How to Withdraw and Deposit Funds in an Online Casino

min read
BetMGM Dec 05, 2022, 2:07 PM

Joining an online casino can be scary. Many new gamblers fear that they won’t be able to withdraw their funds after they’ve won, for instance, in an online poker game. Others are scared of making a mistake when depositing their funds and potentially losing their money. 

With thousands of casinos on the internet, the fear of being scammed is a rational one. But one of the marks of a reliable website is having easy withdrawals and multiple payment options. Managing your funds on the BetMGM casino is easy and convenient. Here’s how you navigate withdrawals, deposits and bonuses so you can start enjoying online casino slots and games.

How to make a casino deposit

To play for real money at casinos, you’ll need to put some cash in first. This will be your first deposit. You’ve already chosen a reputable online casino in the USA and followed the simple steps to opening an account. Now it’s time to make your first deposit. Follow these five simple steps to make your deposit. 

  1. Once you’ve created your casino account, you’ll be directed to the online cashier section.
  2. Choose your preferred payment method from those listed on-screen (we’ll go into more detail shortly.)
  3. If you haven’t already filled out your personal details, you might be asked to do this now.
  4. Enter the amount you want to deposit and your account password.
  5. Hit “submit” or “deposit,” and voila! – funds are transferred to your casino bankroll. You might want to jump in immediately and play some casino table games or slots, but your funds could take some time to reflect in your account. Some deposits are instant, but other payments like bank transfers and checks can take longer to process.

Online casino payment methods

Woman holding credit card and using laptop computer

When playing at casinos online, you can choose how you want to pay. Before deciding, consider the cost of using a particular payment method (credit/debit cards and bank transfers usually cost more,) as well as the reputation of the institution that provides that method of payment. Consider how easy it is to transfer funds, including the length of time it takes to make deposits and withdrawals. An instant withdrawal casino is what you’ll probably favor. Therefore, you’re encouraged to look for the best way to withdraw and deposit with casinos online that will suit your specific needs.

The best online casino sites encrypt sensitive data to prevent the theft of your personal information and credit card details. A reputable casino will always keep your personal account money separate from the casino’s operating accounts. Not sure you can trust a casino? Do a bit of homework and read the online casino reviews available on the internet.

Here is our list of the most popular and secure payment methods used by BetMGM players and ways that you can do online casino withdrawals.

VIP Preferred e-Check

VIP Preferred™ ACH/e-Check is the preferred deposit method at BetMGM. You simply provide your ID number, your bank’s routing number and your account number. Funds will be transferred directly from your bank account to your BetMGM account. This payment method is quick, simple and easy to use. It is one of the highly-preferred ways to get an instant withdrawal at a casino in the USA.

Play+

The BetMGM Prepaid Play+ account is another preferred method for making instant deposits to your BetMGM account. To enroll online and fund your account using a credit card, debit card or bank transfer, all you have to do is log into your account and select “Prepaid Play+” from the Cashier. Remember that additional costs and/or fees may be assessed by your card issuer in line with your cardholder agreement. Your money is held in an FDIC-insured bank account, guaranteeing a secure transaction experience.

Mastercard and Visa

You can also use your Visa or MasterCard credit or debit card to directly deposit money into your BetMGM account. Before using this method, check with your bank because some establishments will not process credit or debit card transactions for online gaming. Your card issuer may also charge additional fees – this will be set out in your cardholder agreement.

American Express

You can use your American Express-branded card to fund your account. Corporate travel cards, prepaid cards, small business cards and bank co-branded cards will not be accepted. There may also be additional costs and/or fees applicable.

Paypal

You can use your PayPal account to make a deposit via your PayPal available balance or personal bank account. Remember to factor in the transaction fees when depositing funds.

Electronic transfer

Another option to transfer funds to your BetMGM account is simply by using a pre-established online banking account with the “bill pay” function enabled. Check beforehand to make sure your bank’s online platform allows this.

PayNearMe

Are you reluctant to use your personal bank accounts? PayNearMe allows you to fund your BetMGM account with cash at local stores such as 7-Eleven. You’ll have a PayCode sent to your email or phone; then, all you have to do is go to your chosen shop and use cash to make a deposit.

Borgata Hotel, Casino & Spa

You can visit the cashier window at Borgata Hotel, Casino & Spa resort in Atlantic City to fund your BetMGM account in cash. You’ll need to provide your government-issued ID and online gaming account information to make a deposit.

Discover credit card

You can use your Discover credit card to fund your BetMGM account. There are no fees charged for Discover deposits and the funds will be available in your account within one to two minutes.

Online banking

PayWithMyBank allows you to securely fund your BetMGM account directly from your bank account without having to leave BetMGM.com. There are no fees for this service and you do not have to sign up or enter any additional information. Simply log in to your online banking account via the BetMGM site to make your first deposit. After your initial deposit, you will not need to log back in to make future deposits.

MGM Rewards

The MGM Rewards Mastercard allows you to deposit funds as purchases into your BetMGM gaming account. Qualified deposits will earn one Point and one Tier Credit per $1 deposited. Please refer to your Rewards Terms and Conditions to review your complete Rewards Terms.

BetMGM Gift Card

Did you know BetMGM offers gift cards? The BetMGM Gift Card powered by TAPPP can be used to fund BetMGM accounts on BetMGM.com or through the BetMGM app.

Apple Pay

Apple Pay offers an easy, secure and private way to pay on iPhone, iPad, Apple Watch and Mac. Please note that it is currently available for iOS on the mobile web in Safari only.

Using online casino deposit bonuses

A deposit or welcome bonus can be offered to new players when they register to play for real money at casinos. Usually, you have to deposit your own funds before you can play with a welcome bonus. The reward can be an additional 50% or 100% of the first deposit you make into your site account, with a maximum bonus amount, of course. This type of bonus helps casino sites attract new players and it’s also an incentive for newcomers to get more rewards from their first time playing. 

A deposit bonus comes with certain conditions. To avoid making common mistakes new players make with bonuses, you need to understand these conditions and requirements before you claim a bonus. 

With deposit bonuses, casinos usually have a wagering requirement that tells you much you have to bet at the casino before you can withdraw from your account. This wagering requirement is usually represented as a multiple. So if you got a $50 bonus and the casino had a 10x requirement, you would need to bet $500 before withdrawing your winnings. Some games with a low house edge, like online blackjack with a live dealer, can’t be played with your bonus. Some bonuses can only be used with one type of game, like online slots. Reading the terms and conditions for promotions and bonuses is something you can’t skip when you’re learning how to play casino games.

How to make a casino withdrawal

Happy young man holding dollars and pointing on it

Don’t get carried away. Before you start placing large bets on casino games or trying out poker software tools and strategies, look at the casino’s withdrawal process. Some games take strategy and time and you don’t want to put in all that hard work only to realize you can’t withdraw your funds. At some casinos, withdrawals can take weeks to appear in your account; this is another red flag. The best sites are same-day withdrawal online casinos.

AT BetMGM, withdrawing your winnings is easy. Your withdrawal will be processed in five days or less. Trusted online casinos in the USA will always ask for ID when you cash out to ensure you’re of legal gambling age and haven’t been banned from the site. It’s unlikely you’ll be charged a cash-out withdrawal fee. Here’s how to withdraw your BetMGM balance.

Steps to withdraw online casino funds

  1. Go to the cashier or payments section. This will give you your total funds and how much of your available balance you can withdraw. If your welcome bonus isn’t reflected in funds available for withdrawal, it could be that you haven’t met the wagering requirements yet. 
  2. Select the withdrawal method you want to use.
  3. Fill in the amount you want to withdraw, along with your casino password.
  4. Click the “submit” button and your withdrawal will be processed. Make sure you have your ID because you might be asked to produce it at this point.

How to gamble responsibly and manage your bankroll

Bankroll management when you play online casino games isn’t just for new players. Even if you’re the strategy expert who only plays casino games with the best odds, you still need to set limits for yourself. Let’s give you a few quick tips to gamble responsibly.

  1. Check your emotions: The key to staying in control of your bankroll is having a healthy perspective on winning and losing. Keep track of your playing patterns as well as your moods and emotions. This way, you’ll be able to make smarter gambling decisions instead of heated ones.
  2. Record wins and losses: You don’t have to be a math expert to note down your wins and losses for each session. This tally will let you know how much you can afford to lose.
  3. Set a strict casino budget: Your casino bankroll should be your absolute limit, not a guideline, and you should hold yourself to it. Always remember that your casino budget is completely separate from your personal budget.
  4. Choose budget-friendly games: Don’t play a casino game with a high minimum bet if your budget can’t afford it. Start with low-stakes games that work with your bankroll. Avoid placing large bets or quickly using your deposit. 
  5. Practice self-control: Self-discipline is a key part of responsible gambling. Set limits on how much time you spend playing online and remind yourself to step away when you’re feeling frustrated or agitated. Gambling online is meant to be fun, not stressful. Take a breather; your favorite games will still be there when you return.

Bring out your fun side with BetMGM casino games

With deposits and withdrawals sorted, you’re free to explore our game catalog. BetMGM has a huge selection of games to captivate, engage and entertain even the most demanding gamblers. We bring innovative and exclusive titles as well as classic live dealer casino games with professional croupiers. Register to check out our phenomenal range of games.

Actress Vanessa Hudgens flipping casino chips next to the text "The King of Casinos"
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Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.

Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.