What is Cash Out? (US)

Overview

Cash Out is a feature that gives you the opportunity to close out your active bet before the outcome is decided. This allows you to secure part of your winnings or cut your losses as the odds change in or against your favor.

  • On select sports, Cash Out is available for pre-game, live, future, and parlay bets.
  • The Cash Out amount offered can be for more or less than your original wagered amount, depending on how events unfold following your bet placement. 
  • The Cash Out feature cannot be used on wagers placed with Bonus Bets.

Can I cancel a placed bet?

No, once you have placed your bet and it has been accepted, you cannot cancel it. In some cases, you may be given the opportunity to Cash Out your bet before the market goes live. Alternatively, in some cases, once you have placed your bet and it has been accepted, the Cash Out feature may not be available. For more information regarding the Cash Out feature please review the DraftKings Sportsbook House Rules.

How do I know if my bet is eligible to be cashed out?

  1. Log in to your DraftKings Sportsbook account.
  2. Navigate to your My Bets section.
  3. At the top of your My Bets section, select the Open tab.
  4. Wagers that are eligible to be Cashed Out will be presented with a Yellow Cash Out tab and an amount listed.

How do I Cash Out a bet?

  1. Visit the My Bets section in your account.
  2. At the top of your My Bets page, select the Open tab.
  3. Click the Yellow Cash Out button.
  4. Click the Green Confirm button to finalize your Cash Out for the amount listed.
  5. Once confirmed, the money will be deposited into your account immediately and your Cashed Out wager can be located under the Settled tab in your My Bets section. 

A visual representation of the Cash Out process can be found below.

A visual representation of how to cashout of a Sportsbook wager