Blood from livestock slaughtering imposes a high organic pollution load and risks. If it is discharged untreated to sewer systems, it increases the organic pollution load on wastewater treatment plants by 35–50%. This paper reviews blood anaerobic digestion. It analyzes the quantities, composition, methane potential reported, microbiology, biochemical pathways of blood protein degradation, environmental and health issues, and strategies suggested to manage them during livestock blood anaerobic digestion. Although challenging, anaerobic digestion of blood as a mono-substrate is possible if the culture-reactor system is controlled based on a complete characterization and understanding of the microbial community and its metabolic activities. Co-digestion of blood and other feedstock proceeds well if the mixtures are well designed. Generally, the specific methane yield from digesting blood alone ranges between zero and 0.45 m3 kg−1 protein, whereas for co-digesting blood and other substrates, the yield varies between 0.1 and 0.7 m3 kg−1 volatile solids. More research is required for microbiology and kinetics, the role of adsorbents, reactor configuration, and culture adaptation during anaerobic digestion of blood to better control the process.