Venmo Betting Sites: Legal Sportsbooks and Deposits

Sports bettors🧸 certainly aren’t shy of options when work🍰ing their way through US bookmakers. Premier sportsbooks provide an array of betting markets and events, along with numerous payment options, such as Venmo. This guide highlights the best Venmo betting sites currently available.

Hot Topics on this page:

Best Venmo Sportsbooks in the US Placing a Bet on Venmo Bookies Pros and Cons of Using Venmo

1 Best Venmo Sportsbook in the US
2 What Is Venmo?
3 Overview of Legal Venmo Betting Sites
4 How We Rate Venmo Sportsbooks
5 How 🌼To Place Bet on Betting Sites That Accept🍨 Venmo
6 How To Withdraw🌊 on Sports Betting Sites T🐻hat Use Venmo
7 Pros & Cons of Using Venmo for Betting
8 Venmo Alternative Betting Options
9 ThePuntersPage Final Say
10 FAQs

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Best Venmo Sportsbook in the US

fanduel

Rapid Venmo withdrawals
High-value welcome offer with $200 in bonus bets to be claimed
Enjoyable betting experience with plenty of sportsbook promotions

VISIT BOOKIE

Full T&Cs apply. Gambling problem? Call 1-800-GAMBLER

What Is Venmo?

Fo🌟unded in 2009 and bought by PayPal in 2013, Venmo is a mobile payment service that allows users to easily transfer their funds between private pa♑rties.

You can make purchases with your Venmo debit or credit card, and send/receive payments using your email or phone number through a variety of a🧜vailable payment methods. This digital wallet is also incredibly useful when you need to split fares with friends.

Additionally, there’s a social element to Venmo, where a🧜s a user, you can view your friends’ public transactions and offer reactions via ‘emoticons’.

It’s only available in the USA and is compatible with both Android and iOS.

Overview of Legal Venmo Betting Sites

While Venmo betting sites are not yet ubiquitous, some of the US’ leading sportsbooks allow users to deposit and ℱwithdraw funds via this payment method. Here’s an 💫overview of the leading options:

DraftKings

Regarded as one of the pioneers for US sports betting, DraftKings offers Venmo as a payment option. Both your Venmo and DraftKings account🎀 must be ID-verified, and your personal information in both accounts must match before you can begin depositing funds.

Venmo deposits are processed instan𒉰tly, while withdrawals can take up to two days. Meanwhile, enjoy a superb sportsbook laden with offers, and earn $150 in bonus bets from💦 your first $5 wager!

Pros:

Venmo deposits processed instantly
Rigorous ID process bolsters security
High maximum Venmo withdrawals at $20,000

Cons:

48 hours Venmo withdrawal time is fairly long
Venmo is not permitted in all jurisdictions

FanDuel

FanDuel 🍃label themselves as ‘America’s #1 sportsbook’ and, in truth, that’s a claim we can’t dispute. Immensely popular among its users for its easy-to-navigate interface and array of exciting sportsbook promotions, FanDuel is a sports bettor’s dream.

Venmo deposits are rapid and withdrawals are quicker than most. The limits are high as well, so high rollers will be satisfied. $200 in bonus bets greet new customers, with a mere $5 bet required to unlock th♔e bookie’s high-value welcome offer.

Pros:

Venmo deposit can unlock excellent welcome offer
High Fanduel Venmo maximum deposits
Venmo withdrawals are processed almost instantly

Cons:

Must download mobile app to make first Venmo deposit

visit Fanduel

BetMGM

Annoyed that your first bet with BetMGM lost? Fear not, the sportsbook will then reward you with up to $1,500 in bonus bet⛎s — that’s some compensation! This offer gives new users t🐷he chance to go big with their maiden BetMGM bet. It’s a win-win situation, and Venmo deposits qualify, so don’t you worry about that.

The payment service is one of many available here, with the bookie offering efficient deposits and withdrawals, as well as a c🌊lean betting experience often boosted by frequent promotions.

Pros:

Huge welcome bonus of up to $1,500 in bonus bets
Efficient Venmo depositing and withdrawing processes
Withdrawals usually received within 24 hours

Cons:

$10 minimum deposit is higher than both FanDuel and DraftKings’

How We Rate Venmo Sportsbooks

There are a bunch of factors to consider when assessing and rating Venmo beཧtting sites. Here are some of the most important🍌:

Deposits — W♎e assess the ease at which Venmo deposits can be made, as well as the minimum/maximum deposit limits in play.
Payout Time — Sportsbooks will typically display how long withdrawals take with each of their available options. A swift payout timౠe is always preferred.
Bonuses — Every sportsbook will offer bonuses of some sort, but some might not allow Venmo deposits as an eligible paജyment option. A h♏igh-value welcome offer is desired, as are an array of promotions covering multiple sports.
Support — We’ll test out the support systems in place by asking for a query to be reso♋lved.
Security — A site’s s♐ecurity can typically be gauged during the registration process, based on whether verification is required. W♏e also consider emphasis on responsible gambling.
Betting Options — Once we’ve created an account and made our first deposit on the Venmo betting site, we can then assess all the betting options at our disposal. We’re looking for a broad and sophisticated sportsbook with features that ꦇenhance our betting experience.

How To Place Bet on Betting Sites That Accept Venmo

Here’s how you can go about placing a bet with Venmo betting sites:

🔯ꦫAccess the Venmo betting site of your choice either on mobile or desktop. Log in to your account or create one if you haven’t already.
Before placing a bet, you must fund your account by deposi𒈔ting with Venmo.
Access the sportsbook’s banking tab and add funds using V𓂃enmo.
You’ll ha🐠ve to sign in to your Venmo account to connect it to t🐟he sportsbook.
Onceꦏ you’ve made your deposit, you’ll have the entire sportsbook at your 🅠disposal. Access the part you’re interested in by scrolling through the A-Z menu. Popular and trending events will be prominent on the homepage.
Click on the event and market you wish toꦫ bet on. Once that's done, you should see that wager appear in your bet slip.
Access your bet slip and enter the am🌟ount you wish to stake on this bet.
To conclude🦩 🧸the process, click ‘Place Bet(s)’ — or the button that reads something along those lines, depending on the Venmo betting site you’re using.

How To Withdraw on Sports Betting Sites That Use Venmo

Let’s hope you’ve got yourself in a position to withdraw having rinsed t🐈he bookmakers! Venmo withdrawals are easy an🐎d stress-free — here’s the process you’ll need to go through:

By making a deposit with a Venmo bettin🐎g site, you would’ve already linked y🔜our Venmo account to the platform in question.
With your account linked, the process is swift. You’ll merely need to confirm how much you wish to withdraw into you𝔍r Venmo accou🍷nt.
Click the ‘Withdraw’ button.
Expect to see your funds in your Venmo account within 24-💮♕72 hours of your withdrawal request.

Pros & Cons of Using Venmo for Betting

🐽 It’s important to weight up all the benefits and drawbacks before opting for a particular payment me🅰thod. Here’s what you should consider before you use Venmo for sports betting:

Pros:

Easy to link Venmo account — Linking your Venmo account to your betting account is a quick and easy process which merely involves identity verification.
Swift transactions — Once your Venmo account has been set up (and is an available payment option on a betting site), deposits are processed instantly. Withdrawals typically take no more than 48 hours and can be instant in some cases.
Strict security — Although Venmo can be a fairly public payment service, there are tools in place to ensure transactions can be processed privately and securely. Your Venmo card is not connected to your personal bank account, meaning you’ll never need to provide bank details when using Venmo to deposit/withdraw funds.
Absent from bank statement — As your Venmo card/account isn’t connected to your bank account, any gambling transactions will never appear on your bank statement.

Cons:

Social aspect — Venmo’s social feed displays what their users have sent money for and to whom. Some might not want this information displayed publicly or even revealed to friends. However, there are settings on Venmo which can ensure your transactions aren’t made public.
Fees — There are fees involved when using Venmo, but none are related to sports betting. So, you won’t be charged by sportsbooks or Venmo when depositing and withdrawing funds with a bookmaker.

Venmo Alternative Betting Options

As previously noted, while Venmo is a payment option offered by some of the US’ premier sportsbooks, it’s certainl🔥y not yet a popular method for sports bettors. Below are some of the alternatives at your disposal when depositing/withdrawing funds:

Debit Cards

The overwhelming majority of sportsbooks will accept Mastercard and Visa debit cards as a valid payment option. It’s perhaps the fastest and most convenient method around given the absence of transaction fees and the ease at which you can link your debit card to a betting account. Payments are typically processed swiftly, a♐nd most bonuses offered by bookmakers list debit cards as an eligible payment optionဣ.

Credit CardS

While credit cards are no longer a legal payment option in the UK, they are still accepted in the U.S. Leading bookies such as BetMGM, FanDueဣl, and DraftKings all allow credit cards to be used on their sites. This option is popular given the absence of fees, the security involved, and the rapid transaction times. However, there are responsible gambling concerns given that you’re not betting with your own money.

e-Wallets

There are plenty of e-wallets that can be used on betting sites. 🐷The most notable one is PayPal, which is accepted on the vast majority of online sportsbooks in the U.S. Strong security and efficient transactions have seen its popularity soar.

Skrill and NETELLER are also widely avai🐬lable, but transacᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚtion fees are more common with these two options, making them less popular.

ThePuntersPage Final Say

Having been around the block for quite some time, Venmo is now widely available among US sportsbooks. Given the absence of f😼ees, speedy transactions, and ease at which your Venmo account can be linked to a betting site, we don’t see any reason why this e-wallet ca𓆏n’t gain even greater prominence as online sports betting becomes even more widespread.

FAQs

Is Venmo betting safe?

Venmo is a secure and reliable payment service which is owned by the reputable PayPal. With over 80 million users, Venmo has gained a reputation for providing𝐆 safe and secur🎶e transactions, so sports bettors should feel no different.

How long does a Venmo deposit take?

Venmo deposits typically arrive🅘 in your betting account instantly.

How long does a Venmo withdrawal take?

♎Venmo withdrawals are usually processed between ✃24 and 48 hours.

How long does Venmo withdrawal take on DraftKings?

Draft𓃲Kings Venmo wit🥃hdrawals can take up to 48 hours.

Do I pay Venmo fee for funding my sports betting account?

There are no fees inv🐷olved when depositing or withdrawing🔜 with Venmo on a betting site.

Is Venmo legal for sports betting in US?

Venmo is certainly legal and has been made available by some of the leadi🌊ng betting sites in the USA.