Mastercard Sportsbooks: Top Betting Sites Accepting Mastercard
April 17, 2023
Sports bettors will typically have a wide variety of payment options available to them no matter the platform. Although it can vary across different states and jurisdictions, you will likely be able to make deposits and withdrawals using your online banking account, PayPal, Venmo, Apple Pay, Visa, and several other popular methods. One widely available and easy-to-use option is Mastercard.
Mastercard credit cards, debit cards, and prepaid cards are a few of the most popular payment methods offered by sportsbooks in the United States. But what are the top options when it comes to Mastercard sports betting platforms? What are the advantages and disadvantages of using Mastercard? And what steps do you need to take to get your betting experience started with Mastercard? In this guide, you will find all the answers to your questions and learn everything you need to know about sports betting with your Mastercard.
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Best Online Sportsbooks for Mastercard Deposits & Withdrawals
You will not have a hard time finding a high-quality, reliable sportsbook that accepts Mastercard for deposits and withdrawals. Listed below are a few potential sports betting sites that may work for you!
- BetMGM Sportsbook: You can sign up now with BetMGM on its website or mobile app and make a deposit of as little as $10 using your Mastercard debit or credit card. You may also choose to sign up for an MGM Rewards Mastercard and earn points that can be used on incredible experiences such as hotel stays, dinners, and entertainment options. Furthermore, BetMGM Sportsbook offers a fantastic live betting experience and some of the most competitive odds on the market.
- FanDuel Sportsbook: FanDuel is another great platform that allows you to fund your sports betting account using your Mastercard. All FanDuel deposits via Mastercard are instantly processed and credited to your account, meaning you will be able to start placing wagers immediately. FanDuel also has one of the best mobile apps among U.S. sportsbooks and offers frequent bonus opportunities to their users.
- Caesars Sportsbook: If your preferred payment method is Mastercard, then Caesars may be an excellent option for you. It has a minimum deposit requirement of $20 and does not charge any extra fees for payments made using Mastercard. Caesars Sportsbook also provides an incredible customer rewards program and one of the most generous welcome offers in the industry.
- SI Sportsbook: Lastly, you may also want to consider SI Sportsbook. Mastercard debit cards can be used to make both deposits and withdrawals with SI Sportsbook, and you will be able to deposit any amount of $10 or more. In addition, SI Sportsbook has a user-friendly interface and offers exciting promotional deals to their everyday customers.
How To Start Betting With Mastercard
It is very easy to sign up for an account, make a Mastercard deposit, and start placing bets. Just follow the five simple steps provided below!
You will first need to find a sportsbook that fits your personal preferences and betting needs. Sometimes, it is necessary to try out a few different platforms until you find the one that works best for you.
Once you choose a sports betting platform, you will need to create an account. Enter all necessary information, verify your account, and use a promo code if you would like to take advantage of the sportsbook's welcome offer.
Add funds to your account by making your first deposit. Select the “Mastercard” or "Debit Card/Credit Card" option, enter your card information, and choose the amount you wish to deposit. You may also use any of the other payment options available to make your initial deposit.
Your deposited funds will be available immediately, and you can begin placing wagers on any market or league of your choice.
When ready, you may withdraw funds from your online sportsbook account. Many platforms will allow you to make withdrawals to your Mastercard debit card. Select “Withdraw” or “Cash Out” and choose the amount you wish to transfer out of your account. The payout time varies across different sportsbooks, but you can generally expect your funds within 2-3 business days.
Pros & Cons of Betting With Mastercard
There are many reasons your preferred payment method may be a Mastercard debit card, credit card, or prepaid card. First, Mastercard deposits are almost always immediate and will allow you to get funds credited to your online sports betting account instantly. In addition, Mastercard is a well-established and reliable brand that offers its customers both privacy and security. You can make Mastercard deposits and withdrawals knowing your funds and personal information are safe and secure.
Furthermore, Mastercard is widely available and is an acceptable form of payment on every major online sportsbook in the U.S. It is also worth noting that many Mastercard cards allow you to earn rewards points every time you make a deposit to your online sportsbook account or make any other purchases with the card. As a result, it is very easy to understand why Mastercard is one of the most popular payment options in the United States and around the world.
On the other hand, there are a few disadvantages of using Mastercard for your sports betting needs. For instance, debit cards and credit cards are not always acceptable methods for withdrawals from your account. However, you could get around this problem by funding a Prepaid Play+ Card or PayPal account with your Mastercard and using one of those options to withdraw money from your sports betting account. In addition, the maximum deposit and withdrawal amounts may be slightly lower when using Mastercard as opposed to your online banking account.
Do online sportsbooks accept Mastercard?
Yes, all major online sportsbooks in the United States (e.g., DraftKings, FanDuel, BetMGM, and Caesars) allow you to make deposits to your account using a Mastercard debit, credit, or prepaid card. However, only some sportsbooks allow you to make Mastercard withdrawals.
How do I start betting with Mastercard?
You can start placing sports wagers with your Mastercard card by choosing a betting site, creating an account, and making an initial deposit. You will need to enter your card information (name, card number, expiration date, CVC code, etc.), but all of your information is well-protected and safe when using the sportsbooks included in this article.
Is Visa or Mastercard better for sports betting?
Both Visa and Mastercard are excellent options for making deposits and withdrawals to your sportsbook account. They are both widely accepted, convenient, and reliable payment methods for online sports betting.
What other payment methods are available to sports bettors?
The payment options available will depend on your location and sportsbook. However, most customers will be able to make deposits and withdrawals using any debit or credit cards, online banking accounts, PayPal, Venmo, Prepaid Play+ Card, PayNearMe, and several other popular methods.
Will betting sites charge additional fees if I use Mastercard?
No, the vast majority of online sportsbooks do not charge any additional fees when you make deposits or withdrawals using your Mastercard debit card or credit card. However, it is possible that your bank may have a standard fee for transactions of this nature. That said, if this is the case, you will be made aware of these fees and given the option to confirm or decline the transaction beforehand.