BetMGM Payment Methods: How to Deposit at BetMGM Sportsbook
Anyone who has ever signed up with an online sportsbook or mobile sports betting app knows that a smooth deposit process makes all the difference in the world when it comes to the overall betting experience.
That’s something a respected brand like BetMGM knows very well and their sportsbook offering reflects that understanding. Adding funds to your BetMGM account is a straightforward process that requires little time to complete. Collecting your winnings is just as simple, although it might take a little bit more time to receive in full.
Find out how you can easily and effectively deposit real money into your BetMGM sportsbook account while also receiving your winnings in a timely fashion via multiple banking options you can choose from.
Jump to:
- How Do I Deposit at BetMGM?
- BetMGM Deposit Methods
- BetMGM Deposit Limits
- BetMGM Withdrawal Methods
- BetMGM Payment Methods FAQ
How Do I Deposit at BetMGM?
If you’re looking to make a deposit with the BetMGM sportsbook, the process to do so can be accomplished in a few easy steps that will get you on your way in no time:
- Open the BetMGM app through your iOS or Android device.
- Log into your BetMGM account or register for a new one HERE if you have yet to do so. Signing up via our exclusive link will also give you instant access to the top BetMGM welcome bonus.
- Choose the amount of money you want to deposit into your account. The minimum deposit amount for BetMGM is $10.
- Select your preferred payment method and enter in any required financial information.
- Input your personal information once you’re prompted and include any necessary details such as your first and last name, billing address, postal code, and phone number.
- Hit the “Deposit” button to deposit funds safely and securely into your account.
As mentioned above, make sure you claim a BetMGM deposit promo as a first-time user with the sportsbook. All the top sports betting sites and apps such as DraftKings and FanDuel offer new bettors a special first bet bonus to help pad their payroll and the MGM empire is no different in that regard.
You can enter bonus code SBD1500 right now to claim their top welcome offer of $1,500 in bonus bets or head over to our BetMGM promo code page for more details.
BetMGM Deposit Methods
There are a number of different deposit options when it comes to topping up your BetMGM account. Each of these methods are safe and secure, so you won’t have to worry about where your money is going.
| Deposit Method | Estimated Processing Time |
|---|---|
| Debit Card | Instant |
| Credit Card (Visa, Mastercard, Discover, American Express) | Instant |
| PayPal | Instant |
| Skrill | Instant |
| Play+ Prepaid Card | Instant |
| PayNearMe | Instant |
| VIP Preferred e-check | Up to 3 Business Days |
| ACH Bank Transfer | Up to 5 Business Days |
| Wire transfers (limited jurisdictions) | 1-5 Business Days |
| BetMGM Gift Card | Instant |
In addition to the payment options listed above, you can also make an in-person deposit if you are near the Borgata Hotel Casino & Spa in Atlantic City. This is a good option for bettors located in states such as Connecticut, New Jersey, or New York.
If you run into any trouble with the deposit process, BetMGM also has a great customer support team that can help you solve any issues you may come across. Check out our comprehensive BetMGM sportsbook review for more information on how to contact them directly.
BetMGM Deposit Limits
Responsible gambling is a key part of any online gaming experience that gives you the ability to play and wager with real money. This is also something near and dear to the BetMGM brand and it has safety guards in place for you to engage in a safe betting experience that is tailored to suit your individual needs.
Setting deposit limits on your BetMGM account is a great way to enjoy your betting experience without having to worry about overspending on sports betting. These limits allow you to designate daily, weekly, and monthly caps on the amount of money you put into your account.
Here’s how you can set deposit limits at BetMGM:
- Open the BetMGM app.
- Click the ‘Account’ tab in the bottom right hand corner.
- Scroll down to the ‘Responsible Gaming’ section.
- Select ‘Responsible Gaming Limits,’ followed by ‘Spending Controls > Deposit Limits’ on the next screen.
- Set your daily, weekly, and/or monthly deposit limits.
- Click ‘Save’ to finalize your deposit limit choices.
Setting deposit limits for your BetMGM account is a great way to bet responsibly and avoid developing a gambling problem. BetMGM always strives to create a safe betting experience for its users and deposit limits are great measure to help you enjoy sports wagering without it becoming dangerous.
BetMGM Withdrawal Methods
When it’s time for you to cash out, the BetMGM withdrawal process provides simple and safe ways that you can get real money into your bank account after winning big on a game or event.
While withdrawal options are slightly less varied when compared to deposit options, BetMGM still offers a number of ways you can get your winnings out of your BetMGM account and into your bank account.
Here are some of the most common BetMGM withdrawal methods that customers use:
- Apple Pay
- Interac e-transfer
- MuchBetter
- PayPal
- Online banking
- Visa
Keep in mind that not all withdrawal methods are available in each state or country. Make sure you see what withdrawal methods you have at your disposal by going into your BetMGM app and verifying.
How Long Does It Take BetMGM to Process a Withdrawal?
To keep the withdrawal process safe and secure, BetMGM has an internal review period of 3-5 days. After the internal review period has been completed, you will then be able to withdraw funds from your BetMGM account but are still subject to the payment method’s own processing time.
Here are some of the processing times you can expect from common withdrawal options at BetMGM after internal review:
| Withdrawal Method | Approximate Processing Time |
|---|---|
| Apple Pay | 1-3 Business Days |
| Interac e-transfer | Within 8 Hours |
| MuchBetter | Within 24 Hours |
| PayPal | Within 24 Hours |
| Online Banking | 2-4 Business Days |
| Visa | Within 24 Hours |
As you can see, the average processing time is really no more than a few days. My personal favorite withdrawal method is PayPal since it has a great reputation and you get your money in a very timely manner after the internal review period. Again, not every one of these withdrawal methods will be available to you, so make sure you check in the app first.
BetMGM Payment Methods FAQ
Still have questions about payment methods at BetMGM? No problem. We can help point you in the right direction.
What is the minimum deposit requirement at BetMGM?
The minimum deposit requirement at BetMGM is $10.
How can I deposit money into my BetMGM account?
You can use deposit methods such as debit card, credit card, PayPal, Skrill, ACH bank transfer, and more.
Why is BetMGM not letting me make a deposit?
There are a number of reasons why you might be encountering issues with depositing funds at BetMGM. It's always good to ensure your financial details are correct and up-to-date first, and if problems persist then contacting BetMGM customer support is a good next step.
What cards does BetMGM accept?
BetMGM accepts a number of card types including Visa, MasterCard, Discover, and American Express. They will also accept BetMGM gift cards as payment, which can be purchased at stores like 7-Eleven.
Does BetMGM offer an early cash out feature?
Yes, BetMGM will offers early cash outs on certain wagers.
Are bonus bets included with BetMGM withdrawals?
No, stake from bonus bets are not included in your payout if your wager is successful. For example, a $10 bonus bet on +200 odds would payout $20 total, as opposed to $30 if your stake uses real cash.
Following a sports journalism career with his work appearing in outlets like theScore, The Province, and VICE Sports, Patrick moved into the world of content marketing to bridge the gap between great writing and SEO success. He’s brought that same mindset to lead evergreen content efforts at SBD.
