Best Venmo Betting Sites - Sportsbooks That Accept Venmo
Last updated October 25, 2024
Venmo, a popular peer-to-peer payment app, has emerged as a preferred option among bettors due to its ease of use and widespread acceptance. Today, numerous top-tier sportsbooks accept Venmo for deposits and withdrawals, making it easier for sports bettors to manage their funds.
In this guide, we highlight the best sportsbooks that accept Venmo. We'll explore the advantages and potential drawbacks of using Venmo for sports betting and key factors to consider when selecting a Venmo-friendly sportsbook.
Top Betting Sites for Venmo Deposits & Withdrawals
Your sports betting options may be slightly limited if Venmo is your preferred form of payment. However, plenty of fantastic online sportsbooks in the US still allow Venmo deposits and withdrawals. A few of the top options that deserve your consideration are shown in the chart below.
| Sportsbook | Minimum Deposit Amount | Payout Time | Best Features and Qualities |
| $5 | Within 2 Days |
|
 | $10 | Within 2 Days |
|
 | $10 | Up to 5 Days |
|
 | $10 | Within 2 Days |
|
Choosing a Venmo Sportsbook
Choosing the Venmo Sportsbook that works best for you can be a daunting task. There are so many important factors to take into consideration when making your decision. A few of the features and qualities that you may want to look for in a sports betting platform are listed below.
- Availability: One of the most important factors to consider before signing up with a sportsbook is its availability. You will always want to make sure the betting site is currently live in your state or jurisdiction.
- Reputation: You will also want to choose a sportsbook that has a reputation for being fair, offering payouts in a timely manner, and protecting its customers' private information. You may choose to read reviews from current or past customers to get an idea of what you can expect.
- Bonuses and Promotions: Daily and weekly promotional deals can greatly improve one's overall betting experience. You may want to choose a betting site that has a generous welcome offer, frequent odds boosts, and other exciting bonus opportunities.
- Customer Service: It is very important that your sportsbook has a helpful customer support team that is available 24 hours a day, seven days a week to help you get your problems resolved, questions answered, and concerns addressed.
- Mobile App User Experience: Most online sportsbooks offer their customers a mobile app for both Apple and Android devices. You will want to make sure the mobile app is reliable, meaning it is not prone to crash or buffer, and user-friendly.
- Odd Competitiveness: Lastly, you will want to find a sportsbook that offers some of the most competitive odds on the market. Placing a bet at -110 instead of -115 may not seem like a big deal, but it could be the difference between being profitable and losing money in the long run.
Pros & Cons of Venmo Sports Betting
There are many advantages to choosing Venmo as your preferred form of payment. However, there are also a few disadvantages worth mentioning. The pros and cons of Venmo sports betting are outlined in the table below.
- Immediate Deposits
- Convenient and Easy To Use
- Speedy Payouts
- No Additional Fees or Extra Charges
- Safe and Secure Payment Option
- Limited Availability Among U.S. Sportsbooks
- Lower Maximum Deposit and Withdrawal Amounts
Using Venmo for deposits and withdrawals at your online sportsbook is highly beneficial. Venmo credits your account instantly, allowing you to start betting right away. It's also easy and convenient for both sports betting and other online payments with friends.
Venmo is safe and reliable, protecting your personal information and funds during transactions. You typically avoid extra fees associated with other banking options, and Venmo offers some of the fastest withdrawal times. The main drawbacks are its limited availability at major U.S. sportsbooks and lower maximum deposit and withdrawal limits.
Other Payment Method Betting Guides
How To Start Betting With Venmo
You can fund your sports betting account with Venmo and start placing wagers on all your favorite sports and teams today! Just follow the steps provided below.
You will first want to sign up for an account with Venmo. Download the Venmo mobile app, enter all your personal information, verify your identity, and link your bank account (or debit/credit card) to complete the registration process. If you already have a Venmo account, you may skip this step.
The next step requires you to choose an online sportsbook that allows Venmo transactions and also fits your personal preferences and sports betting needs.
Once you have selected your sports betting platform, create an account on the sportsbook's website or mobile app. Enter all required information in the boxes provided and verify your account. You may also choose to enter a promo code to claim the platform's welcome offer to new customers.
Click the “Deposit” or “Add Funds” option to make your first Venmo deposit. You will need to select “Venmo” from the list of payment methods, enter the amount you would like to add to your account, and sign in to your Venmo account to confirm the transaction.
Your deposited funds will be credited to your account immediately, and you will be able to start placing wagers on any of the betting options provide by your sportsbook.
When you are ready to withdraw funds from your account, select the “Cash Out” or “Withdraw” option. Choose “Venmo” as your preferred withdrawal method and enter the amount you wish to remove from your account. Payout times differ depending on the sportsbook, but you will like receive your funds within 2-3 business days.
FAQ
What sportsbooks accept Venmo?
DraftKings, FanDuel, BetMGM, and several other online sportsbooks accept Venmo as a valid form of payment. However, many other high-quality sports betting platforms are expected to allow Venmo transactions in the near future.
Is Venmo a safe option for sports betting?
Yes, Venmo is one of the safest ways to add and remove funds from your online sports betting account. When you make Venmo transactions using any of the sportsbooks mentioned in this guide, your personal and banking information will always be well-protected and secure.
Is PayPal or Venmo better for online betting?
Venmo and PayPal are two of the most popular digital payment platforms in the United States and beyond. They are easy to use, allow for immediate deposits to your betting accounts, and provide relatively fast payout times. The only major difference between the two options is that PayPal is currently available on a greater number of online sportsbooks in the U.S.
