit required. Bet Credits wager excluded from returns.
Bet $1, Get $200 get bonus
T&Cs, time limits and exclusions apply. OH only. 21+. Gambling problem? Call-1800-GAMBLER.
BetRivers Sportsbook

BetRivers Sportsbook 2ND CHANCE

Sign up to BetRivers Sportsbook Ohio and get up to $500 back in site credit if your first bet doesn't win.
$500 2nd Chance Bet get bonus
Must be 21+. If you or someone you know has a gambling problem, call 1-800-GAMBLER.
DraftKings Sportsbook

DraftKings Sportsbook SPECIAL OFFER

Sign up to DraftKings Sportsbook Ohio and bet $5+ on any market to receive $200 in Bonus Bets, guaranteed!
Bet $5, Get $200 get bonus
OH only. 21+. Gambling problem? Call-1800-GAMBLER. T&Cs apply.
Caesars Sportsbook

Caesars Sportsbook SPECIAL OFFER

Use code OHEXPERT1BET and, if you lose your first bet, receive a Bet Credit equal to your stake up to $1,500.
$1,500 Paid Back get bonus
OHEXPERT1BET
OH only. 21+. Know When To Stop Before You Start.® Gambling problem? Call 1-800-GAMBLER
Ohio Betting Experts
Logo