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If you decide you’d rather leave the funds in your account, you can cancel your withdrawal request. You can do this at any point in the process. Just visit the same page on which you requested the withdrawal; there should be an option to cancel. You can even cancel the withdrawal request after it has been processed. This is true as long as the money hasn’t been “shipped” yet.

Payout Options

When it comes to withdrawal options, you may be required to use the same method as you selected for depositing funds. But there are some cases where that won’t be possible, like where credit cards can be used to deposit money, but cannot be used as a method of withdrawal. In those cases, it’s important to know the advantages and disadvantages of each of the more popular withdrawal methods. This includes cryptocurrency, person-to-person, eWallet, wire transfers, and credit card/debit card.

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In most nations outside of the United States, funds return to the same debit and credit cards used to make a deposit. If it’s an option in your country, it shows as a possible withdrawal method. After processing, the withdrawal occurs in about three business days and doesn’t typically carry a fee. The minimum amount you are required to withdraw is typically pretty low.

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Once a Bitcoin or Litecoin withdrawal request is processed, payment may be transferred to your online wallet in as fast as 15 minutes. Sportsbooks typically won’t charge you for withdrawals using Bitcoin or Litecoin, but with these services, you may have to include a small “miner’s fee” in order to ensure your transaction is processed quickly. Cryptocurrencies have the lowest minimum amount required on withdrawals. However, it’s worth noting that sportsbooks send you the total value of your withdrawal at the time of processing. Cryptocurrencies have highly volatile exchange rates. A $1,000 withdrawal could drop in value to $800 or rise to $1,200 before you recheck your online wallet.


The fees on a Western Union or MoneyGram transfer make this a rather unattractive method for withdrawal. They also have rather high minimum withdrawals (e.g. $100) and low maximums (e.g. $800). But if you’re playing in the United States, it’s one of the few payment options available to you. Just be aware that transactions can get flagged and canceled if you are regularly making deposits and withdrawals to offshore books.


After requests are processed, payments to an eWallet will occur within two days. eWallets carry low minimums on withdrawals and little to no fees for payments. However, withdrawing the money out of a Skrill or Neteller account typically carries a charge with it, so keep that in mind when you sign up for the service.

Gambling was first made legal in Louisiana in 1940, with residents of the state being able to wager on casino games and horse racing ever since, however despite this, sports betting has only been legal for less than a year.

Louisiana Sports Betting FAQs

  • Find out about Legal Sports Betting States

Sports betting has been legal in Louisiana for a number of months now, with Governor John Edwards signing bill SB247 into law in June 2021, with sports betting now finally having launched following LA meeting their proposed launch date of November 1st.

Despite the presence of the Gaming Control Board, sports betting in Louisiana is governed by the Louisiana Lottery, with this being the case ever since sports betting was signed into law earlier this year.

Despite sports betting finally launching in LA in October, those in the Sugar state are not yet able to wager on sports online, however this changes on Friday January 28th with the launch of mobile sports betting.

There are currently a number of retail sportsbooks open in LA, with most of these located in New Orleans, Bossier City or Baton Rouge.

In order to legally bet on sports in the state of Louisiana, users must be at least 21 years of age, with you also needing to be within LA state lines in order to place bets with any sportsbook and withdraw any potential winnings.

Louisiana currently has a wide range of sports available for you to wager on, with these ranging from the likes of soccer, football and baseball to less popular sports such as table tennis and volleyball, as well as everything in between.

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Money management may be the most important discipline needed to be a successful sports bettor. One of the worst things bettors can do is change their unit size based on how well or how poorly they’re doing. When you’re hot, never double down and risk more because you’re overconfident. When you’re cold, never chase and try to win it all back in one fell swoop.

Where to Bet on Sports: Best Legal Sportsbooks

Now that you have a better understanding some mistakes to avoid, where should you be looking to place your wagers? The short answer: The sportsbook with the most advantageous odds, as discussed above.

Luckily, since the U.S. Supreme Court overturned the federal ban on sports betting in May 2018, multiple states have launched robust mobile betting operations. To get a complete rundown on where legal betting stands in your state, check out our complete guide here, but the main states to know for online betting are Colorado, New Jersey, Pennsylvania, Indiana and West Virginia. The sportsbooks highlighted below are all trustworthy legal shops that take mobile bets.

If you would like to read more educational resources on the basics of sports betting, we have you covered:

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