Venmo Betting Sites Ohio 2024
Staff Last updated: Ohio sports betting went live on January 1, 2023, so gamblers are looking for discreet ways of funding their accounts. And the best solution that’s gaining popularity is Venmo; unfortunately, there are a few Venmo betting sites in Ohio.
But, before we talk about Venmo sportsbooks in Ohio, we should talk more about this payment system.
Top Betting Sites with Venmo 2024
| Company | Bonus | Features | Visit |
 | bet365 Sportsbook Bet $1 Get $200 in bonus |
| Bet now bet365 Ohio Review |
 | Caesars Sportsbook Up to $1,250 bonus |
| Bet now Caesars Ohio Review |
 | Betfred Sportsbook Get up to $1,111 in Fred Bets |
| Bet now Betfred Ohio Review |
 | BetRivers Sportsbook Up to $100 Bonus Bets |
| Bet now BetRivers Ohio Review |
 | Betway Sportsbook First Bet Reset $250 In Bonus Bets |
| Bet Now Betway Ohio Review |
 | PointsBet Sportsbook Five Second Chance Bets Up To $100 Each |
| Bet now PointsBet Ohio review |
 | DraftKings Sportsbook Bet $5, get $200 in bonus bets |
| Bet now DraftKings Ohio review |
 | BetMGM Sportsbook Up to $1,000 in bonus bets |
| Bet now BetMGM Ohio review |
 | FanDuel Sportsbook Up to $2,500 in Bonus bets |
| Bet now FanDuel Ohio Review |
What is Venmo?
Venmo is a popular community-based cash-transfer service that Iqram Ismail and Andrew Kortina started in 2009. Initially, it was a means of paying each other without writing a cheque or exchanging cash. It was a means for pals to send cash, but it evolved into a great payment system with time.
Now, it has a reliable e-wallet that functions like Skrill and Neteller. Its unique app interface features a transaction history with emojis and chat features. This app was designed for personal transactions, but it expanded to commercial services over time.
Venmo is an excellent solution for gamblers who dislike the idea of connecting their banking accounts to their gambling account. After all, it does work like any other electronic wallet. Plus, you can even store some cash in its e-wallet.
Remember, funding online betting using Venmo is available to American residents. Therefore, you must select the right Venmo sportsbooks in Ohio that accept this payment method and have a license to operate in Ohio.
The best Venmo betting sites in Ohio
FanDuel sportsbook in OH
This outlet is one of the few sportsbooks whose popularity has grown with the legalization of online betting. Its fame in the U.S. is unparalleled.
FanDuel is an American betting platform that offers online casinos, sportsbooks, horse racing, and daily fantasy sports. The platform was founded in the U.K., but its current headquarters are in New York City. They have partnered with local brands to get their licenses in several states.
Boyd Gaming is in charge of managing FanDuel OH. It went live in Ohio on January 1, 2023.
Just like with the Caesars Sportsbook, gamblers enjoy the many bonuses FanDuel offers. Plus, the fact that it accepts Venmo is a bonus. So, you can deposit and withdraw your winnings using Venmo while keeping your transactions hidden.
Betfred in OH
Another popular U.K. betting firm that took the U.S. gambling market by storm is Betfred. After PASPA collapsed, Betfred made noises in several states, including Iowa, Colorado, and Pennsylvania. Their latest entry is Ohio.
Betfred struck a partnership with the Cincinnati Bengals to secure their license. This partnership is a multi-year contract, which makes this firm their official betting partner.
Betfred launched the Ohio sports betting app when they went live, allowing fans to place their wagers. Unfortunately, they didn’t apply for a retail license when applying. Therefore, gamblers will only use the online platform.
Currently, the app has geolocation software that prevents Ohioans from placing their wagers when they’re outside Ohio. But you don’t have to be a resident of Ohio to use it while in Ohio.
DraftKings in Ohio
DraftKings also offers Venmo as a payment method. Bettors love this company for its depth and the coverage it offers in its markets. Ohiop bettors will love the value it offers them regarding promotions and odds.
DraftKings fantasy products have been active in Ohio for years, giving them an advantage. They didn’t have a local partner when applying for their license, but they were still given a mobile betting license. They cover niche sports, including soccer, handball, darts, and Aussie rules.
How to use Venmo when betting
Like most payment systems, Venmo is relatively straightforward; unfortunately, only some Ohio sports betting sites accept it. But to fund your account, you will still need to use one of the many e-wallets. PayPal is a unique option that allows you to use Venmo when betting.
To fund your sportsbook account, you should do the following:
- Open a Venmo account using a U.S. bank account and an email address.
- Fund your Venmo account directly from your bank account. You can even apply for a Venmo MasterCard that you can use to make purchases.
- To fund the account, you should select the single-person symbol and press “Manage Balance” on the “You” page.
- Pick Venmo betting sites in Ohio, open an account and then fund it. Select any of the above sportsbooks, and open an account.
- Pick Venmo as your deposit option. Remember, these sportsbooks offer a wide range of payment options that are normally listed on their sites. Pick the Venmo option and fund your account.
Withdrawing from sportsbooks in Ohio using Venmo
Since Venmo isn’t as widely available, you’ll likely need to anticipate using alternative banking options like PayPal. However, Venmo can be used for withdrawals and deposits.
Advantages and disadvantages of Venmo betting sites in Ohio
Pros
- These sites won’t require your banking details.
- The Venmo MasterCard is a safe and secure payment option.
Cons
- Not as widely available as other methods
Venmo Betting Sites Ohio FAQs
How can I confirm if a sportsbook accepts Venmo in Ohio?
To see if a sportsbook accepts Venmo, log into your account and check the deposit page. If you don’t yet have an account at the sportsbook, explore the FAQ page for information on available banking methods.
Will I have to pay a fee when funding my Venmo sportsbook account in OH?
No, you won’t have to pay any fees when using Venmo at sportsbooks in Ohio.
Can I be charged when withdrawing my winnings from by Venmo betting site?
No, you won’t be charged when making withdrawals with Venmo at Ohio sportsbooks.
Is Venmo a safe payment method?
Venmo offers a unique encryption system. Therefore, you’ll never have to worry about gambling transactions appearing in your bank statement. Like most companies, Venmo does have bank-level encryption that protects your data, so you’ll never have to worry about hackers. They included an MFA (multi-factor authentication) and PIN number to make it more secure. A strong PIN and reliable MFA guarantee that you won’t be hacked.