How do Sweepstakes Casinos Work?

How do Sweepstakes Casinos Work?

Written by Alison Lurie, In Casino, Published On
November 28, 2022
, 48 Views

The US gambling sector has been undergoing a dramatic expansion in recent months⎯following the overturning of the 1992 PASPA Act. Sports betting in particular is enjoying a boom time in the country, and more than half of US states have legalized this form of gambling.

The progress toward the widespread legalization of online casino gaming has not been as fast. Fortunately, there is an alternative option, if you don’t have access to online casinos in your state, Sweepstakescasino.net  is a website that, amongst other things, reviews sweepstakes casinos in the US. Visit them to learn more about the new trend in the online casino industry.

How do Sweepstakes Casinos Work?

Sweepstakes casinos are intended to represent a more sociable gaming experience than standard online casinos. When you play at this type of casino, you have to use one of two forms of currency⎯sweepstakes coins or gold coins. Both of these can be purchased through the casino, but while sweepstakes coins can be used to play real money games, gold coins cannot and they represent a form of social currency that allows you to play games in a more leisurely way.

Learn More About Sweep Coins and Gold Coins

The use of the two different currencies can be confusing when you’re starting out with a sweepstakes casino, so to help you get the hang of the two options, below are the main factors you need to know about.

Sweepstakes Coins

Sweepstakes, or sweep, coins are used to play real money games at sweepstakes casinos. These have to be purchased through the casino and can usually be purchased at a rate of $1 per coin, although you can also buy them in bundles and in some cases, they may be awarded to players as part of a bonus package or become available through contests on various social media platforms.

You can withdraw your sweep coins as real money or keep them on your sweepstakes casino balance to play the various games at the casino. You should bear in mind, however, that most of these casinos will set a minimum withdrawal amount that you have to meet before you can withdraw your money.

Gold Coins

Gold coins are a purely social currency that you can use to play games, allowing you to compare your successes with your friends and other casino users. Gold coins are typically offered to you as part of the sign-up process, and you can also purchase bundles of gold coins with real money.

You cannot withdraw gold coins as real money, nor can you swap them for sweepstakes coins, since the gold coins have no real value. They are purely for playing and enjoying the games.

How do you Redeem Real Cash for Coins?

Legitimate sweepstakes casinos have to abide by strict regulations, and you should only play at these sites⎯they are regulated by reputable gambling authorities. Part of these regulations includes a strict identity verification process when you first sign up, which can take a day or two.

Once your identity, address, and source of income have been verified, you are free to register your deposit details, make a deposit, and purchase your sweep or gold coins.

You may also receive gold coins for free either through reward schemes, winning competitions, or claiming any ongoing promotions as a regular user of the site.

Payment Options for Sweepstakes Casinos

You will find that you can use all of the most popular and convenient payment methods to purchase sweep coins and gold coins at sweepstakes casinos, including

  • MasterCard
  • American Express
  • Visa
  • Bank transfer
  • Skrill
  • Neteller
  • PayPal

When it comes to cashing out your sweep coins, each sweepstakes casino will have its own rules, but as long as you meet the minimum withdrawal figure standard, you should be able to quickly and conveniently withdraw your sweep coins as real money.

Sweepstakes Casino Game

As with regular casinos, you will find that sweepstakes casinos offer a wide variety of gaming experiences, from basic slot games to blackjack and poker. The full range will vary according to which casino you use, but you can expect to find the following types of games at sweepstakes casinos

  • Retro slots
  • Video slots
  • Progressive jackpot slots
  • Blackjack
  • Roulette
  • Craps
  • Poker
  • Video poker
  • Bingo
  • Keno
  • Baccarat

Sweepstakes Casino Bonuses

Sweepstakes casinos usually offer bonus packages to encourage new players to sign up. These may not be significant in monetary terms, but they can be a good way to get you started, although, as with all bonus offers, you should read the terms and conditions in full before signing up.

Conclusion

Sweepstakes casinos are a legal, social way to enjoy casino gaming, with the chance to win real money. Make sure that you play within your means and only use legal, regulated sites to maximize your sweepstakes casino entertainment.

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