In this post, I will go over how to deposit and withdraw your cash on Draftkings. This is very important and something you should know how to use. If you do not that is fine as well. I will show you step by step in this post. Let’s get to it.
How To Deposit Money On Draftkings
Ok in order to play cash games and win cash. You must first deposit some cash into your account first. Before I show you how to do this. You will need to log into your Draftkings account. If you do not have one. You can click this link below and create your free one right now.
Now that you have done that. You will be or should be on Draftkings homepage. It looks like this.
To deposit cash. All you need to do is click that big green deposit button in the top right corner of the screen. Once you do. You will be placed on this screen here.
You will have the options to choose whether you want to do it by credit/debit card. Or via PayPal. The great thing about Draftkings deposits system. Is that it saves your card information. Unlike Fanduel where you have to re-enter the information each time. So that’s a time saver on Draftkings. If you choose to do it via PayPal. It is just as quick. Both methods on Draftkings. Are equal in speed and time-saving.
It’s so quick I mean you literally get on there. Well, I do it from my phone. I have the Draftkings app. I get on there and click the deposit tab and select which card I want to use. Type in the amount I wish to deposit. Click the green button at the bottom and it’s done. That runs laps around how Fanduel has their site deposit feature set up. On Draftkings I will spend about 30 seconds depositing cash. Where on Fanduel I will spend 1+ typing in information. It may not mean much to some. But it really helps to me.
Draftkings is a trusted site. I have never had any complications with depositing or withdrawing any money from them. So you do not have anything to worry about. When it comes to that.
The minimum you can deposit is $5. On Fanduel the minimum is $10. So that’s a $5 cut for those who don’t have a whole $10 to deposit. The maximum is $2,000 by default. You can adjust this to your liking. I’m not really sure what it is on Fanduel. If there is a limit at all.
How To Withdraw Money On Draftkings
I will now show you how to withdraw your money on Draftkings. It is a bit tricky so be sure to pay attention to this one. Ok, you will get there by clicking the green deposit button just as you did before. But instead of doing a deposit. You will look over to the left and click withdraw. If you win $100,000 dollars and you go to withdraw that money and it’s distributed out a bit weird. You’ll know why.
Once you do you will be taken to this screen. You should be greeted by this message.
It states a lot of important information. Make sure you read that and its entirety. After you have read that. All you need to do now is click the orange got it box below the content.
Now you are where you need to be. This is where the magic happens. Ok, remember when I said it’s a little tricky? Let me elaborate on that. I say that because on Draftkings. They deposit the money with withdraw to your original deposit source. So if you deposited $50 to your account and won $100 in a night. You want to withdraw that. It will send $50 to the card you first deposited with and send the remaining $50 to your PayPal account. It’s no big deal the money comes on time.
It says that if you request it via PayPal. The process could take anywhere from 2-8 business days. If you choose to request it by check. It could take 2-3 weeks. So I’m pretty sure you have an idea on what the obvious method would benefit you the best. If you are looking to receive your money before you turn 80. Haha. But if you do not have PayPal or you don’t want to create a PayPal account. The check works fine as well. It just takes a lot longer to get to you.
The minimum you can withdraw is $1.00. It does not get any lower than that.
On Draftkings, they also require you to complete a W-9 form prior to withdrawing funds. They did not use to do this. But I’m sure they have reasons why it has been implemented now. You can have a look at that information in that blue box. In the image above that is.
That sums it up. This is all you need to know about how to deposit and withdraw cash on Draftkings. It was not too long or complicated. You can follow this information step by step and it will work perfectly for you. Now that you know this. If you still have any questions regarding anything you have read here. Feel free to ask them in the comments area below. Or if you just want to leave feedback in general. I will appreciate that also.
If you have not already. I would suggest you create your free Draftkings account before you leave this page. You can do so by clicking the image below. It has a link in it and once you click it you will be directed to Draftkings sign up page. Just fill out the information. It takes about 3 minutes. Then boom you’re done and ready to roll. Click the image below.