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Legal Venmo Betting Sites 2023

venmo sports betting sites

For years, betting applications that accept Venmo have been scarce. However, Venmo is finally being available to gamblers in jurisdictions where online gambling is permitted. DraftKings, along with FanDuel, are now the only two legal US betting apps that take Venmo.

Nevertheless, Caesars and BetMGM are also scheduled to integrate Venmo in the near future, and BetMGM is presently the only sports betting online app that accepts Apple Pay. These new payment methods are an excellent addition in a world in which they are gaining popularity by the second.

Top Legal Venmo Sports Betting Sites – September 2023

This article will be updated with Venmo cash games and sites that take venmo. Meanwhile, here is the Venmo betting apps complete list:

rank

Website

BONUS

TURNOVER

RATING

PROMO / SIGN UP

Up to $1,500 Back in Bonus Bets

No requirements

See Full Review

Up to $1,200 Bonus

25x bonus amount

See Full Review

10 x $100 Second Chance Bets

No requirements

See Full Review

Bet $25 Get $100

No requirements

See Full Review

2nd Chance Free Bet Up To $500

1x wagering

See Full Review

Up To $500 Risk Free Bet

No requirements

See Full Review

$100 Free with $20 Bet

No requirements

See Full Review

Your First Bet Is On Caesars Up To $1,000

25x bonus amount

See Full Review

Risk-Free Bet Up To $1000

No requirements

See Full Review

How to Register for Venmo

Signing up for Venmo is a short and straightforward process that can help you begin your journey with Venmo Sports Betting. All you have to do is comply with the simple steps here to enjoy all of the Venmo gambling sites as mentioned earlier perks.

  • Venmo is exclusively available on smartphones. To begin, you must first download it from the iOS App Store or the Android Play Store. After you’ve downloaded the betting apps with Venmo, launch it to get started.
  • Select a sign-up option and establish a password.
  • For enhanced protection, confirm your email address and phone number.
  • Finally, add and validate the bank account with which you want Venmo to be associated.

It’s as simple as that. Once you’ve registered for Venmo, you can use it to make payments and cashouts at DraftKings, FanDuel, and any future betting sites that accept Venmo. Keep in mind that due to many circumstances, you must first deposit with Venmo before withdrawing back to Venmo for your protection.

Which Apps Will Soon Support Venmo?

According to sources, Caesars Sportsbook & Casino, along with BetMGM Sportsbook, Casino, & Poker, will be the newest sports betting sites that use Venmo. Meanwhile, you can use one of the various payment options available, such as PayPal (which holds Venmo), digital bank transfer, Play+ Card, debit card, and others.

Not sure if BetMGM or Caesars are available in your state? For the finest online sportsbook incentives, see the sports betting guide, or check out our online casino guide for the most fantastic bonus codes.

The Benefits of Betting with Venmo

Easy Access

The convenience of utilizing a payment app currently is the number one perk of betting with the best Venmo betting sites. That’s why I was thrilled to see Venmo available through the FanDuel app. As someone who always has money in my Venmo account, it’s simple to deposit $10 or $20 towards my FanDuel bankroll or withdraw money out of my FanDuel account when paying someone. It doesn’t get much more efficient than that.

You don’t even need money in your Venmo account to use it as a deposit method. If your balance is less than the amount you would like to put in, the funds will be transferred from the bank’s online account you have linked to your Venmo account.

Absolutely Free

Venmo charges no fees for private consumption. That means you can deposit funds into US casinos that accept Venmo, withdraw winnings, and move funds to and from your bank account for free.

Venmo does, however, charge a modest fee for quick transactions. Suppose you don’t want to wait a few days for your Venmo balance to be sent to your bank account. In that case, you can pay 1.5% of the maximum $15 charge immediately to get the money available.

Secure and Safe

Venmo is a well-known, widely used, and dependable e-wallet app. It is owned by PayPal and is licensed as a mobile payment service in the United States. The organization uses the best encryption and online security measures, including the opportunity to establish two-step verification.

Deposit and Withdrawal Options are Available

Many of the most convenient ways how to add money to Venmo online gambling applications, such as debit and credit cards and PayNearMe, are deposit-only. On the other hand, Venmo allows both deposits and withdrawals, making it a more handy option than a debit card for those who already use the app.

Furthermore, you must generally utilize PayPal to deposit before you are able to employ it to cash out wins. Even if you deposit with something else, Venmo is a withdrawal option. So, in that regard, US betting apps with Venmo are even more efficient than PayPal.