Draftkings Withdrawal To Bank Account: A Comprehensive Guide

If you’re an avid sports bettor or daily fantasy sports enthusiast, chances are you’ve come across DraftKings, one of the premier betting sites and apps in the industry. With over 15+ years of experience in the gambling industry, we are here to provide you with a step-by-step guide on how to withdraw your winnings from DraftKings. Whether you’re using the mobile app or the website, we’ve got you covered. Let’s dive right in!

Making Your First DraftKings Withdrawal

So, you’ve won some money on DraftKings, and now you want to enjoy the fruits of your success. Making a withdrawal from DraftKings is a breeze. Here’s how you can do it:

1. Log in to your DraftKings account at sportsbook.draftkings.com.
2. Select “My Account” from the dropdown menu.
3. Choose which account to withdraw from (Sports & Casino or DFS).
4. Enter the amount you want to withdraw and press “continue.”
5. Select your preferred withdrawal method.
6. Hit the “Request Withdrawal” button.

It’s worth noting that the minimum withdrawal amount on DraftKings is $20. The initial portion of your withdrawal will be sent to the original deposit source, with any additional funds going to your chosen withdrawal method, such as PayPal or Neteller.

Steps to Take Before Requesting a Withdrawal

Before you initiate a withdrawal on DraftKings, there are a few essential steps you should follow:

1. Ensure your account is verified, typically requiring valid identification like a passport or driver’s license.
2. Fulfill any bonus wagering requirements set by DraftKings to make your funds eligible for withdrawal.
3. Once you’ve met these criteria, you can proceed with your withdrawal request.

Withdrawal Payment Methods Available at DraftKings Sportsbook

DraftKings offers various withdrawal options, and the payment method used for your initial deposit will be automatically selected for the amount of previous withdrawals. Any remaining funds will be paid via PayPal or Check. While there’s no specified withdrawal limit, be prepared to provide documentation for larger withdrawals.

Here’s a list of available deposit options:

• Bank account
• Credit card & Debit cards
• Prepaid card (Play+)
• PayPal Withdrawals
• E-Check
• Cash at the Casino cage withdrawals

To use PayPal as a withdrawal method, you’ll need to link it to the same bank account you typically use.

DraftKings Withdrawal Times

DraftKings processes withdrawals from Monday to Friday between 9 AM to 5 PM ET. After processing, it may take between two to seven business days to receive your money, depending on your chosen payment method. Checks, in particular, can take up to a week for delivery. Many users report receiving their funds within days, and sometimes even hours.

To expedite the process, consider requesting a withdrawal on a Monday morning, as weekends tend to see a higher volume of withdrawal requests.

Withdrawal Method	Typical Processing Time
PayPal	3-5 Days
Check	3-5 Days
Play+	2-4 Days
Online Banking	3-5 Days
ACH	3-5 Days
Wire Withdrawal	24-48 Hours
Cage	1 Hour

Understanding DraftKings Withdrawal Holds

Occasionally, DraftKings may place a withdrawal on hold. This can happen for several reasons, including:

• Recent changes to your personal information (address, bank details, email).
• Larger withdrawal requests than usual.
• Unverified bank accounts.
• Incorrect details, such as the last 4 digits of your SSN.

A hold is typically temporary unless there are issues with your account that need resolution. You may need to provide a W9 for tax purposes, which can also delay your withdrawal.

How to Withdraw Funds from DraftKings

Now, let’s explore how to withdraw funds from DraftKings on various platforms:

How to Withdraw Funds from a DraftKings App

1. Log into your DraftKings app.
2. Tap your profile photo in the top left corner.
3. Scroll down and tap “Withdraw.”
4. Review “Things to Know Before Withdrawing” and click “Got It.”
5. Enter the withdrawal amount.
6. Select your preferred withdrawal method.
7. Tap “Request Withdrawal.”

How to Withdraw Funds from Desktop or Laptop

1. Log into DraftKings on your desktop.
2. Click your profile photo in the top right corner and select “Account Information” from the dropdown.
3. In the left rail of “My Account,” click “Withdraw.”
4. Review “Things to Know Before Withdrawing” and click “Got It.”
5. Enter the withdrawal amount.
6. Toggle between “Withdraw from Gaming” and “Withdraw from Fantasy” if needed.
7. Click “Request Withdrawal.”

How to Withdraw Funds from Mobile Web

1. Log into DraftKings on mobile web.
2. Tap the three-line Menu icon in the top left corner.
3. Tap the gear Settings icon and select “Account Information.”
4. From the “My Account” page, tap the dropdown and choose “Withdraw.”
5. Review “Things to Know Before Withdrawing” and click “Got It.”
6. Enter the withdrawal amount.
7. Toggle between “Withdraw from Gaming” and “Withdraw from Fantasy” if necessary.
8. Tap “Request Withdrawal.”

With this comprehensive guide, you should have no trouble withdrawing your winnings from DraftKings. Enjoy your hard-earned rewards, and may your bets always be in your favor!

Conclusion

In conclusion, making your first DraftKings withdrawal is a straightforward process that allows you to enjoy the rewards of your sports betting or daily fantasy sports endeavors. By following the steps outlined in our guide, you can effortlessly access your winnings and manage your finances within the DraftKings platform.

Remember that a fully verified account and meeting any bonus requirements are essential prerequisites for a successful withdrawal. Additionally, being aware of the withdrawal options, including bank transfers and e-wallets like PayPal, enables you to choose the method that suits your preferences.

With this knowledge and a clear understanding of the withdrawal process, you can confidently cash out your winnings on DraftKings, making your betting experience not only enjoyable but also financially rewarding.

Frequently Asked Questions