Best Venmo Betting Sites in the US December 2024

Our Top 5 Venmo Betting Sites Explained

Here are my top picks for Venmo betting sites. These sportsbooks are leading options in the US, where you can easily and quickly make Venmo deposits and withdrawals. You can also explore our full reviews for a more detailed overview of each sportsbook, including the latest sign-up links and promo codes.

1. FanDuel

Best for: Mobile App

FanDuel is America’s favorite sportsbook, thanks to its exceptional mobile app, fast payouts, and enticing promotions. If you’re curious about how it achieved leading market status, explore what FanDuel offers.

Depositing with Venmo is as simple as it can be. FanDuel is renowned for speedy withdrawal times, and Venmo is one of the fastest methods available. Most transactions are completed within 48 hours, in my case, it was so you could have quick access to your funds.

It should be noted that Venmo, as well as PayPal, aren't available in Tennessee and Connecticut.

When you sign up for FanDuel, you can snag $150 in bonus bets. All you have to do is deposit $10 and place a $5 bet on any market. Only if this bet is successful will you receive the bonus, which is one drawback to the promo. What I like about this offer is that you can split the bonus bets in any way you choose; other sportsbooks often issue them in set amounts. They are valid for 7 days.

FanDuel is my favorite sports betting app, offering an unmatched experience. I can effortlessly access my account and place any bets on the move. It is widely considered to be one of the best sportsbook apps, with user ratings of 4.9/5 on the App Store and 4.6/5 on the Google Play Store.

» Have a look at our FanDuel Sportsbook review for more information.

Why Choose FanDuel Sportsbook?

✅ Bet $5, Get $150 in Bonus Bets if Your Bet Wins
✅ Highly-rated mobile app
✅ Live betting

Join FanDuel Sportsbook Today!

2. Caesars Sportsbook

Best for: Loyalty Scheme

A legacy brand in the betting industry, Caesars Sportsbook delivers a top-notch loyalty program on top of excellent sportsbook experience. If you value in-person perks, Caesars Sportsbook is the perfect choice.

It is quick and easy to use Venmo to deposit Caesars Sportsbook. Moreover, Venmo is an excellent choice if you want your winnings quickly. With this payment method, withdrawals are typically processed in less than 24 hours.

New bettors are given a second chance if their first bet results in a loss. You can get up to $1,000 back in bonus bets.

Since the potential bonus is so big, I like this offer when I want to make a large bet right off the bat. Simply register, use the code ‘WSN1000’, and make a minimum deposit of $10. Then, place your first bet, and if it doesn’t win, you’ll receive a bonus bet equal to your stake.

The only drawback of this bonus is that it comes as a single bet, so it can’t be divided into smaller bets. The bonus is added to your account in 48 hours, and you have 14 days to use it.

The welcome bonus also includes 1,000 Caesars Rewards credits.

I’m a big fan of this loyalty scheme, as it uses the Caesars brand to provide fantastic benefits for members. Some of the top rewards include hotel stays, event tickets, shopping vouchers, and restaurant discounts.

» Take a look at our in-depth Caesars Sportsbook review for more information.

Why Choose Caesars Sportsbook?

✅ Bet $1, Double Your Winnings Your Next 10 Bets; Use promo code: WSN1000
✅ Discounts at in-person resorts
✅ Long-standing reputation

Join Caesars Sportsbook Today!

3. BetMGM 

Best for: Promotions

BetMGM, owned by the prestigious MGM Resorts, is a key player in the iGaming world. If you want a truly rewarding betting experience, try out BetMGM. 

Using Venmo on BetMGM is seamless. I easily funded my account with instant deposits, and Venmo withdrawals are fast too. Once your withdrawal request has been approved, you'll get your funds in your bank account within 24 hours.

I've chosen promotions as the highlight of BetMGM because the platform always offers exciting deals. For example, the welcome bonus is a substantial second chance offer. Use the code 'WSNSPORTS' to protect your first bet up to $1,500. You need a minimum deposit of $10, and if your initial bet doesn't win, you'll receive your stake back as bonus bets. Bonuses over $50 are split into five parts, while smaller ones are given as a single bet.

Beyond this, the promotions page is continually refreshed with enticing offers like odds or parlay boosts, prize giveaways, competitions, referral bonuses, and more. If you want in-person rewards, there’s also the MGM Rewards scheme, where you can accumulate credits for every bet you place.

» Take a look at our detailed BetMGM Sportsbook review and learn more.

Why Choose BetMGM Sportsbook?

✅ Get Up to $1,500 in Bonus Bets; Use promo code: WSNSPORTS
✅ Loyalty scheme
✅ Fast Venmo withdrawal 

Join BetMGM Today!

4. Hard Rock Bet Sportsbook

Best for: Competitive Odds

Hard Rock is a recognizable name around the world, and it now offers a stylish online sportsbook. If you want a new and modern option, consider Hard Rock Bet.

Depositing with Venmo is instant, so you can start betting right away. Withdrawing with Venmo for the first time can take 48 hours. Following this, it usually takes under 24 hours for the money to appear in your account.

Hard Rock Bet has got your back for your first bet. If your initial wager falls through, you’ll receive up to $100 in bonus bets. While it’s not the biggest second chance offer out there, I think it’s still a great option for new users to test out and explore what the sportsbook has to offer. To qualify, you have to make a minimum deposit of $10 and place your bet on any market. The bonus bet has to be used within 7 days.

I’ve frequently come across some of the most favorable odds at Hard Rock Bet, maintaining a competitive edge over other sportsbooks. For instance, you can find excellent moneyline odds for the most popular games on the sporting calendar and frequent odds boosts during significant events.

» Delve into our Hard Rock Bet Sportsbook review to find out more about this online sportsbook.

Why Choose Hard Rock Bet Sportsbook?

✅ No Regret First Bet $100
✅ Top customer service
✅ Modern design

5. DraftKings

Best for: Payment Variety

Draftkings is one of the iGaming giants in the US market. It offers a wide range of sports betting options, daily fantasy sports, and casino games. If you’re looking for a modern and varied platform, DraftKings is a great choice.

DraftKings stands out as having the most payment methods from these leading platforms. Venmo is available among these options and is one of the quickest ways to get your hands on your winnings. It can take up to a day for Venmo payouts to be processed, but I’ve found that it only took a couple of hours on several occasions. Deposits with Venmo are also instant, with a minimum requirement of just $5 - the lowest of any of the sportsbooks on my list.

After signing up to DraftKings, you can easily claim their bet $5, Get $250 in bonus bets. All you have to do is deposit $5 and bet $5 on any market and you'll get $150 in bonus bets no matter of the outcome of the bet.

» Check out our comprehensive DraftKings sportsbook review to learn more.

Why Choose DraftKings Sportsbook?

✅ Bet $5, Get $250 in Bonus Bets
✅ Low minimum deposit
✅ Most payment methods

Venmo Betting Sites Compared

Check out how the different Venmo sportsbooks compare below:

What Is Venmo?

Owned by PayPal, Venmo is a digital payment platform primarily known for facilitating instant money transfers. It is particularly popular for allowing users to easily send and receive money from friends or family. However, it is also now frequently being used as a payment method for business services, such as online betting.

For regular payments, users can link their bank account or debit/credit card to fund their Venmo account. But due to Venom policies, you can't use credit and debit cards to fund real money gambling accounts, which means that you can only use bank accounts with Venmo when depositing and withdrawing from sportsbooks and casinos.

Why Choose a Venmo Sportsbook?

Choosing a Venmo Sportsbook has several key advantages.

1. It is the perfect option for those who prioritize fast withdrawals. Payouts can take an average of 24 to 48 hours, making it one of the quickest withdrawal options available.

2. Deposits are almost instant, with funds available within minutes so you can start betting right away.

3. It’s also convenient to use. You can quickly link your existing Venmo account to your sportsbook in just a couple of minutes.

4. Another benefit is that you don’t have to disclose sensitive financial information like your bank or card details. Think of Venmo as a middleman, providing an extra layer of security and discretion. It is also a better option for those who don’t want any betting transactions on their bank statement.

5. In terms of security, Venmo is a reputable company known for its reliability in handling transactions. It uses high security protocols to protect your funds.

How To Deposit & Withdraw With Venmo

Using Venmo for payments at an online sportsbook is quick and seamless. I’ve created a step-by-step guide detailing the process so you can easily see how to use Venmo.

I’ve been using my BetMGM account lately, so I’ve included screenshots to show the steps involved.

Here is my short guide:

1. Choose a Sportsbook

This search can be challenging because it is difficult to find insightful and detailed reviews, and understanding the nuances of all the different sites out there. Fortunately, WSN fills this gap by providing a one-stop site for all your betting information, including in-depth reviews, so that you can easily find the best sportsbook in the US.

In this case, I’m going deep on the top platform for Venmo payments, but we’ve got tons more details in our full reviews. 

2. Log In or Sign Up for an Account

After selecting a sportsbook, log into an existing account or create a new one.

Generally, this process is the same across platforms. You’ll be asked for personal information like your name, date of birth, email, and sometimes your phone number. It is also common to be asked to verify your identity by submitting your SSN, driver’s license, or utility bill.

I like completing these steps early, if possible, as they streamline other processes like withdrawals later on. 

3. Deposit Funds

Before you can start betting, you'll have to load up your account with funds. Simply head to the cashier or deposit section to start this process. If you’re using one of our Venmo recommended sportsbooks, you can use Venmo.

As I already had an account on BetMGM, I simply logged into my account and pressed the deposit button in the top right corner of the page. I was redirected to a page that showed all the available deposit methods, including Venmo. 

If you don’t already have an account, you’ll be directed to a page where you can download the Venmo app to sign up for one. It’ll still be a quick process, as depositing into Venmo from your bank only takes a couple of minutes.

Since I have a Venmo account, I just had to choose the amount I wanted to deposit and verify the transaction in my Venmo app. As soon as it was verified, my deposit was instantly available in my account.

4. Withdraw Your Winnings

Withdrawing with Venmo is similar to depositing, except with the money going the other way, into your Venmo account.

Head to the cashier section again and confirm the amount you wish to withdraw. Most of the time, the sportsbook will require you to make a deposit using Venmo before withdrawing with it. Venmo withdrawals usually take 24 to 48 hours to be processed, depending on your sportsbook and the bank. 

Can I Claim Bonuses Using Venmo?

Absolutely! If Venmo is accepted as a sportsbook payment method, you can use it to claim bonuses. Always make sure to review the terms and conditions to confirm you’re eligible. Although, it is rare for US sportsbooks to disqualify Venmo deposits from promo offers.

Full List of Betting Sites That Accept Venmo

Our full list of all the online sportsbooks that accept Venmo:

• FanDuel

• BetMGM

• Caesars

• DraftKings

• Fanatics

• ESPN BET

• BetRivers

• Betway

• Hard Rock Bet

• Betly

• Tipico

How Does Venmo Compare To Other Payment Methods?

Check out how Venmo stacks up to some of the other sportsbook payment methods below:

Why Should You Trust Us?

At WSN, we don’t just scratch the surface. We aim to establish ourselves as a trusted and in-depth resource for betting information. Our approach to reviewing relies on in-depth testing and immersion of each platform, ensuring that our insights are authentic and reliable. 

As the betting world has developed, so has our expertise. We’ve been a part of this industry for decades, and our extensive knowledge informs every review that we publish. For instance, we’ve assessed the deposit and withdrawal process at over 100 online sportsbooks, so we have the ability to recognize the best platforms for Venmo transactions.

For this review, we explored how Venmo works on various platforms, including signing up, funding accounts with Venmo, placing bets, and making Venmo withdrawals. We wanted to find the top platforms that delivered the most smooth and convenient process using Venmo. Our recommendations are the best of the best for making Venmo payments.