Best Venmo Betting Sites 2024

List of the best Venmo Betting Sites for 2024

Top 5 Venmo Betting Sites Of 2024

Bettors have several sportsbooks that accept Venmo available in 2024, with more platforms expected to provide the burgeoning payment method as it gets more popular. Choosing the right sports betting site is crucial, something our experts are perfectly placed to help you with. After extensive research, testing, and deliberation, we’ve found the following five operators to offer the best service: 

1. BetMGM

BetMGM sportsbook is the leading Venmo betting platform for several high-profile reasons. The iconic Las Vegas brand offers extremely fast Venmo withdrawals, with payments generally made within 24 hours. During our extensive testing process, we typically received Venmo withdrawals in a few hours – the fastest overall withdrawal times for this specific payment method across the industry. BetMGM also has wide deposit and payout limits, with withdrawals hitting up to $100,000 for VIP bettors. 

But it’s not just the flexible and speedy withdrawals making BetMGM one of the best Venmo betting sites. The operator also has a streamlined and easy-to-use interface, with the cashier clearly signposting the deposit and withdrawal processes. Choose the Venmo deposit option from the dropdown list to get started. 

As for withdrawals, remember that BetMGM only allows Venmo withdrawals if you’ve used the digital wallet to fund your sports betting account within the previous six months. 

BetMGM also excels in various other areas. The streamlined and intuitive user interface isn’t solely reserved to the Venmo payments section. Bettors enjoy a clean aesthetic with convenient menus and search filters. Additional unique features include the Select Your Squad tool, helping NFL and NBA fans keep track of their favorite franchises with personalized offers and the latest developments. 

BetMGM Up To $1,500 in Bonus Bets Welcome Bonus 

BetMGM is also one of the most generous Venmo sportsbooks regarding welcome bonuses and ongoing promotions. New customers can currently access the BetMGM promo up to $1,500 in bonus bets if their first wager loses. These are valid for seven days and are awarded as five bonus bets, each equal to 20% of the overall first wager amount. 

Learn More: BetMGM Review 

2. Fanduel

FanDuel Sportsbook tops the US sports betting rankings for overall market share – unsurprising considering the Venmo sports betting platform’s numerous high-profile selling points. We’re massive fans of the cashier section, which is arguably the easiest to use across the industry (although all the Venmo sportsbooks mentioned here have relatively infallible designs). The deposit/withdrawal options are clearly cataloged, with Venmo conveniently topping the list. 

Despite having slightly slower Venmo withdrawals than the best-in-class options like BetMGM and Caesars, FanDuel still promises payment times within 48 hours. The sportsbook also offers something the other major players cannot quite match – the industry’s best mobile app. 

The iOS application has a 4.9 out of 5 rating after almost 1,500,000 reviews, showcasing its brilliance. We particularly loved the Venmo app integration, offering a frictionless way to top up and withdraw via the purpose-built mobile apps. 

FanDuel is also renowned for its superb range of betting odds, going into more comprehensive detail than all other platforms other than DraftKings. This is particularly evident with the NFL, where bettors can utilize thousands of markets ranging from conventional moneylines to unique player props. Combine these with the superb same-game parlay builder to feel FanDuel’s full power. Elsewhere, the operator also has various regular ongoing promotions, with regular profit boosts up to 50% for the aforementioned same-game parlays.

FanDuel Bet $5 Get $150 Welcome Bonus 

New bettors creating a FanDuel account for the first time can claim $150 in bonus bets after placing an initial $5 wager. Unlike most other sportsbook promos, the $150 in bonus funds is only triggered if the qualifying wager wins. You won’t receive anything if your first wager loses, which can be frustrating. Consequently, we recommend betting on highly probable scenarios to give you the best chance of claiming the bonus money. 

Learn More: FanDuel Review 

3. DraftKings

DraftKings Sportsbook is another one of the leading sites that accept Venmo. The operator is the second-most popular US sportsbook overall, with many bettors praising the smooth and efficient payment process. Our experts can certainly vouch for this, as DraftKings performs brilliantly regarding payments time and time again. 

The sportsbook is particularly well-suited for mobile bettors, with the entire Venmo payments process optimized for the mobile app and browser. In fact, bettors must deposit using a smartphone first before depositing on a computer – something to bear in mind if you prefer betting on a laptop. 

Like FanDuel, DraftKings lags ever-so-slightly behind Caesars and BetMGM regarding withdrawal times. Payments take up to 48 hours to process and land in your Venmo account, although we never had to wait longer than 24 hours during our tests. Where DraftKings excels, however, is with Venmo incentives. The operator had a Daily Fantasy Sports promotion for Venmo deposits during 2023, and we wouldn't be surprised if the sportsbook replicated this during 2024. 

The versatile, intuitive, and fairly swift Venmo payments at DraftKings is far from the only highlight. We regularly praise the sportsbook for its odd quality, with the operator commonly offering the best prices, particularly on major leagues like the NFL and NBA. Bettors can also access one of the best selections of ongoing promotions. One of our current favorites is the MLB early win promo, promising early payouts on moneyline wagers when your team leads by at least two runs at any point.

DraftKings Bet $5 Get $150 in Bonus Bets 

New customers at DraftKings can claim one of the most straightforward welcome bonuses currently available. Simply deposit and wager a $5 minimum on any market and receive $150 in bonus bets. These are gifted as six $25 bonus bets and expire after seven days. We highly recommend this promotion to online sports betting beginners, as you don’t need to worry about your first wager winning or losing. 

Learn More: DraftKings Review 

4. Caesars

Caesars Sportsbook is regularly touted as one of the best Venmo sports betting sites. The operator is another Las Vegas brand achieving huge success as an online sportsbook, especially after the William Hill acquisition in 2021. The operator can consequently leverage a secure, fast, and streamlined deposit and withdrawal network, harnessing William Hill’s pre-existing payments architecture to guarantee maximum versatility. 

Venmo payments take only a few seconds to process at Caesars, and the overall deposit process is exceptionally quick and easy. Bear in mind that you cannot make Venmo deposits via a linked debit/credit card. As at other platforms, bettors must have a linked bank account to make payments. 

Alternatively, load up your Venmo digital wallet and deposit directly. We prefer this method as it makes budgeting easier and also simplifies the overall process. Caesars offers fast Venmo payouts within 24 hours. During our tests, the average wait was 2-3 hours – slightly longer than BetMGM, but still one of the fastest options on the market. 

Caesars isn’t just one of the best Venmo betting sites. The operator leads the pack with several other characteristics. Our overall favorite selling point is the Caesars Rewards scheme, a flagship feature offering loyal bettors discounted resort stays, restaurant meals, and event tickets. Caesars also has a bountiful array of daily odds boosts, helping you get more bang for your buck on chosen betting markets.  

Caesars Up To $1,000 in Bonus Bets Welcome Bonus

New customers claiming Caesars promo can enjoy up to $1,000 in bonus bets if their first wager fails. This is one of the longest-running first-bet safety net promotions, offering the highest bonus funds amount other than BetMGM. One major thing to consider is that the promotional funds are paid as one singular bonus bet. So, if you wager $1,000 and lose, you’ll receive a singular $1,000 bet token.

Learn More: Caesars Review 

5. ESPN Bet

ESPN Bet is one of the newest sportsbooks available, launching across several states in November 2023 to significant fanfare. Our favorite highlights are the aesthetic design and user interface, two things also making ESPN Bet one of the best sites that accept Venmo. 

The cashier is a dream to navigate, with simple options for deposits and withdrawals. Once through to the payment selection page, just click the Venmo icon to get started. In our experience, the actual deposit process was extremely smooth. We didn’t encounter any glitches or lengthy loading periods. Venmo deposits cleared instantly, allowing for more time betting, and less time waiting around. 

But it’s not just the deposit speed and ease-of-use making ESPN Bet a standout option for Venmo bettors. The operator also advertises instant withdrawals via Venmo. While we cannot verify this to be true 100% of the time, most of our test withdrawals came through in a few seconds. Bettors withdrawing larger amounts should expect to wait a little longer, but it still puts ESPN Bet on par (or better) than the market leaders in this field, BetMGM and Caesars. Another unique highlight is the absence of any limits on maximum deposits or withdrawals – great news for high rollers. 

ESPN Bet has several other key selling points. The user interface is superb across the website and mobile app, not just the cashier section. Bettors also enjoy dozens of daily odds boosts and one of our all-time favorite live betting suites. 

ESPN Bet Up To $1,000 in Bonus Bets & 200% Deposit Match Up To $500 Welcome Bonus

ESPN Bet has one of the most generous welcome bonuses on the market, making quite a splash with up to $1,000 in bonus bets if your first wager loses and a 200% first deposit match up to $500. The bonus bets are paid in five parts equal to 20% of the eligible wager and expire after seven days. 

Learn More: ESPN Bet Review 

Benefits of Using Venmo at Betting Sites in the US

Why select Venmo when depositing or withdrawing at an online sportsbook? The digital wallet is one of the newest options available, so experienced bettors might need convincing. Fortunately, funding your sportsbook account with Venmo has several eye-catching positives, as does withdrawing. Our experts run you through the main benefits below: 

Fast Transactions 

Venmo is one of the fastest deposit methods, with most sportsbooks completing payments instantaneously. This is an immediately significant benefit, allowing bettors to start wagering seconds after they make a payment. 

While most payment methods nowadays generate near-instant deposits, withdrawals can typically take 48 hours or longer. Not so with Venmo, which is also the quickest way to withdraw funds. Our expert tests on the five best Venmo sportsbooks above all resulted in withdrawals dropping within 24 hours, most platforms completed the payout inside 30 minutes – a significant selling point. 

Sports Betting & Gambling Focus 

Venmo enjoys significant popularity across the US for wide-ranging industries and services, so it’s more than just a sports betting payment provider. Nevertheless, many bettors find Venmo is the most dependable option when depositing, with a far smaller possibility of blocked or rejected transactions. 

This is particularly pertinent compared with debit card or bank account deposits, which can be blocked by banking institutions still suspicious of sportsbooks and online casinos. 

Secure & Safe 

Venmo launched in 2009, with more than half a decade’s experience as a digital wallet. PayPal acquired the company in 2013, further increasing its reliability and security. As a result, Venmo is one of the safest and most secure deposit methods, using advanced SSL encryption to safeguard financial information. 

Another key positive for Venmo compared to certain other popular payment methods is the segregation of funds. Bettors can load up their Venmo account without directly linking a bank account, creating a barrier between sportsbook funds and day-to-day finances or savings. As a result, even if your sportsbook account is compromised, your wider financial landscape will be safe. 

Great for Budgeting 

The segregation of funds described above is also fantastic for budgeting purposes. We strongly recommend that bettors set strict budgets before wagering to avoid overspending and encourage more tactical betting. This can be harder to implement with online banking or debit cards, as it’s easier to deposit funds you hadn’t earmarked for gambling. 

However, with Venmo you're bound to only deposit what you have in your digital wallet. This comes with a caveat, though, as bettors can still set a linked bank account. While this can streamline the deposit process, it can also diminish the positive impact on budgeting. 

Simplified Deposits and Withdrawals

Another key benefit for using Venmo for deposits and withdrawals is the simple process. This is particularly advantageous for bettors already using Venmo to pay for other online products or services, reducing the number of passwords and financial accounts to keep track of. 

Other popular payment methods can have more fiddly and complex deposit processes. For example, Paysafecard requires a specific PIN code. This isn’t the case with Venmo, which simply requires a username and password to deposit money or claim a withdrawal. 

Mobile Optimization 

Venmo has a superb mobile app allowing bettors to deposit on-the-go with ease. The digital wallet has a distinctly mobile-centric design, perfect for the modern sportsbook environment where the vast majority of bettors solely use iOS or Android sportsbook applications. 

Not only does the mobile optimization make deposits and withdrawals more streamlined, but it also increases security. For example, bettors can leverage biometric authentication like Face or Touch ID to safeguard payments.

What to Consider when Choosing a Venmo Betting Site

Venmo betting sites are increasingly available nowadays, with several operators offering the digital wallet as a payment method in 2024. Of course, the first thing to verify is whether a platform actually offers Venmo as a payment method. Our experts outline the other main characteristics to consider before choosing a Venmo online sportsbook:  

Deposit and Withdrawal Speeds 

One of Venmo’s leading advantages over other popular payment methods is the fast deposits and withdrawals. While this is the case at most leading sportsbooks, the actual payment timeframes can vary. 

This is a key consideration if you value quick withdrawals. Sportsbooks like BetMGM, ESPN Bet, and Caesars typically have the fastest Venmo withdrawals, each completing payouts within half an hour during our tests. The best way to compare withdrawal speeds before creating a sportsbook account is by assessing the FAQ sections, reading reviews, and looking for previous customer feedback.   

Cashier Interface 

Most sportsbooks won’t allow you to examine the cashier interface without creating an account, but you don’t need to actually make a deposit to see how things work at each platform. A complicated cashier page can make depositing or withdrawing annoyingly difficult, so bear this in mind. 

Ideally, a cashier interface will clearly split deposit or withdrawal options. Leading operators also have easily identifiable thumbnails for each banking option. FanDuel is a great example, with an extremely clear layout and easily identifiable buttons for each withdrawal or deposit method. 

Security 

Security should always be a prominent concern when choosing from betting sites that accept Venmo. Fortunately, state regulators like the New Jersey Division of Gaming Enforcement place huge emphasis on this, only allowing sportsbooks to operate within their jurisdictions if they can offer sophisticated firewalls, SSL encryption, and other verified security features.    

Reading reviews and previous customer stories is the best way to validate whether or not a Venmo betting site has adequate security measures. Most sportsbooks will also have an FAQ category dedicated to explaining how they keep and process financial data. 

Customer Support 

One of the main reasons bettors require customer support at sportsbooks is due to banking problems, so this is a key consideration when choosing an operator that accepts Venmo. Ideally, you’ll be able to contact a real customer support agent via the live chat 24/7. At the very least, there should be a comprehensive FAQ section with clear instructions on how to sort common issues. 

Here’s an expert tip – use the customer support live chat before depositing to ascertain response times and how helpful the agents are. Doing this at a few shortlisted Venmo sportsbooks will reveal the best customer support option. 

Betting Bonus Eligibility 

Be careful with sportsbook betting bonuses, as these promos can sometimes only be eligible for debit card or online banking deposits. This was particularly common a few years ago, but a combination of regulatory changes and customer kickback has changed things for the better. 

Still, we strongly suggest closely examining betting bonus terms and conditions to confirm Venmo deposits are eligible. More broadly speaking, comparing welcome bonuses and ongoing promotions is a great way to ensure you receive the most value from these sportsbook offers, particularly when first creating an account. 

Other Payment Methods 

Despite Venmo’s reliability, there may be occasions where you cannot utilize your first choice deposit or withdrawal method. In these cases, you’ll need a solid selection of alternatives to fall back on. 

As a result, scrutinizing the other available banking options is crucial. Doing so will give you peace of mind that you can use another preferable method as a safety net. 

How to deposit with Venmo at betting sites

Depositing at Venmo betting sites follows a similar process regardless of your chosen sportsbook. We’ll run you through the essential steps below: 

#1: Create a Venmo Account 

If you haven’t already, download the Venmo mobile app and follow the registration steps to create an account. You’ll need to provide a phone number, full name, email address before creating a strong password. Afterwards, Venmo will send a verification email for account validation. 

#2: Choose a Venmo Sportsbook 

Check our best betting sites page to get a broad flavor of the best sportsbooks currently on the market. Afterwards, use our mini-reviews further up the page to get a more targeted idea of the best Venmo sportsbooks. Consider your main preferences and choose a platform that ticks the most boxes. 

#3: Download the App and Create a Betting Account 

Once you’ve chosen a sports betting platform, download the app and follow the steps to create a betting account. These are all fairly self-explanatory, just ensure you have personal information like your Social Security Number at the ready to speed up the process.  

#4: Navigate to the Deposit Page 

Some sportsbooks will automatically direct you to the deposit page after registering. Otherwise, head to the cashier section and choose the deposit option. In most cases, this can be found via the “My Account” shortcut in the top right-hand corner. 

#5: Choose Venmo and Link Your Account 

Select Venmo as a deposit method. A pop-up will appear asking for your Venmo login details. Input these and confirm the deposit request. You’ll then be redirected back to the online sportsbook deposit page. 

#6: Input the Deposit Amount and Confirm 

Input your preferred deposit amount and confirm. 

#7: Wait For Funds to Drop 

Wait a few seconds for the funds to appear in your betting account. Afterwards, you’ll be free to place wagers – ensure you check the welcome bonus terms and conditions to find the minimum qualifying bet amount and any other terms and conditions. 

How to Withdraw Winnings With Venmo at Betting Sites

Withdrawing via Venmo is similarly straightforward, although you must deposit using the same method to avoid problems due to the closed loop fraud and money laundering protection scheme. Follow the steps below to complete a Venmo withdrawal: 

#1: Check Minimum/Maximum Withdrawal Limits 

Before claiming a withdrawal, we highly recommend double-checking the minimum/maximum limits. Most sportsbooks set a $10-$20 minimum, while withdrawals can be capped at around $20,000. 

#2: Head to Withdrawals Page 

Once you’ve ascertained that you’ve got enough funds to claim a payout, head to the cashier page and press the withdrawals button. 

#3: Choose Venmo 

Select Venmo as a withdrawal method. If you’ve only ever used this deposit method, the sportsbook will automatically select Venmo.

#4: Input Withdrawal Amount 

Input your preferred withdrawal amount and press confirm. 

#5: Wait And Check For Funds

Keep an eye on your Venmo account to verify the withdrawal has gone through. We recommend turning on push notifications on the Venmo app to give you an instant confirmation. During our tests, we didn’t have to wait longer than a few hours at most sportsbooks. 

US States Where Venmo Betting is Legal

North Carolina was the most recent jurisdiction to legalize online sports betting, becoming the 30th state to do so. Here is a rundown of some of the most popular legal Venmo betting states:  

New Jersey

The Garden State was pivotal in the formation of the US legal online sports betting industry, taking the fight to the Supreme Court and eventually overturning the Professional and Amateur Sports Protection Act in May 2018. New Jersey betting sites followed a few months after, although Venmo wasn’t available until 2022. 

New York

The Empire State is the fastest-growing US online sports betting state, almost surpassing New Jersey’s $49,816,590,759 all-time betting handle in a little over two years. New York betting sites launched in January 2022, with Venmo availability arriving at the best sportsbooks shortly after. 

Illinois 

The Prairie State legalized online sports betting in June 2019, but residents had to wait until June 2020 for Illinois betting sites to officially launch. Bettors had to make do without Venmo for the first couple of years, with full-scale integration with the likes of DraftKings and FanDuel commencing in 2022.  

Pennsylvania 

The Keystone State was an early sports betting location, with online sportsbooks launching in May 2019. Pennsylvania betting sites didn’t have Venmo availability for the first few years, with residents forced to wait until 2022 for the digital wallet to appear as a deposit and withdrawal method.  

Colorado

Colorado betting sites are some of the most abundant across the US, with over twenty sportsbooks currently operating. The Centennial State officially launched legal online sports betting in May 2020. Like elsewhere, Coloradans had to wait until 2022 for sportsbooks to integrate Venmo for deposits and withdrawals.  

Top Venmo Alternatives at Betting Sites

Venmo still isn’t the most widely available payment method, with several top-quality sportsbooks like bet365 yet to roll out the digital wallet. In these cases, bettors must look for alternatives. Fortunately, there are several other advantageous options available. For example: 

PayPal Betting Sites 

PayPal is an institution across the US, with most residents using the digital wallet for various online purchases. PayPal betting sites can, therefore, offer an even more convenient option than Venmo. Just watch out for potential problems with blocked gambling payments – it’s less common in 2024 but can still happen.  

Paysafecard Betting Sites 

Struggling with budgeting or want your betting funds completely separated from other finances? Paysafecard betting sites are a brilliant option. The prepaid card only lets you deposit a predetermined amount, making it much harder to overspend. Users also benefit from an additional safety layer, as your banking account isn’t connected. However, withdrawals using Paysafecard are unavailable at most places or require a complex process to complete. 

Venmo Betting Sites FAQs