Caesars Sportsbook Deposits & Withdrawals

Lukasz

Updated: Nov 7, 2022

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For a sportsbook to compete with the best in the industry, it needs to prioritize several crucial features.

We’ve seen sportsbooks give a lot of attention to features such as odds, betting markets, and other nifty tools but fail when it comes to the available banking methods.

Luckily, Caesars isn’t one of those sportsbooks.

Caesars sportsbook has a plethora of excellent deposit methods.

The listed withdrawal methods may be fewer, but they are still adequate enough to cover most bettors’ needs.

If you’re interested in joining Caesars, we’re going to cover most of the available banking methods in this comprehensive guide and also show you how to make a deposit and withdrawal on Caesars.

How To Make An Online Withdrawal At Caesars

If you want to withdraw funds from your Caesars betting account, just follow these simple steps:

  1. Open the Caesars Sportsbook app and sign in.
  2. Click on your account balance.
  3. Click the withdraw button.
  4. Select one of the available withdrawal options.
  5. Enter the amount you wish to withdraw.
  6. Follow any other on-screen instructions.
  7. Click submit to confirm your withdrawal.

Withdrawal requests may take up to 72 hours to be processed, but Caesars usually doesn’t take that long to process withdrawals.

During this period, Caesars may also request that you send other documents for verification purposes.

Most withdrawal methods have a $10 minimum, but the maximum withdrawal amount will depend on the payment method that you’ve opted for.

Caesars Payout Time

Ever you ever wondered “How long does Caesars take to payout?”.

Here is a timetable with estimated times to get your winnings.

Withdrawal MethodWithdrawal TimeMinimum
Bank Transfer (ACH)5 business days$10
CashInstant$10
PayPal3 business daysNo minimum
Pre-Paid Play+Instant$10

Payment Methods

To fund your betting account, you need to opt for an appropriate payment method.

Before you settle for a specific payment option, always consider these two factors: fees and processing time (especially for withdrawals since most deposit options on Caesars are instant).

To help you out, we are going to go through most of the banking methods that you can use to fund your Caesars betting account.

Mastercard & Visa

Debit and credit cards are pretty common methods of payment. If you’re a Visa/Mastercard user, you can use your card to fund your Caesars betting account.

Some banks don’t process online gambling-related transactions, so you may need to contact your bank first before you try this payment method.

Also, check whether the bank is going to charge any additional fees.

American Express

Aside from Visa and Mastercard, bettors can also use an AMEX card to fund their Caesars betting account.

To see if there are any additional fees, you may need to refer to your cardholder agreement.

PayPal

PayPal is a pretty popular e-wallet. Not only is PayPal a safe and secure payment method, but it’s one of the most efficient banking methods that an online gambler can use.

You can fund your Caesars betting account by using money from your PayPal account balance, or you can link a verified bank account and draw funds directly from there.

Luckily, you can also use PayPal as a withdrawal method.

If you’ve used PayPal in the past to fund your Caesars account, then you can also use it to receive withdrawals.

ACH

Caesars allows you to fund your wagering account using ACH (bank transfer). This is a common payment method that’s mainly adored for its simplicity.

The betting site will simply require your bank routing and account number for you to be able to perform an ACH transfer.

Simply head over to the cashier section, enter your billing info, input the amount you wish to deposit, and then click submit.

Your playing account should then reflect the amount you’ve deposited.

However, this method isn’t available for bettors who are located in Nevada.

Venmo

Venmo is an insanely popular payment method that’s mostly used by people who want to send funds to friends and family.

Venmo is owned by PayPal and boasts more than 70 million users. However, despite its popularity, since it’s a person-to-person payment method, most legal sportsbooks in the US don’t use it. This also includes Caesars Sportsbook.

If you really want to use Venmo, there is a possible alternative. Since Caesars accepts Mastercard, you could try using your Venmo Mastercard debit card to deposit funds.

Cash App

Cash App is another mobile application that lets users send and receive money virtually. You can also use it to make online payments.

Unfortunately, Caesars Sportsbook doesn’t process payments via Cash App.

PayNearMe

PayNearMe is a suitable alternative to some of the other methods since you can make a deposit using cash.

All you need to do is select PayNearMe when you’re choosing a deposit method, enter your location, generate a barcode, and then present this code to your nearest local retailer.

The maximum that you can deposit in a day using PayNearMe is $500; the limit within a 30-day period is set to $10,000.

Skrill

Skrill, just like PayPal, is a popular e-wallet that is mainly used for online transactions.

Skrill is a less popular alternative to PayPal, and that’s why very few sportsbooks allow payments via Skrill. Luckily, Caesars allows bettors to fund their betting accounts using Skrill.

To use Skrill as a payment method, you need to be in New Jersey. Your Skrill info also needs to match the info on your Caesars betting account.

Physical Location Or Cash Cage

You can head over to one of Caesars’ retail locations to fund your playing account by depositing cash at the cashier.

You’ll need to provide details of your betting account and you may also need to provide a valid identification card.

VIP Preferred e-Check

As long as you have a checking, savings, or money market account, you can draw funds from your bank account directly to your Caesars playing account.

To do this, you’ll need to provide your routing number and your bank account number after you choose this deposit method.

The bank will transfer the amount that you enter directly to your Caesars account.

Deposit Bonus Offers

Welcome bonuses are great, and that’s why many sportsbooks reward bettors with bonuses after they sign up.

In Caesars’ case, new bettors can look forward to the sportsbook’s $1500 free bets bonus.

The terms of this bonus are simple.

Place the first-time wager of up to $1,500, and get it back in the form of a Free Bet if you lose.

How To Make An Online Deposit At Caesars

If you’ve already signed up on Caesars and you want to fund your betting account, here are the basic steps that you should follow:

  1. Sign up and log in to Caesars.
  2. Click on your account balance—your balance should be at the top-right corner of your screen.
  3. Click the deposit button.
  4. Choose one of the available payment options.
  5. Enter the total amount that you want to fund your betting account with.
  6. Follow any additional instructions or prompts that are associated with your payment method. For example, Caesars may require that you log in to PayPal or your online bank.
  7. Once you click submit, the funds should reflect in your account.

Advice On Managing Your Bankroll

You’ve probably set aside a certain amount, or you probably have a certain amount in mind, that is purely used to place sports bets.

Essentially, this amount of money is what’s being referred to as your bankroll.

While many bettors may disregard bankroll management, it’s one of the most important elements of a successful, long-term strategy.

Ask any sharp what the winning formula is—most of them will tell you it begins with bankroll management.

If you’re in this for the long haul, here are three indispensable bankroll management tips that you should always aim to follow.

Keep Your Finances Separate

Think of sports betting as a business. In a business, personal finances and business finances are always kept separate.

In our case, you should always keep your bankroll separate from your other funds.

This way, tracking profits and losses will be easier for you.

This will also help you resist the urge to spend money that is intended for something else.

Keep Your Emotions In Check

It’s hard to control your emotions when you face the inevitable losing streak. Don’t worry, we’ve all been there.

In such situations, if sticking to the recommended unit size is an arduous task, or if your emotions are getting the better part of you and causing you to risk absurd amounts, it might be best to cool off for a couple of days.

Always Track Your Bets

If you want to improve your handicapping skills, we strongly recommend that you track all of your bets.

You’ll be able to pinpoint your strengths and expose weak areas and habits that are a deterrent to your bankroll’s growth.

Customer Service

You might encounter a problem with your Caesars account, either when making a deposit or when you’re requesting a withdrawal.

In such cases, you can reach Caesars’ customer support team through the following methods:

  • Live chat
  • Phone support
  • Email support

Alternatively, you can also peruse the detailed FAQ section, which should answer most of your queries.

Latest update: 3 hours ago
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About the author

Lukasz Strycharz | Web Manager – A flâneur who follows Formula One racing and dabbles in SEO and content in the iGaming and sports betting niche. T...

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