Where to find the payment method section
Log into your DraftKings account and go to the Account menu in the top right corner. Select "Deposit" or "Payment Methods" — the exact label depends on whether you're on desktop or mobile, but both lead to the same place. You'll see a list of any payment methods you've already added, plus a button to add a new one.
On mobile, tap the menu icon (three horizontal lines) at the bottom right, then select "Deposit" or "Account Settings" depending on your app version. The deposit flow will show your existing methods and an option to add another.
Key Takeaways
- You add a payment method through the Account or Deposit menu, and DraftKings will ask you to choose a type — debit card, credit card, bank account, or digital wallet — before entering details.
- Debit and credit cards require your card number, expiration date, and CVV; bank accounts require your routing number, account number, and account holder name.
- DraftKings verifies new bank accounts by sending two small deposits to your account, which you then confirm in the app — this takes one to two business days.
- Once added, a payment method stays on file until you remove it, and you can use any of your saved methods for future deposits without re-entering the information.
What information you need for each payment type
Debit or credit card: Have your card in front of you. You'll enter the 16-digit card number, the expiration date (month and year), and the three-digit CVV on the back. DraftKings will also ask for the cardholder's name and billing zip code. The card processes when ready after you submit.
Bank account (ACH transfer): You'll need your routing number and account number, both printed on the bottom left of a check or available through your bank's website. DraftKings also asks for the account holder's name and the account type (checking or savings). Unlike a card, a bank account requires verification before you can use it.
Digital wallet (Apple Pay, Google Pay, PayPal): If your state allows it, you can link a wallet you've already set up on your phone. DraftKings will prompt you to authenticate through the wallet app, then confirm the linked card or account. This is the fastest route if you've already stored a payment method in your phone's wallet.
How bank account verification works
When you add a bank account, DraftKings doesn't charge you when ready. Instead, the company sends two small deposits (usually under $1 each) to your account within one to two business days. You then log back into DraftKings, go to the payment method section, and enter the exact amounts of those two deposits.
Once you confirm the amounts, your bank account is verified and ready to use. This step exists to prove you own the account and to prevent fraud. You only do this once per account — after verification, you can deposit from that bank account as many times as you want without re-verifying.
If you don't see the deposits after two business days, check your bank's spam or pending transactions folder, or contact your bank to confirm the account is set up to receive transfers. DraftKings customer service can also resend the verification deposits if needed.
State restrictions on payment methods
Not all payment methods are available in every state where DraftKings operates. Some states restrict credit card deposits, while others have limits on bank transfer amounts or don't allow certain digital wallets. When you go to add a payment method, DraftKings will only show you the options available in your state.
If a method you expected to see isn't there, it's blocked by state law, not by DraftKings. You'll need to use one of the available alternatives. Check your state's gaming regulations or contact DraftKings support to understand which methods work where you are.
Removing or updating a saved payment method
To remove a payment method, go to Account or Payment Methods, find the card or account you want to delete, and select the remove or delete option. DraftKings will ask you to confirm. Once removed, you can't use it for deposits, but you can add it again later if you change your mind.
To update information — like a new expiration date on a card — you'll usually need to remove the old card and add the new one. DraftKings doesn't let you edit card details directly. For bank accounts, the routing and account numbers rarely change, so updates are uncommon unless you switch banks.
Troubleshooting common issues when adding a payment method
Card is declined: This usually means the card number, expiration date, or CVV didn't match what your bank has on file. Double-check each digit. If it still fails, your bank may have blocked the transaction — contact them to confirm DraftKings is allowed. Some banks flag gaming transactions as suspicious.
Bank account won't verify: Make sure you entered the routing number and account number exactly as they appear on your check or in your bank's system. A single digit wrong will cause verification to fail. If you're certain the numbers are correct, wait the full two business days for the verification deposits to arrive, then try again.
Payment method won't show up after adding it: Refresh the app or log out and back in. If it still doesn't appear, the method may not be compatible with your state. Check DraftKings' list of available methods for your location, or contact support with the payment type you tried to add.
Frequently Asked Questions
Can I use someone else's payment method to deposit?
No. DraftKings requires that the name on the payment method matches the name on your account. If you try to use a card or bank account in someone else's name, the deposit will be declined or reversed. Your account and payment method must be in the same person's name.
How long does it take for a deposit to show up after I add a payment method?
Debit and credit cards are when ready — the money appears in your DraftKings account when ready after you submit. Bank accounts (ACH) take one to three business days. Digital wallets are when ready. Bank account verification itself takes one to two business days before you can use the account for the first time.
What if I add a payment method but don't use it right away?
It stays on file indefinitely until you remove it. You can add a payment method and use it weeks or months later without re-entering the information. The only exception is if your card expires or your bank closes the account — in those cases, you'll need to update or remove the method.
Can I add the same card to multiple DraftKings accounts?
No. DraftKings links each payment method to a single account. If you try to add the same card to a different account, it will be declined. Each account needs its own separate payment methods, even if they're in the same person's name.
Is it safe to store my payment method on DraftKings?
DraftKings uses encryption and security standards required by payment processors and state gaming regulators. Your card number and bank details are stored securely. That said, you can remove any payment method at any time if you don't want it on file, and you can add a new one each time you want to deposit instead of saving it.