Maryland Sportsbook Deposits

How to Deposit and Withdraw at a Maryland Sportsbook

Learn how to make Maryland sportsbook deposits and withdrawals at some of America’s most popular online sportsbooks with our complete guide.

Sports Betting is finally legal in the state of Maryland. It’s been a weird, wild road to legalization since betting was first banned in the state way back in 1968.

After referendums in 2008 and 2012, respectively, different forms of gambling have started to pop back up in the Old-Line State, culminating with the passage of legal sports wagering in 2021. Not to be outdone by the other five states to pass sports betting laws this year, Maryland is offering a colossal sixty gaming licenses. That’s three times as many as any other state!

How to Deposit at A Maryland Sportsbook

If you are living in Maryland, you are probably enjoying the start of your online wagering journey. So, we are here to dig into some of the ways you will be able to deposit and withdraw at Maryland sportsbooks. Maryland sportsbook deposits and withdrawals are important parts of the online sports betting experience.

How to Deposit at a Maryland Sportsbook

Maryland has authorized the use of credit/debit cards, ACH transfers, pre-paid cards, cash at casino cages, and digital payments like PayPal for minimum deposits. Withdrawal options are very similar.

Since Maryland is one of the newest states to pass sports betting, you might also see cryptocurrencies as a transaction method. However, we would recommend steering clear of this payment method.

Most methods are going to have some sort of minimum deposit amount – usually $5. Fortunately, the funds are likely to appear in your account instantly. Expect a wire transfer to take 5-7 business days.

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A few things you will want to consider before deciding on your method of Maryland sportsbook deposits are:

  • Minimum Deposit Limits
  • Maximum Deposit Limits
  • Fees
  • Legal Restrictions
  • Time Frames on Available Funds
  • How Payments Will Appear in Statements
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How to Withdraw at a Maryland Sportsbook

It is usually pretty easy to sign up and deposit money, but getting it once you’ve won big? Generally, that’s a whole different story.

The type of verification and the amount will vary from sportsbook to sportsbook. But, at the very least, you will need to provide some sort of government-issued ID. Library cards aren’t going to cut it here; anticipate using a driver’s license, passport, or birth certificate that bears the same name as the account holder. You will need to either scan or take a photo of the identification and submit it to the sportsbook.

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What’s more, you will probably be asked to provide some sort of documentation with your billing information on it so you can get that sweet payout sent directly to your bank account. Something like a utility bill or bank statement will likely suffice. If you want to withdraw or deposit via a credit card, you need to submit a photo of the front and back of the card, along with a verification form.

All of these requirements will vary by sportsbook. So, make sure to do your research before making a decision on which one to use. And keep in mind, the verification process for Maryland sportsbook withdrawals will often take up to 48 hours.

How to Withdraw From A Maryland Sportsbook

How to Withdraw Funds

Now that you have gone through the process of getting set up with your sportsbook and they have verified all of your documentation, you can finally request to withdraw your funds.

There will be a page or window called “Cash Out” or “Withdraw” or “Cashier”. Here, you can input how much money you would like to take out. Select your preferred method of payment and the withdrawal process will begin.

The speed of your withdrawal will vary by method. Some are certainly faster than others – the range can go from instant (PayPal) to 10 days (physical check). Keep your eyes peeled for methods that incur fees on the transaction!

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More Info on Depositing & Withdrawing

Now that we’ve covered withdrawing and depositing, let’s dive in a little deeper on specific methods. Certainly, methods for both will differ, but at least some of the following are available for either or both.

Payment MethodFees?Processing Time?
Credit & Debit CardsAlmost neverAround 3 business days for withdrawals; instant for deposit.
PayPal & Other e-WalletsNoneInstant
Prepaid Cards (Play+ etc.)VaryInstant
Cash at CagesNoneInstant
ACH TransfersNone1 to 2 days

Credit & Debit Cards

There are few more convenient methods than credit and debit cards. Most sportsbooks will accept Visa and Mastercard. Other cards vary depending on the sportsbook. But, with up to 60 online sportsbooks potentially coming to the Old Line State, you won’t be short of options.

 PayPal (and other e-Wallets)

Virtual e-Wallets are certainly popular methods for Maryland sportsbook deposits and withdrawals. They are widely accepted at legal U.S. sportsbooks.

All you need to do to get started is enter your information on the login page. Funds should then start showing up in 1-2 business days.

E-Wallets are known for their security as you do not have to share banking information with the sportsbook. Venmo is a popular mobile e-Wallet owned by Paypal. Traditionally, transfers from Venmo to a checking account take 1-3 business days to process, so keep that in mind.

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Prepaid Cards

So, prepaid cards are becoming increasingly available and we expect to see them upon launch. To use one, you will need to have a checking account or credit/debit card to transfer money to the card. The biggest advantage of these is the high acceptance rates.

All of the biggest online sportsbook brands have their own prepaid cards. For example, the BetMGM Play+ prepaid card is extremely popular and is already being used by many in Maryland.

Cash at Cages

This method requires you to travel to the partner casino of the online gaming site you are using and hand the teller funds that they will instantly allow you to bet with. Or, you can withdraw and receive physical cash. You will need some form of ID to do this.

ACH Transfers

Sometimes listed as VIP Preferred, this method uses an Automated Clearing House (ACH) to move cash directly to your bank account. They often have high deposit limits making them a top choice for big Maryland sports bettors.

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BetMGM Sportsbook

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DraftKings Sportsbook

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Terms and Conditions apply
Caesars Sportsbook

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MDEXPERTPICS
Terms and Conditions apply
BetRivers Sportsbook

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Terms and Conditions apply

Maryland Sports Betting Depositing & Withdrawing FAQ

Can you use PayPal to deposit at Maryland online sportsbooks?

Yes, PayPal is accepted at all of the licensed and regulated online sports betting apps in Maryland (and in all other legal sports betting states).

Where can you get Play+ Prepaid Cards to deposit and withdraw?

Most online sportsbooks have their own prepaid cards. You can sign up to receive yours via your preferred online sportsbook’s app or website. The physical card will then arrive a few business days later.

What is the fastest way to withdraw from a sports betting app?

PayPal and prepaid cards (Play+) are the fastest way, as withdrawals are instant. Similarly, withdrawing cash at your local casino’s cage is instant. However, you have to travel to the casino to get your funds.

How do I deposit into sportsbook?

There will be a ‘Deposit’ section in your app, most likely next to funding or payments. These are the following deposit options that you can choose from; PayPal, debit card, credit card, prepaid card e.g. Play+, instant bank transfer, PayNearMe, and more.

Can you use debit card to deposit into a sportsbook?

Yes, you can use your debit card to make a deposit. Just enter your card’s details when adding a deposit option to your account. Then, any winnings can also be withdrawn to that same card.
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