Sports Betting Prepaid Cards: Which Sites Accept them as a Payment Method?
News February 1, 2023
The Maryland sportsbooks that accept prepaid cards and allow you to top up your virtual sports wagering wallet using this banking method.
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It’s taken some time, but online sports betting is live in Maryland. The launch of sports betting in the state was highly anticipated, especially with two NFL and one MLB franchise.
With online sports betting being a new commodity in the state, many players may need to learn how to deposit or withdraw funds at these sites. Also, some players may not have access to the numerous banking methods that online sportsbooks offer.
Well, some sportsbooks recognize that and allow you to use prepaid cards. The use of sports betting prepaid cards removes the need for using a credit card or getting involved with a bank transfer to some degree.
Here, we’ll cover what sports betting prepaid cards are, what brands have them in Maryland, how they work, and how to get them.
What Are Prepaid Cards In Sports Betting?
When thinking of a prepaid card used in sports betting, this can be one of a few things. You may be familiar with the prepaid VISA gift cards you can buy at a Walmart or Target. Well, there are cards like this for sports betting, too.
Here are some examples:
- Play+ Card
- Gift Cards
With these methods, you can purchase or acquire them and use them to either fund your account or as an intermediary for retrieving funds. Sports betting prepaid cards effectively act as a middle-man between your banking and your chosen online sportsbook.
Benefits of Prepaid Cards
If you are new to the world of prepaid cards, in a sports betting context or otherwise, then don’t be alarmed. There are multiple benefits to using prepaid cards to fund your sportsbook account.
Firstly, there is the convenience aspect. Lots of sports bettors have praised the prepaid card due to it being a fast and effortless method of depositing and withdrawing funds.
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If that’s not enough, you do not require credit approval to use one. Treat your sportsbook prepaid card like you would a gift card or debit card. It can be topped up and used whenever you want.
Finally, let’s say you win big at the online sportsbook. Congratulations! Now, you can withdraw your winnings to your prepaid card and physically withdraw the cash at your nearby ATM to use on whatever treats you wish.
Types of Prepaid Cards
As we’ve explained, there are different types of prepaid cards. Let’s dive in.
The most well-known prepaid card is the first example we listed, the Play+ Card. You can receive this card from the casino simply by signing up either on the Play+ website or with your online sportsbook.
The card functions similarly to a debit card. You can add money online using your debit/credit card or online banking. Also, the card can tie in directly with your online sportsbook account and/or your rewards profile.
To withdraw funds, you can also access an ATM and use a PIN to access your winnings. All funds added to the card are FDIC-protected.
The minimum deposit on these cards differs depending on the brand you’re playing at, but a good rule of thumb is $10. Your funds will hit your sportsbook account immediately when you deposit, and you can access them instantly when you withdraw. However, the maximum amount you can add to your card per day is $5,000 per Play+.
This is the easiest way to deposit/withdraw with an online sportsbook. As an example, read about the FanDuel Play+ Card here.
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There are two popular types of gift cards with online sports betting. These are sportsbook branded gift cards and Game On.
Both cards are purchased directly from popular retailers and have a minimum purchase amount of $25.
These cards function similarly to if you had a gift card for Amazon. You have the card with a code. Then, you go to the online sportsbook, open the deposit tab, click on the appropriate gift card, input the information, and immediately reap the benefits of your newfound funds.
Unfortunately, you cannot withdraw using these cards. But when you use them to deposit, it’ll hit your account instantly. This is an easy method to deposit funds into your account, and you can dispose of the card after.
While this isn’t a card, per se, PayNearMe functions similarly to one.
With this method, you’ll start engaging with it on your online sportsbook cashier page. Once you decide how much you want to deposit (the minimum is usually around $10), you’ll receive a barcode. With this barcode, you’ll take it to a retailer using your mobile device or printing it out.
Once at the retailer, you’ll show them the barcode, and they’ll scan it. It’ll ring up as a purchase like anything else. Once this is complete, your funds will instantly hit your online sportsbook account.
To use PayNearMe, you’ll need to have an account at the online sportsbook. Here’s everything you need to know about signing up to a Maryland online sportsbook.
This isn’t the fastest method to use, as you’ll need to visit a retailer. Still, it’s a solid alternative for those who do not wanting to use a debit card or something similar.
Sports Betting Prepaid Cards Summary
|Prepaid Method||What Is It?||How To Get It?||Is This Used For Deposits, Withdrawals, or Both?|
|Play+ Card||Offered by the online sportsbook, so you need to acquire from them.||You just need to sign up for one at the online sportsbook that offers it.||This can be used for deposits and withdrawals. To withdraw, you can go to an ATM.|
|Sportsbook Branded Gift Card||Function like any other gift card. You purchase it and use it specifically for that platform.||In states where the sportsbook is legal, you can buy the gift card online or at retailers such as Dollar General, 7-Eleven, Sheetz, and more.||This is a deposit-only method. The minimum amount is $25.|
|Game On Gift Card||Accepted at multiple online sportsbooks and are available in 10 states.||These are available at retailers, including Price Chopper, Office Depot, Lowe’s, and more.||This is a deposit-only method. The minimum amount is $25.|
|PayNearMe||A cash-based transaction performed at a retailer.||To use it, you’ll need to engage with the method online and retrieve a barcode for the amount you wish to deposit. You can print out the barcode or get it on your phone. Then, you’ll bring it to a retailer that accepts it (7-Eleven, CVS, and more) and use it.||This is a deposit-only method.|
What Sports Betting Brands Support Prepaid Cards?
While not every online sportsbook will allow you to use these, you’ll be happy to know that most well-known platforms do.
|Prepaid Method||Sportsbook That Supports Them|
|PayNearMe||Caesars, FanDuel, BetMGM, DraftKings, Golden Nugget, PointsBet, bet365|
|Sportsbook Branded Gift Card||BetMGM, DraftKings|
|Game On Gift Card||FanDuel, DraftKings, BetMGM, BetRivers, Hard Rock, and Parx|
|Play+ Card||BetRivers, Caesars, BetMGM, FanDuel, WynnBET|
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Prepaid Sports Betting Cards FAQ
Do I need an account at an online sportsbook to use a prepaid card?
Yes, for a Play+ Card, you’ll need to have an account with the online sportsbook, as the card will link to your account. However, if you use a gift card, you can buy them at any retailer. To use the gift cards, you’ll need to have an account.
Why are prepaid cards available for sports betting?
Prepaid cards like Play+ are available because they’re a no-credit-check card that anyone can receive instantly just for having an account. It comes with a PIN and is secured by the FDIC.
Are there daily limits on prepaid cards?
The maximum amount you’ll be able to add to a Play+ Card daily is $5,000. However, the minimum deposit using them depends on the sportsbook.
How long do prepaid card withdrawals take?
With the Play+ Card (the only method listed above that you can use to withdraw), you’ll have access to your funds instantly.
Are there any restrictions on bets I can make using a prepaid card?
Generally speaking, no. You’ll be able to use a Play+ Card to add funds to your account, which you can then use to bet on sports. The Play+ Card is used for funding online gaming accounts.