PayPal betting sites in Illinois

Which sportsbooks in Illinois accept PayPal?

There are currently 4 sportsbooks in Illinois that accept PayPal: DraftKings, BetRivers, Caesars, FanDuel. This means that you can both deposit and withdraw funds using PayPal on these sportsbooks.

How to deposit using PayPal on Illinois sports betting sites

PayPal offers an easy way to deposit money on Illinois sports betting sites. However, if you don't have an account yet, you need to create one to access this service.

1. Create a PayPal account

Creating a PayPal account is a straightforward and quick process. Two types of PayPal accounts exist: personal and business. Since you want a PayPal account to deposit money to online betting sites, create a personal account.

The first step you will take is to visit the PayPal website. On the site, click the "sign-up" button which is found in the top-right corner of the screen. The personal and business account options will appear. Choose the personal type and click "Next."

You will then key in your phone number and verify it with a code that will be sent to you in a few minutes. Then, add your name, email address, and password.

After double-checking that all the details are correct, click "Continue." Verify your email address through a link that PayPal will send via email. You will then add your address and any other needed information, and click "Continue."

2. Fund it using online banking or a credit card

Now that you have created your PayPal account, it's time to verify it to start transferring funds. You will link your online banking or credit or debit card to your PayPal account. This is done by clicking on the "Pay & Get Paid" tab on the PayPal website. You will then see "Wallet" on the top bar, under which you will find "Bank & Cards." Choose your preferred option.

If you want to fund your PayPal with your credit or debit card, select your card type. Enter the expiration date on your card. You will then verify your card by entering a four-digit code that PayPal will send to your phone. Note that charges will apply when funding your PayPal using your credit or debit card.

If you want to fund your PayPal card with your online banking, the steps are also easy. Select your bank from the provided list, and log in with your bank credentials. This will link your bank to the PayPal account instantly.

However, if the instant option is unavailable, log in manually and click "Agree and Link." If your bank is not among the given list, click "Don't see your bank," and follow the provided steps.

After linking your bank, PayPal will send two random deposits to your bank account for verification. This can be between $.05 and $.15. Enter the given deposits on your screen, and submit. Your account should be verified within a short period. Now that you have verified your account, it's time to find reliable PayPal betting sites in Illinois.

3. Register to a sportsbook and deposit it using your PayPal

Once you have found your preferred Illinois online sportsbook you should register with it. The process will vary with sites, but the standard steps are clicking on "Sign Up" or "Join Now" and entering your details, including full name, date of birth, username, password, email address, phone number, and address. You will be asked to verify some of these details.

After you have signed up to your chosen sportsbook, you will then be asked to deposit. At this stage, you will click PayPal as your option and complete the payment, which will take a few minutes. Now that you have made your deposit, you can start betting on your favorite sports.

How to withdraw winnings using PayPal

If you end up winning money, you might want to withdraw them back to your PayPal account. In order to do that, follow the steps below:

1. Withdraw the funds to your PayPal account

After your winnings are credited to your sportsbook account, you can withdraw them through PayPal. First, you need to place a withdrawal request by clicking the "Cash Out" option, which can also be referred to as "Withdraw," "Cashier," or "Wallet," and so on, depending on your sportsbook. Then, enter the amount you want to withdraw. When stating the amount you wish to withdraw, observe the sportsbook's minimum and maximum withdrawal policies.

After this, choose PayPal as your payment method. Confirm if all your details are correct before submitting your request. Your sportsbook will offer you a tracking section in which you can confirm if your request has been accepted and processed by the site. The withdrawal may be instant or take hours or days.

2. Transfer the funds from your PayPal

Once your sportsbook approves your withdrawal request, the money will be on your PayPal account. From it, you can transfer it to different payment options, which include:

The benefits of using PayPal on IL sportsbooks

PayPal offers a wide array of benefits to consumers who use it as a payment option on sportsbooks. First, PayPal uses advanced security measures to protect its user's information. Therefore, you don't have to worry about scammers getting their hands on your information.

Additionally, your transactions will be secured as you will be the only one who can view them. Also, the transactions are quick and straightforward, allowing you to enjoy your winnings seamlessly.