New York Betting Site Withdrawals

While many sports bettors will be content to let their winnings accumulate in their online accounts for future wagering purposes, everyone – sooner or later – will want to withdraw their earnings. New York betting site withdrawals are typically simpler to choose from than the many deposit options these sportsbooks offer, as there are generally fewer avenues available by which to receive your money.

That said, you still have a number of options when it comes to securing your payouts from your legal New York betting site of choice. Each one comes with different benefits and drawbacks, and – as with deposits – the method or methods you choose will be primarily based on two factors: transfer speeds and withdrawal limits.

Regardless of the payout method you choose, it is important to keep in mind that all legal NY sportsbooks require you to have turned a handle of at least 1X of your last deposit before you can get any payouts associated with those funds. This simply means that before you can make a withdrawal, you have to bet 100% of the amount of money you last put into your account. (You do not have to lose this amount, you simply have to accrue a wager total of at least 100% of the deposit in question.)

Picking The Best NY Betting Site Payout Method

When it comes to picking the best NY betting site payout method, you will have to select the option that works best for your financial situation. For example, if you use sports betting to supplement your income and have to make frequent withdrawals to help pay monthly bills, you will probably choose a different payout method than someone who’s a long-term bettor content to “let it ride” and only withdraws funds after they reach a certain high limit. It all boils down to whether you need access to your money right now or whether you can afford to wait a while. Fortunately, all legal New York sports betting sites offer several options to suit all types of bettors.

Fastest New York Betting Site Withdrawal Options

Payout Options For High Rollers

For whales (i.e. folks that spend a lot – and often win a lot – at sports betting and other gambling pursuits), certain types of New York betting site withdrawals will be more appropriate than others. The best payout options for high rollers will usually be limited to just a couple of avenues: bank wire transfers and money orders.

Not all legal NY betting shops have high limits on these (some offer higher limits on courier checks than money orders, for example), but you’ll usually be able to pull out the most cash using one of these two methods.

Bitcoin Withdrawals At New York Betting Sites

If the above sounds a little bit intimidating or limited, there is another option to consider, and that is to make Bitcoin withdrawals at New York betting sites. Bitcoin (and other cryptocurrencies like Ethereum and Litecoin, where accepted) allow for same-day (usually sub-hour) transfer times, and almost all NY-area legal sportsbooks have their Bitcoin/crypto cap set at around $10,000.

An additional benefit to using Bitcoin or other altcoins for your legal New York betting site withdrawals is that cryptocurrencies have the lowest processing fees of any payout method. (Plus, due to the upward-trending volatility of the crypto market, you can often make more money on appreciation of your winnings when stored as Bitcoin than you will on the actual winning bets themselves!)

Withdrawal Limits At New York Betting Sites

The following withdrawal limits at New York betting sites represent the current rates. While these can always change without notice, most NY sportsbooks have kept their limits more or less in line with today’s figures. (Please be aware that certain services like Skrill, Neteller, and EcoCard/EcoPayz are only available to international customers, though if you often travel outside the US from your New York home base, they may be relevant or worth considering.)

SportsBetting Withdrawal Limits

• Bitcoin - $20 min, $10,000 max
• Ethereum - $20 min, $10,000 max
• Litecoin - $20 min, $10,000 max
• Courier Check - $500 min, $2500 max
• Bank Wire Transfer - $500 min, $24,900 max
• Person To Person - $50 min, $400 max
• Skrill - $25 min, $9900 max

BetOnline Withdrawal Limits

• Bitcoin - $20 min, $10,000 max
• Ethereum - $20 min, $10,000 max
• Litecoin - $20 min, $10,000 max
• Courier Check - $500 min, $2500 max
• Money Order - $500 min, $9000 max
• Bank Wire Transfer - $500 min, $24,900 max
• Person To Person - $50 min, $400 max
• Neteller - $25 min, $9900 max
• Skrill - $25, $9900 max

BetDSI Withdrawal Limits

• Bitcoin - $100 min, $5000 max
• Courier Check - $500 min, $3000 max
• Money Order - $100 min, $390 max
• Automated Clearing House (ACH) - $200 min, $1000 max

5Dimes Withdrawal Limits

• Bitcoin - $50 min, $10,000 max
• Courier Check - $1000 min, call for max
• Money Order - $1000 min, $9500 max
• Prepaid Gift Card - $2500 min, call for max

BookMaker Withdrawal Limits

• Bitcoin - $50 min, $25,000 max
• Courier Check - $100 min, $3000 max
• Money Order - $100 min, $300 max
• EcoCard - $100 min, $1000 max

Fees For New York Betting Site Withdrawals

Unlike deposits, New York betting site withdrawals usually come with associated processing fees. While these fees might contribute to your choice of payout method to use, most of them work out to be about 3-8% of your requested funds until you reach certain quantity thresholds, which can then reduce or eliminate these fees altogether.

In order to avoid fees entirely, you can use Bitcoin or another cryptocurrency like Ethereum or Litecoin. However, no matter which NY betting site withdrawal option you choose, your sportsbook will be completely open and forthcoming about all associated fees and lead times. If you have any questions, be sure to contact your site’s cashier service.