Some operators in your state may allow you to instantly draw funds from your account, while others will take a few banking days. Sports bettors who need lightning-quick withdrawal speeds should take note that not every sports betting site processes this type of transaction at the same rate. If you plan to deposit cash using another deposit method, you may be restricted to the same type of withdrawal.

If your preference is to withdraw funds via PayPal, read your sportsbook's banking terms and conditions. Most online sports betting sites that accept PayPal set deposit limits of $5-$10, while you should expect withdrawal limits to be a shade higher. Savvy sports bettors will jump from sportsbook to sportsbook after taking advantage of welcome offers, so expect bookies with staying power to provide you with reasonable betting lines. The top PayPal betting sites know that they need to offer competitive odds in order to stick around. Risk-free bets and deposit matches are the most common sign-up sportsbook promos in the U.S., while some newly regulated operators may activate pre-registration offers to generate excitement leading up to their go-live dates.

Some PayPal betting sites greet new sports bettors with enticing welcome bonuses.

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