Here we explain how to withdraw money and cash out winnings from New Jersey online casinos and gambling apps and which payment methods are the best if you want to get your cash fast.
There’s nothing more exciting than a big win while playing inside your favorite online casino. Now that you’ve won, you’ll want to get your hands on some of that money, so you will need to know exactly how the process of withdrawing funds from an online casino account works.
For the most part, the process for withdrawing funds is quite similar from casino to casino. But there are nuances involved that make each site slightly different. As well, if the money you’ve won has come via a welcome bonus or another promotional offer, you’re going to be needing to assure that you’ve met all of the withdrawal requirements in order to be given access to claiming those funds. Those can vary.
At BetRivers NJ online casino, the withdrawal requirement on their welcome bonus is a minimal 1x playthrough.
At Unibet casino, though, the rollover requirement on their signup bonus is a 25x playthrough.
For example, at betMGM approval time for withdrawals is up to 5 business days and you can only withdraw your winnings to a payment method if you have deposited with that one within the past 180 days. Online withdrawals are typically quick and easy and the processing time starts as soon as a withdrawal is approved.
What follows is a step by step look at the method for withdrawing funds from an online casino.
Which Banking Methods Are Accepted For Withdrawals?
Right off the bat, you will need to determine whether your choice of banking method is accepted to make a withdrawal from your online casino account.
In New Jersey, ACH echeck is the most accepted method. Eighty percent of online casinos offer this option. PayPal is another popular choice. Only three New Jersey only casinos don’t offer withdrawals via PayPal – view the list of casinos accepting PayPal here.
One of the easiest methods to assure that withdrawals go through quickly is to sign up for a prepaid card with your online casino of choice. BetRivers in New Jersey, for example, offers a Play+ prepaid card. And if you happen to be within driving distance of the land-based casino partner of your online casino, you can go in person and get your money directly from the casino cage. In this instance, the withdrawal is processed instantly.
How Is A Withdrawal Processed?
It all starts with you making the request to withdraw funds. You do so by clicking on the cashier icon in your account and inputting the amount you are requesting to withdraw. Each request will be reviewed by the online casino staff. For instance, Caesars NJ casino can take up to 72 hours to process a withdrawal request. Generally, though, the review is completed within a day or two.
Once that part of the process is done, you’ll be notified by Caesars staff that the withdrawal is on its way to you. It should arrive within 24 hours of that notification. Note, that all digital withdrawal transactions at New Jersey casinos are subject to review. Your withdrawal request should be processed by Caesars within 72 hours, but usually will be complete within a day or two.
Almost every online casino will have a pre-established minimum and maximum withdrawal amount. As an example, at the Golden Nugget, the minimum withdrawal via PayPal is $10 and the maximum amount is $60,000. With VIP echeck, the minimum is $20 but the maximum climbs to $250,000.
On the other hand, at Unibet, the standard minimum withdrawal across the board is $10. And they don’t set maximum withdrawal amounts.
No matter the banking choice, withdrawals are processed without the online casino imparting any fees on the transaction.
How do you withdraw money from an online casino account?
You make a request to your online casino to withdraw funds from your account. Generally, the request is processed within 72 hours and the money will be paid out to your banking choice the next day. At Golden Nugget Play+ account is the easiest and fastest way to cash out.
Are all banking options available for withdrawals?
No banking method is accepted for withdrawal at all online casinos in New Jersey. However, some are much more accepted than others. The two most popular options with New Jersey online casinos are ACH echeck and PayPal. However, it’s usually standard that you can only use PayPal to make a withdrawal if you also used the ewallet service to make your deposit to the online casino site.
- betMGM – instant – up to 3 days depending on the method
- bet365 – quick cash out
- Golden Nugget casino – faster withdrawals (VISA/Master Card +), and CASHBACK on account loads
- Borgata – fast withdrawals
- Caesars – $10,000 maximum withdrawal limit per transaction
What are the best withdarwal methods – compared
|Payment Method||Type||Payment Processing Time|
|Visa||Visa Fast Funds – Debit card/Prepaid card||Within 24 hours(after internal review)|
|Mastercard||Mastercard Send – Debit card||1-3 business days(after internal review)|
|PayPal||eWallet||Within 24 hours(after internal review)|
|VIP Preferred||Bank Transfer||2-4 business days(after internal review)|
|Online Banking||Bank Transfer||2-4 business days(after internal review)|
|Instant Banking||Bank Transfer||2-4 business days(after internal review)|
|Play+ PrepaidCard||Prepaid Card||Within 24 hours(after internal review)|
|Cage – applicable in NJ, MI, MD, MS & OH||Cash Offline||Within 10-12 hours(after internal review)|
|Check by Mail – applicable in NJ||Check||7-21 business days(after internal review)|
- PayPal – the fastest, instant access to your funds once approved.$10 Min / Max $60,000
- Checks – the slowest withdarwal method (2-3 weeks for receipt via mail).
- Wire Transfer – 5-7 Business Days. $500 Min Per Transaction / No maximum withdrawal limit.
Are their limits attached to the withdrawal process?
Certainly there will be some restrictions no matter which site is your online casino of choice. All online casinos have maximum withdrawal limits. For instance, at the Golden Nugget the maximum withdrawal amount with ACH echeck is $250,000. As well, if the money you’ve bet to garner your winnings was from a welcome bonus or other type of promotion, you’ll need to assure that you’ve met all of the attached withdrawal requirements before the money is freed for withdrawal.