PayPal is one of the best and most popular online wallets available. There are now several Illinois sportsbooks and online betting sites that accept PayPal.
If you want to wager on sport safely and securely in Illinois, then using PayPal to deposit and withdraw is a great option. We look at which IL Sportsbooks and IL betting apps use PayPal and explain why you should use it when betting online.
There are now several IL sports betting sites and mobile apps that you can use PayPal at. The best PayPal betting sites are:
All of the IL sportsbooks that accept PayPal are listed above.
The Illinois sports betting industry officially launched on March 9, 2020, but things didn’t really take off until later in the year. Retail sports betting was the only form of betting available at first, but now online sports betting sites are available as well.
There are currently five online and mobile sportsbooks available in the state of Illinois, and the banking process is an important aspect of this industry. IL sports betting apps have a number of banking options available to customers, but PayPal continues to be the most popular.
The five Illinois sportsbooks that are currently up and running all accept PayPal as a banking option, but this isn’t always the case for other markets. Sports bettors in Illinois are fortunate that PayPal is available because it makes the entire process and experience more enjoyable.
Along with sports betting, horse racing in Illinois, sweeps cash casinos, and fantasy sports in Illinois are also available to bettors. These are two other industries that offer PayPal as banking options, but the sports betting industry is currently the biggest market.
The five online sportsbooks in Illinois that accept PayPal as a banking option all offer different bonuses and promotions, and that is another thing to focus on. No matter what site you choose to bet on sports in Illinois, using PayPal as your preferred banking option can make things much easier on you.
BetRivers Sportsbook offers a 100 percent first deposit match up to $250, and PayPal is one of the accepted deposit methods. Simply link your account when making your initial deposit, and PayPal will always be an available banking method when you are using the site.
BetRivers was the first online sportsbook in Illinois, and therefore it was the first sports betting site to accept PayPal as a payment option.
DraftKings Sportsbook has a welcome offer that is worth up to $1,025, and this operator is one of the most recognizable in the United States. DraftKings has partnered with the Casino Queen in East St. Louis to offer sports betting in the state of Illinois.
The banking process with PayPal does take a bit of time with DraftKings, but this is still an accepted and popular banking option in Illinois.
MGM launched its sportsbook in Illinois in March 2022. The operator is available in over 12 US states and is one of the most popular US books. BetMGM is the online book of the famous MGM resorts who own a huge number of casino properties and is a huge, trusted name in gambling.
New players can get a $1,000 matched free bet on signing up.
When using PointsBet Sportsbook in Illinois, you will find that this site offers the quickest transfers between PayPal and your sports betting account. The money will be loaded onto your account within seconds, and you will also receive your withdrawal within a matter of hours.
PointsBet Sportsbook features some of the best promotions in the Illinois sports betting industry, and it offers a unique twist to betting with Points Betting. This Australian-based operator is available in just a handful of states in the US but is a leader in Illinois.
Caesars Sportsbook (previously called William Hill) is an international sportsbook, but it has become extremely popular in Illinois as well. Caesars offers a wide range of banking options, and PayPal is included.
FanDuel Sportsbook is another popular name in the sports betting industry, and this operator also accepts PayPal as a banking option. PayPal is also used on the daily fantasy sports side of things with this operator, and FanDuel has a nice welcome bonus for new customers.
PayPal is a digital wallet company that has been around since 1998, and it is one of the most trusted e-wallet options on the internet. In the sports betting industry, PayPal is a third-party online money transfer platform, but the company has become a huge factor in this industry.
PayPal is extremely easy to use, and it is important to know that it is free to create an account. One of the biggest reasons that PayPal has become so popular is due to the speed of the transactions that the site offers.
There are several other e-wallet options that are now available online, but PayPal continues to lead the way. This company will also make your transactions with sports betting accounts encrypted, and they will never show up as gambling purchases.
Using PayPal at betting sites in Illinois can be a complete game-changer as it will make the banking process that much smoother. Illinois sportsbooks already try to make the banking process quick and easy, but PayPal takes that to another level.
PayPal is one of the most commonly used e-wallet providers in the United States, and it is accepted at businesses around the country. If you already use PayPal in your everyday life, you will want to find a sportsbook that offers PayPal as a banking option. PayPal betting sites are becoming more common.
The biggest advantage of using PayPal at an Illinois sportsbook is that all of the banking processes are extremely quick. You won’t have any long delays when you are looking to make a deposit or receive a withdrawal.
Linking your PayPal account with your Illinois sports betting account can make things extremely easy for you, and it’s always a good decision to choose a site that accepts PayPal.
PayPal is also mobile friendly. As a bettor, you can use the PayPal app to transfer funds from your PayPal account to your betting account all on your mobile device. Making a PayPal payment via the app is quick and secure and makes sense as many people enjoy betting on their mobile devices.
If you are looking to use PayPal as a deposit or withdrawal option at a sports betting site in Illinois, then there are a few steps that you need to take before that is available to you. This process won’t take long, and you will be able to use PayPal after completing just a few simple steps.
The first step is to sign up and create a PayPal account. You will be required to enter some basic personal information before your account is verified.
After PayPal accepts you as a user, you will need to create a username and password that will be used every time you wish to access your account. It is important to create a unique username and also pick a password that you will remember.
When you log in to your sportsbook account and are trying to make a payment, the next step is to add your banking institution to your PayPal account. This will allow you to quickly transfer money from your bank to your PayPal account, and then that money can be used on your sports betting account.
The next step is to link your PayPal account and sports betting account together so that money can be moved back and forth. Each online sportsbook in Illinois will have a different process for this, but the end result will always be the same.
Once your PayPal account and sports betting account are linked together, you can quickly send money back and forth. If you are able to win enough money to make a withdrawal, then that money can be transferred to your PayPal account within 24 hours.
You may be concerned when making a PayPal deposit or using a PayPal betting site you may encounter processing fees. The good news is a PayPal sportsbook or online casino will not charge you any processing fees when you deposit using the e-wallet service.
However, you will be charged when depositing using a credit card or debit card. Currently, this fee is 2.9% of the total amount deposited. If you sign up to an online gambling site that offers PayPal and use your existing PayPal balance to deposit, there will be no processing fees charged.
PayPal withdrawals are another topic that comes up regarding using the service in conjunction with online gambling. PayPal sports betting sites will allow you to withdraw using the e-wallet. You can use PayPal as a payment method to withdraw as long as you have made a successful PayPal transaction to deposit. Typically, an Indiana sportsbook will prefer you to withdraw funds using the same payment option you used to deposit. This is also the case for most PayPal betting sites in the US. This applies to a prepaid card (Play Card), online transfer from your bank account or debit or credit cards.
If you need to withdraw using other payment methods you will need to contact the customer support team to arrange ofr a special withdrawal request.
Additionally, most online sportsbooks will have an FAQ section covering banking. This should cover PayPal gambling including PayPal betting deposits and withdrawals.