Fees From Fast Sportsbook Payouts

Fast sportsbook payouts have a range of fees, with some of the fastest sportsbook payout methods having no fees at all. Sportsbook payout fees are dictated by two factors: the payout method itself and the total withdrawn amount. Players will learn that cryptocurrency offers the best balance of large payouts with no fees, successfully balancing both of those aspects. Each of those factors that are important to note when looking for the fastest sportsbook payouts with the lowest fees will be examined on this page, with other notable information also included.

Free Fast Payouts From Sportsbooks

Nearly every online sportsbook will offer either one free payout method or at least a singular free initial withdrawal. If the sportsbook does not offer either of those items it may be best to choose a different sports betting site. The most common umbrella that free fast payouts fall under is cryptocurrency. Cryptocurrency is a very broad term that includes popular options such as Bitcoin, Ethereum, and Litecoin. Nearly every cryptocurrency will be free for each user to use, regardless of if they are requesting a payout or if they are depositing. Outside of cryptocurrencies, it becomes a lot harder to find a trustworthy sportsbook that offers a free payout method. The most commonly used sportsbook that offers both a cryptocurrency and non-crypto payout method that is free is Bovada, where every cryptocurrency transaction is free and users get one free non-crypto withdrawal every 90 days.

Best Sportsbooks For Fast Payouts

Wager At Bovada!

Fastest Withdrawal Out Of All Sportsbooks

The top option for all players looking for fast payouts with low fees is Bovada. Bovada’s world-renowned sportsbook is most commonly hyped up because of its site design and industry-leading lines, but when adding in their fast payouts that are free for both crypto users and non-crypto players, it is clear that Bovada is the top option for everyone. One more bonus about payouts from Bovada is that there are no limits on how much a player can withdraw via cryptocurrency, with the sportsbook paying out a maximum of $9,500 a week until their debts are paid.

Play At Betonline!

More Free Payout Options Than Any Other Sportsbook

For online sports bettors looking to withdraw with cryptocurrency, BetOnline may be the best option. Like most current online sportsbooks, BetOnline offers free payouts via cryptocurrency. What sets them apart though is the number of cryptocurrencies that they process. BetOnline covers all the big-name cryptocurrencies like Bitcoin, Ethereum, and Litecoin, while also offering lesser-used cryptos like Dogecoin, Shiba Inu, or Chainlink. Overall, BetOnline offers at least 14 cryptocurrency payout methods, all of which are free and fast.

Play At MyBookie!

Keeping Fast Free Payouts Simple

MyBookie is well known as a great sportsbook for beginners, with that fact confirmed by players looking to withdraw fast and for either no fees or low fees depending on the method. Players looking to withdraw with no fees from MyBookie use Bitcoin, as that is the lone cryptocurrency withdrawal method supported by the site. That is perfectly fine for players, as that is the most commonly used cryptocurrency for sports betting. Non-crypto players at MyBookie use Wire Transfers for cheap and fast payouts, as fees only get up to $35 and players get paid out in less than seven business days.

What Cryptocurrencies Do Sportsbooks Payout With?

The variety of cryptocurrencies available for withdrawal from online sportsbooks has directly correlated to the overall increase in usage and interest in crypto around the world. That increase has caused core sports betting sites such as Bovada, BetOnline, and MyBookie to increase the number of cryptos that they offer. Due to online sportsbook bonuses such as speed and zero fees, that increase in cryptocurrency variety has been a great development for all sports bettors. The current list of cryptocurrencies that can be used to withdraw from the top online sportsbooks in the world are:

Bovada: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Litecoin, and Tether
BetOnline: ApeCoin, Avalanche, Binance Coin, Bitcoin, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Ethereum, Litecoin, Polygon, Ripple, Shiba Inu, Solana, Stellar, Tether, and USD Coin
MyBookie: Bitcoin

What Payout Methods From Sportsbooks Have The Lowest Fees?

The three most common forms of payouts in order of speed that are available from online sportsbooks are cryptocurrency, check, or wire transfer. The fees and payout speed of each method vary by the sportsbook, with each difference outlined below:

Cryptocurrency: Having become so popular that a sportsbook should be crossed off any list if it does not offer it, cryptocurrency has become the premier option for players looking for the fastest payouts from an online sportsbook with low fees. Bovada ($10-unlimited), BetOnline ($20-$500,00), and MyBookie ($25-$50,000) all offer different withdrawal limits, but they all offer the same zero percent fee for all cryptocurrency withdrawals. Withdrawing from the three sites takes between 15 minutes and three business days for funds to hit within the cryptocurrency wallet, with Bovada being the sportsbook that consistently goes the fastest.
Check: An old-school style of withdrawing, requesting a check from a sportsbook as a payout is still a very viable option. Check payouts from Bovada take between 10-15 business days to arrive, with players eligible to withdraw between $10 and $3,000. Bovada allows for one free check withdrawal every 90 days. BetOnline’s check payout range is between $500 and $2,500, with checks getting delivered in up to seven business days. BetOnline charges the greater of a $50 flat fee or a 3% fee on all check payouts. MyBookie offers eCheck payouts that range between $50 and $75, with sportsbetting payout fees up to $15. eCheck payouts from MyBookie take between 10-15 days to process.
Wire Transfer: The second fastest of the non-cryptocurrency withdrawal options, wire transfer payouts are available at BetOnline and MyBookie. BetOnline offers wire transfer payouts between $500 and $25,000, with the fee being whatever is greater, $45 or 3% of the withdrawal. BetOnline’s wire transfer withdrawals take up to 15 business days. At MyBookie, players may withdraw between $100 and $5,000, although no payouts can be made to credit unions. Players can expect to receive their funds in 5-7 business days. The fee for a wire transfer payout between $100-$500 at MyBookie is $15, with any amount greater than that resulting in a charge of $35.

Hidden Fees When Requesting A Payout From Online Sportsbooks

When using a reputable online sportsbook, there should be no hidden fees associated with any withdrawal. The only potential fee players should know about beforehand is that cryptocurrency withdrawals are free from the sportsbooks, but some cryptocurrency wallets charge fees when players look to sell their cryptocurrency. That is outside of the sportsbooks’ hands and takes a little bit of research to find out which wallets to use to get the lowest fees. Generally though, these are only a few pennies.

Are There Fees To Deposit Into Online Sportsbooks

Just like when requesting a payout, determining the fee for a deposit comes down to the sportsbook and transaction method. Also similar to payouts, cryptocurrencies dominate compared to other methods as they are both faster and free. To get an accurate game gauge for both speed and fees, it is important to understand the depositing information for each online sportsbook in the cryptocurrency and non-cryptocurrency categories.

Sportsbook	Min	Max	Fee	Speed
Bovada	$10	$5,000	0%	1 Hour
BetOnline	$20	$500,000	0%	2 Hours
MyBookie	$20	No Max	0%	24 Hours

Non-Cryptocurrency Deposit Speed And Fees

The most popular non-cryptocurrency deposit option is a credit card, but that can be a problem for some because of the fees that they mandate. There are two ways to get around that issue: switch to a cryptocurrency or use Bovada. Bovada is already the most commonly chosen option, but the fact that they do not charge a fee on any initial deposit goes a long way for new players. BetOnline and MyBookie also offer low fees on credit card fees, but when comparing the depositing range and fees Bovada stands out. It is also important to note that most sportsbooks will not allow players to choose a cryptocurrency withdrawal option if they do not use crypto to deposit.