The best US sportsbooks don’t pitch their products for high rollers only. They also make provisions for lower budget or casual bettors, with budget-friendly bonuses, accessible tournaments, and most importantly, lower minimum deposit limits. At the very best sites, you can make deposits from as little as $5, and the withdrawal limits are also conveniently low so you don’t need to worry about turning that $5 into a massive lump sum.
Here, we will explore the best minimum deposit betting sites, with hassle-free payments, low deposit friendly bonuses, and a worthy range of betting markets.
Best US Minimum Deposit Sportsbooks
We only review betting sites in the US that are fully legitimate. They have state licenses and permissions to operate in the US. While there may be some options that are not available in every single state that has legal sports betting, we have carefully chosen the most widespread minimum deposit betting sites.
We rate these based on the quality of the products offered, payment methods (with minimum deposit and withdrawal limits), the minimum betting stakes, typical bonus requirements, and how widely available these sportsbooks are.
#1. DraftKings
- Minimum deposit: $5
- Minimum betting stake: $0.10
- Minimum withdrawal: $1
- Typical min. bonus bet requirements: $5 – $10
- Mobile betting in 25+ states
DraftKings is among the top sportsbooks in the US for good reason. This book has a massive range of betting markets, spanning all kinds of alternate lines, partial game derivatives and player props. Assembling SGP and SGPx bets is made easier through the smart SGP toggle mode and advanced bet slip features. You get live bets, futures, and props for 25+ sports categories, ensuring there is a little something for everyone.
The sportsbook supports debit card payments, Apple Pay, gift cards, PayPal, Venmo, and wire transfers. The minimum deposit is set at $5, and the minimum stake per bet is $0.10, so the action is set nice and low for anyone playing lower stakes. With minimum withdrawals offered from just $1, you won’t need to shoot for the stars with your lower stakes bets to cash out either.
DraftKings bonuses are also tailored for lower budgets, with plenty of boosts, recurring free to play challenges, and various kinds of bonus bets. Bet & Get offers (no sweat, win-win, event-tied promos), generally have a qualifying requirement of either $5 or $10, so you don’t need to stretch out to max out your promos.
#2. FanDuel
- Minimum deposit: $5
- Minimum betting stake: $0.09
- Minimum withdrawal: $1
- Typical min. bonus bet requirements: $5 – $10
- Mobile betting in 20+ states
FanDuel continuously holds the top spot for the most widely used sportsbook in the US, and there are few sites that can provide as extensive a service as it does. FanDuel has broad international and domestic sports coverage, with an interface that is fully equipped for all your live bets, parlays, SGPs, and round robins. With 20+ sports categories, you get ample opportunity to spread your wagers, and FanDuel goes into all the specifics with player projections, game stats, and team props.
You get flexible options to manage finances at FanDuel, the platform accepts deposits using debit/credit cards, Venmo, Apple Pay, PayPal, PayNearMe, gift and Play+ cards,and online banking processors such as Trustly. The minimum deposit is set at $5, and withdrawals lower limits are $1 for most methods. With a minimum $0.09 stake requirement for bets, FanDuel just slightly beats DraftKings by a single cent.
Perhaps the most exciting aspect of playing at FanDuel are the promotions. While it doesn’t have a loyalty program like other books, it makes up for this through a wide range of profit boosts, SGP boosts, recurring bonus bet offers, and free to play games like the MLB Daily Dinger. Bet and Get offers also usually require a $5 or a $10 qualifying bet, and FanDuel is pretty creative with its offers, making bonuses for upcoming events or ongoing tournaments so you don’t miss out on the action.
#3. Caesars
- Minimum deposit: $5
- Minimum betting stake: $0.10
- Minimum withdrawal: $1
- Typical min. bonus bet requirements: $5 – $10
- Mobile betting in 20+ states
Sports bettors looking for that royal treatment, with loyalty perks and specialized bonuses for their needs, look no further than Caesars Sportsbook. While the brand is more famous for its Vegas Strip megaresorts and casino games, Caesars has a fully geared sportsbook, thanks to its acquisition of William Hill US back in 2022. The sportsbook has 25+ sports categories, including everything from major NFL, NBA and soccer games right down to UFC, motorsports, and various niche sports. The niche sports coverage here is a lot better than the industry average, so you will find UFC fighting props, NASCAR alternate betting markets, and other worthy niche props.
Caesasrs supports payments from credit and debit cards, eChecks, Play+, PayPal, Venmo, PayNearMe, and various other payment providers. Minimum deposits are set at $5 while minimum withdrawals can be requested from as little as $1. You can stake bets from just $0.10, and the bet slip accommodates all kinds of teasers, round robins, parlay wagers and SGP combinations.
Bonuses at Caesars are pretty diverse. You get daily odds boosts, free to play games, and loads of profit boost tokens. One of its greatest pulls is the My Rewards program, through which you can earn exclusive real world prizes such as discounts on hotels stays or cruise trips. All your bets feed comp points into this loyalty club, as does your spending at Caesars retailers and hotels. For sports betting, you can convert points into bonuses and even redeem birthday gifts and monthly bonus bets.
#4. Fanatics
- Minimum deposit: $10
- Minimum betting stake: $0.10
- Minimum withdrawal: $5
- Typical min. bonus bet requirements: $10 – $20
- Mobile betting in 20+ states
A mobile-first sportsbook, Fanatics is packed with fairly priced wagers, good parlay building tech, and a diverse range of markets to flex your sports knowledge in. The app is designed for convenience, you can easily pick and mix your bets, stake wagers, and track ongoing live bets. It even supports live streams on select events, with live betting markets, which you can toggle between during a game to hit high value in-play betting markets.
Fanatics supports mobile-friendly payment processors, with mobile credit/debit card banking, PayPal, Apple Pay, Venmo, and wire transfers. The minimum deposit for most payment methods is $10, with minimum withdrawals starting from $5. For placing wagers, the minimum stake is just $0.10.
A key distinguishing feature of Fanatics is the bonus credits which are used in a type of cashback system. You can earn a percentage of real money bets back in bonus credits, which can be collected and converted into bonus bets. You get 0.01-10% of your staked money back in Fanatics credits, based on the odds of your wager. For smaller stakes players though, you may be looking at a few credit cents per bet – so this is not truly low-stake friendly. Beyond these, Fanatics has boosts, free to play games, and bonus bet offers. Though the bonus bet offers tend to have $10 to $20 minimum qualifying bet requirements, which is a little higher than the other books on our list.
#5. BetMGM
- Minimum deposit: $10
- Minimum betting stake: $0.10
- Minimum withdrawal: $10
- Typical min. bonus bet requirements: $10
- Mobile betting in 20+ states
Another powerhouse in the US sports betting sector, BetMGM has widespread availability and offers a high quality betting experience. This sportsbook has 20+ sports categories, including both major and niche sports, as well as virtual sports to get 24/7 betting action. BetMGM has a user friendly interface with symbols next to different markets, so you know which bets can be combined into SGPs, and there are loads of cash out markets too. Furthermore, you get mini data research tabs for each game to help you make smarter picks.
The minimum deposit is $10 at BetMGM, and the platform supports credit and debit cards, PayPal, Apple Pay, Trustly, Venmo, PayNearMe, and other methods. Minimum withdrawals start from $10, and the minimum stake per bet is $0.10.
Rewards are a big deal at BetMGM, there are always ongoing promotions to check out. These include odds boosts, Early Payout for soccer, free to play games, and recurring bonus bet offers. The bonus bets typically start with a $10 qualifying bet requirement, but these offers tend to be pretty sizable and thus worth stretching for.
BetMGM is also tied to the MGM Rewards program, where you can get unique prizes such as VIP hospitality tickets to MGM International-hosted events, offers for hotel stays, and valuable sportsbook bonuses. These include Rewards Points that can be redeemed for online bonuses, birthday gifts, and at the higher levels, premium support and VIP hosts.
How Minimum Deposits Work
Ideally, there is no difference between depositing the absolute minimum and making a larger deposit. Sportsbooks should accommodate these smaller transfers, and they will arrive in your betting account instantly. However, if you are going to hug the minimum limit, there are some things you should bear in mind.
Minimum deposits can vary by payment gateway. While electronic payments are a lot cheaper and there are many service providers that can facilitate these, they are not 100% free. The best sportsbooks will not add charges for making the deposit, but they may crank up the minimum deposit limits for select payment processors to ensure the fees don’t take up a massive percentage of the transferred funds. For instance, bank transfers are one of the most costly payment methods, either with fixed minimum charges or higher percentages charged on payments.
Below, we run through common payment methods that fulfill the minimum deposit requirements from sportsbooks.
Getting Started
The minimum deposit betting sites don’t require you to wire hundreds of dollars to place a few NBA or NFL bets. You can sign up, send as little as $5, potentially claim a welcome offer, and then place some smaller stake wagers across the sportsbook. You get full access to the sportsbook, there are no limitations because you just sent $5 or $10. And the process is practically the same across all major US sportsbooks.
- Head to the site through our links
- Click on Sign Up
- Fill out the data forms
- Verify your ID and location
- Create the account
Then, making that first deposit
- Head to Cashier
- Select a deposit method
- Check the minimum deposit and submit that amount
- Authenticate the payment
The funds will arrive in your betting account straight after.
Minimum Deposit Payment Gateways
While a sportsbook may claim that their minimum deposit is just $5 or $10, this may not necessarily apply to all payment gateways. As mentioned earlier, if the payment processor charges these the sportsbook may raise the minimum deposit limit to make it worth their while.
Alternatively, some payment processors will simply not transfer payments below a certain threshold. That is not the sportsbook’s decision – and you will find for those payment methods the minimum deposit limit is the same across all books.
Credit/Debit Cards
The most popular deposit method at US sportsbooks are bank card payments. These are fully secure, arrive quickly, and don’t cost a dime. Typically, US sportsbooks accept the following bank cards:
- VISA
- MasterCard
- American Express
- Discover
It is important to note that credit cards may be subject to state availability. Some states ban credit card funded sports betting activities, and there may be restrictions imposed on credit cards by the sportsbooks too.
Apple Pay or GPay
Though if you want a little more security, you can use an intermediary card payment processor like Apple Pay or Google Pay. Another one you may have heard of is Stripe. Basically, these payment processors can send money from your banking account without sharing your details, and often require additional authentication (biometrics, 2FA, etc) to confirm payments.
They are safe to use, very quick, and their hassle-free process makes these Payment Service Providers ideal for mobile bettors. Though take note, these are generally not offered for withdrawals, they are usually a one-way service.
Venmo
Venmo is a mobile-based payment provider that is owned by PayPal, and you can link yur bank account or debit/credit card to pay. Or, you can make a Venmo wallet and use it to make deposits. The transactions are speedy and minimum deposit limits are low.
PayPal
PayPal is another popular deposit method, although it is important to note that sometimes the minimum deposit limit for PayPal deposits can be a little higher. For instance, where debit cards and Apple Pay may have $5 deposit limits, a sportsbook may set the limit for PayPal at $10 or even $20 in some cases.
Always be sure to check, but just like the other payment methods listed here, this is a viable option.
Prepaid Cards
Gift cards, Play+, and prepaid vouchers typically have low deposit minimum limits, but also lower maximum thresholds. They are completely anonymous as you can purchase one at associated vendors and then enter the details of the gift card to send money to your betting account.
However, these are usually one-time use or disposable cards, which you can only use to make 1 deposit and you can’t make withdrawals to.
Web-Wallets and eWallet Providers
Besides PayPal and Venmo, there are other web wallets you can use at the top US sportsbooks such as Skrill, Cash App, and Payoneer. These are also good alternatives where you can set up accounts, hold wallets, and manage your payments. But their availability can vary by sportsbook, and so can the minimum deposit limits.
- Skrill
- Neteller
- Revolut
- Cash App
- Payoneer
- PayNearMe
Our main concern with these is that if you, say, use Payoneer at one sportsbook and want to sign up to another, you may have to find an alternative payment method there. Because not all US sportsbooks accept different web wallets – so check availability first before picking a webwallet as your primary deposit account for sports betting.
Deposit Conditions
When making your minimum deposits, you should also think about how it can potentially impact any claimable bonuses, wagering rules and even withdrawal conditions. Because while you may just want to bet $5 and then try the services, you don’t want to:
- Miss out on any deposit-related bonus offers
- Only be able to play 1-2 bets
- Have to go riskier with your bets to be able to cash out
That $5 may be perfectly adequate for staking a parlay bet that you have planned and already noted in your betting budget. But from a wider perspective, if you wanted to claim a bonus, place more bets later, or even when the time comes to think about withdrawals, you may run into a brick wall with just $5 on your account. We aren’t saying you should make a bigger deposit, or make more deposits after that intitial one. Just be alert to any limitations that you may run into.
Minimum Deposit-Friendly Bonuses
Because deposit bonuses and bonus bets have minimum deposit requirements, and they can be higher than the minimum threshold. For example, if you receive a Bet & Get offer that will give you $100 for wagering $10, then you would lose out if you just placed a $5 deposit. If you don’t want the bonus, then that is fine enough. But if you just didn’t know that an extra $5 would have banged $100 in bonus bets, that is a missed opportunity.
There are several types of deposit offers, and knowing how each works (and their deposit requirements) is key to maxing these out. Or, learning which deposit offers to jump on and which ones aren’t really worth your while.
Deposit Match
These are bonuses that match your deposit with bonus funds. You receive your deposit and an extra sum of bonus funds, in proportion to the percentage of the offer, and up to a specified limit. For example, a 100% match up to $100 means that if you deposit $20, you get $20 extra in bonus funds.
These are not so popular for minimum deposit bettors, as they can require a large investment to max out the bonus, especially if you get an offer like 100% up to $1,000.
Classic Bet & Get
The classic Bet & Get offer is a fixed amount of bonus bets that you get for making a qualifying deposit and then placing a bet. The minimum deposit limit may be higher than the sportsbook’s absolute minimum. So instead of $5, you may be required to make a $10 or even $20 deposit.
After, you stake that money into any eligible wager, and when it settles you will get the bonus bets bundle.
Bet and Win
Bet and Win offers require you to place a deposit, make a bet, but you will only get your bonus bets if that wager wins. On the plus side, it creates a win-win scenario for you, but the pressure is on. If you make a bet that loses, then you won’t get your bonus bets.
But like the Bet & Get offers, the entry level is usually nice and low, and the only thing you need to worry about here is minimum odds requirements and picking a bet that will win.
Second Chance/No Sweat Bet
The opposite of the Bet and Win, this offer gives you bonus bets if your first bet loses. You make the qualifying deposit (might be higher than the site’s minimum deposit limit), and then place a qualifying bet. There is no win-win scenario here, so you have to play smartly. The best option is to place a riskier bet that could win the amount of the bonus bets, so you don’t end up regretting a win.
For example, you get a No Sweat Bet offer of Bet $10 to win $100 in bonus bets. Making that first wager, you can aim to hit $100 or just under from that first bet. If it does win, you don’t get your bonus bets but you have the real thing – cashable winnings. Should you lose, you get the $100 in bonus bets, which you can use to stake your next wagers.
Event-Tied Bonus Bets
Then, there are bonus bet offers that are tied to specific games, events or even betting markets. These require you to make a minimum deposit (as specified in the promotional conditions) and place a qualifying wager. Only you don’t have the freedom to bet on any game or market you want. The bet & get offer might be tied to a specific UFC fight, or to futures bets on the NBA playoffs.
It is pretty restrictive, but on the plus side, these bonus bet offers tend to drop often at the biggest US sportsbooks. Especially when a big event crops up.
Betting Terms and Rules
Your minimum deposit may be limited by the betting rules and conditions at a sportsbook. More specifically, the minimum betting stakes. Top US sportsbooks can take bets with extremely low stakes, such as $0.10 or even $0.09. But then there are sportsbooks that require bets to be at least $1 or higher.
Always check this before you go ahead and sign up to a sportsbook, as you don’t want to run into any unpleasant surprises later. If you know that the site has a minimum $1 stake rule, then you can only split a $5 deposit 5-ways, or a $10 deposit 10-ways.
Low Withdrawal Limits
Lastly, but equally importantly, there are withdrawals. The minimum withdrawal limit will ultimately play a part in how you use your money, as you are planning to cash out your returns at some point in the future. Good practise among the best US sportsbooks is to keep these minimum withdrawal limits low or on par with their minimum deposit requirements. So if you deposit $5, then the minimum limit should also be $5.
But in some cases, they may raise the minimum withdrawal limit to $10 or higher. In which case, if you place a spread bet with $5, you are still only getting $9.54 from a win, which is just not enough to cash out at a minimum $10 withdrawal sportsbook. And, for AML purposes, you can’t just top up another $5 to make that $14.54 in total and then cash out. Any money you deposit must be used at least once, this is an anti-money laundering protocol that all licensed US sportsbooks adhere to.
So be sure to check minimum withdrawal limits at different sportsbook, they can range significantly. At some of the top US sportsbooks, like DraftKings, FanDuel and Caesars, the minimum withdrawal limit is actually lower than the minimum deposit. These sportsbooks allow you to cash out as little as $1, making them ideal for bettors who play for smaller stakes.
Wrapping Up Minimum Deposit Betting Sites
Knowing the minimum deposit limits at different sportsbooks is just one aspect of minimum deposit sportsbooks. The others are the related bonuses, betting rules and the minimum withdrawal limits, which all impact how lower stakes bettors use the betting sites. For those reasons, the betting sites we picked here all have lenient conditions to give you full flexibility. We have reviewed many sportsbooks, and found that especially at blacklisted sites you can get minimum deposits of $5-$10, with minimum withdrawals starting from $100 or higher. Or, unfair deposit rollover conditions that would have you play your $5 at least 2x or 3x before you can cash out.
Instead of picking a site with a dubious reputation or dodgy credentials, it is always best to stay with local, US registered sportsbooks. You know exactly what you are signing up for at the likes of DraftKings, FanDuel, Caesars and so on. They have bonuses for players of all bankrolls, and you won’t run into hidden charges or sneaky withdrawal conditions that can potentially ruin the entire experience.
Minimum Deposit vs No Purchase Necessary
And we would be amiss if we didn’t also highlight social sportsbooks, or sweepstakes sportsbooks, on this page. Anyone looking for low stakes action may also be potentially interested in these alternate sports betting products. Instead of making deposits of $5 or $10 at these, you can make sports bets without making any purchase.
They use virtual currencies (fun and promotional) that have no monetary worth, but if you collect enough of the promotional currency you can exchange these for real money prizes. You can, of course, make purchases to top up your balance, but these typically start from as little as $1.99 or thereabouts.
To learn more, check out our social sportsbooks guide, or read one of our reviews of the top social sportsbooks below.
