Hailing from New Orleans, Lisa Spencer brings together math expertise and gambling know-how as Betting.us' editor. With a Master's degree in Applied Mathematics, she excels in game theory. Using statistical models and game theory, she develops and publishes betting strategies for Betting.us. Outside work, Lisa surfs the web for betting insights and does sports.
The Best Prepaid Gift Card Betting Sites for 2024
By Lisa Spencer
Senior Editor at Betting.us
Updated: September 3, 2024
Top-Rated Betting Sites that Accept Prepaid Gift Cards
Use our ranking below to find the top-rated legal sportsbooks that accept Visa and Mastercard gift cards. Every site has been checked and verified to ensure that it is legal for US users:
| Prepaid Gift Card Sportsbook | Prepaid Gift Card Bonus | Promo Code | Highlights | Rating | Secure Link | Eligible States | Terms |
|---|---|---|---|---|---|---|---|
| BetMGM Sports | Up to $1500 Back In Bonus Bets | Not Needed | Premium betting markets Great bonuses Top tier odds | ★ out of 5 | Claim Bonus! | AZ, CO, DC, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, NV, NJ, NY, NC, OH, PA, TN, VA, WA, WV, WY | Valid only for new NJ players over 21 years of age. Opt-in required. Full T&Cs apply. |
While prepaid gift cards are not the most common sports betting payment option, certain players have developed a preference for them. Indeed, they offer quick and secure deposits with little else required. Of course, it isn't as straightforward as that, and there are more factors that need to be looked at. Stick to the end of this overview and learn all about deposits, withdrawals, transaction limits, and more.
BetMGM – Great for Prepaid Gift Card Deposits
BetMGM is one of the few online gambling sites in the US that accepts prepaid gift card payments without issues. As luck would have it, it is also one of the premier sports betting platforms on the Internet. At this sportsbook, you'll have the opportunity to bet on a wide range of sports, including football, baseball, basketball, tennis, golf, combat sports, and many more.
The sportsbook stands out with its first-rate odds and excellent choice of betting markets. Users report a great variety of both pre-match and in-play options. With bonuses for new and returning players, BetMGM does not disappoint. Use your prepaid gift card to claim your promo today.
The Best Prepaid Gift Card Sportsbooks by Category
| 🥇 Best Prepaid Gift Card Sportsbook | BetMGM NJ |
| 🎁 Best Prepaid Gift Card Bonus | BetMGM WV |
| 📱 Best US Prepaid Gift Card App | BetMGM CO |
| 💳 Fastest Payout Prepaid Gift Card Sportsbook | BetMGM MI |
There are several factors by which we evaluated the best prepaid gift card betting sites. Specifically, we pay attention to key elements that will impact your overall experience. Our system has us look at the betting markets, bonus deals, mobile support, and transaction speeds.
If you know what you want out of your chosen sportsbook, then use the table above to pick the right site for you. You can also trust us and go with our recommendation for the top prepaid gift card betting site in the US. If not, then keep reading as we dive deeper into the nuances of betting with a gift card.
Our Top Recommended Sportsbook with Prepaid Gift Cards for September 2024
BetMGM Sportsbook
Up to $1500 Back In Bonus Bets
Not Needed
Excellent market variety
AZ,
CO,
DC,
IL,
IN,
IA,
KS,
KY,
LA,
MD,
MA,
MI,
MS,
NV,
NJ,
NY,
NC,
OH,
PA,
TN,
VA,
WA,
WV,
WY
Get Bonus
Valid only for new NJ players over 21 years of age. Opt-in required. Full T&Cs apply.
Guide to Betting with a Gift Card: How to Make Deposits and Withdrawals
Betting with a gift card is not the most common approach to online gambling, but it is certainly feasible. The cards themselves are nothing special. They are your run-of-the-mill prepaid Visa and Mastercard plastic. If you have ever used a debit or credit card in your life, you'll be immediately familiar with how they work.
Your sports betting gift card will come loaded with a balance. You are free to spend that balance to make deposits to your chosen sportsbook. Once you have used it up, you throw it away and buy a new one. Depending on the card, there will be loading fees. In our experience, betting sites do not transaction fees for using this payment method.
All in all, using gift cards is the same as depositing via credit or debit card, but more limited. If you are planning on long-term betting, you would be much better off at betting sites that accept Visa. With a credit card, you'll have more sportsbooks at your disposal, not to mention that you don't have to buy a new card after a couple of transactions.
How to Make Prepaid Gift Card Deposits
Making a deposit with your Mastercard or Visa gift card for sports betting is not complicated at all. In fact, it's no different from making a credit card transaction. If you have ever made an online purchase, you already know what you need to do. Online betting gift card transactions are quick and convenient. If you are not familiar with the process, we have outlined it in this step-by-step guide:
- Open an account at your chosen online sportsbook
- Go to the cashier section
- Choose the prepaid gift card or debit card option
- Enter the 16-digit number on the front
- Enter the expiration date and security code
- Confirm the payment
- The money appears instantly in your balance
- Place a bet without delay
As you can see, making Mastercard and Visa gift card sports betting deposits is easy enough. You can continue making transactions the same way until the balance of your card runs out. When that happens, you'll need to get a new one to top up your bankroll.
How to Cash Out Your Winnings with Prepaid Gift Cards
Making withdrawals to your betting gift card is not possible[2]. This type of payment method is designed to support one-way transactions. This means that you can only make deposits with your prepaid card. However, this doesn't mean that your money is lost.
You can always withdraw your money via alternative methods. Usually, you will be offered to receive your winnings by bank transfer. You will have to provide the necessary banking details, and the cash will be on its way. Depending on your bank, it can take up to several business days for the transaction to clear.
Our Rating Criteria
We understand that finding the best prepaid gift card betting sites can be difficult, if you don't know where to start. Fortunately, we are here to help. We have in-depth knowledge of the US betting space and a set of criteria by which to evaluate different sportsbooks. Below, we have listed the primary factors we use in our selection process.
Safety & Licensing
Prepaid Gift Card Bonuses
Prepaid Gift Card Sportsbook Apps
Deposit and Withdrawal Limits
Alternative Payment Methods
These are the criteria that we use to rank the best prepaid gift card betting sites in the USA. Of course, we understand that not every factor will be relevant to your personal sports gambling experience. Use the navigation element to jump to the specific topic that interests you.
Safety and Licensing
Before signing up at any platform for online betting with a gift card, you need to make sure that it is legitimate. To do this, you have to check for a state gambling license. Every state has its own regulatory board, and only it can issue licenses for that state. Below, we have listed the most prominent gambling regulatory institutions:
American Gaming Association
Colorado Department of Revenue - Division of Gaming
Indiana Gaming Commission
Michigan Gaming Control Board
New Jersey Division of Gaming Enforcement
New York Gaming Commission
Pennsylvania Gaming Control Board
Virginia Lottery
West Virginia Lottery Commission
Remember that you can only place bets at Mastercard and Visa gift card sports betting sites that are licensed in your state. Sportsbooks from other states and countries are off-limits. What's more, when you open your account, you'll have to provide proof of identification. This is done to ensure that you are over the gambling age and that it's legal for you to gamble.
The Best Sportsbook Bonus Offers
At Mastercard and Visa gift card betting sites, you will have the opportunity to claim bonuses. From the moment you create an account, there will be a welcome bonus at your disposal, with more deals down the line.
The right bonus will give you a massive leg up in your betting sessions. This is why choosing a worthwhile deal is a priority for most gamblers. Below, we have compiled a ranking of the top bonus deals that you can claim with a gift card deposit:
| Prepaid Gift Card Online Sportsbook | Prepaid Gift Card Bonus | Promo Code | Wagering | Min. Prepaid Gift Card Deposit | Eligible States | Secure Link | Terms |
|---|---|---|---|---|---|---|---|
| BetMGM | Up to $1500 Back In Bonus Bets | Not Needed | 1x | $10 | AZ, CO, DC, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, NV, NJ, NY, NC, OH, PA, TN, VA, WA, WV, WY | Claim Bonus! | Valid only for new IN players over 21 years of age. Full T&Cs apply. |
The way to evaluate a given bonus offer is to look at its terms and conditions. The rules of a promotion will determine its worth rather than its face value. Specifically, you want to pay attention to the wagering requirement, minimum deposit, minimum odds, eligible events, and bonus duration.
The online sportsbook bonuses will be fair about each of these factors. Take your time to read the T&Cs of every bonus you're considering, and make sure that you understand them. Ideally, look for low minimum odds and ensure that the bonus can be used to bet on your preferred events.
No Deposit Bonuses
Where you can only claim most bonuses after a deposit, some sportsbooks go a different route. No deposit deals are occasionally available. As their name implies, these are promotions that you can claim without a deposit. Of course, there are subtleties to such promotions, and you need to know about them.
No deposit offers are rare and typically smaller. What's more, their T&Cs are stricter and more restrictive. This is why reading the rules is even more important. Currently, there aren't any no deposit dealsat the best prepaid gift card betting sites. We will update this section if anything changes in that regard.
Top Betting Apps with Gift Cards
Of course, you don't need a desktop PC to bet online. You can easily find a betting app with gift card deposits. In fact, we have done the research for you and listed the top-rated mobile betting platforms for gift card users:
| Prepaid Gift Card Betting Apps | Rating | Prepaid Gift Card Bonus | Promo Code | Compatibility | Eligible States | Secure Link | Terms |
|---|---|---|---|---|---|---|---|
| BetMGM | Up to $1500 Back In Bonus Bets | Not Needed | Android, iOs | AZ, CO, DC, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, NV, NJ, NY, NC, OH, PA, TN, VA, WA, WV, WY | PLAY NOW! | Valid only for new MI players over 21 years of age. Full T&Cs apply. |
When using your chosen betting app with gift card support, remember that you need to have location services enabled and active. This way, the sportsbook can verify that you're in a state with legal online gambling. It is standard procedure and something that is required by law.
Deposit and Withdrawal Limits
An important factor in choosing a payment method are the transaction limits. This will determine whether the banking solution is suitable for your particular case. But first, here are the deposit and withdrawal limits of sports betting sites that accept Visa gift cards:
| Prepaid Gift Card Sportsbook | Deposit Limits | Withdrawal Limits | Deposit Speed | Withdrawal Speed |
|---|---|---|---|---|
| BetMGM NJ | $10 - $50,000 | $1 - $2,000,000 | Instant | Instant – 5 Days |
Remember that the transaction limits of your betting gift card will differ from those of the sportsbook. In fact, they will be much more restricted. Most gift cards are designed with small sums in mind. As such, you'll have a difficult time finding a prepaid card that holds more than $500. This makes this payment method suitable for casual gambling.
But if you're after high-stakes betting, then prepaid gift cards are ill-equipped for this task. Not only do they have low capacity, but they are ineligible for withdrawals. In that case, you would be better off with some of the alternatives.
Prepaid Gift Cards Alternatives
So far, we've established that gift cards come with some serious drawbacks. The inability to withdraw and the small holding limits are restrictive in a way that can impact your online gambling experience. For this reason, it's important to note that there are alternatives out there. Below, we have listed the best gift card alternatives:
- Visa - Instant deposits to all online sportsbooks
- Mastercard - Accepted at majority of betting sites
- American Express - Excellent deposit limits
- PayPal - Fastest withdrawals in online gambling
- Bank Transfer - Secure transactions for large amounts
- Venmo - Quick deposits and withdrawals
As you can see, there are much more versatile payment solutions online. In our experience, using one of the e-wallets, such as Venmo and PayPal, is the most convenient way to gamble online. Not only do they offer the fastest transactions, but you'll be able to move large sums of money with no issues. It should also be noted that sports betting with prepaid cards provide a similar banking solution as gift cards.
Prepaid Gift Cards Company Information
Gift cards are a massive industry, exceeding $300 billion in 2023[1]. Prepaid gift cards are available at just about any major American supermarket. They are a convenient way to load some cash onto a card without needing a bank account. Currently, every major US credit card company also offers prepaid gift cards. Although Visa and Mastercard have the lion's share of the market.
| Company Name: | Visa Inc., Mastercard Inc., Amex, Discover |
|---|---|
| Founded: | N/A |
| Founders: | N/A |
| Headquarters: | N/A |
| Website: | N/A |
| Legal US Status: | Legal |
| Products: | Prepaid gift cards, debit/credit cards |
| Revenue: | N/A |
| Number of Employees: | N/A |
| Public Company: | yes |
| Traded as: | N/A |
Regardless, when purchasing a prepaid gift card, you will be doing so from a trusted and reputable company. What's more, you don't have to worry about personal details, since none are needed to buy a card or make payments online.
Pros and Cons of Betting with Prepaid Gift Cards
So far, we've seen some of the positive and negative sides of sports betting gift card deposits. Now that we have gone over all the important factors, it helps to stop for a second and take a broader view of this payment method.
Every banking solution has its share of pros and cons. Our aim with this guide is to present all sides of prepaid gift cards for online gambling. Below, we have listed the primary positive and negative features of this deposit option:
- Quick deposits
- Trusted providers
- Safe payment method
- No personal info required
- Broadly available at retail stores
- Withdrawals not possible
- Not broadly accepted
- Small transaction limits
Problem Gambling Help
Gaming is fun, but it shouldn't get out of hand. At the best prepaid gift card betting sites, you'll have the option of employing responsible gambling features to restrict your access to gambling. This means placing deposit and betting limits, as well as playtime restrictions.
Online sportsbooks partner with responsible gambling organizations that provide resources for problem gambling. This means that you can always read up on how to recognize symptoms and prevent the onset of gambling addiction. When necessary, you can also reach out to the therapy organizations for free.
FAQ
Which are the best prepaid gift card betting sites?
The best prepaid gift card betting sites are licensed by trusted US regulatory institutions. Right now, every state has a different licensing board and a specific stance on online sports betting. It's legal only to play at licensed sportsbooks in your state.
Is it safe to bet with prepaid gift cards?
The safety of sports betting with a gift card is only guaranteed when you do it at legitimate and licensed sportsbooks. Make sure that you only deposit your money with a betting site that is regulated in your state. Offshore sites are illegal, and they are known for scamming players.
How do I make a withdrawal from a sportsbook using prepaid gift cards?
Withdrawals to prepaid Visa gift cards are not possible. If you deposit with a prepaid gift card, you will be able to cash out via bank transfer. The inability to withdraw is one of the primary disadvantages of this payment method and why so many players choose to go for one of the prepaid gift card alternatives.
What are the transaction limits of prepaid gift cards?
Usually, the limits of sportsbooks with prepaid gift cards are quite wide for both deposits and withdrawals. The cards themselves are much more restricted. They aren't designed for large transactions, and most cards will hold up to $500-$1000. For this reason, prepaid gift cards are best suited for casual gamblers.
How to make an online betting deposit with prepaid gift cards?
Making a deposit with prepaid gift cards is not difficult. It is the same as making any other online purchase with a credit card. Enter the card information and deposit amount, then confirm the payment. It will appear in your balance almost immediately.
Deposit Easily Using Prepaid Gift Cards
The best prepaid gift card betting sites featured in this guide offer quick and secure deposits. We have chosen them due to their competitive odds, great betting markets, and proven legitimacy. You can trust any of them to deliver a premier betting experience.
Born in New Orleans, Lisa Spencer is a professional gambler and editor for Betting.us with a Master's in Applied Mathematics. Known for her strategic gambling approaches, she is an expert in game theory and statistical modelling. Lisa also enjoys surfing, running, and writing reviews on betting sites in her spare time.
Naturally, every sportsbook mentioned on this page is licensed by the appropriate state authorities. We only promote legal and regulated betting platforms. As a result, you can trust their odds and bonuses, while betting on your favorite sports events.