Best Venmo betting sites ranked
Each sportsbook below accepts Venmo and holds valid US sports betting licenses in the states where it operates. The table gives you a quick comparison of welcome offers, minimum deposits via Venmo, withdrawal speed, and state availability before you dive into the full reviews below.
| Sportsbook | Welcome offer | Min deposit via Venmo | Withdrawal speed via Venmo | Available states |
|---|---|---|---|---|
| BetMGM | Bet $10, get $150 in bonus bets if you win | $10 | Not available for withdrawals | AZ, CO, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NV, NY, OH, PA, TN, VA, and WV |
| FanDuel | Bet $5 get $150 if your bet wins | $5 | Within 48 hours | AR, AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VA, VT, and WV |
| DraftKings | Bet $5+ get $100 in bonus bets | $5 | Within 24-48 hours | AR, AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NH, NJ, NY, OH, PA, TN, VA, VT, and WV |
| Borgata | Bet $20 get $100 in bonus bets | $10 | Not accepted for deposits; withdrawals only | NJ |
BetMGM
- Comprehensive sports betting markets
- Regular bonuses and promotions
- Dedicated mobile betting apps
- Not available in all US states
Venmo is accepted at BetMGM as a deposit method, but withdrawals are not available back to Venmo. The minimum deposit is $10, and deposits are processed instantly so your balance is ready before the next game kicks off. If you need to cash out, you'll want to set up an alternative such as PayPal or online banking, since BetMGM does not return funds to cards or Venmo regardless of how you deposited.
The welcome offer is straightforward: bet $10 and get $150 in bonus bets if your first bet wins. Venmo deposits count toward qualifying for the offer, so you won't miss out by choosing this method. No separate promo code is required, though you should verify the current terms when signing up via the BetMGM promo code page.
BetMGM covers a broad range of sports with competitive same-game parlay options and live betting markets throughout the day. Its integration with MGM Rewards adds long-term value if you also visit MGM properties in person. The app carries a 4.7 App Store rating and 4.5 on Google Play, making it a reliable experience on both iOS and Android.
| Welcome offer | Bet $10, get $150 in bonus bets if you win |
| Venmo for deposits | Yes |
| Venmo for withdrawals | No |
| Min deposit via Venmo | $10 |
| Withdrawal speed via Venmo | Not available |
| App Store rating | 4.7 ⭐ |
| Available in | AZ, CO, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NV, NY, OH, PA, TN, VA, and WV |
FanDuel
- Wide range of sports and bet types
- Includes deep prop markets
- Fast withdrawals with PayPal and Venmo
- Reliable app with quick loading and stable live betting
- Some prop markets can be buried under extra clicks
FanDuel supports Venmo for both deposits and withdrawals, which puts it ahead of several competitors on this page for round-trip convenience. Deposits land instantly with a $5 minimum, and withdrawal requests via Venmo typically process within 48 hours. That combination of a low entry point and fast cashouts makes FanDuel one of the more practical choices if Venmo is your preferred method.
New customers can claim a "bet $5, get $150 in bonus bets" offer if their first bet wins. Venmo deposits qualify for this promotion, and the minimum deposit requirement is the same as the sportsbook's standard minimum. Check the FanDuel promo code page for any updated terms before claiming.
FanDuel's app holds a 4.9 App Store rating, the highest of any sportsbook on this page, and a 4.7 on Google Play. Sports coverage is deep, with extensive live betting options, same-game parlays, and early cash-out availability across major markets. It's available across a wide range of licensed states, making it accessible to most US bettors.
| Welcome offer | Bet $5 get $150 if your bet wins |
| Venmo for deposits | Yes |
| Venmo for withdrawals | Yes |
| Min deposit via Venmo | $5 |
| Withdrawal speed via Venmo | Within 48 hours |
| App Store rating | 4.9 ⭐ |
| Available in | AR, AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VA, VT, and WV |
DraftKings
- Legal in 26 US states
- Long A-Z list of sports markets
- Awesome promos
- Limited list of legal states
DraftKings accepts Venmo for both deposits and withdrawals. Deposits post instantly with a $5 minimum, and cashouts via Venmo typically arrive within 24 to 48 hours. The sportsbook also has a $1 minimum withdrawal, which is among the lowest you'll find anywhere, meaning you can cash out small amounts without worrying about threshold requirements.
The welcome offer gives new users $100 in bonus bets after a $5+ bet. Venmo deposits are treated the same as any other qualifying funding method, so you won't be disadvantaged by choosing it. The $5 minimum makes it easy to meet the threshold right away.
DraftKings is widely regarded as having one of the strongest apps in the market, rated 4.8 on the App Store and 4.6 on Google Play. Its in-play betting coverage is particularly deep, and the banking menu is one of the widest available among US sportsbooks, giving you plenty of flexibility beyond Venmo if your needs change. It's licensed across a large number of states, covering most of the country.
| Welcome offer | Bet $5+ get $100 in bonus bets |
| Venmo for deposits | Yes |
| Venmo for withdrawals | Yes |
| Min deposit via Venmo | $5 |
| Withdrawal speed via Venmo | Within 24-48 hours |
| App Store rating | 4.8 ⭐ |
| Available in | AR, AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NH, NJ, NY, OH, PA, TN, VA, VT, and WV |
Borgata
- 1,000 great casino games from legendary developers
- Awesome sportsbook with top NHL, NBA and NFL odds
- Impressive poker software with stunning daily tournaments
- Licensed by the New Jersey Division of Gaming Enforcement
- Lack of regular welcome bonuses
Borgata's Venmo setup is unusual: it's offered for withdrawals only, not as a deposit method. That means you'll fund your account through another channel (PayPal, Skrill, ACH, or debit card, for example) and then request your payout via Venmo. Withdrawal processing typically takes 24 to 48 hours, and the minimum withdrawal is $10. Worth noting: Borgata is only available to bettors in New Jersey.
The welcome offer is Bet $20, get $100 in bonus bets. Because Venmo isn't available for deposits, you'll need to use an alternative method to meet the qualifying deposit for the offer. Once you're up and running, Borgata runs occasional reload promotions that are worth monitoring through your account inbox.
Borgata's app is solid on iOS (4.7 App Store) but its Google Play rating of 3.9 lags behind the competition, so Android users may notice some inconsistencies. On the upside, Borgata accepts a wider-than-average set of payment methods including Skrill and American Express, and New Jersey players can also use the cage at the Borgata property in Atlantic City for cash transactions.
| Welcome offer | Bet $20 get $100 in bonus bets |
| Venmo for deposits | No |
| Venmo for withdrawals | Yes |
| Min deposit via Venmo | Not available |
| Withdrawal speed via Venmo | Within 24-48 hours |
| App Store rating | 4.7 ⭐ |
| Available in | NJ |
How to deposit at a sportsbook using Venmo
Adding funds via Venmo takes just a few steps once your sportsbook account is verified and your Venmo account is linked.
- Open your sportsbook account: Log in to your sportsbook app or website and navigate to the cashier or deposit section.
- Select Venmo as your deposit method: Find Venmo in the list of available payment options and select it.
- Enter your deposit amount: Type in the amount you want to deposit, making sure it meets the sportsbook's minimum deposit requirement.
- Authorize the transfer in Venmo: You'll be redirected to the Venmo app or a Venmo authorization screen. Log in to your Venmo account if prompted and approve the payment.
- Confirm and return to the sportsbook: Once authorized, you'll be returned to the sportsbook. The funds should appear in your balance almost immediately.
- Claim your welcome offer: If this is your first deposit, make sure any required promo code or bonus opt-in is applied before placing your first qualifying bet.
How to withdraw from a sportsbook using Venmo
Cashing out to Venmo follows a similar process to depositing, though a few sportsbooks require you to have previously deposited with Venmo before allowing a withdrawal to it.
- Go to the cashier or withdrawals section: Log in to your sportsbook account and navigate to the payments or withdrawal area.
- Select Venmo as your withdrawal method: Choose Venmo from the list of available cashout options. If it isn't showing, check whether the sportsbook requires a prior Venmo deposit first.
- Enter the withdrawal amount: Input the amount you want to withdraw, keeping it within the sportsbook's stated minimum and maximum limits.
- Confirm your Venmo account details: Verify that the Venmo account linked is correct. Most sportsbooks tie withdrawals to the same account used for deposits.
- Submit the request: Confirm the withdrawal. The sportsbook will process the request, typically within 24 to 48 hours depending on the operator.
- Check your Venmo balance: Once processed, the funds will appear in your Venmo account and can be transferred to your linked bank account from there.
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Why use Venmo at an online sportsbook?
Venmo offers a practical middle ground between the speed of e-wallets and the familiarity of everyday apps. Here's a closer look at what makes it worth considering for sportsbook banking.
⚡ Fast deposits
Deposits via Venmo hit your sportsbook balance almost immediately, so you won't miss live betting opportunities because funds are still pending. The app-to-app authorization is quick and doesn't require re-entering card details each time you deposit.
🔒 No bank details shared with the sportsbook
When you use Venmo, the sportsbook never sees your bank account number or card details. Only the Venmo transaction is visible on their end, which adds a layer of separation between your primary finances and your betting activity.
📱 Built for mobile
Venmo is a mobile-first app, and so are most licensed sportsbooks. The deposit flow between the two apps is smooth and well-optimized, with fewer redirects or form fields than older banking methods like wire transfers.
🏦 Widely held in the US
Tens of millions of Americans already have a Venmo account. If you're already using it to split bills or pay friends, adding it to a sportsbook takes no extra setup - your account is already there and linked to your bank.
💸 Two-way support at major operators
At several of the larger sportsbooks, Venmo is accepted for both deposits and withdrawals. That round-trip support is more useful than methods that only work in one direction, since it keeps your money flowing through a single familiar channel.
⚠️ Things to be aware of
Not every sportsbook that accepts Venmo for deposits also allows Venmo withdrawals - BetMGM, for instance, only supports it as a deposit method. Borgata accepts Venmo only for withdrawals. It's worth checking the specific policy before funding your account if getting money back via Venmo is important to you.
Venmo fees at online sportsbooks
The good news is that none of the sportsbooks featured on this page charge a fee for Venmo deposits or withdrawals. You'll receive the full amount you deposit in your betting balance, and cashouts are returned in full without deductions on the sportsbook's end.
Venmo itself doesn't charge fees for transfers funded by your Venmo balance or linked bank account. If your Venmo account is topped up via a credit card, Venmo applies its own standard card funding fee, but that's charged by Venmo to you directly, not by the sportsbook. Using a bank-funded Venmo balance sidesteps that charge entirely.
Compared to wire transfers, which can carry bank-side fees of $15 to $30 per transaction, Venmo is notably cost-effective. It's broadly comparable to other e-wallets like PayPal in terms of how sportsbooks treat it, with no hidden costs or surprise deductions on either end of the transaction.
Venmo deposit and withdrawal limits
The limits below reflect each operator's standard sportsbook minimums and maximums. Specific Venmo-method caps may be lower than these overall figures in some cases - check the cashier section of each sportsbook for the exact Venmo-specific limits at the time of your transaction.
| Sportsbook | Min deposit | Max deposit | Min withdrawal | Max withdrawal | Fees |
|---|---|---|---|---|---|
| BetMGM | $10 | $25,000 | $20 | $50,000 | None |
| FanDuel | $5 | $25,000 | $10 | $10,000 | None |
| DraftKings | $5 | $25,000 | $1 | $60,000 | None |
| Borgata | $10 | $25,000 | $10 | $50,000 | None |
Can you claim betting bonuses with Venmo?
At FanDuel and DraftKings, Venmo deposits qualify for the welcome offer in the same way as any other accepted funding method. There's no restriction tied to using Venmo specifically, and you won't need a separate promo code just because of your chosen payment method. The standard new-customer terms apply.
At BetMGM, Venmo deposits also count toward qualifying for the welcome offer. Since Venmo is accepted for deposits there, the $10 minimum deposit requirement can be met through Venmo. The same applies in principle at Borgata, though note that Venmo is a withdrawal-only method there, so you'd fund your account through a different deposit method to trigger the bonus.
As a general rule, sportsbook welcome offers don't discriminate based on banking method as long as the method is accepted and the minimum deposit threshold is met. Occasional exceptions do exist, particularly around prepaid cards or certain e-wallets, but Venmo is treated as a standard e-wallet method and does not typically trigger any exclusions. Always review the current bonus terms before depositing, as conditions can change.
Venmo vs other payment methods
Venmo sits comfortably in the e-wallet category, but it's worth understanding how it stacks up against the alternatives you might already use. The main trade-off comes down to round-trip availability: Venmo is not as universally accepted for withdrawals as PayPal, and it doesn't offer the instant cashout speeds of debit cards at operators that support real-time card payouts.
For most US bettors who already have a Venmo account funded through their bank, it's a convenient and cost-free option. But if fast withdrawals or maximum operator choice are your priorities, PayPal or direct bank transfer may serve you better depending on your preferred sportsbook.
| Feature | Venmo | PayPal | Debit card |
|---|---|---|---|
| Deposit speed | Instant | Instant | Instant |
| Withdrawal speed | 24-48 hours | 24-48 hours | Same day to 3 days (varies by operator) |
| Fees (sportsbook) | None | None | None |
| Round-trip availability | Deposits and withdrawals at select operators | Deposits and withdrawals at most operators | Deposits at most operators; withdrawals vary |
| Bank details shared with sportsbook | No | No | Yes (card number) |
| Ease of use | Very easy, mobile-first | Very easy, mobile-first | Easy, widely accepted |
| Sportsbook acceptance | Select major operators | Wide - most major operators | Very wide |
Is Venmo safe at online sportsbooks?
Venmo uses industry-standard encryption and multi-factor authentication to protect accounts. When you use it at a sportsbook, the sportsbook never receives your bank account number or Venmo login credentials - the transaction is authorized within the Venmo app and only the payment confirmation is returned to the sportsbook. That separation meaningfully reduces your exposure if a sportsbook account were ever compromised.
Licensed US sportsbooks are required to meet strict security and data-protection standards set by individual state gaming commissions. Operators must hold player funds in segregated accounts, implement identity verification, and maintain compliance with anti-money-laundering regulations. These requirements exist regardless of which payment method you use, and they apply to every sportsbook covered on this page.
Venmo also has its own buyer-protection policies for unauthorized transactions. If you ever notice activity on your Venmo account you don't recognize, Venmo has a dispute process in place. Using a strong, unique password and enabling two-factor authentication on both your Venmo and sportsbook accounts provides an additional layer of protection at your end.
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- 15+ sports categories
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- Supports in-play betting and live streaming
What is Venmo and how does it work?
Venmo is a mobile payment service owned by PayPal that lets users send and receive money using a linked bank account, debit card, or existing Venmo balance. It launched in the US in 2009 and grew rapidly as a peer-to-peer payment tool before expanding into broader commerce applications. Today it's one of the most commonly used payment apps in the country, with a social feed element that sets it apart from more traditional e-wallets.
When you make a payment through Venmo, the funds can come from your Venmo balance, your linked bank account, or a linked card. Transfers between Venmo accounts are instant, and bank withdrawals from your Venmo balance arrive in one to three business days via standard transfer (or instantly for a small fee). For sportsbook deposits, the flow is similar: you authorize the payment in the Venmo app, and the funds land in your betting balance right away.
Its popularity in sportsbook banking comes down to the same reason it's popular everywhere else: most people already have it, it's fast, and it doesn't require entering sensitive banking details on a third-party site. As more licensed sportsbooks have added Venmo to their payment menus, it has become a legitimate alternative to PayPal for US bettors looking for a familiar, low-friction deposit option. You can find more options at our broader licensed US sportsbooks hub.
How to create a Venmo account
Setting up Venmo takes only a few minutes. Once your account is active and linked to a bank or card, you can use it immediately for sportsbook deposits.
- Download the Venmo app: Get the Venmo app from the App Store (iOS) or Google Play (Android) and open it.
- Create an account: Enter your email address or mobile number, set a password, and confirm your account via the verification link or SMS code sent to you.
- Add your personal details: Provide your name and date of birth. Venmo may also ask for your Social Security number or a government-issued ID for identity verification depending on your usage level.
- Link a bank account or card: Connect a bank account via routing and account number, or link a debit or credit card. A bank account link is recommended to avoid card funding fees.
- Enable security features: Turn on Touch ID, Face ID, or a PIN to secure your account. Enabling two-factor authentication is also recommended.
- Use it at your sportsbook: Once your account is active, head to your sportsbook's cashier, select Venmo, and follow the authorization prompts to complete your first deposit.
How we rate Venmo betting sites
Assessing sportsbooks specifically for Venmo users means going beyond general quality scores and looking at how the payment experience actually works end to end. Here's what we focus on.
↔️ Venmo availability for deposits and withdrawals
The first filter is whether Venmo is genuinely supported for both directions of payment. A sportsbook that accepts Venmo deposits but doesn't allow Venmo withdrawals rates lower than one that supports the full round trip. We check this at the cashier level, not just from the marketing page.
⏱️ Processing speed
We look at how quickly Venmo deposits clear (it should be instant) and how long withdrawal requests take to reach the Venmo account. Any operator that holds e-wallet withdrawals longer than 48 hours without explanation scores lower on this criterion.
💰 Limits
The minimum deposit matters because it affects how accessible a sportsbook is to casual bettors. Maximum withdrawal caps are equally important for anyone betting at higher stakes. We compare these across operators and flag any limits that would inconvenience typical users.
🚫 Fee transparency
We confirm that neither the sportsbook nor any undisclosed third party is applying fees to Venmo transactions. None of the operators listed here charge fees, but we note this as a check rather than an assumption.
📲 App experience
Since both Venmo and sportsbooks are mobile-first, the quality of the sportsbook's app matters. We factor in App Store and Google Play ratings, how smoothly the Venmo authorization flow works within the app, and whether the cashier UI is intuitive on a small screen.
🏅 Overall sportsbook quality
Payment method aside, the sportsbook still needs to be worth using. We weigh market depth, live betting coverage, the competitiveness of odds, and the quality of the welcome offer when producing our final rankings. A great Venmo integration doesn't compensate for a thin sports menu or a poor bonus structure. If you want to compare free bet offers across operators before committing, that's a good place to start.
More popular betting payment methods
Venmo is one of several convenient ways to fund a sportsbook account in the US. Licensed operators typically support a broad mix of e-wallets, debit cards, and bank transfer options, so if Venmo doesn't fit your needs, there are plenty of alternatives worth exploring. The guides below cover the most widely used methods at a glance.
Final thoughts
Venmo is a genuinely practical choice for sportsbook banking, particularly if you're already using it in everyday life. Instant deposits, no fees, and the separation of your bank details from the sportsbook make it a clean option for funding your account. Where it's accepted for withdrawals too, it completes a convenient, app-native payment loop without the need for separate e-wallet accounts or complicated bank transfers.
The main thing to check before committing to Venmo is whether your chosen sportsbook supports it for withdrawals as well as deposits - the answer varies by operator. Use the comparison table and mini reviews above to find the right fit, and look at the cash-out options available at each book if flexibility on winnings is a priority for you. The welcome offers linked above are a good reason to act sooner rather than later.
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FAQs
Which betting sites accept Venmo?
Several licensed US sportsbooks accept Venmo, including FanDuel, DraftKings, and BetMGM. Borgata accepts Venmo for withdrawals only. Availability may vary by state, so check the cashier section of your chosen sportsbook to confirm Venmo is offered where you're located.
Is Venmo safe to use at online sportsbooks?
Yes. Venmo uses encryption and multi-factor authentication to protect transactions, and your bank account details are never shared directly with the sportsbook. Licensed US sportsbooks also operate under strict regulatory requirements that include data security standards and segregated player fund protections.
Are there fees for using Venmo at a sportsbook?
None of the sportsbooks listed on this page charge fees for Venmo deposits or withdrawals. Venmo itself doesn't apply fees when you fund payments from a linked bank account. If you top up your Venmo balance using a credit card, Venmo's own card-funding fee applies, but that's unrelated to the sportsbook transaction.
How fast are Venmo withdrawals at sportsbooks?
At sportsbooks that support Venmo withdrawals, processing typically takes between 24 and 48 hours. The funds appear in your Venmo account once the sportsbook has released the payment, after which they can be transferred to your linked bank account.
Can I claim a welcome offer when depositing with Venmo?
Yes, in most cases. At operators that accept Venmo for deposits, it's treated the same as other qualifying payment methods for welcome offer purposes. There are no known blanket exclusions tied to Venmo specifically, but you should always review the current bonus terms at the point of sign-up.
What is the minimum deposit with Venmo?
The minimum varies by sportsbook. FanDuel and DraftKings both have a $5 minimum deposit. BetMGM's minimum is $10. These are the standard sportsbook minimums, though Venmo-specific limits in the cashier could differ - check before depositing.
Can I withdraw to Venmo if I deposited another way?
Some sportsbooks require that you withdraw to the same method you used to deposit, while others allow you to use a different withdrawal method. FanDuel notes that most withdrawal methods require a prior deposit with the same method, so it's worth confirming the withdrawal policy in the cashier before depositing with an alternative method if you intend to cash out via Venmo.
Do all states allow Venmo at licensed sportsbooks?
Venmo availability at sportsbooks is generally consistent across licensed states, but the sportsbooks themselves are only available in the states where they hold a license. If a sportsbook isn't licensed in your state, you won't be able to use it regardless of the payment method. Check the "Available in" field in each mini review above to confirm state-by-state access.
