DraftKings Sportsbook has added another method to its roster of deposit methods. Players in New Jersey can now use Play+ Prepaid to fund their accounts on the online sportsbook.

Once our Accounting Department processes your withdrawal request (you'll receive a confirmation email), it typically takes anywhere from 2-8 business days for your funds to appear in your bank or PayPal account. If you request a check under $2000 it can take 2-3 weeks for delivery. All FedEx checks will be delivered in 1-3 business days. This money can be deposited directly into a customer’s bank account, assuming you have provided them with your banking info. PayPal: If a customer has their PayPal account linked to their DraftKings account, then this is a terrific withdrawal option. Most customers that choose this option also choose to deposit money from their PayPal account.

Play+ Prepaid has elements of both an e-wallet and a prepaid debit card. In order to fund Play+ Prepaid, bettors can use their Visa, MasterCard, Discover, or checking account.

The funds then proceed to the player’s account in much the same way as a prepaid debit card. But unlike a prepaid debit card, it is possible to withdraw the funds from the DraftKings site directly into the player’s Play+ Prepaid account.

So, in that, the method is similar to electronic wallets such as Neteller. Play+ Prepaid should give players far more flexibility for funding their accounts and moving money around.

Select your bank account from the drop-down menu in step two under Where is your money going? You have the option to transfer funds from your Vanguard account to your bank by wire transfer or by electronic bank transfer (EBT). Find more information about the difference between the two options. You can link your bank account here.

DraftKings Sportsbook struggles with deposit methods

For the first month of its existence, players could only fund their accounts using Visa, MasterCard, or a bank transfer. Not only did these restrictions limit the player pool, but it also made withdrawing funds from the site much more difficult.

Credit cards on sports betting sites are also a dodgy proposition due to the financial atmosphere in the US. Since the passage of the UIGEA and the crackdown on gambling websites, credit card companies are far more likely to deny those kinds of transactions.

Thankfully, DraftKings addedPayPal to its list of approved deposit methods back in early September. The e-wallet gave many more players a way to deposit and join the NJ sports betting crowd.

This most recent addition is, therefore, a very welcome one for players.

DraftKings holding its own in NJ sports betting

Play+ Prepaid will certainly bring more players to the DraftKings site in the near future. However, in truth, DraftKings hasn’t really noticed its lack of methods causing many problems.

DraftKings Sportsbook has dominated the New Jersey online sports betting scene since it launched in the first week of August. Buoyed by a three-week de facto monopoly to begin its journey, the app’s monthly NJ sports betting revenue is more than three times that of its closest competitor.

Of course, the first-to-market advantage only gets a foot in the door. DraftKings has kept and increased its market share due to a slick, innovative app with an intuitive interface and a lot of flexibility.

For DraftKings, the site’s banking options had been a bit behind its competitors, so adding Play+ Prepaid is the right move.

Virginia sports betting is here, although, the number of sportsbooks is limited. However, DraftKings was one of the first to market.

Below, we have a guide to help residents and visitors to the Commonwealth navigate the DraftKings Sportsbook app. Check out tips on creating an account, depositing and withdrawing funds, and selecting sports to bet on.

Virginia Sports Betting DraftKings bonus offer

In jurisdictions where DraftKings is live across the US, there are several odds boosts, bonuses, and promotions.

When you sign-up with DraftKings in Virginia with the link above, you can also expect a Virginia-specific offer that focuses on the Washington Wizards.

Double your money if the Wizards hit a 3-pointer vs. the Atlanta Hawks on Jan. 29 @ 7 p.m. ET.

However, there are a few requirements:

• This is for first-time depositors only.
• Make a $5+ deposit into your sportsbook account.
• Bet must be placed before tipoff.
• Max bet of $50.
• One bet per user.
• This bet excludes live bets, parlays, free bets, cash out bets, and voided bets.

Once you make a deposit, you will be issued one single-use odds boost (+100) for ‘over 0.5 3-pointers made by the Wizards.’

Creating a DraftKings Sportsbook account for Virginia online betting

When creating a sports betting account anywhere in the US, where online sports betting is legal, you will be asked to provide the same private information. This goes for any sports betting operator you choose.

Download the DraftKings Sportsbook app for iOS or Android and follow the “create account” steps.

Some of the information you might be asked to provide include:

• Full name
• Last 4-digits of your social security
• Date of birth
• Address and zip code
• phone
• email

Remember, this is standard across the board. There isn’t an online sportsbook in the US that won’t ask you to provide some combination of the above information.

Lastly, you will be asked to create a username and a secure password.

How to deposit and withdraw funds at DraftKings Sportsbook Virginia

After you create an account (but before you start betting) you will need to add money to your newly create sports betting account.

Much like other online accounts such as Amazon or iTunes, you will need to move money from your personal bank account to your betting account to begin placing bets.

DraftKings Sportsbook makes this process easy by providing multiple avenues to transfer money.

Some of the easiest include:

• Credit/debit card
• online bank transfer
• Paypal/Skrill
• E-check
• Wire transfer

Draftkings also allows you to withdraw your money at any time. You can select the “withdraw” function by first accessing your profile on the top left of the home screen. Click withdraw and follow the instruction on the screen.

Withdraw options below include the number of days it takes to receive your money and the minimum amount you can take out:

• Paypal:3-5 days w/ $1 minimum
• Check:7-14 days w/ $15 minimum
• Online banking:3-5 days w/ NO minimum

Placing bets with DraftKings for online sports betting in Virginia

You have an account. You have money in your account. You are now ready to place bets.

First off, there are a number of traditional bets you can choose from, such as:

• Moneyline
• Parlay bets
• Point Spread
• Over/Under
• In-game bets
• Futures

In-game bets or “live-wagers” take place once a game or match has already started. These vary depending on the sport. But, they can range from the next player to score a touchdown, or which team will score the next basket, the Wizards or the Hawks.

Additionally, futures bets are wagers on the things like the 2021 World Series Champion or the 2021 Stanley Cup MVP.

Of course, professional football is coming to a close, but Super Bowl LV is two weeks away. Other professional sports leagues like the NHL, NBA, and college basketball are in full swing.

Can You Transfer Money On Draftkings

Other sports you can bet on include:

• Golf
• Tennis
• MMA/boxing
• Baseball
• Hockey
• Football
• Basketball

Online sports betting on Virginia area teams

Unfortunately, state law prohibits betting on Virginia collegiate teams. This means you won’t be able to place bets on teams like the Virginia Cavaliers, Virginia Tech Hokies or Richmond Spiders.

Virginia also lacks a professional sports franchise. However, there are a number of pro-sports teams nearby to place wagers on.

These include:

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• Washington Wizards (NBA)
• Washington Nationals (MLB)
• Washington Capitals (NHL)
• Washington Football Team (NFL)
• Carolina Panthers (NFL)
• Carolina Hurricane (NHL)
• Charlotte Hornets (NBA)

How To Transfer Money From Draftkings To Bank Account Bonuses

Choose any combination of sport, team, and bet, choose the amount you want to wager, and press “bet.” You can find a list of bets you place under the “My Bets” tab at the bottom of the screen. Then kick back and enjoy the game.