How to Withdraw Money from DraftKings to Your Bank Account

If you're feeling lucky and have been playing daily fantasy sports through DraftKings, it's important to know how to withdraw your winnings. In this article, we'll walk you through the steps to withdraw money from DraftKings to your bank account.

Step-by-Step Guide

1. Open the DraftKings app and log in to your account.
2. At the top right corner of the app, you can see your account balance.
3. Click on the person icon or your profile picture at the top left of the screen to access your account settings.
4. From there, click on "withdraw," located next to the "deposit" option.
5. Enter the amount you wish to withdraw in the "amount" field and click on "continue."
6. You will then see various cashout options, including PayPal transfer, check by mail, or online banking.
7. If you choose online banking, you'll need to link your bank account to your DraftKings account. Follow the steps provided by DraftKings to link your bank account if it's not already connected.
8. Once you've linked your bank account, select the online bank transfer (ACH credit) option and click "request withdrawal."
9. DraftKings will confirm that your withdrawal has been requested. The processing time for online banking withdrawals is typically one to three business days.

Withdrawal Options

PayPal Transfer

A PayPal transfer is a popular option for withdrawing your funds quickly. PayPal withdrawals typically take three to five days to process. To use this option, simply enter your PayPal email address when prompted during the withdrawal process.

Check by Mail

If you prefer to receive a physical check, DraftKings can mail one to you. Check withdrawals can take seven to 14 days to arrive, so plan accordingly. You'll need to provide your name and physical mailing address if you choose this option.

Online Banking

Online banking is a convenient option for withdrawing your funds. Simply link your bank account to your DraftKings account and select the online bank transfer option during the withdrawal process. As mentioned earlier, processing time for online banking withdrawals is one to three business days.

Conclusion

Withdrawing your winnings from DraftKings to your bank account is a simple process. Whether you prefer PayPal, a physical check, or online banking, DraftKings has options to fit your needs. Be sure to follow the step-by-step guide provided to ensure a smooth and hassle-free withdrawal.