Any DFS site worth its salt makes it seamless for users to deposit and withdraw funds. I recently processed a PrizePicks withdrawal and I am happy to say that the process was super easy.
If you are looking for a simple guide on how to withdraw funds from PrizePicks, I am here to help. Besides the withdrawal process, there are also some playthrough requirements for withdrawals that I will share with you. The minimum withdrawal limit is $10, which is quite standard for the industry.
How to make your funds qualify for a PrizePicks withdrawal?
Every DFS site you will ever play on will have playthrough requirements for withdrawals. What does that mean? It means that if you have a bonus amount from promos like the
Taco Tuesday PrizePicks
or Free Entry, you will need to use it up by playing that amount (sometimes several times over) before it becomes eligible for a withdrawal.
Now, the playthrough requirements differ from one site to another but the ones on PrizePicks are pretty generous in my opinion. To qualify your funds for a PrizePicks withdrawal, you will only have to play it through once. For example, if you deposit $15 and get an additional $15 as promo, you will need to make picks worth at least $30, only ONCE, before you can withdraw any winnings you made from that.
While some of the other DFS sites on the market have 3x and 6x playthrough requirements, PrizePicks is staying true to its motto of offering players the best deals possible. In my experience, a one-time playthrough requirement is very generous and fairly unusual in this industry. Definitely an offer to make the most of.
PrizePicks Withdrawal Methods
| Payment Method |
Available for Deposits |
Available for Withdrawals |
| Bank Transfer |
Yes |
Yes |
| PayPal |
Yes |
Yes |
| Debit Card |
Yes |
Yes |
| Apple Pay |
Yes |
No |
| Credit Card |
Yes |
No |
How to make a PrizePicks withdrawal?
So how long does PrizePicks take to pay out? Well, the PrizePicks withdrawal process took less than a minute for me; that’s how easy it was. If you know what to do, it will be a quick and painless process. This is how it works.
Step 1
In your PrizePicks account, go to settings and then click on View all options.
Step 2
You will see the option to “request withdrawal”, which you have to click on.
Step 3
There’s a space to type in the amount you want to withdraw. The minimum withdrawal amount is $10, meaning you will have to either input $10 or a higher amount for the withdrawal to go through.
Step 4
Click on the payment method you want to use to receive your money. You can choose between Instant Bank Transfer (ACH), PayPal or Card Withdrawals. Finally, hit ‘withdraw’.
That’s it. That’s all you need to do to get your PrizePicks withdrawal done. The time it will take to receive the funds in your bank account will depend on the payment method you choose.
PrizePicks Withdrawal Limits</h2?
| Withdrawal Limit |
Details |
| Minimum Withdrawal Amount |
$10; any smaller request will fail. |
| Withdrawal Frequency |
Only one withdrawal request permitted during a 24-hour time frame. |
| Playthrough Requirement for PrizePicks |
PrizePicks has a 1X playthrough requirement, meaning all deposited funds must be played through once before withdrawal. |
| Time to Approve Payout Request |
24-48 hours |
Pros and Cons of PrizePicks
- Very popular across the US
- Legal in many US states
- Has daily, weekly, and monthly contests
- Customer support can be slow at times
Where is PrizePicks legal?
Side note, always make sure to check the PrizePicks legal states before signing up to play on the site. If you want to know ‘Where is PrizePicks legal?’ check out the table below:
| States where PrizePicks is legal | States where PrizePicks is NOT legal |
| Alaska (AK), Alabama (AL), Arkansas (AR), Arizona (AZ), California (CA), Colorado (CO), Florida (FL), Georgia (GA), Illinois (IL), Indiana (IN), Kansas (KS), Kentucky (KY), Massachusetts (MA), Michigan (MI), Minnesota (MN), Nebraska (NE), New Mexico (NM), North Carolina (NC), North Dakota (ND), New York (NY), Oklahoma (OK), Oregon (OR), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA), Wisconsin (WI), and Wyoming (WY). | Connecticut (CT), Delaware (DE), Hawaii (HI), Idaho (ID), Iowa (IA), Louisiana (LA), Maine (ME), Maryland (MD), Mississippi (MS), Missouri (MO), Montana (MT), Nevada (NV), New Hampshire (NH), New Jersey (NJ), Ohio (OH), Pennsylvania (PA), Tennessee (TN), Washington (WA), and West Virginia (WV). |
Final thoughts
The PrizePicks withdrawal process is super seamless with very generous playthrough requirements. I found the minimum deposit limit of $10 to be quite reasonable. I wish there were more options for withdrawal methods besides bank transfer and card withdrawals, but these are popular methods and most people find them sufficient for their needs. Overall, I am very pleased with my PrizePicks withdrawal experience.
PrizePicks Withdrawal FAQ
? What is the PrizePicks withdrawal play-through requirement?
You only have to play through your bonus amount or deposit once before you can withdraw any winnings made from them.
?? What are the payment methods I can use for PrizePicks withdrawal?
You can use Instant Bank Transfer (ACH) or Card Withdrawals to process PrizePicks withdrawals.
?? Is the PrizePicks site legit?
Yes, PrizePicks is a legit DFS site that has a proper license to operate in the United States.
