Venmo Betting Apps: Betting Sites That Accept Venmo for Deposits & Withdrawals

Venmo has established itself as one of the most common payment methods among friends. Easily pay for pizza, a friendly wager at the golf course, your fantasy football dues—basically anything.

But now, the mobile banking platform has become a viable payment option at businesses around the country. That includes many major US sports betting apps, most of which accept Venmo payments through your sportsbook account.

Venmo at Betting Sites: Which Sportsbooks Accept Venmo?

Venmo can be used to make deposits and withdrawals at top sports betting sites in the US, much like Apple Pay or PayPal. Whether you’re making a deposit through your Venmo balance or the bank account connected to your Venmo account, sports betting sites will accept it.

This is a welcome development for many sports bettors, especially those who are looking to have their e-wallet serve as the main contributor to their Venmo sportsbook bankrolls.

Like other online betting banking methods, you will not be able to withdraw bonus bet balances as winnings into your Venmo account. That’s not a Venmo thing, though, that’s part of the terms and conditions (T&Cs) at individual sportsbooks.

You will also not be able to make a withdrawal and receive a payout through your sports betting account unless you’ve previously used it to make a Venmo deposit.

Here’s a list of the best Venmo betting sites and apps, along with links to each:

Using Venmo to Deposit at DraftKings

Making a deposit or withdrawal at DraftKings with Venmo is incredibly simple, especially if you’ve made one before. It’s also fast, as the money comes and goes almost instantly. When you make your initial deposit using Venmo, you can claim a DraftKings promo code.

Deposits:

• Tap the icon that includes your DraftKings balance
• Choose your deposit amount and Venmo as your payment option
• Connect your Venmo account to DraftKings using your Venmo credentials
• Tap the “Deposit $X” button

If you’ve already made a deposit with Venmo at DraftKings, it’s even easier. Just tap your balance, select your amount and slide the slider to the right to confirm your deposit.

DraftKings has a minimum deposit amount of $5. For unverified Venmo accounts, the deposit limit is $299.99. It is $4,999.99 per transaction and $19.999.99 per week for verified accounts.

Withdrawals:

• Tap into your account details
• Choose “Withdraw” and select the amount you’d like to withdraw from your account
• Select Venmo as your withdrawal method and make sure your Venmo account is the one selected
• Tap “Request Withdrawal”

There’s no minimum withdrawal for Venmo users at DraftKings, but there is a $20,000 max. While it says the funds will be available within 1-2 days, I’ve found it’s almost instant.

Outside of Venmo, there are a great selection of new payment methods at DraftKings.

Using Venmo to Deposit at FanDuel

Using Venmo as your banking method at FanDuel is quite similar to using it at DraftKings. And, like with other payment methods, if you use Venmo for your initial deposit, you can claim the FanDuel promo code.

Deposits:

• Tap or click into your account
• Tap or click the “Deposit” button
• Choose the Venmo option under “Quick Deposit”
• Select the amount you will be depositing
• After you hit the deposit button, it will pull you to the Venmo mobile app to confirm the deposit

Withdrawals:

• Tap or click into your account
• Tap or click the “Withdraw” button
• Choose the Venmo option under “Fast Withdrawal”
• Choose your amount and verify the correct Venmo username is selected, and hit “Withdraw Funds”

Using Venmo to Deposit at ESPN BET

You can also claim the ESPN BET promo code DIME when making your first deposit with Venmo.

Deposits:

• Tap or click into your account and choose deposit
• Select Venmo as your payment method
• Choose the amount you want to deposit and hit continue
• ESPN BET will open the Venmo app on your phone where you can select your bank or Venmo balance to make the transaction
• Confirm the transaction

During this process, you’ll receive a notice from ESPN BET that only one Venmo account can be linked to your ESPN BET account, and that it cannot be changed at any time.

Withdrawals:

• Tap or click into your account and choose withdraw
• Select Venmo as your withdrawal method
• Choose the amount you want to withdraw (minimum of $10)
• Hit continue and confirm the withdrawal

Using Venmo as a Banking Method With bet365

Venmo is an accepted banking method at bet365 Sportsbook, which means you can make your initial deposit using the online banking app and claim bet365 bonus code SBDXLM.

Deposits:

• Click Deposit in the upper right-hand corner of the app
• Select Venmo from the dropdown menu and choose your amount (minimum $10)
• bet365 will send you to the Venmo app to confirm the transaction

There is a PaySafe pop-up that will come onto your screen as the Venmo app is being opened, but that is simply the two apps connecting. There are also a range of different bet365 deposit methods to choose from.

Withdrawals:

• Click or tap into your account and choose “Withdraw”
• Choose Venmo from the dropdown menu
• Enter the amount you want to withdraw and click continue

Using Venmo to Deposit at Fanatics Sportsbook

Your Venmo account can be used as a deposit and withdrawal method at Fanatics Sportsbook, which will allow you to take advantage of our Fanatics Sportsbook promo code.

Deposits:

• Click or tap your account balance in the upper right-hand corner
• Select Venmo as your banking method
• Choose the amount you want to deposit
• When Fanatics takes you to your Venmo app, confirm the transaction

There’s a minimum deposit of $5 with Fanatics.

Withdrawals:

• Click or tap on the person icon representing your account
• Choose withdraw
• Select Venmo as your withdrawal method
• Enter the amount you’d like to withdraw and hit the withdraw button

Using Venmo to Deposit at BetMGM Sportsbook

Venmo is accepted as a method of deposit and withdrawal at BetMGM Sportsbook. You can use the Venmo app to make your initial deposit at the sportsbook and claim our BetMGM bonus code.

Deposits:

• Tap or click the deposit button from the BetMGM homepage
• Choose Venmo as your deposit method
• Enter the amount you’d like to deposit
• After you hit deposit, you’ll be sent to the Venmo app to confirm the transaction

There is a minimum deposit of $10 with Venmo, and a maximum of $2,999.99.

Withdrawals:

• Tap or click into your account and select Withdraw
• Choose Venmo as the method
• Enter the amount you’d like to withdraw, confirm your email and tap or click withdraw

Using Venmo to Deposit at Caesars Sportsbook

Caesars is another sportsbook that accepts Venmo as a method of banking. You can make your initial deposit with Venmo and claim Caesars Sportsbook promo code SBD1000.

Deposits:

• Click or tap into your account and select Deposit
• Choose Venmo as your deposit method
• Enter the amount you’d like to deposit and hit submit
• You’ll be sent to the Venmo app to confirm the transaction

Withdrawals:

• Click or tap into your account and select Withdraw
• Choose Venmo as the account you’d like to withdraw into
• Enter your amount and submit

Using Venmo to Deposit at BetRivers

You can use your Venmo account as a banking method at BetRivers and claim the BetRivers promo code when making your initial deposit.

Deposits:

• Click or tap the Cashier button, which also includes your current balance, and choose deposit
• Select Venmo as your deposit method
• Enter the amount you’d like to deposit
• After clicking the “Venmo” button, you’ll be sent to the Venmo app to confirm your transaction

Withdrawals:

• Click or tap the Cashier button, which also includes your current balance, and choose withdrawal
• Select Venmo as your withdrawal method
• Enter the amount you’d like to withdraw and submit

Advantages to Using Venmo for Deposits and Withdrawals on Sports Betting Apps

The biggest advantage to using Venmo as a deposit and withdrawal method at online sportsbooks is convenience. It’s one of the best ways to take advantage of fast payout sportsbooks.

You won’t need to look up your bank account number (like you would for a bank transfer) or even pull your debit card out of your wallet. If you have the Venmo app loaded and active on your mobile device (Apple or Android), sportsbooks will simply switch to it to confirm your deposit.

It’s incredibly quick and easy to use Venmo on online gambling apps, and the money will arrive in your account instantly.

Money also flows quickly the other way, arriving in your Venmo account almost instantly in most cases.

The number of sportsbooks that accept Venmo has also grown to nearly match the number of PayPal betting sites on the market.

Rules and Restrictions for Venmo at Sportsbooks Apps

While using Venmo as a deposit method at online sportsbooks is relatively painless, that doesn’t mean there aren’t rules and restrictions. Here’s a look at some worth noting:

Potential Limits

Different online sports betting apps will have different limits on how much you can deposit at a given time, whether using Venmo or not. Fortunately for you, the best sportsbooks will clearly list their limits as you’re about to make that deposit.

Having a Backup Account for Your Venmo

While Venmo is not your bank account, most sports betting apps will require that there is a backup account linked to your Venmo, and that must be a bank account—not a credit card.

Venmo already requires a backup, so for verified accounts this shouldn’t be an issue. But if you haven’t connected your bank account to your Venmo account, there might be an extra step required.

Processing Times

There’s always the chance that transactions can get caught up in the web that is Internet servers and delay your deposit or withdrawal. Sportsbooks typically cover themselves for these situations by listing 1-2 days as processing time for a Venmo transaction.

But, in my experience, Venmo transactions have been almost instant at all sportsbooks.

Potential Fees

I did not encounter any fees when making deposits with Venmo at online sports betting apps.

Venmo Sports Betting Apps FAQ