When it comes to sports betting, bettors have many options. Venmo is one among the many alternatives available to sports bettors when it comes to online sportsbooks and betting markets.
This also applies to withdrawal and payment methods. Sports bettors have multiple options for funding and withdrawing funds from their accounts, including as bank transfers, debit/credit cards, and more.
Among the most widely used techniques are digital wallets such as Venmo, Apple Pay, and PayPal. In this betting tutorial, we’ll be focusing on Venmo in particular.
These are some of the most well-known sportsbooks where Venmo is accepted for withdrawals and payments because not all sportsbooks allow it.
Why Use Venmo for Sports Betting?
When used as a deposit or withdrawal option for online casinos or sportsbooks, Venmo offers a number of benefits.
To begin with, it’s practical. If you already have a Venmo account, you can quickly link it in a matter of minutes to your preferred sportsbook. From there, using Venmo—which is user-friendly and mobile-friendly—to make payments is quick and simple.
Moreover, it is trustworthy. When using sports betting apps and gambling websites, Venmo has a high transaction success rate. Other payment options, such bank accounts or credit/debit cards, may be declined or reported as fraudulent. With Venmo, these problems are less frequent.
Thirdly, it’s secure. With a lengthy history of enabling consumers to conduct secure transactions, Venmo is a reliable company. Operating since 2009, it has been under the ownership of PayPal since 2013. PayPal is a highly dependable payment service provider. Venmo has more than 80 million users and robust security features to protect your data.
And lastly, it moves quickly. It normally just takes a few seconds for Venmo deposits to appear in your account, so you may place a bet right away. Venmo is still quicker than other options, even though withdrawals take a little longer. Venmo withdrawals normally occur in 24-48 hours, according to users.
Primarily, Venmo helps you save time. If you want to place a live bet before the odds change, it’s crucial that you don’t have to physically enter your payment information each time you make a deposit or withdrawal.
Top Venmo Betting Websites
BetRivers Sportsbook
Like other leading bookmakers, BetRivers will return your initial bet in the event that it is unsuccessful.
If a user uses the promo code SPORTS to sign up with BetRivers and deposits at least $10 using Venmo or another payment method, they will receive a bonus bet in the event that their initial wager is unsuccessful.
If a wager doesn’t work out, the offer, which varies by state and amounts from $100 to $500, gives bettors another shot.
FanDuel Sportsbook
Sports bettors love FanDuel Sportsbook because of its clear, intuitive design. It should come as no surprise that a sportsbook with such a sleek appearance takes several different payment and withdrawal options, including Venmo.
While FanDuel and DraftKings are comparable in many aspects, they diverge in one key area: sign-up bonuses. After creating a new account, depositing at least $5, and winning your first $5+ wager, you can receive $150 in bonus bets at FanDuel.
If you sign up using this link or the banner on this page, you do not require a promo code.
Fanatics Sportsbook
One of the newest sportsbooks available, Fanatics Sportsbook amalgamated with PointsBet Sportsbook and opened for business in 2023.
It should come as no surprise that Fanatics takes more recent payment and deposit options like Venmo.
It offers users a special welcome offer, a smooth interface, and daily odds boosts.
Fanatics will double your initial bet every day with a bonus bet up to $100 for the first ten days after you sign up. To get your bonus bet, simply opt in and bet at least $5 every day. No promo code is required.
Furthermore, Fanatics offers an exceptional rewards program that awards FanCash to bettors for each wager. This FanCash can then be redeemed for goods credit at the retail Fanatics website or bonus bets at the sportsbook.
Caesars Sportsbook
Caesars Sportsbook, a well-known brand in sports betting, is an elite online sportsbook with the greatest odds boosts in the business, providing dozens of boosts every day on a wide range of sports and games.
Venmo is among the several accepted payment and withdrawal options offered by Caesars.
Caesars offers odds enhancements in addition to a special promotion for new users. In the event that their initial gamble is unsuccessful, they will be awarded a bonus bet up to $1,000.
When registering for Caesars, new users must enter the code FORBES1000 in order to be eligible for this promotion.
ESPN BET
One of the newest sportsbooks on the market, ESPN BET debuted in November 2023 following a rebranding from Barstool Sportsbook.
With ESPN support, this sportsbook offers a cutting-edge sports betting experience with competitive odds, quick load times, exclusive odds boosts, and regular promos. There’s a welcome deal for new clients as well.
DraftKings Sportsbook
One of the most well-known and often utilized sportsbook brands in the United States is DraftKings Sportsbook. It provides several ways to make payments and withdrawals, including Venmo.
The Parlay Builder tool from DraftKings is a favorite among bettors since it makes creating parlays and same-game parlays fast and simple. Apart from sports betting, one of the most well-liked DFS choices for fantasy gamers is DraftKings.
Every day, DraftKings offers exclusive sign-up bonuses to new users in addition to promotions. Whatever the outcome of their first bet, new players who sign up, deposit, and bet at least $5 will receive $150 in bonus bets.
Use this link to sign up with DraftKings if you’re a new user. Proceed to register for a new account, deposit $5, and place your first bet of at least $5 on anything you choose. Whether you win or lose, you’ll get $150 in extra wagers.
BetMGM Sportsbook
Sports bettors can expect an excellent experience from BetMGM Sportsbook.
One explanation for this is because BetMGM, which takes Venmo, makes it simple to deposit and withdraw money.
BetMGM’s welcome bonus, which reimburses new customers up to $1,500 in bonus bets in the event that their initial wager is unsuccessful, is another factor. When registering, enter the offer code FORBES1500.
This gives you the confidence to place a large first wager because you are protected should it fail.
