Betting.us Editor-in-Chief Blake Roberts skillfully uses his background in statistics and sports knowledge base to create insightful betting guides. Blake was born in Morgantown, WV, and he has a community college degree in Statistics. His stamping grounds are the live betting platforms of West Virginia.
The Best Venmo Betting Sites for 2024
By Blake Roberts
Founder & Editor in Chief
Updated: November 28, 2024
Top-Rated Betting Sites that Accept Venmo
If you're looking for safety and convenience, any of the featured betting sites that accept Venmo is a viable option. These are reputable brands with valid licenses from state-specific gambling regulators.
| Venmo Sportsbook | Venmo Bonus | Promo Code | Highlights | Rating | Secure Link | Eligible States | Terms |
|---|---|---|---|---|---|---|---|
| BetMGM Sports | Up to $1500 Back In Bonus Bets | Not Needed | Parlay generator tool Soccer odds boosts 24-hour withdrawals | ★ out of 5 | Claim Bonus! | AZ, CO, DC, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, NV, NJ, NY, NC, OH, PA, TN, VA, WA, WV, WY | Valid only for new CO players over 21 years of age. Full T&Cs apply. GAMBLING PROBLEM? CALL OR TEXT 1-800- GAMBLER |
| Caesars Sportsbook | Up to $1,000 Back as Bonus Bet | IGAMING1000 | Live streaming Early cash-out Over 25 sports | ★ out of 5 | Claim Bonus! | AZ, CO, DC, IL, IN, IA, KS, KY, LA, MD, ME, MI, NJ, NY, NC, OH, PA, TN, VA, WA, WV, WY | Valid only for new NY players over 21 years of age. Full T&Cs apply. |
| Hard Rock Bet | Bet $5Get $100In Bonus Bets | Not Needed | Modern design Highly-rated app Exclusive flex parlays | ★ out of 5 | Claim Bonus! | AZ, FL, IN, NJ, OH, TN, VA | NJ Only. 21+. Full T&C's apply. Gambling Problem? Call 1-800 GAMBLER. Please gamble responsibly. |
Venmo is a secure, user-friendly mobile payment provider available only in the US and preferred by tens of millions of people in the country. Its high usability rate highlights its many advantages. Regulated by the United States Treasury Department, Venmo offers excellent safety standards and user protection.
Most of the banking methods for betting apps support Venmo. This includes both deposits and withdrawals with this payment method, adding convenience to your wagering experience. You can fund your real money gambling account only via a linked bank account or Venmo debit card.
BetMGM - Best Venmo Sportsbook Overall
BetMGM is the overall best Venmo sportsbook in the US. The platform allows you to place wagers on more than 25 sports, including football, basketball, hockey, baseball, and tennis. You can pick from popular events like the US Open Championship, the UEFA Super Cup, and the NHL's Super Bowl.
This popular online Venmo sports betting site operates in several states, including New Jersey, Michigan, Nevada, Ohio, North Carolina, and Pennsylvania, to name a few. It holds valid licenses from each one of them and uses geolocation software to verify its players location as required by law.
At the BetMGM sportsbook app, you can place a range of different bets, including money lines, point spreads, totals, parlays, prop bets, etc. There's the option for in-play wagering, and you can also cash out some single and parlay bets early, potentially securing a better outcome.
Caesars Sportsbook - Top Venmo Bonus
Caesars is among the most reputable betting sites that use Venmo, known for its competitive odds and player-friendly promotions. You can bet on 19 sports, including golf, football, baseball, basketball, and more. The Olympics, Formula 1, and the Challenger Tour are some of the most popular events you can find on the platform.
The Caesars betting site with Venmo allows you to add up to 25 picks on a single bet slip. This is very generous, especially compared to other bookmakers for which this number is around 10-12. Similar to BetMGM, Caesars Sportsbook offers live betting and streaming on desktop and mobile as well as early cash outs in specific circumstances.
If you want to claim promotions for online sports betting with Venmo, Caesars Sportsbook is the right place. There's an attractive welcome bonus and a very generous refer-a-friend offer. The platform is also known for its award-winning Caesars Rewards loyalty program[1] with six tiers – Gold, Platinum, Diamond, Diamond Plus, Diamond Elite, and Seven Stars.
Hard Rock Bet – Highest-Rated Betting App with Venmo
In 2007, the Hard Rock Bet brand was acquired by the Seminole Tribe of Florida and has since been reaching new heights regularly. The Venmo sports betting app stands out with its modern design and high user ratings – a commendable 4.7 out of 5 on Google Play and an impressive 4.9 out of 5 on Apple Store.
The sportsbook gives you access to a nice variety of sports, including gamblers' favorites like football, basketball, baseball, and hockey. There are both US and international leagues and events. The app has many great features, including live betting and streaming, daily odds boosts, profit boosts, and the SGP Max and Flex Parlay options.
Hard Rock Bet is available in several US states, including Arizona, New Jersey, Tennessee, and Virginia. Most recently, it relaunched its betting services in Florida, becoming the only legal sportsbook app in the Sunshine State[3] following some commotion in the sector in the last few years.
The Best Venmo Sportsbooks by Category
| 🥇 Best Venmo Sportsbook | BetMGM |
| 🎁 Best Venmo Bonus | Caesars Sportsbook |
| 📱 Best US Venmo App | Hard Rock Bet |
Gamblers have different priorities, and this is true whether you're wagering at an online sportsbook with Venmo or anywhere else. Some of us look for fast payouts, guaranteeing quick access to our winnings, while others prioritize top mobile compatibility for betting on the go. Many are attracted by the best bonuses, offering significant value and incentives, while some seek the overall best Venmo betting sites.
That's why we've evaluated the top-rated sportsbooks with Venmo based on key factors such as withdrawal speed, mobile optimization, and fair promotions. We also consider a range of other criteria like legitimacy and safety, customer service quality, and user experience. This way, we can make sure that all our readers find a platform that fits their betting site.
Our Top Recommended Sportsbook with Venmo for December 2024
Caesars Sportsbook
Up to $1000 First Bet on Caesars
IGAMING1000
Fair 1x wagering requirement
AZ,
CO,
DC,
IL,
IN,
IA,
KS,
KY,
LA,
MD,
ME,
MI,
NJ,
NY,
NC,
OH,
PA,
TN,
VA,
WA,
WV,
WY
Get Bonus
Valid only for new NJ players over 21 years of age. Opt-in required. Full T&Cs apply.
Venmo Betting Guide: How to Make Deposits and Withdrawals
There are a few essentials you should consider, including transaction limits and speed and any possible fees. First, we should start by saying that most Venmo betting sites allow deposits and withdrawals with this payment method. Typically, the minimum amount for both is $10, while the maximum may vary depending on the platform.
The digital payment provider has little to no fees, especially compared to some of its competitors. Transferring money to and from a Venmo account is a simple and straightforward process and we didn't encounter any issues whatsoever. In fact, the platform has one of the most user-friendly interfaces we've ever tested.
How to Make Venmo Deposits
The depositing process at any of the recommended betting sites is straightforward and efficient. The minimum deposit required by most sportsbooks is usually $10, although some platforms may allow for lower amounts. The maximum deposit limits vary across platforms, typically ranging between $25,000 and $50,000, offering flexibility.
Review the Venmo deposit limits, head to the cashier page, and select Venmo as your preferred payment method. Enter the amount you wish to deposit and confirm the transaction. Deposits via Venmo are instant, so you can start wagering immediately. Here's how to make deposits at an online sportsbook that takes Venmo:
- Create a Venmo account and link your bank account or credit card.
- Select a licensed betting site that accepts Venmo deposits.
- Once you've logged in, go to the cashier or banking section.
- In the deposit options, choose Venmo.
- Specify the amount you wish to deposit.
- Once redirected, log into your Venmo account to authorize the payment.
- After authorizing, confirm the transaction on the betting site.
Remember that you'll have to authorize the payment via the Venmo app and then confirm the transaction on the betting site. All of this is done for security purposes, as both a legitimate sportsbook and a safe payment provider would want to make sure your privacy is well protected.
If you come across any issues, something that's pretty much impossible at the featured betting apps that use Venmo, you should contact the platform's support team. We've tested these processes on different mobile and desktop devices, and everything went smoothly, so you should be fine.
How to Cash Out Your Winnings with Venmo
Withdrawing your winnings from an online sports betting site that takes Venmo is also straightforward. As with deposits, the minimum required amount is usually $10, but it can also be as little as $1. The maximum varies and can range between $25,000 and $2,000,000.
Once you submit your withdrawal request, it'll be pending a review from the sportsbook's team. Following approval, you'll receive your winnings within a specified timeframe. This may be between an hour and 5 days, but in most cases, it takes up to 24 hours. Here's a short step-by-step guide you can follow:
- Log in to your account and find the withdrawal or cashier section.
- Check the limits and withdrawal processing times with Venmo.
- Choose Venmo from the list of available withdrawal options.
- Specify the amount you wish to withdraw.
- Enter your Venmo account information.
- Review the withdrawal details for accuracy and confirm the request to initiate the transfer.
- Allow time for the betting site to process your withdrawal.
Before proceeding with your first withdrawal, make sure you've verified your gambling account and completed any bonus wagering requirements. Confirm your Venmo account is set up correctly and linked to your bank account. This will guarantee a smooth transfer of funds.
Keep track of any fees associated with Venmo withdrawals, although we doubt that any such will occur. It's wise to review the sportsbook's terms and conditions regularly for updates. Lastly, if you encounter any issues, contact the site's customer support to resolve them efficiently.
Our Rating Criteria
Before recommending any sportsbook with Venmo, we've tested it through and through. We've covered a long list of criteria, including the number of available sports, odds, payouts, bonuses, mobile apps, alternative payment methods, and more. We've listed some of the main factors below:
Safety & Licensing
Venmo Bonuses
Venmo Sportsbook Apps
Deposit and Withdrawal Limits
Alternative Payment Methods
Naturally, some factors might be more important for you than others. There's one thing, however, that should always come first – legal status and safety. You should bet at licensed sites with immaculate security standards set in place. This is true for the recommended online Venmo sportsbooks in the USA.
Safety and Licensing
The only way to be sure that an online sportsbook is legal is to confirm it holds a valid license from the corresponding state-specific gambling regulator. We've included the different licensing authorities below. The logo of the regulator should be clearly displayed in the footer of every legal site's homepage.
American Gaming Association
Arizona Department of Gaming
Colorado Department of Revenue - Division of Gaming
Illinois Gaming Board
Indiana Gaming Commission
Iowa Racing and Gaming Commission
Kansas Racing and Gaming Commission
Louisiana Gaming Control Board
Maryland State Lottery & Gaming Control Agency
Massachusetts Gaming Commission
Michigan Gaming Control Board
Nevada Gaming Control Board
New Jersey Division of Gaming Enforcement
New York Gaming Commission
North Carolina State Lottery Commission
Ohio Casino Control Commission
Pennsylvania Gaming Control Board
Tennessee Sports Wagering Advisory Council
Virginia Lottery
West Virginia Lottery Commission
The safe sports betting sites that accept Venmo use the latest SSL encryption from companies such as DigiCert. They also undergo regular independent audits to make sure they provide fair payout potential. Additionally, the recommended platforms apply strict responsible gambling policies to keep gamblers safe.
The Best Venmo Sportsbook Bonus Offers
The best sportsbooks in the US provide bonuses that can benefit new and existing gamblers alike. When claiming an offer, pay attention to its terms and conditions, including wagering requirements, expiration dates, and any restrictions on how the promo can be used.
Understanding these details will help you make the most of the offer and determine if the particular promotion can add value to your wagering experience. The best online sportsbook bonuses come with fair terms and conditions, allowing you to take full advantage of what they offer.
| Venmo Online Sportsbook | Venmo Bonus | Promo Code | Wagering | Min. Venmo Deposit | Eligible States | Secure Link | Terms |
|---|---|---|---|---|---|---|---|
| BetMGM | Up to $1500 Back In Bonus Bets | Not Needed | 1x | $10 | AZ, CO, DC, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, NV, NJ, NY, NC, OH, PA, TN, VA, WA, WV, WY | Claim Bonus! | Valid only for new IA players over 21 years of age. Full T&Cs apply. |
Choosing one of the top sports betting bonuses recommended in the table above can significantly improve your wagering. These promotions stand out with generous amounts and player-friendly conditions. Most offers require a deposit, but if you're lucky, you can come across the so-called no deposit bonuses.
There are also refer-a-friend promos with rewards for you and the friends you've referred to the platform. Our favorites, however, are the great loyalty programs offered by the best sports betting sites with Venmo. These platforms have gone above and beyond to provide a unique VIP experience for their loyal clients.
No Deposit Bonuses
Some bonuses are available as no-deposit offers or first bet offers. This gives you a great opportunity to shop around and place some wagers without taking unnecessary risks. For the same reason, they're also excellent for newbies, who are just taking their first steps in the online sports betting sector.
Still, you have to remember that before withdrawing any winnings from the no deposit bonus, you may have to fulfil specific wagering requirements. Currently, there are no such offers for online betting using Venmo, but we'll let you know if this changes in the future.
Top Venmo Betting Apps
If you're one of the many gamblers who prefer wagering on the go, you'll have to select the right app for it. Look for positive user ratings, fast loading times, intuitive interfaces, and available bonuses. Below, we've highlighted the best mobile Venmo betting apps in the US based on these factors:
| Venmo Betting Apps | Rating | Venmo Bonus | Promo Code | Compatibility | Eligible States | Secure Link | Terms |
|---|---|---|---|---|---|---|---|
| Caesars Sportsbook | Up to $1000 First Bet on Caesars | IGAMING1000 | Android, iOs | AZ, CO, DC, IL, IN, IA, KS, KY, LA, MD, ME, MI, NJ, NY, NC, OH, PA, TN, VA, WA, WV, WY | PLAY NOW! | Valid only for new VA players over 21 years of age. Full T&Cs apply. |
The suggested betting apps with Venmo are available for iOS and Android devices. You can download them from the Apple Store and Google Play, where they are mostly praised by users. Their features are very similar to the ones you can find on the desktop versions. For optimal performance, we suggest you use the latest version of your OS and the app itself.
Deposit and Withdrawal Limits
The deposits and withdrawal with Venmo provide flexible limits. As you can see below, the minimum deposit amount is usually $10, while some platforms allow you to withdraw as little as $1. The maximum sums vary depending on the site. Deposits with Venmo are processed instantly, whereas withdrawals may take anywhere between an hour and 5 days.
| Venmo Sportsbook | Deposit Limits | Withdrawal Limits | Deposit Speed | Withdrawal Speed |
|---|---|---|---|---|
| BetMGM NJ | $10 - $50,000 | $1 - $2,000,000 | Instant | Instant – 5 Days |
| Caesars Sportsbook WV | $10 - $25,000 | $1 - $25,000 | Instant | 1 – 5 Days |
| Hard Rock Bet NJ | $10 – N/A | $10 – N/A | Instant | 1 Hour – 5 Days |
The differences between the deposit and withdrawal limits and processing times can be explained by the different betting sites' internal policies and procedures. To make sure you're clear on what the sportsbook offers and what to expect, we suggest you go over its privacy policy and terms of service.
The leading betting sites with Venmo are generally suitable for both low and high rollers. If the upper betting limits seem somewhat limited to your liking, you should check with the sportsbook's team. More often than not, brands will make exceptions for hefty gamblers and offer something suitable.
Venmo Alternatives
Say that an online casino doesn't accept Venmo for withdrawals or the payment method is not eligible for a bonus you want to claim. In such cases, you'll have to use one of the available alternatives. The good thing is that there's plenty of choice. Below, we've included the most popular Venmo alternatives:
- PayPal - Widely accepted and offers quick transactions.
- Skrill - Instant deposits and withdrawals with Skrill 1-Tap payments.
- Apple Pay - Seamless integration with Apple devices, but not as fast as Venmo.
- Play+ - Offers fast transactions like Venmo, and it's just as widely available.
- Visa - Accepted at more betting sites, but slower withdrawals.
- Mastercard - Also widely accepted, but cashouts can take up to 5 days.
- Bank Transfers - More secure for large transactions, but slower than Venmo.
- Paysafecard - Better for budgeting without a bank account and enhanced anonymity.
If you want to stick with fast transactions, you should check PayPal and Play+. The Visa are perfect for those of you who prefer more traditional payment methods. Paysafecard, on the other hand, provides improved anonymity. Before you make your choice, please consider the corresponding deposit and withdrawal limits, transaction fees and speed.
Venmo Company Information
Venmo is a mobile payment app founded in 2009 by Andrew Kortina and Iqram Magdon-Ismail. It allows users to send and receive money quickly and easily. Venmo is only available in the US, meaning both the sender and receiver of money must be in the country for transactions to work.
In 2012, Venmo was acquired by Braintree, and in 2013, Braintree was acquired by PayPal[4]. Today, Venmo is still owned by PayPal, continuing to benefit from the company's extensive resources and expertise in digital payments. This acquisition has helped the brand grow and integrate more features.
| Company Name: | Venmo, LLC |
|---|---|
| Founded: | 2009 |
| Founders: | Andrew Kortina, Iqram Magdon-Ismail |
| Headquarters: | 117 Barrow St, New York, USA |
| Website: | www.venmo.com |
| Legal US Status: | Legal |
| Products: | Mobile payment service |
| Revenue: | $29.77 billion (2023) |
| Number of Employees: | 700+ |
| Public Company: | No |
| Traded as: | N/A |
Venmo is entirely legal and provides top-notch security via encrypted transactions, strict identity verification processes, and two-factor authentication[5]. These measures make sure that users' financial information is protected, making it a trusted platform for mobile payments in the US.
Since its inception in 2009, Venmo has come a long way and currently employs more than 700 people. It has an estimated yearly revenue of $29.77 billion as of 2023, reflecting its significant role in the digital payment industry. We'll keep you posted about any future updates around the brand.
Pros and Cons of Betting with Venmo
Depositing with Venmo offers several advantages, including fast withdrawals, two-factor authentication for improved security, and deposits starting at just $5. The app's simplicity and mobile-friendly interface make it easy to manage your funds on the go. These features make Venmo a convenient and secure option for online transactions.
Withdrawing via Venmo is quick and efficient, providing users with effortless access to their funds. However, there are some disadvantages to consider. Venmo is not as widely available as some other payment methods, and instant transactions may incur fees. Additionally, it may have slightly lower maximum payment limits. You can find the main pros and cons for Venmo below:
- Fast withdrawals
- Two-factor authentication
- eWallet functionality
- Deposits starting at $5
- Simple mobile payments
- Not as widely available
- Slightly lower max payment limits
- Fees for instant transactions
Problem Gambling Help
If you or someone you know is experiencing any signs of compulsive gambling, such as overspending in terms of time and budget, you should immediately look for help. Other signs may include lying about your activities and gambling to escape problems or relieve feelings of stress and anxiety.
Various options are available for help, including contacting organizations like Gamblers Anonymous and the National Council on Problem Gambling. Free assistance is available through hotlines and support groups. Make sure to gamble responsibly to avoid potential issues.
FAQ
What online casinos accept Venmo?
Many online casinos take Venmo. You can choose between popular, well-established brands with years of experience. The same applies to the best betting sites that take Venmo. They are reliable platforms with valid gambling licenses, top-notch mobile apps, competitive odds, and dozens of sports to wager on.
Do Vegas casinos take Venmo?
You can use your Venmo debit card to buy chips and place bets or withdraw money from your credit card at an ATM. Still, we suggest you check with the casino you want to visit. You should also get familiar with Venmo's main pros and cons.
Is it safe to bet with Venmo?
Yes, Venmo is an entirely safe and secure payment method. The provider uses encryption on every transaction and has a two-factor authentication process. In addition to that, when setting up your Venmo account, you'll go through a strict identity verification.
How do I make a deposit at a sportsbook with Venmo?
First, we had to set up a verified Venmo account. From then on, making a deposit was rather simple. All you have to do is register on your chosen sportsbook, go to the cashier, select Venmo as your preferred payment method, decide what amount you want to deposit, and confirm the transaction.
Can I make withdrawals with Venmo?
Yes, you can make withdrawals with Venmo at most betting sites. If by any chance the option is unavailable, you can choose one of the reliable alternatives, such as PayPal, Play+, or Visa. Pay attention to the corresponding transaction limits, speed, and any possible fees.
Withdraw and Deposit Easily Using Venmo
Choosing one of the featured legit Venmo betting sites makes sure you wager at a reliable platform. These sites stand out for their fast withdrawals, comprehensive security features, including two-factor authentication, and user-friendly interfaces. You get to enjoy seamless mobile payments and low deposit requirements, making them ideal for both new and experienced gamblers.
Blake Roberts, a Morgantown native with a background in statistics, takes the position of Editor in Chief at Betting.us. He combines his love for sports and his knowledge of statistics to produce high-quality sports betting reviews. Blake enjoys evaluating online betting sites and believes that keeping a professional mindset in gambling is of utmost importance.
If you have any doubts, feel free to try more than one of the recommended platforms. Shop around and find the site that's best suited for your gambling style and preferences when it comes to banking. Venmo is just one of many deposit and withdrawal options for bettors. We have noticed more are choosing to start sports betting with Skrill and other virtual wallets. There is just so much flexibility in the market with easy-to-use and efficient banking options.