Venmo Online Gambling Guide – Real-Money Online Gambling With Venmo In 2024
All the best online casinos, sportsbooks, and poker rooms support a number of safe, convenient gambling banking options. But because these sites are all hosted outside the USA, one area where they struggle is P2P transfers. For that reason, they haven’t been able to support Venmo online gambling in the past. Today, though, such US-only P2P apps are finally useful for making deposits and receiving withdrawals!
There’s a catch, though: In order to use this or any other P2P instant-payment app to fund your legal online gambling activities, the site you choose must support vouchers or a third-party intermediary service like MatchPay. Luckily, as of 2024, three of the biggest betting sites support both these services. Now, you can use Venmo for online gambling with relative ease. Our guide explains the process in detail.
Is It Legal To Gamble With Venmo Online In The United States?
Yes! There are no USA gambling laws that make it a crime to bet real money online with P2P services. As long as the site you choose is headquartered in a legitimate and recognized offshore gambling jurisdiction, you can sign up and gamble at just 18 and up. The bigger issue as of 2024 is actually availability.
Because Venmo is a US-only P2P instant-pay service, offshore sites can only support the platform indirectly. They need to use online gambling vouchers or third-party services like MatchPay. And right now, only a few sites actually employ these options. We expect that to change in the future, but for now, selection – not legality – is the bottleneck.
Legal Notice: Washington is the only US state with nominal laws against online gambling. Even though these laws are unenforced, we recommend that WA residents abstain from participation.
Online Venmo Casinos
If you want to use Venmo for online gambling deposits at world-class legal casino sites, you’re in luck. Three of the best venues in the business employ the voucher and MatchPay systems that facilitate P2P gambling. These are Bovada Casino, Slots LV, and Cafe Casino. While we expect other top sites to join the list sooner than later, it’s not exactly a bad thing to be “stuck” with these brands.
All P2P-friendly legal online casinos have hundreds of certified RNG electronic casino games to choose from. These titles are developed by recognized industry leaders – primarily Realtime Gaming (RTG) and Rival Gaming (aka Rival Powered). These brands specialize in legal online slots, online blackjack, online video poker, and more. Live casino games are also available, and many sites even offer free online casino games, too!
Best Online Casinos That Accept Venmo In 2024
Bovada Casino
100% up to $3,000
Slots.lv
500% up to $5,000
Cafe Casino
350% up to $2,500
Online Venmo Sportsbooks
Right now, there’s only a single legal online sports betting site that supports voucher and MatchPay transactions: Bovada Sportsbook. Now, even though we really wish a few other big brands would support P2P apps, too, we can’t complain. Bovada is consistently rated as the best online sportsbook for American bettors, and that’s been our experience, too. Yes, sports gamblers should always “shop lines” to get the best odds, but if you can only join one book, Bovada wrote the book.
In addition to standard game lines (point spreads, straight moneyline odds, over/unders), Bovada also boasts hundreds of prop bets for nearly every game on the schedule. Across dozens of sports, that comes out to thousands of chances to win each day. And that’s before you include live sports betting and the countless custom bets you can make using the Bovada Prop Builder tool.
Top-Rated Online Venmo Sports Betting Sites Of 2024
Bovada Sportsbook
50% Max $1,000
MyBookie
50% Max $1,000
BetOnline
100% Up To $1,000
Online Venmo Poker Sites
For Venmo online poker deposits, only the Bovada Poker room is a legitimate option as of 2024. Other legal online poker rooms will eventually go all-in on P2P payment options (whether via vouchers, MatchPay, or different services altogether), but Bovada is the only place to play right now. That said, what a place to play it is!
The Bovada Poker room, revamped and relaunched in 2017, is the most robust live multiplayer poker site online. You can play round-the-clock cash table games with full multi-table support. For short tournaments, Zone Poker and Sit-N-Gos always have seats at the felts, and big-money online poker tournaments start every few days. The site also offers a downloadable poker application for Windows and Mac (although we generally stick to web-based mobile poker on our iPhones and Androids).
Trusted Online Venmo Poker Rooms For 2024
Bovada Poker
100% Max $500
Everything You Need To Know About Gambling With Venmo
How To Bet Using Venmo
In order to bet online with a P2P app like Venmo, you must first join a site that actually supports the platform through vouchers or the third-party MatchPay service (or similar). As of 2024, these are Bovada LV, Cafe Casino, and Slots LV. Signing up is fast, free, and only takes a minute. Once that’s done, there are a few things to keep in mind:
The most important thing to remember is that Venmo betting is designed for people who already use the service in their daily lives. If you don’t use the app, setting up a Venmo account just for betting online might not be the best idea.
Instead, you’re better off setting up a crypto exchange account so you can bet online with Bitcoin, Litecoin, Cardano, Solana, or make Ethereum online gambling deposits. As convenient as P2P is for online gambling, nothing beats crypto on value, bonuses, and transfer time.
The second thing to remember is that last bit: transfer time. Because both gambling vouchers and MatchPay are dependent on member demand, you won’t always be able to make immediate deposits or claim same-day payouts via P2P. If speed is important to you, credit/debit cards (i.e. Visa gambling, Mastercard gambling, American Express gambling, etc.) and crypto coins are better.
Still, Venmo deposits and withdrawals are fee-free and reliable. Provided you understand how to use Venmo for online gambling – and as long as you understand the limitations of betting with P2P apps – it’s a good option to have in your back pocket.
Using Venmo To Make Online Gambling Deposits
There are two ways to make Venmo online gambling deposits: vouchers and MatchPay. While these are similar in essence (MatchPay simply automates the standard voucher process using a third-party service), they have slightly different deposit instructions:
- At your gambling site’s cashier page, select the voucher or MatchPay deposit option.
- For voucher deposits: Head over to your site’s community forum and search for a voucher code for sale in an amount that works for you. Once you find a gambling voucher for sale, contact the seller and arrange the terms of the deal. Venmo your payment to the seller and they’ll release the code to you. Back at your site cashier page, paste this code into the appropriate field. Your funds will be credited instantly.
- For MatchPay deposits: If you’re not already a MatchPay Trader, selecting this option will open a new window with signup information. Sign up for the free service and link your Venmo account to your MatchPay account. Indicate the amount you wish to deposit and MatchPay will find a seller among the members at your site. The sale will conclude once the seller is found, and your funds will be credited to your bankroll immediately.
Using Venmo To Claim Online Gambling Payouts
P2P betting withdrawals work just like deposits, only in reverse. Again, to claim your winnings via this instant payment app, you’ll need to choose either the voucher or the MatchPay payout option. Here’s how that works:
- At your gambling site’s cashier page, choose either the voucher or MatchPay withdrawal option from the payouts menu.
- For voucher payouts: Enter in the amount of money you want to pull out from your eligible account balance and submit the ticket. A voucher code will be sent to your email address on file. Once you receive this, make an ad in your site’s community forum. Another site member will contact you about your voucher code for sale. Simply arrange the sale, receive your Venmo payment, and release your code to the buyer.
- For MatchPay payouts: If you aren’t already a MatchPay Trader, sign up for the service as instructed in the previous section. Once you’re a member, simply enter the amount of money you wish to withdraw from your account balance, and the service will find a MatchPay user looking to make a deposit in the amount you wish to withdraw. After a “buyer” is found, the transfer concludes automatically, and your funds will appear in your Venmo app as normal.
Online Gambling Promos Available With Venmo Deposits
One of the shortcomings when betting online with Venmo (or any other voucher/MatchPay compatible P2P app or eWallet instant-transfer service) is that you’ll only be able to claim your site’s standard bonus offers.
Usually, the top legal gambling websites have two tiers of promotions: Basic and Bitcoin/Crypto.
The basic bonus is available to those using non-crypto deposit methods. These include credit/debit, cashier’s checks, bank wires, and so on. They also include vouchers and MatchPay. Basic bonuses usually boost your bankroll by 50%-100% or so, and they generally top out at about $3000 in free plays.
Enhanced crypto bonuses are much bigger. These usually give you a deposit match of 150%-300%, with the total free plays hitting $5000 or more. And because the rollover/playthrough requirements are the same for standard and enhanced bonuses, it’s hard not to recommend going with Bitcoin/crypto when you want to bet with free money.
Note: All legal online gambling bonuses are market specific. If you mostly play slots or table games, choose the casino bonus. If you mostly bet sports, choose the sportsbook bonus. And if you usually play poker, pick the poker bonus.
Speeds, Fees, And Transfer Limits For Venmo Gambling Transactions
Speeds
Because P2P apps use vouchers and/or MatchPay to function at select gambling sites, transactions are technically capable of processing instantaneously. However, these kinds of deposits and withdrawals can take a day or more, as they’re dependent on demand from other site members.
In general, voucher deposits and payouts take 24-48 hours, while MatchPay deposits can take several hours up to an entire day.
Fees
P2P betting transactions are technically free. Sort of. That is, there are no fees levied by your gambling site for deposits and payouts. However, Venmo fees may be charged by the payment company itself depending on how you’ve set up your account.
Things that impact the final cost of betting with Venmo include the type of card you’ve linked to your P2P account (credit vs. debit vs. secured/prepaid cards) and whether you’re using your existing Venmo balance or a “cash advance” or “instant” transfer.
Limits
The deposit and withdrawal limits also differ between the two options. For vouchers, you can transfer as little as $10 and as much as $3000 (or even up to $15,000, depending on the site). With MatchPay, limits are locked at $20 minimum and $1000 maximum.
Sure, most players won’t need higher limits than that, but for high rollers, vouchers are better than MatchPay.
Also remember that Venmo limits exist for daily/weekly maximum sending and receiving amounts. These vary and depend on your account status (i.e. whether or not you’re a “verified” user, etc.)
Venmo Gambling Pros And Cons
No legal online gambling deposit method or payout option is perfect, and different players have different financial needs and requirements. For a quick rundown of whether or not this P2P solution is right for you, these are the high points and the low points of using Venmo to bet online:
The Good VS The Bad
Venmo Gambling FAQ's
Yes.
There are no laws against using Venmo to bet online.
Whether you’re interested in online casino games, online sports betting, online poker gambling, or betting on horses online, you can use Venmo to get your account funded – and to claim online gambling payouts – at participating sites.
Yes.
Venmo is a well-respected and established P2P app.
As a subsidiary of the industry’s biggest P2P instant-pay company (PayPal), Venmo does not lack for legitimacy.
Yes.
As long as you use a reputable gambling site, Venmo casino, sportsbook, poker, and horse betting is 100% safe and secure.
However, to use Venmo for online betting, there are a few added steps.
These may be more tenuous if you don’t stick to Venmo transfer best practices, so please be sure that you understand the voucher process and/or the MatchPay process at sites that support Venmo through these platforms.
Yes and no.
Now, before you write Venmo off as an unsafe, illegitimate way to fund your online gambling, allow us to explain:
Venmo transactions themselves are 100% legit. That is, the service will always process your payments within the confines of the law.
In general, if you make a Venmo payment to a shady service provider who absconds with your funds, that sort of thing is insured against and you’ll be reimbursed for your losses.
However, in order to use this P2P app (or any US-based P2P app) for legal online gambling at offshore sites, you have to go employ a given site’s voucher system or use a supported third-party service like MatchPay.
These kinds of transfers are not made directly to your betting site.
Instead, they are private transfers made to fellow US-based members at your betting site. Remember, when you deposit with Venmo, you’re paying another member for their account balance, and your site then applies that balance to your balance.
Venmo private transfers have fewer guarantees than retail/commercial transfers. There are no fees for these, but the company treats such transactions like cash.
That’s why it’s important to trust your voucher seller and honor your own word when selling your vouchers to buyers. This is also why MatchPay is a better option than private P2P transfers (if supported by your site).
They don’t have one.
Your legal online casino, sports betting site, poker site, etc. does not have a Venmo address or Venmo ID.
Remember, you cannot send funds via this P2P service directly to any international gambling website. Venmo betting deposits and withdrawals may only be processed via gambling vouchers or the MatchPay service.
Venmo is USA-only.
Because this P2P app platform only does business in the United States, it can’t be used to directly send money to (or receive money from) non-USA-based gambling sites.
This is why a site must support gambling vouchers or a third-party service like MatchPay in order for US players to fund their accounts using Venmo.
Bovada Casino, Slots LV Casino, and Cafe Casino.
As of 2024, only Bovada, Slots LV, and Cafe Casino support Venmo deposits. These sites employ vouchers (aka player transfers) and/or the MatchPay service so members can make deposits and claim payouts using P2P instant online banking apps.
We expect other reputable legal betting sites to support Venmo via similar systems in the future, but we don’t know when such support might become standard.
Bovada Casino, Slots LV Casino, and Cafe Casino.
Currently, these are the only sites that support Venmo payments indirectly, as they employ vouchers, player transfers, and/or MatchPay.
No.
While you’re certainly free to contact Venmo support if you have an issue with a voucher or MatchPay deposit or payout, they won’t be able to help you.
Remember, to use these services, Venmo is acting as a sort of “digital cash” intermediary.
Once your money has been sent via Venmo using a private sale, it is extremely difficult and time-consuming to get those funds back if the recipient acts in bad faith.
Again, please always use vouchers or MatchPay by following the instructions and best practices outlined by your legal gambling site.
Either one.
There is very little difference between PayPal gambling deposits/payouts and Venmo gambling deposits/payouts at the sites we recommend. These services all work using the same voucher/MatchPay options.
That said, since PayPal has many more users than its subsidiary service, you will probably have better chances of making same-day deposits and claiming same-day payouts using PayPal to bet online.
Our advice, though, is to simply use whichever service you already use or prefer more.
Cash App.
Look, we love Venmo, and we love Venmo gambling.
But as of 2024, Cash App is by far the most versatile P2P app for instant money transfers.
Cash App is still limited to US and UK residents, which means you can’t use it to fund your gaming account or claim payouts directly.
But you get all the same compatibility with vouchers and MatchPay with Cash App as you do with other services, and there’s one more huge bonus:
With Cash App, you can actually buy Bitcoin and send that Bitcoin off-platform to any external wallet address. (Venmo, PayPal, and other P2P apps don’t yet allow off-platform crypto sending.)
This means you can buy BTC and make BTC gambling deposits using Cash App, thereby getting all the extra perks that come with Bitcoin/crypto betting.
Venmo.
Zelle is a fantastic product, and it has the benefit of being the most used P2P platform in terms of monetary volume. That’s because just about every bank in America has built-in Zelle Pay support.
However, most people don’t actually know they have access to Zelle through their online banking portals, which means they’ve probably been using Venmo, PayPal, or CashApp instead.
Since P2P gambling deposits require voucher/MatchPay buyers and sellers to use the same P2P app that you’re using, it makes more sense to use a more popular app.
The difference in active US users of Venmo vs. PayPal is insignificant compared to the difference in active US users of Venmo vs. Zelle.
Disclaimer: Venmo is a third-party P2P instant-pay app. Venmo is not associated with this website or any of the online gambling brands and real-money betting sites we feature on this page.