You will be happy to find out that you can make use of PayPal to withdraw funds from your PayPal sports betting site as long as the sportsbook in question has PayPal as an accepted method of payment. Withdrawing winnings from a bet will usually come with no fees attached. Once your winnings are in your PayPal account, you can then withdraw it into your bank account. Most payment methods have a small fee for this, but PayPal is not one of those.