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Withdrawals from MyWinners

How to safely cash out your winnings and what to expect.

Rob Lawson avatar
Written by Rob Lawson
Updated over 3 weeks ago

Once you've placed your bets and scored a win, you'll want to withdraw your funds. MyWinners offers multiple state-approved withdrawal methods with secure processing and clear timelines.


Available Withdrawal Methods

Depending on your account settings, location, and deposit method, you can choose from:

  • ACH/E-Check – Direct transfer to your bank account (most common method)

  • Check by Mail – Physical checks sent to your registered address

  • Wire Transfer – Best for larger withdrawals (may involve fees and ID verification)

  • Prepaid Cards – Some site-branded or Visa/Mastercard prepaid cards support withdrawals

  • In-Person at Retail Venue – Available at select Winners locations for verified accounts

  • Venmo – You can withdraw your winnings via Venmo — but only after you’ve made at least one successful deposit using Venmo first.

NOTE: Not all methods may be available in every state or for every account.


Processing Times

  • ACH: 1–3 business days after approval

  • Wire Transfer: 1–2 business days (fees may apply)

  • Check: 5–10 business days depending on mail

  • In-Person Cashouts: Usually same-day, once verified

  • Prepaid Cards: 1–3 business days if eligible

  • Venmo – 1 to 2 business days

NOTE: All withdrawals are subject to an internal review process for fraud prevention, which can add a short delay.


Verification Requirements

Before your first withdrawal, you may be asked to:

  • Confirm your identity (government-issued ID)

  • Complete a W-9 tax form (if cumulative winnings exceed IRS reporting thresholds)

  • Provide proof of bank ownership or address


💡 Did You Know? If you deposited with a credit card, you can’t withdraw back to the card. You'll need to use ACH, a check, or another approved method.


Frequently Asked Questions

What’s the fastest way to withdraw money from MyWinners?

ACH transfers are the quickest for most users, with funds usually landing within 1–3 business days after approval.

Are there fees for withdrawing money from MyWinners?

MyWinners doesn’t charge withdrawal fees, but wire transfers and check requests may incur fees from your bank.

MyWinners doesn’t charge withdrawal fees, but wire transfers and check

requests may incur fees from your bank.

To comply with federal and state regulations, identity verification is required before processing your first payout.

Can I pick up my winnings in person at a Winners retail venue?

Yes, but only at participating locations and for verified users. Limits may apply, and you’ll need ID.

Why is my MyWinners withdrawal still pending?

Withdrawals may be pending due to internal reviews, document checks, or banking holidays. Check your account notifications or contact support.

What's a W-9 tax form?

A W-9 tax form is an IRS withholding form that you may need to complete when betting with us.

You'll typically be asked to fill out a W-9 form in these situations:

  • Before your first withdrawal - if your cumulative winnings exceed IRS reporting thresholds

  • When cashing large winnings at our venues - depending on the amount won

  • When opening an account in person at a Winners location

The W-9 form helps us comply with federal tax reporting requirements and ensures proper documentation of your betting activity for tax purposes.

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