Ever since the Supreme Court legalized sports betting in New Jersey this past May, it seems like websites offering sports gambling are popping up at a dizzying rate.
With so many different online outlets to choose from, you could be left asking yourself about which one to choose. Well, perhaps seamless accessibility is one of the components you’re desiring in a sports gambling website. If so, just know the following — not every online sports-betting outlet allows the use of PayPal. You can bet on sports right now using Paypal at SugarHouse!
Here is a list of New Jersey sports books currently accepting and not accepting PayPal as a deposit method.
SugarHouse Sportsbook (Yes)
DraftKings Sportsbook (Yes)
FanDuel Sportsbook (Yes)
Caesars Sportsbook (Yes)
William Hill (Coming soon)
PlayMGM (Coming soon)
Betstars (Coming soon)
888 (Coming soon)
There are only three daily fantasy sites that currently accept PayPal to deposit and withdraw. They are: Draft Kings, FanDuel and Fantasy Draft. According to LegalSportsReport.com, each daily fantasy site comes equipped with its own guidelines and rules for PayPal.
For example, the current Draft Kings promo mandates a minimum PayPal deposit of $10 and a max deposit of $5,000. With your first PayPal deposit, you’ll get $20 in free play. Users can also make withdrawals on their winnings within a 24-to-48-hour window. Having $20 in free play and the ability to cash out on your winnings in one to two days sounds great to us.
FanDuel’s PayPal promo is comparable. With your first deposit, you’ll get $20 in free play. The mandatory minimum deposit is $10, while the maximum deposit allowed is $10,000 — double that of Draft Kings. Fan Duel, too, offers withdrawals in 24 to 48 hours.
Finally, a $4 ticket will give you instant entry on Fantasy Draft, with the minimum PayPal deposit being $10 and the max $10,000. Withdrawals can also be made in 24 to 48 hours. Nice!
The ability to utilize PayPal for sports betting is definitely a solid feature, considering it will make life easier depositing and withdrawing money. PayPal, of course, links right to your bank account, so electronic checks can be tendered directly from there.
Paypal does charge 2.9 percent to desposit using a debit or credit card but the online sports betting sites themselves do not charge a fee. That said, PayPal is considered safer to use for betting sites than using a credit or debit card as it provides an extra layer of security.