Last updated on: August 29th, 2024
Legal Venmo Sports Betting Sites In 2024
The number of legal Venmo sports betting sites continues to increase. That’s because the sportsbooks that accept Venmo know it’s a very popular way for players to deposit and withdraw in 2024. There has also been a growth in Venmo betting sites because the app now allows players to buy and transfer crypto. That is important because not every sportsbook is like Bovada, which allows users to deposit with Venmo using MatchPay or crypto. No other legal sportsbooks have MatchPay, which is why the crypto function of Venmo is so important for sites like BetOnline and MyBookie. We cover both ways to bet on sports with Venmo below as well as the deposit limits, deposit bonuses, and payout limits available at the sportsbooks that take the payment method.
| Rank | Sportsbook | Bonus Offer | Play Now |
|---|---|---|---|
| 1 |  |
Exclusive 50% Bonus Code up to $1000!Read Review | BVD1000 in Cashier |
| 2 |  |
50% Up To $1,000Read Review | Visit BetOnline! |
| 3 |  |
50% Up To $1,000 Read Review | Visit MyBookie! |
| 4 |  |
100% Up To $300Read Review | Visit Xbet! |
| 5 |  |
50% Up To $1,000 Read Review | Visit SportsBetting! |
Best Sports Betting Sites That Take Venmo In 2024
Even though Venmo is a state-regulated service for holding, sending, and receiving funds, the P2P system is not currently offered by all of the major legal sports betting sites. However, there are a few sports betting Venmo sites that allow big or small deposits in 2024.
#1
Bovada Sportsbook
Best Book For Venmo Sports Betting
As one of the most popular and most available legal sportsbooks on the market, Bovada has added Venmo transactions to its large portfolio. When using Venmo to fund a Bovada account, bettors must go through the MatchPay process to make a deposit. Bovada has first-time deposit bonuses that can be redeemed with this Venmo to MatchPay process that can go up to $250. This bonus has a 5x rollover requirement and can be used to bet on all different sports around the US, from NFL season to international sporting events.
Rating: 
- Accepts Venmo Deposits
- Exclusive player props
- Easy-to-use interface
- Mobile friendly
- Efficient payouts
Is It Legal To Bet On Sports With Venmo?
Using Venmo to bet on sports is a legal and secure process that has become popular in the sports betting community. There are legal sports betting sites that accept Venmo that are internally licensed, and other books that are state regulated. No matter which route, using MatchPay or direct Venmo transactions is safe and legal across the United States.
Benefits Of Using Venmo To Bet On Sports At Bovada
- 15 Minute Processing Time
- No fees for deposits with Venmo
- Trusted and secure method
Drawbacks To Venmo Sports Betting Deposits At Bovada
- Payouts require finding a MatchPay agreement
Depositing Venmo Into A Legal Betting Site
Using Venmo at Bovada for legal sports betting deposits requires the assistance of a service called MatchPay because the sportsbook does not allow direct Venmo transactions. This service is essentially a marketplace that is overseen and accessed through Bovada that hooks up bettors who have funds in their Bovada account and other bettors who want to fund their Bovada account. Bettors will have to create an account with MatchPay, and the prompt can be found on Bovada’s withdrawal page. There is a MatchPay option that can select with a “join now” link.
There is a live chat function that allows these bettors to interact and find the perfect match, for secure person-to-person transactions. If a bettor wanted to put $500 into their Bovada account, they would find somebody that wanted to get their $500 Bovada account paid out. The bettor wanting to fund their account would send the money through Venmo to the bettor wanting to cash out, and when the payment is processed, Bovada transfers the funds between accounts. Because of MatchPay, Bovada is one of the most efficient sportsbooks that take Venmo deposits.
Limits For Venmo Deposits Through MatchPay
| Sportsbook | Min | Max | Fees | Processing Time |
|---|---|---|---|---|
| Bovada | $20 | $1,000 | none | 15 Minutes |
Bonuses With Venmo Sportsbook Deposits
When depositing with Venmo, bettors have the chance to receive bonuses on their deposits. Claiming sports betting bonuses can be very beneficial for bettors who want to consistently place legal sports wagers and keep their bankroll funded. However, bonuses often have rollover requirements, that set an amount to how much has to be bet/won before any payouts can be requested.
Best Current Venmo Bonus
| Sportsbook | Code | Type | Max | Min | Rollover |
|---|---|---|---|---|---|
| Bovada | Not Needed | Welcome | $250 | n/a | 5x |
Withdrawing Sports Betting Winnings To Venmo
When requesting legal sports betting payouts through Venmo, betting sites like Bovada require MatchPay, just like with deposits. This is the same system of linking up with another player, but this time looking for somebody who is wanting to fund their Bovada account. After logging into your MatchPay account through Bovada’s website, a bettor will simply look for somebody who wants to send them the equivalent amount through Venmo for their Bovada sports betting credit.
Limits For Venmo Withdrawals Through MatchPay
| Sportsbooks: | Min Payou: | Max Payout: | Fees: | Processing Time: |
|---|---|---|---|---|
| Bovada | $20 | $1,000 | Within 24 Hours | No Fees |
Legal Mobile Betting With Venmo
There are many US mobile sportsbooks that allow you to fund your account with Venmo straight from your device. Whether rocking an iPhone, Samsung, Google Pixel, or other smartphone device, sportsbooks are taking bets on hundreds of different game lines and props without leaving their house. Legal Venmo sports betting sites like Bovada do not technically have a mobile app but it can be used from the mobile browser of a mobile device.
Bovada offers an optimized and secure sports betting experience from any smartphone device for players all around the US. Even if a state has not approved state-regulated sports betting yet, Bovada is legal for bettors all across the US because the online book is licensed and operated internationally. This means that bettors in 45 states can use Bovada on their mobile devices for legal deposits, bonus redemptions, bet placing, and payout requests.
Fees When Using Venmo For Sports Betting
Venmo is one of the most practical forms of funding an account and requesting payouts for legal sports betting because there are no fees involved. For state-regulated books that offer the method, there are no fees. Other sports betting sites accepting Venmo like Bovada use MatchPay to allow bettors to deposit and withdrawal their funds, which incorporate no fees as well.
MatchPay Options Beside Venmo
As legal MatchPay sports betting sites have increased in popularity, Venmo is not the only payment method that can be used. Because the actual transaction of funds is by person-to-person, legal USA betting sites have options for the most accessible and trusted payment method/apps. To ensure safety, legal bettign sites like Bovada have a list of trusted payment apps that can be used for MatchPay, but Bovada will be the one to send the sports betting credits between bettors.
- PayPal
- Venmo
- Zelle
- Apple Pay
- CashApp
- Chime
Regulated Sportsbooks That Accept Venmo
There are some regulated legal sports betting sites that take Venmo transactions like FanDuel for example. This legal sportsbook will allow bettors to deposit and withdraw with a Venmo account, and once the request is processed, it can take up to 48 hours for the money to be transferred into a bettor’s Venmo account. Other state-regulated sites like DraftKings and Caesars have PayPal payout options but are not currently acting as Venmo sportsbooks.