After a thorough analysis of the DraftKings Casino cashout rules and successfully withdrawing funds ourselves, we’ve created this guide for first-time DraftKings players.
We considered our experiences and the reviews shared by real players to ensure you have a smooth DraftKings Casino cashing-out process.
Read below to see how withdrawals work here, what methods you can use, and what rules affect your winnings.
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DraftKings Casino Cashout Rules Explained
DraftKings has made it easy for anyone who meets the casino’s cashout rules to receive their winnings without hassle.
My experience since signing up at DraftKings Casino has only been positive so far.
If you respect the withdrawal rules, you won’t have any issues or delays. The withdrawals arrive just as promised, and you can track their progress through your account!
- The main issue arises if you’ve already registered for an account and forgotten about it.
In this case, you must contact support and sort it out with them before you can make deposits and withdrawals.
- The use of VPN services or proxies is strictly forbidden, and I urge you not to do so.
If the operator catches you, you may get your deposit back, but all your bonuses and winnings will be removed along with your account.
- Another common issue that other players are experiencing is using a phone number that someone else has already provided (e.g., a friend, spouse, sibling, parent).
Avoid this mistake, as you will lose your account immediately if the system flags it as an issue.
Before proceeding to the table with all the details, I would like to mention the taxes.
The operator reports winnings equal to or higher than $1,200 and withholds 24% if your net winnings are equal to or higher than $5,000.
You need to file a W-2G Certain Gambling Winnings IRS form on your winnings.
Now, here’s an overview of the main DraftKings Casino cashout rules affecting your balance.
| Rule | Information | What It Means for You |
| Eligibility | Anyone aged 21 or older and physically present in New Jersey, Michigan, Pennsylvania, or West Virginia. | DraftKings Casino operates in CT, too. The bonus is available to players from the listed four states. |
| Accounts | Only one account per individual. | You can’t create multiple accounts or use a VPN to hide your real location.You can’t use the same phone number for two accounts! |
| Playthrough Requirement | 1x wagering requirement. | Wager your winnings and bonus funds once time to make them withdrawable. |
| Minimum Withdrawal | $1. | Most withdrawal methods support as low withdrawals as one dollar. |
| Payout Options | Online Banking, Bank Wire, ACH, VIP Preferred, Trustly, Debit card, PayPal, Venmo, Apple Pay, Check, Cash at Cage | You must withdraw to a “linked” method, which is a service you have used for depositing.If you try to avoid this rule, your withdrawal request will be rejected. |
| Verification Docs | ID card, utility bill, bank statement, and SSL number. | To be eligible to deposit, play, and withdraw at DraftKings Casino, you must confirm your identity, age, and home address. |
| Bonus Expiry | You have 7 days to use bonuses and 7 days to meet the wagering requirements. | If you fail to use the bonus before it expires, you will lose the remaining bonus funds or casino spins.If you fail to meet the wagering requirements within the specified timeframe, the bonus and any associated winnings will be forfeited. |
| Withdrawal Fees | No. | DraftKings Casino doesn’t impose processing fees and releases your full balance to your chosen withdrawal method. |
Wagering Rules on DraftKings Casino
The current DraftKings Casino welcome offer comes with wagering requirements of only one time.
I’ve no complaints about this playthrough, as it’s among the best I’ve seen.
Let’s say your casino spin winnings are $100.
It’s enough to play $100 on eligible online slots to clear and withdraw them.
The operator also gives you a whole week (7 days) to meet the wagering requirements, so you won’t feel pressured to do it all at once.
Please note that you have seven days to use your bonus and then seven days to meet the wagering requirements. These are two separate expiration dates.
I remind you to track your wagering progress in the “My Rewards” section of your account.
The rules I’m listing here are the ones applied to the welcome offer, but I’ve noticed that most other DraftKings Casino promotions share them.
It’s still good to check for any specific bonus rules before you claim a deal, as there may be slight differences.
Game Wagering Contributions
DraftKings Casino lets you use your bonus funds and wager your winnings on most games, with some exceptions.
Here’s a nice overview of the wagering contributions of selected game categories:
- Slots (exceptions apply), Keno, Virtual Sports, Rocket Games – 100%
- Blackjack, Roulette, Table Games, Live Dealer Games, Selected Slots – 20%
- Video Poker, Baccarat, Craps, Other Variety Games – 0%
If you play games with no wagering contribution and win, those winnings will be locked until you clear any active bonuses.
I want to remind you that you must first use your deposited money when playing with an active bonus.
You can forfeit any bonus and give up on the remaining bonus funds and bonus winnings if you wish to cash out your remaining deposit and deposit-tied winnings.
This move makes sense if you’ve hit a big win with your deposited cash and don’t want to risk losing it.
Withdrawal Rules on DraftKings Casino
DraftKings Casino is among those sites that make withdrawing a straightforward process, partially because regulators prohibit any shenanigans.
Those regulations also impose strict verification procedures that DraftKings must follow.
You can’t deposit or withdraw without verifying your account by providing the following details:
- Name, surname, and date of birth, as verified via an ID document and your SSL.
- Current home address via a utility bill.
- Source of funds via a bank statement or a pay slip.
You provide these documents via secure document links, and then a third-party verification vendor handles the rest.
I love the small minimum withdrawal amount of only one dollar, while the maximums depend on the method you’ve chosen.
Online banking, Trustly, and bank transfers allow you to transfer the largest amounts of money, while e-wallets, cards, and mobile wallets offer the fastest cash-out solution.
PayPal and Apple Pay are the top choices for casual players like me.
You don’t have to worry about fees imposed by DraftKings, as there are none. In my experience, you usually get the same amount of money you’ve cashed out.
Canceled Withdrawals
Until your withdrawal is confirmed, there is a possibility that DraftKings may cancel it.
You get three confirmation emails:
- You get one when you request a withdrawal.
- There’s another one when your request was processed.
- A final one arrives when your withdrawal is complete.
If you haven’t met the wagering requirements and haven’t forfeited the bonus, your request will be rejected.
Another reason is trying to withdraw funds to another person’s account, or if you provide a check address that differs from the one listed on your account.
Also, bank accounts must be linked to your account by depositing at least $5 through them.
You won’t be able to cash out via a bank transfer unless you’ve deposited via this method first.
The same applies to all other withdrawal methods. You must cash out using a method you’ve already deposited with.
DraftKings Casino prohibits multiple accounts per individual but doesn’t specifically ban multiple accounts per household.
How to Cash Out on DraftKings Casino
Here’s how cashing out your winnings and balance from DraftKings Casino works:
- Log in to your DraftKings account using your login credentials.
- Click on the profile photo in the upper right corner of the page.
- Choose the menu option named Withdrawal.
- If you have multiple accounts, select the Casino balance.
- Enter the withdrawal amount.
- Select the cash-out method you prefer (and can) to use.
- Add any necessary details, such as an e-wallet email address or home address, as applicable.
- Submit the withdrawal request.
- Confirm it one last time.
- The withdrawal has been submitted, and you can track its progress through your profile.
Note – If you want to cash out via cash at the casino cage, you must personally visit the cage nearest to you (or any other). You need to provide your account details and confirm your identity before the person there can process your withdrawal within an hour.
DraftKings Casino Withdrawal Methods
Withdrawing your money from DraftKings Casino is a straightforward process.
Pay attention to any active bonuses and unmet wagering requirements, as these can either delay your withdrawal or cancel the bonus.
We’ve listed the DraftKings Casino withdrawal methods and their essentials in the table below.
| Withdrawal method | Limits | Processing times |
| Online Banking, Trustly | $1 – $100,000 | Up to 1 day |
| ACH, VIP Preferred | $1 – $100,000 | 2-5 days |
| Debit cards | $1 – $25,000 | Up to 1 day |
| PayPal | $1 – $60,000 | Up to 2 days |
| Venmo | $1 – $20,000 | Up to 2 days |
| Apple Pay | $1 – $25,000 | Up to 1 day |
| Cash at the cage | N/A – $100,000 | Up to 1 hour |
| Bank wire | $20,000 – N/A | Up to 2 days |
| Check | $15 – $50,000 | 3-14 business days |
DraftKings doesn’t charge any processing fees on withdrawals; however, your financial institution (such as a bank) may include additional charges.
Although the above table details the accepted payment methods for withdrawal, it’s important to keep in mind that DraftKings Casino does not accept Credit Cards as a deposit method.
DraftKings Casino Cashout Rules FAQs
- Where can I find the cashout rules on DraftKings Casino?
At the bottom of the DraftKings Casino website page, you’ll see the Terms of Use of the site. The extensive Help Center also addresses various questions related to cashing out winnings, including available methods, limits, and more.
- How do withdrawals work on DraftKings Casino?
DraftKings Casino withdrawals are easy to request, but they require completing identity and location verification. To withdraw your money from the casino, please visit the cashier, select the cash-out method, enter your details, and submit the request.
- What happens if I don’t cash out my DraftKings Casino bonus? Does it expire?
You have seven days to use the bonus and seven days to clear the winnings. Then, you are free to cash out your balance whenever it suits you.
- Can DraftKings Casino’s withdrawal rules change after I sign up?
Yes, DraftKings can change the withdrawal rules, and if that happens, it’s transparent, and players are always notified about such changes. When you open the Terms and Conditions page or the Bonus Policy pages, you’ll see the version number listed along with the date of the latest changes.
- What do I do if I have a question or a problem?
DraftKings Casino offers 24/7 customer care support through live chat, callback, email, and social media. You can always reach out to its support agents using one of these channels to get the assistance you need.