Venmo Betting Sites

Venmo launched its payment processing app services in 2009, and in building a reliable record of secure transactions, it has started to gain acceptance among sports betting sites. In 2013, PayPal purchased Venmo, helping to accelerate the company’s growth and enhance its credibility.

Here, we’ll cover several top sportsbooks accepting Venmo transactions. We’ll also walk through using Venmo at sports betting sites, highlight some of the pros and cons, and offer some alternatives if Venmo is blocked at the sportsbooks in your area.

Best Venmo Betting Sites for 2026

Bettor In Green has chosen these four sportsbooks as the best Venmo betting sites for 2026. For a more in-depth analysis of each operator, be sure to take a look at our sportsbook review pages, which cover mobile app performance, welcome bonus information, details on state availability, and more.

Keep in mind that each sportsbook will require you to use a personal Venmo account rather than a business account for sports betting deposits. Using or attempting to use a business account will result in a rejected deposit and could lead to the termination of your sportsbook account.

You may also need to have a Venmo account linked to your personal bank account, as credit/debit cards may result in transaction rejection.

DraftKings Sportsbook

DraftKings users can make both deposits and withdrawals with Venmo when funding their sportsbook, casino, and DFS accounts on the platform. However, Venmo might not be accepted in all jurisdictions.

Venmo withdrawals typically take up to two days after your request has been approved before the funds arrive in your account.

We recommend DraftKings Sportsbook as a strong option for live betting and for its sterling customer service team.

Caesars Sportsbook

Caesars also allows Venmo for both types of transactions at its sportsbook and casino, and it has one of the most expansive lists of deposit methods in the industry. Its welcome bonuses can be quite lucrative as well, with offers frequently exceeding $1,000 in platform credit.

The betting site is also highly regarded for its rewards program, which offers sportsbook and casino bonuses along with non-betting-related benefits. Additionally, Caesars Sportsbook offers live streams of many sporting events including every NFL game.

FanDuel Sportsbook

FanDuel Sportsbook accepts Venmo for deposits and withdrawals in all states but Tennessee and Connecticut, giving it one of the widest reaches of FanDuel acceptance in the industry. We’ve found the process of linking FanDuel and Venmo accounts to be seamless, making money management easy.

Across the board, FanDuel is the top mobile app in the industry. It is intuitive and easy to use for beginning bettors while having a massive array of markets, especially for same game parlays, that experienced bettors will appreciate.

BetRivers Sportsbook

Closing out our list is BetRivers, which also permits Venmo transactions through its casino and sportsbook platforms. Recent upgrades to both the mobile app and browser version of BetRivers have helped to speed up the deposit process, and BetRivers had the fastest withdrawal time via Venmo in our testing.

BetRivers is an excellent option for odds and line shopping, allowing users to get extra value on the lines they intend to play compared to competing sportsbooks. Users can also take advantage of the iRush Rewards Program to further enhance their betting experience.

Why Use Venmo for Sports Betting?

Venmo is available for both Android and iPhone users which has helped to spur the demand for inclusion among sports betting apps and websites. There are an estimated 68.3 million Venmo users in the United States, making the user base larger than Discover Card, which is more commonly accepted than Venmo at sportsbooks.

Deposits are near-instantaneous in most cases; however, you’re going to run into problems if your Venmo account is only linked to a credit or debit card. Venmo will block the transaction, and the sportsbook may block your Venmo account even if you choose to link it with your bank account later on.

Withdrawals are also relatively quick, though they can take slightly longer than a withdrawal to a debit card or bank transfer. Most of the time, your winnings will land in your Venmo account within 48 hours; if it takes longer than that, reach out to your sportsbook’s customer service team.

Pros & Cons of Using Venmo on Online Sportsbooks

Here are a few pros and cons to consider before choosing Venmo to manage your sports betting transactions.

Pros

• Transactions are secure and encrypted end-to-end
• Sportsbooks that accept Venmo for deposits also tend to accept it for withdrawals, which isn’t the case for all banking methods
• Venmo does not charge fees to move money into or out of your sportsbook account
• Venmo allows you to convert funds from your credit card, debit card, or cryptocurrencies to money in your bank account before moving it into your sportsbook account
• Venmo’s activity feed can help provide transparency and accountability in funding your sports betting activities, keeping you from overspending

Cons

• You’ll need to register for a Venmo account in advance, which won’t take too long but will be slower than using a card
• Venmo accounts that aren’t also linked to a bank account will be rejected
• Venmo has been criticized for being less secure than PayPal
• Venmo may charge a fee when moving your winnings from your Venmo account to your bank account

How to Deposit and Withdraw Using Venmo

The deposit and withdrawal process using Venmo will vary slightly depending on which sportsbook you’re using, but in general, the steps to follow will look something like this:

Deposit Process

1. Set up your Venmo account and log in on the same device you’re using for sports betting
2. Log into your preferred sportsbook in an app or web browser.
3. Click/tap on the “Account” button or “Deposit” icon. You’ll typically find it located in the upper right corner of the web browser and the bottom right corner of the app.
4. Click/tap “Add Method” and select Venmo.
5. Connect your Venmo account to your sportsbook account.
6. Choose a deposit amount.
7. Click/tap on “Submit” and wait for your deposit to be accepted.

In most cases, your deposits will be accepted immediately so you can use your funds right away.

Withdrawal Process

1. Log into your sportsbook account in a web browser or mobile app.
2. Click/tap on the “account” icon or “Withdraw” button, usually located in the upper right corner of the web browser and the bottom right corner of the app. With some sportsbooks, the icon may show your total account balance.
3. Click/tap “Withdraw Funds”
4. Choose a withdrawal amount.
5. Select “Venmo” as the destination for the withdrawal.
6. Click/Tap “Submit.”

Alternatives to Venmo for Sports Betting

While Venmo is a reliable option to fund your sports betting practices, there are certain instances where an alternative may be preferred.

In general, bank transfers are the withdrawal method that gets you money to use in the fastest way. However, because there isn’t a third party between your bank and the sportsbook, there is a direct link between your sportsbook account and bank account, which you may not want as a matter of personal preference.

PayPal is another solid third-party processor, with similar deposit and withdrawal times as Venmo (which makes sense given PayPal owns Venmo). However, there may be differences in the fees when moving money from either PayPal or Venmo to your bank account; these could also apply with Apple Pay and Google Pay.

Conclusion

When picking a sportsbook, it’s important to have a few options that support your preferred payment method. If you prefer using Venmo, we highly recommend you consider DraftKings, Caesars, FanDuel, and BetRivers.

In addition to making money management easy and convenient, each of these operators provides a premium sports betting product that has tons to offer for hardcore and casual bettors alike.

As a reminder, you can learn even more about these operators, their active welcome bonuses, and the states where you can use them in our sportsbook review pages section. Our goal is to make sure you are well-informed about where you’re signing up to make your bets and that you do so in as safe and legitimate a manner as possible.

Good luck, have fun, and always gamble responsibly!

FAQ

Which sportsbooks accept Venmo for withdrawals?

DraftKings, Caesars, FanDuel, and BetRiversSportsbooks all accept Venmo for withdrawals and deposits. Most sportsbook withdrawals through Venmo are completed within 48 hours.

Are there any fees for using Venmo on betting sites?

No, there are no fees for using Venmo on betting sites to move money into or out of your betting account. However, there may be fees associated with moving funds between your Venmo account and your bank account.

How fast are Venmo deposits at sportsbooks?

Venmo deposits at sportsbooks are near-instantaneous in most cases. However, if your Venmo account is only linked to a credit or debit card and not a bank account, the transaction will be blocked.

Is it safe to use Venmo for online betting?

Yes, it is safe to use Venmo for online betting. Venmo encrypts all transactions to and from betting sites and stores user data behind firewalls to protect their personal and banking information.