PointsBet Withdrawal Guide 2023

posted by Robert
January 10, 2023

PointsBet NJ Casino is one of the newest online providers in the state, but it has already earned a place among the renowned names in the industry. With an extensive collection of games, including one of the most impressive live dealer selections, PointsBet offers players plenty of chances to win big, and you’ll soon find yourself wanting to cash out your earnings. But how can you actually request a PointsBet withdrawal? Read our comprehensive guide to learn more about the casino and everything you need to know about requesting a PointsBet NJ withdrawal fast, in just a few easy steps.

Table of Contents

PointsBet Casino Promotions

Bonuses, rewards, and promotions are probably some of the most important features when choosing an online casino to play at. That being said, PointsBet NJ doesn’t have any casino promotions available. At the time of writing this guide, as the operator seems to be mostly focused on sports betting. We’re expecting to see a number of offers similar to those in Michigan soon if PointsBet wants to stay competitive among NJ gambling platforms. Until then, this is what you have to know about the PointsBet NJ Casino bonuses:

PointsBet Welcome Bonus

PointsBet doesn’t offer any welcome bonuses or bonus codes for casino players in New Jersey. In Michigan, however, there is a PointsBet deposit bonus that consists of free spins and gives new members a 200% refund on their total losses in the first 72 hours. For this bonus, in particular, there are no turnover requirements that you need to meet to make a PointsBet withdrawal.

However, in most other cases, once you have claimed a bonus, you’ll have to meet the wagering requirements. A wagering requirement is the amount of money (a multiplier of the bonus), that you must wager before you can make a PointsBet NJ withdrawal and cash out your winnings. If PointsBet NJ will offer a welcome bonus in the foreseeable future, it would probably be something similar to the PointsBet Michigan deposit bonus.

Other PointsBet Promotions

Hopefully, PointsBet will soon offer a welcome bonus for casino players in New Jersey as well. In the meantime, if you want to try your luck with some free bets on the PointsBet sportsbook platform, you can do so by creating a Pointsbet account, using the promo code “WELCOME”, and then placing a bet at fixed odds for 5 consecutive days. No opt-in is required for this particular bonus.

How to Make a Withdrawal

PointsBet makes sure that you have quick and easy access to your money, as you will probably want to cash out your winnings right away. Regardless of the PointsBet withdrawal you choose, the process is pretty much the same. Before you can do this, you must be logged into your PointsBet account and go to the Withdraw section on the website. After that, follow these easy steps to request a PointsBet NJ withdrawal:

  • Select your preferred method from the available PointsBet withdrawal options.
  • Enter the amount you want to withdraw.
  • Re-enter your account password to securely finish the PointsBet withdrawal request.
  • Confirm your PointsBet withdrawal.

Necessary Documents

It’s important to note that you can’t make a PointsBet NJ withdrawal if you do not have a verified player account, so make sure to open one first. When creating your PointsBet account, you must verify your identity by providing the last four digits of your Social Security Number (SSN), as required by law. In some cases, additional documents may be necessary in order to verify your PointsBet NJ account, such as your:

  • Government-issued Photo ID (passport or driver’s license)
  • Utility bill issued in the last 3 months
  • Credit card/bank/savings account statement issued in the last 3 months

Later on, depending on the payment method you use to make a PointsBet withdrawal, the casino may request additional documents to verify and process the transaction. This is a usual practice among NJ online casinos. Here are some of the additional documents you may need to provide to complete a PointsBet NJ withdrawal:

  • Account statement
  • Copy of debit/credit card

PointsBet Withdrawal Methods

There is a fair amount of PointsBet withdrawal options available, although to some players the selection might seem a bit limited. Firstly, you can make a PointsBet withdrawal at the cashier of Bally’s Atlantic City Casino or the Meadowlands Racetrack. This is one of the fastest methods, but it can also be inconvenient as you will have to visit the location in person. Nonetheless, although not very large, the online PointsBet withdrawal options selection is sure to make the withdrawal experience as smooth as possible. At the moment, you can use these PointsBet withdrawal methods to cash out your winnings online:

  • PayPal
  • ACH/eCheck
  • Online Bank Transfer

PayPal

PayPal is probably the most common choice for NJ casino players when it comes to withdrawing their winnings. You can make a PointsBet withdrawal conveniently through your personal PayPal account. However, it is important to note that PayPal will only appear as a PointsBet withdrawal option if you have previously used it to make a deposit. If you haven’t deposited with PayPal at PointsBet NJ, you won’t be able to withdraw using this method and it will not appear as an option either. Once you make a deposit at PointsBet Casino using PayPal, you’ll be able to use it as a PointsBet NJ withdrawal option. The minimum PointsBet withdrawal amount with this method is $5. There is no maximum withdrawal amount with PayPal, you can cash out as much as you want using this PointsBet withdrawal method.

ACH/eCheck

By now, most online casino players are probably familiar with the ACH system. It is undoubtedly one of the most secure payment methods available, and you can withdraw much larger amounts than with other PointsBet withdrawal options, without incurring any fees. The main problem with this method is that it might be cumbersome – compared with the user-friendly interface of PayPal, you need to fill out lengthy forms and provide additional documents, such as your driver’s license information, for example. But if you want to withdraw larger amounts, this is definitely the ideal withdrawal method for you. The minimum PointsBet withdrawal amount using ACH/eCheck is $5. The casino has not set a maximum PointsBet NJ withdrawal amount for this method. However, the maximum amount you can cash out depends on the individual limit set for your account by the casino’s ACH/eCheck processor, Global Payments. So, if you’d like to increase your individual limit for this PointsBet withdrawal method, you can contact Global Payments directly at 800-500-1973.

Online Bank Transfer

Online banking using Visa and Mastercard debit/credit cards is one of the safest PointsBet withdrawal methods. PointsBet doesn’t charge any fees for credit card withdrawals, but your bank might charge a transaction fee or even a cash advance fee. It’s also good to know that some banks do not accept transactions with online gambling platforms, so make sure to check with your card issuer before requesting a PointsBet withdrawal using this method.

PointsBet Withdrawal Timeframe

Each PointsBet online casino withdrawal option has certain advantages that are intended to enhance your gambling experience. The time you spend waiting for your winnings to arrive is important, and PointsBet casino online is aware of that. That being said, it is important to know that the withdrawal methods have different withdrawal timeframe. Now, we will go in-depth into the timeframe of these withdrawal methods:

Payment MethodProcess Time
PayPal1-2 business days
Online Bank Transfer1-2 business days
ACH/eCheck 1-2 business days
  • PayPal – PointsBet withdrawal is processed by the casino within 1-2 business days. Once the withdrawal is processed, the money will be in your PayPal account within 30 minutes. You will not receive an email confirmation when you request the withdrawal, but once it is processed by PointsBet, you will receive an email informing you that the money is on its way to your account.
  • Online Bank Transfer – PointsBet withdrawal takes 1-2 business days to process internally. Once processed by PointsBet, it takes an additional 1-3 business days for the funds to be seen in your bank account.
  • ACH/eCheck – The standard withdrawal time is usually 1-2 business days. Once processed by the casino, it takes 1-3 business days for the money to reach your bank account. Similar to PayPal, you won’t receive a confirmation when you make the withdrawal, but after the request is processed by PointsBet, you will receive an email informing you that the funds have been transferred to your account.

How to Withdraw Money on the PointsBet Mobile App

If you like to play on the go, the PointsBet app will fulfill all your online gaming needs. You can download the app from the App Store or Google Play, depending on your device’s operating system. Keep in mind that you must be located in a state where the PointsBet iOS or PointsBet Android apps are available. Find the app in your mobile device’s app store, click install, and wait for the download the complete.

Once you have downloaded the PointsBet Casino app, you will have instant access to all the features of the online casino, no matter where you are. You can either create a new account or log into your existing account to play, place bets, manage your account, make deposits and even withdraw your winnings using your mobile device. That’s right! You can request a PointsBet withdrawal anytime, anywhere, directly from your mobile device. Now you have even easier access to your winnings! Moreover, the mobile PointsBet withdrawal process is very similar to the desktop one, and the PointsBet NJ withdrawal options remain the same – you can use PayPal, ACH/eCheck, and online bank transfer to withdraw your winnings directly from your mobile device.

Safety & Security

PointsBet is 100% legit and takes important steps to protect users’ personal information from misuse, loss, or unauthorized access. The casino is licensed by the New Jersey Division of Gaming Enforcement (NJDGE) and complies with all state laws and regulations. The NJDGE is the state agency that oversees online gambling activities and ensures a fair and safe environment for bettors. Consequently, requesting a PointsBet withdrawal is completely risk-free.

PointsBet Casino values the privacy of its players and uses industry-standard procedures to safeguard their personal and financial information. Since it is a licensed casino platform, you don’t have to worry about the fairness of the games or the transparency of your personal information and how it is stored or used. PointsBet NJ has dedicated a separate page to this topic, Player Protection, where you can find useful tips and resources. In addition, the casino offers you the possibility to use the Strong Authentication feature as an additional security measure to protect your account information. You can activate it on the My Account page and PointsBet will send you a code via SMS every time you log in.

PointsBet Regulatory Taxes

Since gambling winnings are taxable, every gambler must comply with federal laws and report their income to the IRS (Internal Revenue Service). If you generate winnings of more than $600 at odds of 300 to 1 (+30000) or more while gambling at PointsBet, you will receive a special form called W-2G that you must fill out on the casino’s website before you can make the PointsBet withdrawal. You must have placed a bet that meets both of these requirements to receive this form.

If you are eligible to receive the W-2G form, it will be sent to the email address associated with your account, before the end of January each year. If you believe you have a bet that qualified but you have not received the form, you should contact PointsBet via live chat and provide the ticket number of the bet you believe qualifies, so it can be verified. Don’t forget that PointsBet only distributes W-2G forms to those who are eligible, but you are obliged to report your own winnings to the IRS, as every PointsBet withdrawal is taxable.

Responsible Gambling

Playing at PointsBet Casino NJ should be about having fun and enjoying yourself. We always advise our readers to gamble and bet responsibly and seek help as soon as possible if they believe they have developed a gambling addiction or other unhealthy habits. Since PointsBet promotes responsible gambling, the casino’s website has a dedicated page on this topic, as well as several features that allow you to set limits on your activities if you are prone to compulsive gambling. At PointsBet Casino NJ, you can set limits for:

  • The amount of money you deposit into your player account within a certain period
  • Any losses you incur within a specific period
  • The amount of time you spend playing – you can set time-based limits or cool-off periods

Furthermore, through the Account History section of the website, you can easily access your PointsBet withdrawal complete history and information about your deposits. Ultimately, you can even exclude yourself from gambling for a definite or indefinite period. Keep in mind that in case you or someone you know may need immediate assistance, you can always call 1-800-GAMBLER and Gamblers Anonymous at 855 222 5542 or visit 888GAMBLER.org.

Conclusion

Requesting a PointsBet withdrawal is a very simple process that only takes a few minutes. The online casino offers a good range of payment methods for withdrawals, both online and offline. You can choose between PayPal, ACH/eCheck, and online bank transfer, but keep in mind that you must have previously deposited using a certain method in order to use it as a withdrawal option. If you prefer to withdraw your winnings in person, you can do so at the cashier of Bally’s Atlantic City Casino or at the Meadowlands Racetrack.

FAQ

How long does PointsBet withdrawal take?

The PointsBet withdrawal time depends on the payment method you use. All requests (regardless of the method) are processed within 1 to 2 business days. Once the request is processed, PayPal is the fastest PointsBet withdrawal, as you’ll receive the funds within 30 minutes. With online bank transfer and ACH/eCheck, it takes an additional 1-3 business days for the money to reach your account.

Can I change the currency in my PointsBet account?

Because PointsBet Casino operates in the United States, the only currency accepted on the platform for deposits, withdrawals, and bets is the US dollar. Thus, players can’t change the currency in their accounts and can only make a US dollar PointsBet withdrawal.

Can I use different options to deposit and request a withdrawal at PointsBet?

You can only make a PointsBet withdrawal using the same methods you previously used to make a deposit. Some PointsBet payment methods, such as PayNearMe, only allow you to make deposits. In this case, you can withdraw funds using a different PointsBet payment method. This may result in a slightly longer PointsBet withdrawal time.

Can deposit and withdrawal limits be changed at PointsBet?

You have full control over how much you deposit and withdraw at PointsBet. This means you can easily set daily, weekly or monthly limits. You can lower your PointsBet withdrawal and deposit limits in your account settings, and the changes will take effect immediately. If you want to increase the PointsBet NJ withdrawal limits, you will need to contact PointsBet support. These requests can take up to seven days, during which they can either be approved or denied.

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