Betting apps with Venmo have been elusive for years. But, finally, Venmo is starting to become available to bettors in states with legal online gambling. Right now, DraftKings and FanDuel are the only two legal US gambling apps that accept Venmo.
However, Caesars and BetMGM are also expected to add Venmo soon, and BetMGM is the only online sports betting app that currently offers Apple Pay. These new payment options are a welcomed addition in a world where they are becoming more popular by the second.
Current Venmo Sports Betting Sites October 2023
We’ll update this article with betting apps that accept Venmo. In the meantime, here is the full list:
|Venmo Gambling App||Accepts Venmo?||States Available||Bonus Code|
|DraftKings Sportsbook||Yes||AZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MI, NH, NJ, OH, PA, VA, WV & WY||$50 Free Bet with $5+ deposit + 20% deposit-match bonus up to $1,000|
|DraftKings Casino||Yes||MI, NJ, PA & WV||$35 no deposit bonus + $25 free on deposit + 100% deposit-match up to $2,000|
|FanDuel Sportsbook||Yes||AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV & WY||$200 no sweat first bet|
|FanDuel Casino||Yes||MI, NJ, PA & WV||50 on $10+ deposit + up to $1,000 in losses back after first 24 hours|
Real-money online casinos are legal in the following states:
- Michigan Casinos Online
- New Jersey Casinos Online
- Pennsylvania Casinos Online
- Connecticut (as Mohegan Sun)
- West Virginia
Many more states allow online sports betting, and FanDuel and DraftKings are in them all. To learn more:
- DraftKings Sportsbook Review
- DraftKings Casino Review
- FanDuel Sportsbook Review
- FanDuel Casino Michigan Review
- FanDuel Casino PA Review
Which Apps Will Get Venmo Soon?
According to reports, the newest betting apps with Venmo will be Caesars Sportsbook & Casino and BetMGM Sportsbook, Casino, & Poker. In the meantime, you can use one of the many available payment methods, including PayPal (which owns Venmo), online bank transfer, Play+ Card, debit card, and more.
- BetMGM Casino – Sign up for $25 free, no deposit required
- Caesars Casino – See all Caesars Casino promo codes
Not sure if your state offers BetMGM or Caesars? See our sports betting guide for all the best online sportsbook promotions, or our online casino guide for the top bonus codes.
4 Advantages Of Betting With Venmo
The number one advantage to betting with Venmo is the convenience of using a payment app you already have. Personally, that’s why I was excited to see Venmo on the FanDuel app. As someone who usually has some amount of money in my Venmo account, it makes it easy to throw $10 or $20 into my FanDuel bankroll or to withdraw money from my FanDuel account to pay someone. It just doesn’t get more convenient than that.
You also don’t have to have money in your Venmo account to use it as a deposit method. If you have a lower balance than the amount you want to deposit, the money will simply come from the online bank account you have connected to your Venmo account.
2. Completely Free
Venmo doesn’t have any fees for personal use. That means you can deposit into your betting app, withdraw your winnings, and transfer the money to and from your bank account, all for free.
However, Venmo does charge a small fee for instant transactions. If you’re not willing to wait a couple of days for your Venmo balance to transfer to your bank account, you can choose to pay 1.5% of the money (maximum $15 charge) to have the money instantly available.
3. Safe & Secure
Venmo is a trusted, extremely popular, and reliable e-wallet app. It’s owned by PayPal and licensed in the US as a mobile payment service. The company employs the highest levels of encryption and online protections, including the option to enable two-step authentication.
4. Available For Deposit & Cashout
Many of the more convenient deposit methods at online gambling apps are deposit only, including debit and credit cards and PayNearMe. Venmo, on the other hand, is available for both deposit and withdrawal, and it’s an even more convenient option than a debit card for people (like me) who already utilize the app.
Also, you usually have to use PayPal to deposit before you can use it to cash out winnings. Venmo is a withdrawal option even if you deposit using something else. So, at least in that sense, it’s even more convenient than PayPal.
How To Sign Up For Venmo
Signing up for Venmo is a relatively quick and easy process and can make it easier for you to get started with Venmo Sports Betting. All you’ve got to do is follow the simple steps below to take advantage of all the benefits of Venmo we listed above.
- Venmo is only available on mobile. So, to begin, you need to download it from either the iOS App Store or the Android Play Store. Once you’ve downloaded the app, open it up to get started.
- Choose a sign-up method and create your password.
- Verify your phone number and email address for added security.
- Lastly, add and verify the bank account you’d like Venmo to be paired with.
It’s that simple. Once you’re signed up for Venmo, you can use it for deposits and cashouts on DraftKings, FanDuel, and any gambling sites that add it as an option in the future. Keep in mind that in many cases, you must have first deposited with Venmo in order to be able to withdraw back to Venmo for your own security.