Venmo Betting Sites Ohio 2023
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 2023
Venmo Betting Sites Ohio: All sites are 100% legal & licensed by the OCCC.
|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|
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|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.
Currently, it has a reliable e-wallet that functions just 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 with time it expanded to commercial services like Uber.
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. Plus, the company does stipulate that only folks lawfully living in the U.S. can use this payment system. Therefore, you must select the right Venmo sportsbooks in Ohio that accept this payment method and has an American license.
The best Venmo betting sites in Ohio
FanDuel sportsbook in OH
This Firm is one of the few sportsbooks whose popularity has grown with the legalization of online betting. In fact, its fame in the U.S. is unparalleled. And with Ohio legalizing online betting, FanDuel is one of the latest firms to join the market.
FanDuel is an American betting firm that offers online casinos, sportsbooks, horse racing, and daily fantasy sports. The firm was founded in the U.K., but its current headquarters are in New York City. They have had to partner with several local brands to get their licenses in several states.
In fact, Boy’d Gaming is in charge of managing FanDuel OH. After all, it did go live on January 1, 2023, which means it’s the first sportsbook to launch in Ohio.
Just like with the Caesars Sportsbook, gamblers are enjoying the many bonuses offered by FanDuel. 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; in fact, they were the first firms to go live on January 1, 2023.
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 making it possible for fans to place their wagers. Unfortunately, they didn’t apply for a retail license when applying for their license. Therefore, gamblers will only use the online platform.
Currently, the app has geo-location 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
Unlike the other Venmo betting sites in Ohio on our list, DraftKings is the only option offering fantasy sports contests. Punters love this company for its depth and the coverage it offers in its markets. Americans love the value it offers them in terms of promotions and odds, so Ohian will be surprised.
DraftKings’ fantasy products have been active in Ohio for years, which gives them an advantage over the others. When applying for their license, they didn’t have a local partner, 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 quite straightforward; unfortunately, very few Ohio sports betting sites accept it. But to fund your account, you will still need to use one of the many e-wallets. In fact, 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
Unfortunately, you can’t withdraw your winnings directly using Venmo, even if you have their MasterCard. You will have to use a private intermediary. This means that you’ll cash out using an alternative banking options method like a bank transfer or PayPal account.
Advantages and disadvantages of Venmo betting sites in Ohio
- These sites won’t require your banking details.
- The Venmo MasterCard is a safe and secure payment option.
Disadvantages of Venmo sportsbooks in Ohio:
- You can’t withdraw your winnings via Venmo.
Venmo Betting Sites Ohio FAQs
How can I confirm if a sportsbook accepts Venmo in Ohio?
Generally, there are two sure ways of confirming if a betting site in OH accepts Venmo. You can use Google or any other search engine to find out which betting sites accept Venmo in Ohio. The search engine will give you a list of Venmo betting sites in Ohio.
You can also visit the sportsbooks’ payment section and see all their payment options. Remember, a legitimate Venmo betting site will include this option in the payment methods, particularly as a depositing method.
Will I have to pay a fee when funding my Venmo sportsbook account in OH?
No, legitimate Venmo betting sites in OH won’t charge you to fund your account. Therefore, you’ll never have to worry about depositing charges, irrespective of the cash you plan on depositing. But when dealing with an unauthorized betting site, then you will have to pay a depositing fee.
Can I be charged when withdrawing my winnings from by Venmo betting site?
Even if you funded your account using Venmo, you could never withdraw your winnings using the same method. Therefore, you will have to use the other payment methods whose withdrawal fee varies with the amount. Remember, bank transfers can take longer to process than PayPal transfers.
Is Venmo a safe payment method?
Other than being independent of your bank accounts, Venmo does have a unique encryption system. Therefore, you’ll never have to worry about your 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.
To make it more secure, they included an MFA (multi-factor authentication) and PIN number. A strong PIN and reliable MFA guarantee that you won’t be hacked.