PayPal offers a smooth way to deposit money into a sports betting account and withdraw winnings. While the number of sites that accept PayPal will certainly increase, right now that number is limited. Even more important is the state that where you are trying to place a bet.
Residents and visitors to New Jersey and Nevada can use PayPal on most sites. There are also sites that accept PayPal operating in Pennsylvania, Indiana and West Virginia. UniBet, Bet365 and BetWay are three specific sites that now accept PayPal in the states they offer betting.