New York Betting Site Deposits

If you live in NY and you’ve signed up at a legal online sportsbook, one of the first things you’ll need to address are the many deposit options available to you. New York betting site deposits come in various formats, and most of the top sites make it easy to select the method that works best for your financial situation.

While each sportsbook is different, most of them have the same general buy-ins. Every legal New York betting site supports Visa and Mastercard, and they each also support Bitcoin, which has become the industry-standard cryptocurrency. Also offered are avenues like cashier’s checks, money orders, and bank wire transfers.

How To Pick The Right New York Betting Site Deposit Method

In order to know how to pick the right New York betting site deposit method, you really only need to consider two factors, as these are the chief considerations involved. First, you have to determine how quickly you wish to bet on a given contest. Second, you have to know exactly how much money you’re planning on depositing. These seem like basic ideas, but they are actually quite important when it comes to online betting, as these will inform which method or methods you end up using to fund your New York betting site account.

Fastest Deposit Methods For New York Betting Sites

The primary consideration for most new sports bettors is speed, or how soon their deposit will show up in their online account so that they can start placing wagers. The fastest deposit methods for New York betting sites, universally, will be to use credit or debit cards.

Every top online sportsbook serving NY residents accepts Visa and Mastercard, and most of them will even take Visa gift cards (which is actually a very popular payment method in the online sports betting industry). However, please note that of the five major books available in New York (SportsBetting, BetOnline, BetDSI, 5Dimes, and BookMaker), only SportsBetting and BookMaker currently accept American Express.

Regardless of which company’s card you use, credit and debit transfers are favored for their transaction speed – they go through immediately. If the event you wish to wager on is taking place within the next few days, credit and debit is the most reliable way to make sure that your account will be locked and loaded in time to place your bets.

Of course, there is one negative to using credit or debit cards to fund your New York sports betting account, and that’s the deposit limit that sportsbooks apply to these options. Credit and debit cards have the lowest limits of any payment type, with some sites capping transfers at amounts as low as $500. For most casual bettors, this shouldn’t be a big problem, as that’s still a lot of money. However, high rollers will probably need to utilize a different deposit method in order to get enough cash into their accounts to suit their gambling habits.

New York Betting Site Deposit Options For High Rollers

The New York betting site deposit options for high rollers will typically not be credit or debit transfers. Because their limits are so comparatively small, big spenders will likely use a more traditional “old school” method to get their digital wallets loaded up.

For these types of gamblers (sometimes called “whales”), most New York online sportsbooks will offer a few choices that carry much higher deposit limits. Cashier’s checks, money orders, and especially bank wire transfers are the most commonly-used means to load up a high roller’s account, as the limits are usually over $10,000 per deposit on these. Each sportsbook will have slightly different limits per their own business models, but in general, $10,000 is a good baseline reference here.

There are a few negatives associated with these sorts of deposits, however. For one thing, each of the above avenues takes a long time to clear. Whether you choose to send a check or initiate a money order or bank wire, you can expect to wait up to two weeks before you’ll see that money show up in your New York betting site account. In other words, with big deposits, you cannot bet right away. As such, high rollers using legal online sportsbooks in NY have to make all their wagering plans well ahead of time.

Bitcoin Deposit Options At NY Betting Sites

The above options are what you’ll be limited to if you choose to use common fiat currencies (in this case, US dollars) for your sports betting needs. However, the rules are a bit different for Bitcoin deposit options at NY betting sites.

Bitcoin (and other supported cryptocurrencies like Ethereum and Litecoin) offers a host of benefits compared to credit, debit, money orders, bank wires, and cashier’s checks. Essentially, you get all the good with none of the bad – that is, you get fast transfer times and ultra-high deposit limits.

That said, Bitcoin isn’t for everyone, and the crypto marketplace has a learning curve associated with it. If you already trade in cryptocurrencies, then depositing with them at your NY sportsbook of choice is a no-brainer. However, for the first-time bettor who doesn’t yet have any crypto holdings, learning the latter might be a little bit intimidating. Fortunately, crypto is easy enough to figure out, and you can check out this basic overview to help you get started with setting up an account for the alternative currency market.

Deposit Limits At New York Betting Sites

Since the amount of money you can actually put into your account via any of your sportsbook’s available options is critical, the following rundown will give you an idea of the current deposit limits at betting sites in New York. Please be aware that certain options (primarily services like Skrill and Neteller) are only available to international customers. However, if you live in New York but frequently travel abroad, these may work for your needs. (Note that these limits are subject to change at any time.)

SportsBetting Deposit Limits

Bitcoin - $20 min, $25,000 max
Ethereum - $20 min, $25,000 max
Litecoin - $20 min, $25,000 max
Visa - $25 min, $5000 max
Mastercard - $25 min, $5000 max
American Express - $25 min, $2500 max
Cashier’s Check - $1500 min, $15,000 max
Money Order - $300 min, $9000 max
Bank Wire Transfer - $1000 min, no max
Person To Person - $100 min, $600 max
Skrill - $10 min, unlimited max

BetOnline Deposit Limits

Bitcoin - $20 min, $25,000 max
Ethereum - $20 min, $25,000 max
Litecoin - $20 min, $25,000 max
Visa - $50 min, $5000 max
Mastercard - $50 min, $5000 max
Cashier’s Check - $1500 min, $15,000 max
Money Order - $300 min, $9000 max
Bank Wire Transfer - $1000 min, no max
Person To Person - $100 min, $600 max
Skrill - $10 min, no max
Neteller - $10, no max

BetDSI Deposit Limits

Bitcoin - $25 min, $50,000 max
Visa - $45 min, $1500 max
Mastercard - $45 min, $1500 max
Cashier’s Check - $500 min, $50,000 max
Money Order - $500 min, $50,000 max
Bank Wire Transfer – $5000 min, $50,000 max
Person To Person - $100 min, $650 max

5Dimes Deposit Limits

Bitcoin - $25 min, $10,000 max
Visa - $50 min, $500 max
Mastercard - $50 min, $500 max
Money Order – no min, call for max
Person To Person - $250 min, call for max
Sportsbook Transfer – no limits
Account To Account Transfer – no limits

BookMaker Deposit Limits

Bitcoin - $10 min, $50,000 max
Visa - $50 min, $2500 max
Mastercard - $50 min, $999 max
American Express - $25 min, $499 max
Money Orders (Americas) - $100 min, $2000 max
Money Orders (International) - $100 min, $1000 max
Bank Wire Transfer - $2500 min, no max
Neteller – $100 min, $10,000 max
EcoCard - $100 min, $1000 max

New York Betting Site Deposit Bonuses

Depending on what kind of gaming you plan to partake of, you will have a number of options to choose from among the various New York betting site deposit bonuses. Different sections of a given site will have different applicable bonuses. For example, sportsbook bonuses will have different perks than racebook bonuses, which in turn will have different perks than casino bonuses.

Best New York Betting Sites