BetMGM Withdrawal Times & Payment Options for 2024

If you’ve signed up to the BetMGM new customer offer and have won some bets, you’ll eventually want to withdraw your winnings.

It’s well worth being aware of the BetMGM withdrawal options that are open to you ahead of time, particularly because the amount you can withdraw varies depending on the method you choose.

Another factor that can influence the withdrawal method you go for is the closed loop policy, which means you must use consistent withdrawal and deposit methods, rather than mixing and matching. With that in mind, here are the best BetMGM withdrawal options currently available to you.

Visa and MasterCard Debit Card Withdrawals

Funds can take up to three working days to reach your account. Withdraw a minimum of £10 and a maximum of £8,000.

Waiting three days for your BetMGM withdrawal to go through isn’t ideal, but it can take as little as one day in some cases. Both the minimum and maximum limits imposed by BetMGM are a tad more restrictive than some other bookmakers too.

The £10 minimum is slightly higher than you might find elsewhere, and similarly the maximum cap is set at a lower level than certain betting sites. Having said this, a limit of £8,000 should satisfy the needs of most casual punters, so this shouldn’t be frowned upon too much.

PayPal

Funds are expected to reach your account in 24 to 72 hours. Withdraw a minimum of £10 and a maximum of £4,000.

PayPal is an increasingly popular banking method so it’s a good sign to see BetMGM offer this as one of their withdrawal methods. Having to wait up to 72 hours is on the lengthy side, but the likelihood is that the time will be significantly less than that if your details are fully verified beforehand.

Bank Transfer

Allow 3-5 working days for withdrawals via Bank Transfer. Maximum withdrawal limits are set at £35,000.

If you’re playing with larger amounts of money, using a Bank Transfer for your BetMGM withdrawal is generally the best way to go. A maximum limit of £35,000 will be more than enough to cover most scenarios, even though the wait could be longer than using alternative methods.

Apple Pay

Funds should reach your account in 24 to 72 hours. Withdraw from £10 up to a maximum of £8,000.

Apple Pay is one of the most convenient ways of making withdrawals, and it’s among a range of withdrawal options currently offered by BetMGM. The expectation is that you’ll have to wait up to 72 hours before your funds land back in your account, but the wait could be considerably less than that if you’ve already verified your ID before beginning the process.

How to Withdraw Funds at BetMGM

As a new betting site, BetMGM have been able to create a layout and withdrawal process which is straightforward to follow.

While in some cases, the process starts by looking for a deposit or withdrawal button, for BetMGM you’ll be taken to the deposit and withdrawal section of the site by tapping on your balance on the top right of your screen.

Switch to withdrawals to see the various options open to you, alongside the maximum and minimum limits that are applicable to each method.

Expand your method of choice, and enter the amount you’d like to withdraw. Tap continue to confirm your details are correct and you’re done. Don’t forget the BetMGM live chat team will also be on hand if you have any queries along the way.

Unaccepted Withdrawal Methods

• Dedicated BetMGM Card - Some sites like bet365 give their customers the option of setting up a dedicated card to speed up the withdrawal process. This facility isn’t available with BetMGM, although a number of alternative withdrawal methods are on offer.
• Credit Cards - To discourage irresponsible gambling, 2020 saw laws put in place to remove credit cards as a legitimate deposit and withdrawal method in the UK. Naturally BetMGM follows these rules too.
• Skrill and Neteller - These are also not available at Betano right now, although the likes of PayPal and Apple Pay are on the table when it comes to more modern BetMGM withdrawal methods.