Online Sportsbooks Payout Data: June 2015

June 4th, 2015 By: Jasper W
Posted in:  Football, Sports, Withdraws, News

sportsbookThe past 30 days has been excellent in terms of processing speeds. Most sportsbooks on our list improved or held strong with already quick speeds. Most importantly, Top Bet made good on their backlogged withdrawals.

My report looks at withdraw speeds from all of the principal withdraw methods at the five most popular books on our Real Rank.

Bovada       Rating: A      Last Month: A+

Bovada continues their amazing run in the market. Their speeds vary slightly every month, but they have consistently been the leader in payment processing speeds. Speeds are quite as quick as last month, but there is no safer bet in the US market.

Checks are being processed as quickly as 5 days, but may take slightly over a week. This is marginally slower than last month’s speeds. Bank wire speeds are taking about one week about the same rate as last month.

Visa Fast Funds are reaching players as quickly as 4 days, but can take up to a week. It’s currently the fastest method available if you deposited with a Visa card. Western Union and MoneyGram transfers are unchanged from last and are processed in 48 hours or less.

5Dimes            Rating: A       Last Month: A-

5Dimes isn’t far from Bovada. Their speeds are near identical, and they have been in the industry for over 15 years. They offer several more options than Bovada, giving customers plenty of options for deposits and withdrawals.

Check speeds are identical to last month’s reported times of 10-14 days. Similar to Bovada’s Fast Funds option, 5Dimes offers players Vanilla Visa, which processing withdrawals back to Visa cards for players. This method also is unchanged from last month, and withdrawals are hitting players in 2-3 days. Like last month, WU and MoneyGram transfers are being processed in 72 hours or less.

Bitcoin speeds are still holding strong at 1-3 days. The crypto-currency is our recommend method for speed and cost.

BetOnline       Rating: A+     Last Month: A+

BetOnline has earned their A+ rating against this month. Their speeds have been excellent for quite some time and their history with payouts several years ago is in firmly the rear-view mirror.

Checks are reaching customers as fast as 3 days, but can take up to a week to process. This is slightly faster than last month’s speeds. Our data on bank wires is limited, but we’ll assume these are being processed around the same time-frame based on last month’s numbers.

Bitcoin withdrawals are taking 1-3 days to process. Cash transfers via Western Union and MoneyGram are reaching players in 2-3 days. Both of these methods have near identical times from last month.

Bookmaker    Rating: B+     Last Month: B+

Bookmaker’s speeds continue to improve. There’s no doubting the offshore booking giants is trustworthy, but their speeds haven’t been quite as fast as some of their competitors. That has changed in recent months.

Check speeds are closer to one week compared to the 7-10 days we reported last month. We have less data on bank wires, but these previous reports suggest a similar time-frame to checks. Pay2Card is the fastest fiat-based method available, withdrawals back to Visa cards are taking 1-3 days.

Bookmaker started accepting bitcoins a few months ago. Withdrawals using the crypto-currency are processed in 2-3 days.

Top Bet          Rating: B-      Last Month: C-

Top Bet has righted the ship and processed their backlogged payouts that had caused delays over the past month or two. The issue was due to a downed payment processor, which was rectified by management.

Top Bet has a short history in the industry, but this is a welcomed sign. Before this hiccup, they had no previous payout issues. Checks are currently taking about one week, and withdrawals back to Visa cards are being processed in several days.

Author: Joseph Falchetti (twitter)
Copyright: 2015