Withdrawing funds from an online casino or sportsbook can be a daunting process if you’ve never done it before. If you want to know how to cash out at Borgata with ease, you’ve come to the right page.
This review of the Borgata withdrawal options is a handy tool to teach you which banking methods you can use to withdraw from your casino/sportsbook account. Explore how to go about the process of cashing out and how long it will take to receive your funds. Our question-and-answer section is crafted to answer the most common queries you might have.
When visiting Borgata’s website for the first time, you may be inclined to think that you can only withdraw funds using six different methods. But upon further investigation into the banking section of the site, you’ll find that there are far more Borgata withdrawal options at your disposal. These are allocated into various forms of payment categories, namely:
There are three different ways to make a Borgata withdrawal to bank accounts. These include:
Normal bank transfer
Instant bank transfer
Each of these comes with its own perks and benefits, but VIP Preferred™ (also known as ACH/eCheck) is becoming more and more popular because of its security protocols. Instant bank transfers are a little quicker and may only take a few hours to process funds.
Scheduling a bank wire transfer is only recommended if you want to withdraw huge sums of cash from the casino, as it can take a few days to process the funds. This way, you can withdraw massive jackpots of up to $2 million at a time.
E-wallets are safe third-party digital wallets that act as the middleman between your bank and the casino’s bank. They allow for instant deposit and speedy withdrawal timeframes. The preferred methods among Americans are PayPal and Play+ because of their security protocols. However, Venmo, Skrill, and Neteller are further options you can consider. All are app-based and can be used from your phone.
E-wallets can be topped up using your bank account, credit cards, and other e-wallets. You can transfer your withdrawal to your bank account for a small fee.
The only card option that allows for withdrawals in the United States is a Visa debit card. While card withdrawal options usually involve a long processing time, you can activate Visa Faster Funds on your account. This way, funds can be released in a matter of hours. This is the solution with the quickest Borgata withdrawal time.
It may seem archaic to some, but Borgata will endeavor to allow withdrawals via a paper check. It will need to be mailed to you, so you could end up waiting one to two weeks before you can deposit it. Then the clearance times once deposited delay the process further.
Cash at cage
One of the Borgata withdrawal options does include cashing out at the land-based cashier’s cage at Borgata Casino. Simply go to your app and request a withdrawal via the cage. The funds should be processed within 15 minutes. You will then need to take the voucher ID it supplies you with to collect your money at the casino. You can exchange it for cash, chips, or a check.
Borgata withdrawal time – a summarized breakdown
Once a withdrawal request is made, the Borgata withdrawal time can be between 24 and 48 hours for the casino and sportsbook to process the funds. The terms and conditions allow for up to five working days in extreme instances. Once the funds are released on Borgata’s end, you may experience a delay based on the type of payment solution you are using for the cash out. These delays are broken down as follows:
Bank wire: 3 to 4 days
Online banking: 24 hours
VIP Preferred/ACH: 3 to 7 days
PayPal: 24 hours
Neteller: 2 to 6 hours
Skrill: 24 hours
Venmo: 24 hours
Play+: 24 hours
Visa (Faster Funds): 5 hours
Check by mail: 7 to 20 business days
Borgata cage: 15 minutes
In certain instances, the Borgata withdrawal time could be a lot quicker. The casino/sportsbook has used a worst-case scenario in each option above. For the fastest transactions we recommend either using your Visa debit card or an e-wallet.
How to make a withdrawal
Let’s hope you’ve been lucky enough using your Borgata sportsbook promo code to win a few bucks! Next you want to get to your funds. Making a withdrawal from the Borgata online site is an easy affair and can be completed in a few simple steps. Following our tutorial will save you valuable Borgata withdrawal time:
Sign into your account on the Borgata online site
Head to the cashier/banking tab
Select to make a withdrawal
Select your payment option from the list of Borgata withdrawal options
Wait 24 to 48 hours for funds to be processed by the operator
You will receive a confirmation of the payment process once it is complete. You may be required to verify your ID if you are making your first withdrawal or haven’t withdrawn in a long time.
KYC verification measures on withdrawals
US regulation is strict when it comes to averting fraud. As such, all players withdrawing funds from a licensed casino or sportsbook will have to verify their ID and address before the operator can pay them out. As such, you may have to send the operator some of the following things:
Proof of identity (passport or driver’s license)
Satisfactory proof of address (utility bill or bank statement)
In rare instances, you may need to send through a copy of the debit card you have used to deposit with. Please blank out the middle 8 digits and the 3 CVV digits at the back of the card before sending it through.
If you fail to verify your account successfully, it could result in forfeiture of funds and closure of your account. Thankfully, KYC (know your customer) is usually a once-off process. However, it can take a few days to complete properly.
5 frequently asked questions about the Borgata withdrawal options?
Can I withdraw funds from my bonus?
It’s important to realize that if you have any of your own real money invested at the operator, you can withdraw it. However, if you have an outstanding wagering requirement on a bonus, you will forfeit the bonus funds and any wins that might be associated with it.
Can I reverse a withdrawal request?
You may be able to reverse a withdrawal if it is still pending and has not been processed. Simply head to the cashier’s page and click on the transaction you would like to halt. You can either cancel the whole transaction or part of the funds.
What fees are incurred for making a withdrawal?
Borgata does not charge fees for withdrawals. However, you may incur banking costs from your payment provider, especially via bank transfer.
What are the minimum and maximum withdrawals allowed at Borgata?
The minimum Borgata withdrawal limit is $10 on most payment options and $1000 on a wire transfer. The maximum withdrawal is also limited to your account status and the Borgata withdrawal options. The operator will allow withdrawals of up to $2 million in some cases.
Will I need to pay taxes on my Borgata withdrawals?
It is most likely that you may have to pay taxes on your winnings on both a state and federal level. We recommend that you learn more about the tax laws regarding gambling in your state.
Our conclusion of the Borgata withdrawal options
Borgata not only offers superb promotions, Borgata free bets, and a great user experience, but it has one of the best selections of withdrawal methods in the US too. Each one caters perfectly to US dollar withdrawals and boasts PCI-approved security protocols, which should leave you with peace of mind.
A 24 to 48 hour processing time is quite standard among US casinos and sportsbooks. Be sure to choose the best Borgata withdrawal methods to fit your lifestyle and investigate whether they transact within acceptable timeframes.
Borgata withdrawal options FAQs
💳 How many Borgata withdrawal options are available to American players?
US casinos do not lack when it comes to providing sportsbook promotions, nor when it comes to offering banking solutions for their customers. We advise that you visit our operator reviews and withdrawal pages to find out the selection of payment options available.
🔒 Is it safe for me to give Borgata my banking details?
PromoGuy prides itself on the fact that we only support legitimate US-licensed online casinos. Be sure to explore our operator reviews to find out what sort of security is in place to secure your data when you use the site online.
🏆 Which are the best Borgata withdrawal options?
Players have so many different preferences. It’s difficult to isolate the best overall withdrawal option to meet everyone’s needs. We suggest that you use our withdrawal review guides to help you pinpoint the solution that is sure to work best for you.
🕐 What is the Borgata withdrawal time from start to finish?
There are several factors that dictate how long the withdrawal procedure can take at Borgata or any other casino and sportsbook. We advise that you scour our withdrawal review pages, like this one, to find the answers you need about payment options and KYC delays.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.