Betting Sites That Accept Venmo – December 2024

Venmo has several advantages as a deposit or withdrawal method for sports betting or online casino sites.

For starters, it’s convenient. If you already have a Venmo account, you can easily connect it to your favorite sportsbook within minutes. From there, payments are quick and easy with Venmo, which is mobile-friendly and easy to use on your phone.

Furthermore, it’s dependable. Venmo has a high transaction success rate at gambling sites and sports betting apps. Other payment methods, such as credit/debit cards or bank accounts, can be rejected or flagged as fraudulent. These issues are less common with Venmo.

Third, it’s safe. Venmo is a trustworthy business with a long history of allowing users to make safe and secure transactions. It’s been operational since 2009 and has been owned by PayPal since 2013, which is one of the most reliable payment services out there. With over 80 million users, Venmo has strong security measures to keep your information safe.

Lastly, it’s quick. Venmo deposits usually only take a few seconds to reach your account, allowing you to bet instantly. Withdrawals take a bit longer, but Venmo is still faster than other methods. Users can typically expect Venmo withdrawals to process within 24-48 hours.

Most importantly, Venmo saves you time. You don’t need to manually enter your payment info every time you make a deposit or withdrawal, which is important if you’re trying to live bet before the odds change.

DraftKings Sportsbook is one of the most popular and widely used sportsbook brands in the U.S. It offers a number of payment and withdrawal methods, including Venmo.

Bettors enjoy DraftKings’ Parlay Builder tool, which makes constructing parlays and same-game parlays quick and easy. In addition to sports betting, DraftKings is also one of the most popular DFS options for fantasy players.

DraftKings has daily promotions and a special sign-up bonus for new users. New customers who deposit and bet at least $5 after signing up will earn $200 in bonus bets, regardless of how their first wager turns out.

New users can register for DraftKings via this link. From there, create a new account, deposit $5 and wager $5+ on anything you want with your first bet. Win or lose, you’ll receive $200 in bonus bets.

Category	Description
Offer	Bet $5+, get $150 in bonus bets if first bet wins
Promo Code	N/A
Requirements	New users only, 21+ and in eligible state
Eligible Bet Types	All bet types
Availability	AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, NH, OH, OR, PA, TN, VA, VT, WY, WV
Offer Expires	Jan. 5, 2025 at 11:59 p.m. ET
Apple Store Score	4.8/5
Google Play Store Score	4.5/5
Date Verified	Nov. 26, 2024
Claim Bonus

FanDuel Sportsbook is a favorite among sports bettors thanks to its clean, user-friendly interface. Not surprisingly, such a modern-looking sportsbook also accepts numerous payment and withdrawal methods, including Venmo.

FanDuel is similar to DraftKings in many ways, but one area where they differ is their sign-up bonus. At FanDuel, you can earn $150 in bonus bets if you win your first $5+ wager after registering for a new account and depositing at least $5. 

No promo code is needed.

Category	Description
Offer	Bet $5+, get $150 in Bonus Bets + 3 Free Months of NBA League Pass
Promo Code	N/A
Requirements	New users only, 21+ and in eligible state
Eligible Bet Types	All bet types
Availability	AZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, MD, MI, MA, NJ, NY, NC, OH, PA, TN, VA, VT, WV, WY
Offer Expires	Dec. 17 at 11:59 p.m. ET
Apple Store Score	4.9/5
Google Play Store Score	4.7/5
Date Verified	Nov. 26, 2024
Claim Bonus

A premier name in sports betting, Caesars Sportsbook has a top-tier online sportsbook that features the most odds boosts in the industry, offering dozens of daily boosts on a plethora of sports and games.

Caesars has a wide range of accepted payment and withdrawal methods as well, including Venmo.

In addition to all of its odds boosts, Caesars has a special promotion for new users. If they wager just $1+ after signing up, they’ll automatically get 10 100% profit boosts.

To claim this promotion, new users must use the code FORBES1000 when signing up for Caesars. 

Category	Description
Offer	Bet $1, get 10 $100% profit boosts
Promo Code	FORBES1000
Requirements	New users only, 21+ and in eligible state
Eligible Bet Types	All bet types
Availability	AZ, CO, DC, IA, IL, IN, KS, KY, LA, ME, MD, MA, MI, MS, NV, NJ, NY, NC, OH, PA, PR, TN, VA, WV, WY
Offer Expires	11:59 a.m. local time on Jan. 27, 2025
Apple Store Score	4.7/5
Google Play Store Score	4.3/5
Date Verified	Nov. 25, 2024
Claim Bonus

BetMGM Sportsbook delivers a high-quality experience for sports bettors.

One reason is that it’s easy to deposit and withdraw money at BetMGM, which accepts Venmo.

Another reason is BetMGM’s welcome offer, which refunds new users up to $1,500 in bonus bets if their first wager loses. Use the promo code FORBES when signing up.

This allows you to take a big swing with your first bet, as you’re covered if it doesn’t work out.

Category	Description
Offer	Get up to $1,500 in bonus bets if your first wager loses
Promo Code	FORBES
Requirements	New users only, 21+ and in eligible state
Eligible Bet Types	All bet types
Availability	AZ, CO, DC, IA, IL, IN, KS, KY, LA, MD, MA, MI, MS, NV, NJ, NY, NC, OH, PA, PR, TN, VA, WV, WY
Offer Expires	Feb. 10, 2025
Apple Store Score	4.8/5
Google Play Store Score	4.3/5
Date Verified	Nov. 26, 2024
Claim Bonus

Fanatics Sportsbook merged with PointsBet Sportsbook and is one of the newest sportsbooks on the market, launching in 2023.

Not surprisingly, Fanatics accepts newer payment and deposit methods such as Venmo.

It provides users with daily odds boosts, a smooth interface and a unique welcome offer.

For the first 10 days after signing up, Fanatics will match your first wager every day with a bonus bet up to $100. No promo code is necessary – just opt in and wager at least $5 each day to receive your bonus bet.

Fanatics also has a standout rewards program that gives bettors FanCash with every wager, which can be converted into bonus bets at the sportsbook or merchandise credit at Fanatics’ retail website.

Category	Description
Offer	Get daily $100 no-sweat bet for 10 straight days
Promo Code	N/A
Requirements	New users only, 21+ and in eligible state
Eligible Bet Types	$1+, min. -500 odds
Availability	AZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, MD, MA, MI, NY, NJ, NC, OH, PA, TN, VA, VT, WV, WY
Offer Expires	Dec. 31, 2024 at 11:59 p.m. ET
Apple Store Score	4.8/5
Google Play Store Score	4.4/5
Date Verified	Nov. 26, 2024
Claim Bonus

Similar to other top betting sites, BetRivers will reimburse your first bet if it loses.

Users who register for BetRivers using the promo code SPORTS and deposit at least $10 using Venmo or another payment method will receive a bonus bet if their first wager loses. 

The offer varies by state but ranges between $100 and $500, giving bettors a second chance if their first bet doesn’t work out.

Category	Description
Offer	Get $100-$500 in bonus bets if your first wager loses (depending on state)
Promo Code	SPORTS
Requirements	New users only, 21+ and in eligible state
Eligible Bet Types	Min. -200 odds
Availability	AZ, CO, DE, IA, IL, IN, LA, MD, MI, NJ, NY, OH, PA, VA, WV
Offer Expires	TBD
Apple Store Score	4.8/5
Google Play Store Score	4.7/5
Date Verified	Nov. 26, 2024
Claim Bonus

ESPN BET launched in November 2023 after rebranding from Barstool Sportsbook, making it one of the newest sportsbooks on the market.

Backed by ESPN, this sportsbook provides a modern sports betting experience with exclusive odds boosts, fast load times, competitive odds and frequent promotions. It also has a welcome offer for new customers.

Hard Rock Bet debuted in January 2019 and has expanded to seven states. It has a clean, modern app that’s easy to use along with exclusive daily odds boosts, good market depth and solid promotions.

If you lose your first $10+ wager after signing up, you’ll get a bonus bet for the same amount up to $100. No promo code is required.

Photo Illustration by Nikolas Kokovlis/NurPhoto via Getty Images

Ready to join a sportsbook and make a deposit? Just follow these steps.

We’ve kept it pretty general because some sportsbooks use different terminology for similar actions, e.g., “sign up” or “register.” If you run into any issues while signing up, contact customer service for help.

1: Choose Your App(s)

Select the sportsbook(s) you wish to use. Download the app to your mobile device (most are available for iOS or Android) or go to the desktop website.

2: Create An Account

Register for an account. Follow the prompts and enter the requested information. This will include the following:

• First and last name
• Email address
• Password (this must meet the sportsbook’s security standards)
• Home address
• Phone number
• Date of birth
• Social Security Number (or the last four digits, depending on the sportsbook)

This information will be used to confirm your identity and prevent you from creating multiple accounts at the same sportsbook.

3: Connect Venmo & Deposit

If you’re a new customer, you’ll likely be directed to the deposits page right after signing up. If not, go to the payments page.

Select Venmo as your preferred deposit method and follow the prompts to connect your account to the sportsbook. Usually, the sportsbook will ask you to sign into your Venmo account. Once you do this and the sportsbook links your Venmo account, you’ll be directed back to the deposits page.

Choose the amount you want to add to your account and make your deposit. Remember to check for a bonus or promotional offer, especially a first deposit match that’s only valid when you first fund your account.

4: Place Your Bets

Your deposit should hit your account almost instantly. Once you see the funds in your account, you can start placing wagers with that money.

You can withdraw money from your sportsbook account to Venmo at any time. 

Sportsbooks typically require you to connect Venmo for a deposit before you can withdraw money into your Venmo account. As mentioned above, however, linking your Venmo account only takes a few minutes.

Minimum withdrawals vary by sportsbook but are typically around $5 or $10. There can be maximum withdrawal limits as well. Check your sportsbook’s FAQ section if you’re unsure about withdrawal minimums or maximums.

Venmo withdrawals typically take 24 to 72 hours to process, but this can vary based on traffic and which sportsbook you’re using. Still, it’s one of the more reliably fast methods out there.

Yes. Venmo is a fast and easy deposit method from a mobile device.

Access your sportsbook, navigate to the deposit section and enter how much you want to deposit. When prompted to choose a deposit method, select “Venmo.”

Some sportsbooks will automatically transfer the funds from your Venmo to your sportsbook account. Others will briefly direct you to Venmo to confirm the deposit before transferring funds.

Either way, you can quickly deposit money from Venmo on your mobile device within seconds. This comes in handy if you’re trying to quickly get a bet in while you’re on the go.

Venmo is just one of many deposit methods offered by sportsbooks. There are plenty of other options, including:

• PayPal
• Credit/debit card
• ACH eCheck
• Online banking
• Cash at casino cage (if sportsbook is partnered with a local casino)

A few less common methods are also available, but those tend to be the most popular. 

Using Venmo can sometimes be easier than using credit/debit cards, where you can occasionally run into issues.

Regulated online sports betting is still relatively new in the country, especially in certain states. Banks and creditors sometimes flag debit card transactions at gambling sites as suspicious or fraudulent, resulting in a rejected deposit or a hold put on your card.

Venmo is a safe, recommended option for deposits and withdrawals at betting sites, but there are plenty of other trustworthy methods if you don’t use Venmo.