DraftKings, a prominent name in the sports betting industry, has established a systematic process for withdrawals to ensure a smooth experience for its users. The DraftKings withdrawal time varies based on the method chosen by the user.
DraftKings processes withdrawals daily from 9 am to 5 pm EST. Any withdrawal requests submitted after 2 pm EST are processed the following day. However, it’s essential to note that due to banking holiday hours, these timelines might be affected. Here’s a breakdown of the typical DraftKings payout time for various methods:
– Online Banking: Up to 5 business days
– VIP Preferred eCheck: Up to 3 days
– PayPal: Up to 2 days
– Debit Card: 1 day
– Cash Cage: 1 hour
– Venmo: Up to 2 days
– Play+ Prepaid Card: Up to 4 days
– Checks (various amounts): Ranges from up to 7 business days to 3 business days, depending on the check amount and tracking method.
– Bank Wire: Up to 2 days
It’s crucial to understand that the times mentioned above are standard processing times, and individual withdrawal times might occasionally exceed these standard times. Users are always encouraged to refer to their DraftKings account withdrawal page for specific details and available options.
What Deposit Methods Does DraftKings Have?
There are several deposit methods when customers have an account with DraftKings, these include:
PayPal: You will need a verified bank account to be with your PayPal account or have a PayPal balance on file. Businesses are not allowed to deposit via PayPal. Furthermore, your email that is used for the PayPal withdrawal MUST be in YOUR name and you need to be using an email address that is confirmed by PayPal and have a bank account that is also confirmed as linked with your PayPal account.
Online banking: This is perhaps the most popular method of depositing. You will need to connect your bank account to your DraftKings account for a quick deposit method. You will need to make a prior deposit using the same bank account you want to use for your DraftKings account before you can fully use this message.
Wire: The site DraftKings needs an account and routing numbers to withdraw funds using this particular method.
VIP Preferred e-check: To use this method, you will need to add both your account and routing numbers for deposits to come straight from your bank. A prior deposit is needed before customers can fully use this deposit method.
Checks: If using this deposit method, the check MUST be made payable to the account with the exact same name and address.
Play+ Prepaid Card: The Play + option allowed customers to make quick and easy deposits while playing online. This is a third-party card and can be used wherever Discover can be used. It also has a super high approval rate when funds are loading.
Cage: This option allows customers to withdraw from the Cage at Resorts Casino based in Atlantic City, New Jersey. This lets customers make in-person cash, safe and instant withdrawals. DraftKings states that Cage withdrawals are only available in New Jersey at the moment.
What is also worth noting is that if you make any changes to your name or address, you will need to provide documentation as requested by DraftKings to keep your identity and account.
Is Playing On DraftKings Legal?
Yes, but only for legal residents who are physically located in one of the 50 states. Residents can open an account and participate in the contests that are done by the site.
However, residents of Arizona, Hawaii, Louisiana, Montana, Nevada, and Washington (the “Excluded States”) cannot get prizes that are offered by DraftKings. If you are a resident of one of the excluded states mentioned, you are still able to open an account and maintain it.
Can I Close My DraftKings Account At Any Time?
Of course, you can. If you want to close your DraftKings account, you can do so by emailing the site at @draftkings.com. They will be able to help you close your account whether it is via email or over the phone through their Customer Service Contact Center.
What If I Have Unredeemed Tickets For A Contest That Has Passed?
If there is a contest that you did not fill, your unredeemed tickets will then be classed as void and you will not get a refund.
If there is a contest that you did fill, but you were not able to redeem your ticket, then DraftKings will refund you the value of your ticket in DK Dollars, how good is that!
If I Have A DraftKings Account, Can I Use It To Bet on Sportsbook?
To keep in line with sports betting regulations, customers of DraftKings will need to verify and meet ALL eligibility requirements before they can be allowed to bet on Sportsbook. Customers will be asked to submit their date of birth, email address, address, full name, social security number, and phone number.
What Is A Bet Slip?
Simply put, a bet slip is a form that holds records of how much money you place on a bet, the slip is electronic only and it also has the potential pay-out number on it as well as the odds for the bet you placed. It is like a receipt of any bet you put on with DraftKings.
Where Can I Make A Bet With DraftKings?
First of all, you are only permitted to bet in a state where DraftKings is regulated and licensed for sports betting. Your account will be restricted from making any bets if you are not physically located in a state that doesn’t permit gambling. Keep this in mind if you are thinking about making an account with DraftKings.
DraftKings withdrawal speed is pretty much consistent with all other sportsbooks. They offer a range of withdrawal methods, and are a promising sportsbook for US resident to bet with.