Payment platforms like PayPal have stepped in to fill this void, playing the middleman between the banks and sportsbooks. The card is branded as the FanDuel and Stardust Prepaid Play+ You will need to find an alternative to a simple Visa, Mastercard or Bank transfer. Many banks still block payments to and from online sportsbooks. However, like most things in life, it is never that simple. If you are in states where sports betting is legal and you are signed up to a legal online sportsbook then you should be allowed to transfer funds to and from that sportsbook. Since then there has been a relatively continuous stream of states coming online, with new legal, licensed sportsbooks popping up all over the country. However, in 2018 the US senate legalized sports betting at a federal level, allowing each state to decide whether they would allow online sportsbooks within their borders. This meant that banks had blacklisted payments to and from these sportsbooks in order to protect both you as a customer and themselves. This is because the banking system is simply not up to speed with the rate of change within the country's burgeoning sports betting industry.įor many years, illegal offshore companies dominated online sportsbook transactions. One of the biggest challenges facing sports bettors in the US is finding a trustworthy and secure payment platform for deposits and withdrawals.
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