Gold coins, used in social casino games, are for play only and cannot be redeemed for prizes. Sweeps coins, used in social sweepstakes casino games, can be redeemed for cash prizes or other rewards, with one sweeps coin often equaling $1 in value. I mentioned a “loophole” that makes sweeps casinos legal a second ago. Real money gambling laws in the United States are quite strict, and only a handful of states support casinos that deal with “real” cash. Sweepstakes Casinos are platforms that offer casino-style games like slots, table games, and sometimes poker or live dealer options. At their core, sweepstakes casinos offer for-fun play using a standard currency alongside premium play using a separate currency.
Know all the redemption requirements
They are not available for purchase but can be obtained through promotions. The biggest disadvantage of sweepstakes casinos compared to traditional online casinos is game variety. If you’re accustomed to online sweepstakes casinos the extensive game options of real-money casinos, you might find the offerings at sweepstakes casinos to be narrower, especially for table games.
Why are social casinos so popular?
Popular jackpots such as Big Bass Bonanza are also found at sweepstakes casinos. These unique slot games have a special jackpot that grows every time a player places a wager, till a lucky player wins the jackpot. Sites such as MegaBonanza even have promos centered around jackpots, so keep an eye out for them at sweeps casinos. While traditional online casinos require state-specific licenses to operate legally, sweepstakes casinos function under a unique model that exempts them from many of these restrictions. They are regulated under US sweepstakes laws rather than gambling laws, allowing them to operate legally in most states.
You’ll be able to use a wide range of payment methods, such as e-wallets or cryptocurrency. Sweeps casinos have noted a huge increase in revenue, with 2023 surging to $5.6 billion in revenue, a 66% increase from the previous year. As of March 27th, Sweeptastic will no longer accept recent registrations, and will begin the process of closing down. Existing customers will be able to redeem their SC till May 1st, after which the site will shut down completely. Pulsz boasts the highest average return to player percentage at 97.40%.