Venmo Betting Sites September 2025: Sportsbooks That Take Venmo

While these best Venmo betting sites feature a number of banking options those that take Venmo are typically considered the top-tier. Betting with sportsbooks that take Venmo deposits and withdrawals continue to grow in popularity as this payment method is one of the fastest and safest payment methods that also doesn't require fees. Here are the best Venmo betting sites reviewed. 

How We Rate the Best Venmo Betting Sites

We at RotoWire maintain the utmost objectivity in rating the Best Venmo Betting Sites, utilizing our unique in-house rating system. Our team of online betting experts evaluate these brands while taking into account user interface, promos and bonuses, banking options, customer service and unique features. You can trust our reviews and ratings as they come from a team of experts with decades of experience in sports betting and research and consulting as well. 

When you're creating a new sports betting account, here are the top eight Venmo betting sites:

1. BetMGM
2. Fanatics Sportsbook
3. bet365
4. DraftKings
5. Caesars Sportsbook
6. FanDuel
7. BetRivers
8. ESPN BET

The best Venmo betting sites are ranked below. While we love these sites because they offer Venmo deposits and withdrawals, they also offer great betting features and bonuses that bettors can take advantage of. 

1. BetMGM

BetMGM is one of the best Venmo betting sites. The brand offers a wide variety of betting markets, wager types and ongoing bonuses and promos, so there's something for every bettor here. 

And the cherry on top is the BetMGM bonus code ROTOSPORTS (or ROTOBONUS in KY, MA, NY) to claim a first bet offer of $1,500. 

2. Fanatics Sportsbook

Despite being on of the newer sportsbooks to hit the betting scene, Fanatics Sportsbook has quickly become one of the most popular betting sites that offer Venmo. This is a great operator that is easy to use and offers a great loyalty program that rewards FanCash to bettors. 

So head over and remember to claim the Fanatics Sportsbook promo code that grants a variation of bonus bets ranging from $250 to $300 OR up to $1,000 in No Sweat Bets.

3. bet365

bet365 is the most popular sportsbook globally, and it just so happens that it's also a sportsbook that takes Venmo. bet365 is rapidly expanding in the US, so there's a good chance that you'll be able to experience this sports betting site that offers some of the best odds and promos. 

To make things better, the bet365 bonus code is one of the best among Venmo betting apps - giving users the choice between a Bet $5, Get $150 in bonus bets instantly welcome offer OR a first bet safety net of up to $1,000.  

4. DraftKings

DraftKings is a well-known brand across all of sports betting and daily fantasy sports, so it should come as no surprise that this also a Venmo sportsbook. While DraftKings offers some of the best odds and lines in the game, the DraftKings promo code is an awesome grab that grants $150 in bonus bets just for betting $5. 

5. Caesars Sportsbook

Caesars Sportsbook has emerged as one of the best Venmo online betting sites over the last few years. Chances are you've heard of the Caesars brand, and for good reason, as Caesars is a legendary name in the gambling industry. In addition, the Caesars Sportsbook promo code ROTODYW is a great choice given you receive 100% profit boosts to use on your next 10 bets. 

6. FanDuel

FanDuel is the top Venmo sports betting site if you're looking for a great sports betting experience. This brand offers the best odds and a ton of betting markets, while the FanDuel promo code is tough to beat as it gives new bettors $150 in bonus bets if their first $5 bet wins. 

7. BetRivers

BetRivers is yet another great Venmo online betting site for several reasons - including a great rewards program and a user friendly interface. Add in the BetRivers promo code that grants new users the 2nd Chance Bet Up To $500 welcome offer. 

8. ESPN BET

ESPN BET is one of the top Venmo betting sites for a variety of reasons - including a great rewards program, ongoing bonuses and our exclusive welcome offer with the ESPN BET promo code ROTO. 

Venmo is a mobile payment provider that allows users to send and receive money via a smartphone or website. It's a popular app that works similar to PayPal (parent company of Venmo) that allows users to transfer money on a peer-to-peer basis and also conduct business. 

More recently, Venmo has been emerging as a popular banking option for sportsbooks given its simplicity and security. If you're looking for an easy and safe way to transfer money to your sports betting account, give Venmo or PayPal betting sites a try. 

If you have an iOS device, you might also want to consider trying out one of the Apple Pay betting sites. 

Getting started with a Venmo betting site is easy. Follow these steps to learn how to fund betting sites with a Venmo account in no time.

1. ✅ Create a Venmo Account: Sign up for a Venmo account and link it to your bank account or debit card. 
2. ✅ Choose a Venmo Sports Betting Site: Choose a sports betting site that allows Venmo as a banking option. Fortunately, most sportsbooks allow Venmo. 
3. ✅ Deposit Funds from Venmo: Select Venmo as a deposit method on your chosen sportsbook and entered the desired amount. 
4. ✅ Place Your Bets: Once your deposit goes through and your account is funded, you can begin placing bets. 
5. ✅ Withdraw Winnings: If your bet wins, you can withdraw your sports betting winnings through Venmo. 

As long as you follow these steps, it's easy to get started with betting sites that accept Venmo.

How to Deposit at Venmo Sportsbooks

Making deposits at sportsbooks that allow Venmo is a simple process that allows you to deposit and withdraw money nearly instantly. Note that this process will differ among each sportsbook. Here's how to do so:

1. Head to the banking options section
2. Select Venmo as your deposit method
3. Select the amount you wish to deposit (usually $10 minimum)
4. Connect your Venmo account
5. Confirm your deposit

Note that Venmo has a maximum deposit limit of $5,999 per transaction and $19,999 per week for verified accounts. For those with unverified accounts, you're limited to $299 daily for deposits. 

How to Withdraw at Venmo Sportsbooks

Withdrawals at sportsbooks allowing Venmo are also an easy process. 

1. Head to the banking section
2. Choose "Withdraw" and select the amount that you wish to withdraw
3. Venmo should already be your default banking option, if not, select Venmo as your withdrawal method
4. Tap Request Withdrawl

There's no minimum withdrawal amount for users at Venmo sports betting sites, though there is a maximum of $20,000. 

How Fast is the Withdrawal Time at Venmo Sports Betting Sites?

The withdrawal time at Venmo sports betting sites can be nearly instant if your account is linked. If it's not linked, it can take up to 48 hours, which is still much better than most other sportsbook withdrawal options. 

Security

Venmo sportsbooks prioritize user safety, making them a secure option for online gambling. Venmo, owned by PayPal, employs advanced security measures such as 256-bit data encryption to protect your financial information during transactions. This ensures that your sensitive data, like bank account details, remains safe when depositing or withdrawing from Venmo gambling sites. 

Additionally, Venmo offers two-factor authentication and a 24/7 anti-fraud department to monitor and address suspicious activity, reducing the risk of breaches. By acting as an intermediary between your bank and Venmo sportsbooks, sports betting with Venmo prevents direct sharing of your financial details with betting platforms, adding an extra layer of privacy and security. 

However, users should disable Venmo's social feed to keep betting transactions private, as this feature can inadvertently broadcast activities unless turned off.

Speed

Sports betting with Venmo is known for its rapid transaction processing, which is ideal for the fast-paced nature of online betting. Deposits to Venmo sportsbooks are typically instant, with funds appearing in your betting account within seconds to minutes, allowing you to seize betting opportunities without delay. 

Withdrawals are also notably quick, often processed within 24 to 48 hours, and in some cases, funds can arrive in your Venmo account almost immediately. This speed makes Venmo gambling sites particularly appealing for bettors who value quick access to their winnings, outperforming slower methods like bank transfers or card withdrawals. 

For example, top platforms like FanDuel and DraftKings process Venmo deposits instantly and withdrawals within a couple of days, ensuring a seamless betting experience.

Convenience

Venmo sports betting is incredibly user-friendly, making it a top choice for both casual and experienced bettors. The Venmo app, available on iOS and Android, integrates seamlessly with Venmo sportsbooks, allowing you to deposit or withdraw funds with just a few taps on your mobile device. You don't need to manually enter bank or card details for each transaction, which saves time and reduces the risk of errors. 

Linking your Venmo account to a sportsbook takes minutes, and once set up, Venmo becomes a saved payment option for future use. This mobile-friendly design aligns perfectly with the on-the-go nature of sports betting, enabling you to manage your Venmo gambling sites bankroll effortlessly from anywhere. 

Additionally, Venmo's widespread use in the U.S. means many bettors are already familiar with the platform, further enhancing its accessibility.

Low Fees

One of the standout benefits of sports betting with Venmo is its cost-effectiveness. Venmo typically charges no fees for deposits and withdrawals to and from Venmo sportsbooks when using a linked bank account or Venmo balance. 

This is a significant advantage over other payment methods that may impose processing fees, such as credit cards (which often incur a 3% fee) or certain e-wallets. While instant transfers may occasionally involve a small fee (e.g., 1% or up to $10 for non-standard transactions), most sportsbooks like FanDuel, BetMGM, and DraftKings cover these costs, ensuring bettors keep more of their winnings. 

This low-fee structure makes Venmo gambling sites an economical choice for managing your betting funds, especially for frequent transactions.

Venmo sportsbooks are among the best available options for banking when betting on sports. However, just like any other banking option, Venmo sports betting does come with its pros and cons. 

Read on to learn about the pros and cons of betting with Venmo sportsbooks. 

Pros of Venmo Online Betting Sites

1. ✅ Ease of Use. Venmo is one of the easiest banking options to use.
2. ✅ Security and Privacy. Venmo is secure and you have the option to privatize your transactions.
3. ✅ User-Friendly Interface. The interface at Venmo is simple without any additional clutter. 

Cons of Venmo Online Betting Sites

1. ❌ Need to Link Your Venmo Account. You need to link your Venmo account in order to achieve the best experience while using Venmo to fund your account. 
2. ❌ Availability. Venmo may not be available on each sportsbook.

While using Venmo while sports betting is a painless process, there are still rules and restrictions associated with using this payment method. Here's what to keep mind of:

Potential Limits

Venmo's limits are designed to mitigate fraud but can feel restrictive for frequent bettors. Always check the specific sportsbook's limits, as they may differ from sportsbooks that allow Venmo, and unverified accounts face significantly tighter restrictions, making verification essential.

Processing Times

While Venmo's instant deposits are a major advantage for quick betting, withdrawal times can be inconsistent. Bettors should plan for potential delays, especially with unverified accounts or during high-volume periods, and contact customer support if funds are delayed beyond the stated timeframe.

Potential Fees

While Venmo itself is low-cost, bettors should be cautious of instant transfer fees and ensure their sportsbook's bonus terms include Venmo deposits. The lack of clarity on fees for third-party services like MatchPay suggests potential hidden costs, so always verify with the sportsbook.

Venmo, launched in 2009 by Andrew Kortina and Iqram Magdon-Ismail, began as a peer-to-peer payment platform to simplify money transfers between friends, initially using SMS and later transitioning to a mobile app by 2011. Acquired by Braintree in 2012 and PayPal in 2013, Venmo gained traction for its user-friendly interface and social features, growing to over 80 million users by 2025. 

Its expansion into commercial transactions allowed Venmo to be adopted by businesses, including sportsbooks, starting around 2021 when FanDuel pioneered its integration for deposits and withdrawals. The Moneyline payment platform's support for Venmo in 2022 enabled other major sportsbooks like DraftKings, BetMGM, Caesars, and BetRivers to offer it as a payment method. Venmo's popularity for betting grew due to its speed, security, and convenience, though its adoption remains limited to select U.S.-based sportsbooks. 

Today, Venmo is a preferred choice for bettors at licensed sportsbooks, but its use is restricted to states where online gambling is legal.

Legalization of PayPal Gambling Sites USA

The legalization of Venmo gambling sites in the U.S. is tied to the broader history of sports betting legalization, which was catalyzed by the U.S. Supreme Court's 2018 decision to overturn the Professional and Amateur Sports Protection Act (PAPSA), allowing states to legalize sports betting. 

Venmo, as a payment method, is only permitted at licensed and regulated sportsbooks in states where online betting is legal, ensuring compliance with state gaming regulations. However, Venmo's availability varies by state; for example, it is not accepted for deposits in New Jersey but is supported in other legal states like Colorado and Virginia. 

Sportsbooks that are state-licensed integrate Venmo to offer secure and fast transactions, but bettors must use licensed platforms to ensure fund safety and regulatory compliance. Restrictions remain, such as bans on betting on college sports in some states (e.g., Virginia) and requirements for age (21+) and geolocation verification. Despite its growing use, Venmo is not universally accepted, and some states like Tennessee and Connecticut do not allow it for gambling transactions. The industry faces ongoing scrutiny, with lobbying efforts by gambling firms resisting consumer protection measures, highlighting the tension between expansion and responsible gambling.

The best Venmo betting sites in sports betting states include the likes of BetMGM, Caesars Sportsbook, bet365, DraftKings and FanDuel. We recommend betting with Venmo online betting sites as these provide safe and simple deposit and withdrawal options with some of the best sports betting bonuses in the US. So sign up with one of these sportsbooks and bet with Venmo betting sites today!