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, FanDuel Sportsbook and FanDuel Casino is the only brand with Venmo. However, Caesars and BetMGM will also add Venmo in the coming weeks, and BetMGM is the only online sports betting app that currently offers Apple Pay.
Betting Apps With Venmo Now
We’ll update this article with betting apps that accept Venmo. In the meantime, here is the full list:
- FanDuel Sportsbook – Deposit with Venmo for a risk-free bet up to $1,000
- FanDuel Casino – Deposit with Venmo for a risk-free first 24 hours up to $1,000
FanDuel Sportsbook is available in the following states: AZ, CO, CT, IL, IN, IA, LA, MI, NJ, NY, PA, TN, VA, WV, and WY. FanDuel Casino is available in Michigan, New Jersey, Pennsylvania, Connecticut (as Mohegan Sun), and West Virginia.
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 the Caesars Casino bonus offers available for your state
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 card 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.