Banking At Michigan Online Gambling Sites — Guide To Safe, Fast Deposits & Withdrawals

Legal sports betting, casinos, and poker are coming to the Great Lakes State! As a result, anyone 21 years of age or older and located within Michigan’s borders will soon be able to place online wagers safely and securely.

Given that making fast deposits and withdrawals is one of the crucial aspects of any good online betting experience, prospective players are understandably eager to find out more about the banking options they will have at their disposal. In this guide, we’ll explore all the potential banking options you can expect, to help you decide which is the best fit for you.

Michigan Online Gambling Deposit Options

According to some estimates, we can expect online sports betting to launch as early as the fourth quarter of 2020. Online casinos should follow in Q1-Q2 of 2021, and online poker awhile later (late 2021, or possibly 2022).

And while we won’t know the exact banking options that will be available until the industry launches, we can make a pretty good guess based on what is available in other legal states.

Bank Transfers

A very common payment option that you will see at the majority of legal online betting sites is a bank transfer. For this reason, we can count on bank transfers becoming available in the state of Michigan as well.

Essentially, a bank transfer involves transferring funds from your bank account into the gaming site operator account. This money then shows up inside your gambling account account and is available to you for gaming play. There are several ways to do this:

  • ACH/eCheck: This is probably the most frequently used online payment method when it comes to bank transfers. An electronic check allows you to make an online withdrawal from one account and then transfer it over the ACH network and deposit into another one. For this reason, it is ideal for all players who have online checking accounts. The option is extremely fast, and allows players to deposit and withdraw almost instantly. VIP Preferred is a type of ACH option which is very popular, and utilized by many online players who have opened accounts at legal U.S. casinos and sportsbooks.
  • Online Bill Pay: Online bill pay is a safe digital banking service that enables you to make payments without having to write checks or mail them. You can make single or recurring electronic payments, most commonly from your checking account. This works just like it would if you were paying the heating bill with your online bank account bill pay feature.
  • Bank wire: Another handy, but slow option is a wire transfer. It enables you to transfer funds electronically across a network of transfer agencies or banks. Deposit limits are usually much higher with this method, but the process is nowhere near as seamless as an ACH transaction.

Credit & Debit Cards

When detailing convenient payment methods, we can’t leave out credit and debit cards. These are probably one of the first choices for deposits among U.S. online bettors.

  • Visa/MasterCard: The most accepted cards are Visa and MasterCard, so expect most online casino and sportsbooks to support them. Sometimes you will come across operators which accept Discover or American Express as well, but its a more rare occurrence.
  • Prepaid cards: Prepaid cards are also another option available for deposits/withdrawals at most online casinos and sportsbooks. One popular choice is a Play+ card that you can sign up for at various licensed casinos. A great benefit to using a prepaid card is that you can fund it using either your checking account or your debit/credit card, and you can also make withdrawals to it. Sometimes credit card deposits are rejected when attempted directly, however, with the Play+ card, you can simply sign up for an online account, then use the same credit card to deposit to the card. You can then deposit that money straight into the gambling site. 


eWallets, or digital wallets, are online prepaid accounts that you can use to store your banking information and make safe and secure online transactions using your smartphone or computer. You can either deposit funds directly into your eWallet or connect it to your bank account.


PayPal is the most well-known digital wallet globally, and it will likely be one of the choices available to Michigan online bettors. You can fund a PayPal account in several ways, and given that it’s a secure and swift method, it’s no wonder so many players opt for using it.

You should keep in mind that the email you have connected with your PayPal account may need to match the one you will be using for your online sportsbook or casino account.


If you are looking for a PayPal alternative, you can consider Skrill. This e-wallet service is another safe online payment method that you can use to deposit into your online casino or sportsbook account. The majority of online brands operating in other U.S. states that have regulated online gambling accept this deposit method, so we expect Skrill to make an appearance in Michigan as well.

Cash deposits

If you are apprehensive about making internet deposits and you’d prefer not to have your banking info online, we’ve got great news for you — you have the option of making deposits in cash, either using the PayNearMe service or by visiting the land based partner of your preferred online casino.


PayNearMe enables you to make deposits at selected retail stores such as CVS, Family Dollar, or 7-Eleven. This is very convenient, as these stores are regularly found throughout Michigan, so you won’t have to travel far to make your deposit if you opt for this method. Additionally, you do not need a bank card or a bank account to make the deposit.

All you have to do to set up a PayNearMe deposit is initiate it online through the casino/sportsbook, then go to a participating retail store and provide either a printed authorization code or the code you received on your mobile device. Then, the cash you deposited in person will be made available as digital funds.

In-person banking with Michigan retail casinos

Another very handy option for all those players who happen to be nearby to a brick and mortar casino is to make a deposit or withdrawal directly at the casino cage. This is a great and simple solution for locals who live near one of the casinos that have partnered with an online gaming company, or tourists vising the casino from out of town. 

For your convenience, we have compiled a list that contains all the land-based establishments where you will likely be able to make transactions at the casino cage. You can also find the location and the telephone number of these casinos, as well as the names of their online partners.

CasinoOnline PartnerAddressPhone
Bay Mills Resort & CasinoDraftKings11386 W Lakeshore Dr.
Brimley, MI 49715
Greektown Casino-HotelPenn National (Barstool projected)555 E Lafayette St.
Detroit, MI 48226
Leelanau Sands CasinoWilliam Hill2521 N West Bay Shore Peshawbestown, MI 49628231-534-8100
MGM GrandBetMGM1777 3rd Ave
Detroit, MI 48226
MotorCity Casino HotelFanDuel2901 Grand River Ave
Detroit, MI 48201
Northern Waters Casino ResortPointsBetN5384 US-45
Watersmeet, MI 49969
Odawa Casino ResortsFOX Bet1760 Lears Rd
Petoskey ,MI 49770
Soaring Eagle Casino & ResortsPointsBet6800 Soaring Eagle Blvd
Mt Pleasant, MI 48858
Turtle Creek Casino and HotelWilliam Hill7741 M-72, Williamsburg,
MI 49690

Other methods

We believe that in addition to these popular, common deposit options, there will also be some alternatives. Paper checks could be used for funding betting accounts, but we feel they will most likely only be available for withdrawals. However, there is a possibility that they will be an option for limited deposits when online casinos and sportsbooks launch.

Michigan sportsbook/casino app withdrawal options

Generally, when withdrawing funds from online betting platforms, bettors have fewer banking methods at their disposal. However, this does not imply that you won’t have good choices. We suspect that the following methods will be available for withdrawal:

  • eChecks (ACH)
  • PayPal and Skrill
  • Prepaid Play+ Cards
  • Cash at the Casino Cage
  • Paper Checks

We won’t go into a lot of details about these methods as we have already discussed them above. However, we’d like to address a couple of points.

First, you should know that online brands often require you to make a withdrawal using the same method you used for depositing. However, some options might be excluded from available withdrawal methods, so it’s best to check with the operator before you initiate any transactions.

Secondly, you will probably need to complete the process of verifying your account before making any withdrawals. You should be able to find more info about this procedure on the brand’s website. Usually, it involves providing proof of identity (photo ID, driver’s license), a utility bill, or a banking statement. A minor hassle for being able to receive your money swiftly and securely.

Benefits of shared wallets

The Great Lakes State is slated to launch online sportsbooks, casinos, poker, and Daily Fantasy Sports (DFS) sites and apps. Knowing that the same brands usually offer multiple products, we are fairly certain that players will be able to utilize the same wallet across different types of betting verticals.

This is very convenient for players, who could easily switch from betting on the Detroit Pistons, to firing up an online casino and playing a few hands of blackjack.

Benefits of banking with a regulated MI online casino or sportsbook

When gambling online inside Michigan, the only way to guarantee that your money is 100% safe and secure is to opt for online operators that are licensed and regulated by the state.

To become licensed, online betting platforms need to obtain a license from the Michigan Gaming Control Board after going through a rigorous audit of their operation. On this website, we only advertise online gaming sites that have been licensed in this way.

The MGCB is the regulatory body responsible for providing control, licensing and regulation of all betting operators in the state, both online and land-based. When it comes to the former, the MGCB stipulates that eligible commercial casinos and Class III tribal casinos can obtain a license if they meet a number of very stringent requirements.

Legal online casinos and sportsbooks must comply with the MGCB’s regulations and offer trusted payment methods only. The companies that provide the banking services themselves need to be licensed as well, meaning that all the transactions you make will be nothing short of safe and secure.

If an online brand holds a license issued by the MGCB, you can be sure that you are not dealing with a questionable off-shore operator. When you deposit with an off-shore brand, on the other hand, and an issue with your funds arises, there is no regulatory body that can help you if something goes wrong.

However, if you encounter any issues with a legal and regulated casino or sportsbook, it will fall under the jurisdiction of the Michigan Gaming Control Board. You can issue a complaint with them, and your grievance will be handled quickly and professionally. It’s worth mentioning that the chances of something nefarious happening with your money at a regulated site to begin with is very small.

Michigan gambling banking FAQ

What's the fastest method for deposit?

The majority of available online deposit options are instant. For example, ACH, PayPal, and credit and debit card deposits are typically processed within minutes. This, of course, depends on the provider in question. Online casinos and sportsbooks typically feature a section dedicated to payment methods with all the relevant info related to processing times, fees, etc.

Are there fees associated with depositing to a Michigan online gaming site?

Online gaming sites themselves typically do not charge any fees for deposits or withdrawals. However, the companies providing these payment services may include one. For this reason, it’s best to look up the payment method section on the gaming site of your choice. You will be able to see whether you should expect any fees related to your payment method there.

Can I do my online gaming banking from a gambling app?

Yes, modern online casino and sportsbook apps are extremely feature rich and allow customers to do nearly anything they can on mobile that they can do on a computer. That means you can make deposits and withdrawals on the go using your smartphone or tablet.

Is my money safe at a Michigan gambling site?

Absolutely. All Michigan online operators need to be licensed and regulated by the state.  Specifically, they need to comply with the state’s regulatory body overseeing gambling activities. All reputable online casinos, sportsbooks, and poker sites are required to ensure the maximum security level when it comes to their customers’ transactions.

These state requirements will help prevent identity theft, bank fraud, and any other issues. On the other hand, off-shore gaming companies operate under no jurisdiction, and can do with your money as they please. Depositing and playing with them is not a sound choice.

My deposit limit is small, is it possible to increase it?

Online gaming sites generally have limitations both when it comes to deposit and withdrawal amounts. These limits are set so that the majority of players can select the option that will suit them best. If you feel that the maximum deposit limit is too low for you, you can try contacting the operator’s customer support team. They will be able to address the issue.

Can I limit or restrict my deposits?

MI betting sites must provide this option as a way to limit problem gambling. All licensed and regulated sites will support responsible gambling measures. As such, they are required to offer their players options for limiting deposits.

Additionally, MI gamblers are expected to have access to voluntary or self-exclusion tools. Bettors can either self-exclude for a designated period of time (e.g. 30 days, one month,  a year, five years, etc.) or for life. Self-exclusion is irrevocable and cannot be rescinded during the stated period of time for any reason.

What is the smallest deposit I can make?

The smallest deposit amount you can make varies from one online brand to another. It typically lands between $5 and $10. Also, first-deposit welcome promotions generally require you to make a slightly bigger deposit, e.g. $20 to $50. However, this is not necessarily the case with all brands. In addition, you might want to deposit a higher amount at the start in order to take advantage of welcome bonus offers which MI casino and sportsbook apps will undoubtedly offer.

Can I deposit and bet from the Upper Peninsula?

Yes, of course. All those located in the Great Lakes State will be able to deposit and play (as long as they meet the overall legal requirements). Even though the Upper and the Lower Peninsula aren’t connected, the Michigan Gaming Control Board laws apply to all regions of Michigan. The same rules related to banking options will apply to all corners of the state.

Is the banking process different at Michigan's commercial and tribal casinos?

No, it isn’t. All sites must operate under the same guidelines issued by the appropriate regulatory bodies. Whether a casino is commercial or tribal, it will need to adhere to the same rules and follow the same processes.