It’s illegal for U.S. businesses — including banks, check cashing stores, and grocery stores — to cash or deposit a Bovada check. So how can you get your payout? Bovada also offers Bitcoin withdrawals. This option may take a few more steps — but arguably less time — and it’s a lawful way to get your money.
How to Request Your Payout from Bovada
Bovada, an online gambling site that lets you bet on casino games, sports, poker, and/or horses, has two payout methods — check by courier and Bitcoin. If you want to get a payout from Bovada, you’ll first need to log in to your account. After that, you’ll need to click “Withdraw” and select your method of payment — either check by courier or Bitcoin. Then, select the amount you wish to withdraw and click “Request Withdrawal.”
After you’ve requested your withdrawal, it typically takes 24 to 48 hours for the request to be approved, and only one withdrawal request can be made at a time. You can make one withdrawal request every 90 days for free; additional withdrawals in the same period are $100 per request.
Check by Courier from Bovada
Check by courier is exactly what it sounds like — a check that’s delivered by a courier. It’s also Bovada’s preferred method of payment. If you select this option, a check will be delivered to your door via a courier service, and you’ll be required to sign that you received it. However, there are a few things you should know before choosing this option.
First, it takes an average of 10 to 15 days to process a check by courier request, and the minimum withdrawal amount is $100; the maximum withdrawal amount is $3,000. If you want to withdraw more than this amount, you can, but Bovada won’t send the payment all at once. Bovada will send one check every seven days in $3,000 increments until the requested amount is met. You’ll also be required to pay a $100 fee for each of the separate checks.
Second, and perhaps more importantly, the Unlawful Internet Gambling Enforcement Act of 2006 makes it illegal for banks, grocery stores, check cashing stores, and other businesses to knowingly deposit or cash checks from online gambling sites like Bovada.
Bitcoin from Bovada
For legal purposes, your best bet may be to request a Bitcoin withdrawal. The minimum withdrawal amount is $10, and the maximum withdrawal amount is $9,500. To request a Bitcoin withdrawal, you’ll need to log in to your account and click “Withdraw.” Choose “Bitcoin” from the drop-down menu, and enter your personal Bitcoin wallet address, your mother’s maiden name, and how much you want to withdraw. Finally, you’ll need to agree to the disclaimer and click “Request Withdrawal.”
You can expect to receive your payment in as little as 15 minutes. Then, you can use an exchange like Coinbase to sell your Bitcoin. Keep in mind that you’ll first need to set up an exchange account to do this. Click here to set up an exchange account with Coinbase.
If you want to get a payout from Bovada, there are two methods available — check by courier and Bitcoin. Either method requires you to log in to your account, request a withdrawal, and wait up to 48 hours for the withdrawal to be approved. Due to the Unlawful Internet Gambling Act of 2006, banks, grocery stores, check cashing stores, and other businesses cannot knowingly deposit or cash a check from a gambling site. Because of this, requesting a Bitcoin withdrawal is your best course of action.