Key Points
- Sweepstakes casinos allow players to use virtual Gold Coins for casino-style games.
- Players can redeem Sweepstakes Coins for cash, gift cards, merchandise, cryptocurrency, or bonus credits.
- In order to redeem prizes, players have to meet playthrough conditions and have their accounts verified.
Sweepstakes platforms have set in firmly in the US, with more and more players joining in on the fun. However, youāre not alone if you are curious about sweepstakes casinosā payment methods and how exactly the prize redemption process works.
Now, you donāt need to do any guesswork, as our comprehensive guide outlines how these payouts work. Weāll cover what makes sweepstakes casino payouts different from your traditional casino withdrawals. Then, weāll provide a step-by-step guide on how to go about the redemption process so you can access real-world prizes. Letās get started.
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What Are Sweepstakes Casinos and How Do They Work?
Before dealing with all things payment-related, letās first explore the basics of sweepstakes casinos and what exactly this term means. At its core, a sweepstakes casino offers a fun way to enjoy casino-style games such as slots or classic table games. You can play these games with two types of virtual currencies: Gold Coins (GC) and Sweepstakes Coins (SC). Gold Coins have no real-world value and can only be used to play games for fun at the casino.
To get your hands on Gold Coins, you can receive them as part of special promotional bundles or gifts or purchase them directly from the casino. For purchases, youāll find multiple payment options. For instance, there are
casinos that accept prepaid cards
that allow you to buy GC packages with methods like Paysafecard. Buying Gold Coins bundles at sweeps casinos is completely optional.
On the other hand, we have Sweepstakes Coins. These are more valuable because you can exchange them for exciting prizes, such as cash, gift cards and other merchandise. You get Sweepstakes Coins by completing certain promotional activities, such as logging in and participating in tournaments.
How sweepstakes casinos handle prize redemptions
Now we get down to the actual nitty-gritty details of payouts at these types of casinos. You wonāt find traditional withdrawal options here, as there is no system for direct payments. Instead, these casinos used a structured system where players exchange SCs for different kinds of prizes, including cash. The table below contains the various types of prizes you can get and the possible amount of SCs youāll need to get them:
| Prize |
Sweepstakes Coins (SC) Required |
| Cash Prizes |
50 to 100+ SC |
| Gift Cards |
10 to 50 SC |
| Merchandise and Physical Prizes |
Varies based on the item (specific SC required per item) |
| Cryptocurrency |
10 to 100+ SC |
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Steps for Redeeming Prizes
The entire process of exchanging your SC for rewards and goodies is beyond simple. Here is a closer look at what you can expect.
1. Account Verification
Before you can redeem any sort of prize, the casino will first have to verify your identity and confirm that you have met all their specified requirements. This often includes providing basic identity documents such as a government-issued ID or passport, as well as proof of address. We suggest you fill out these forms and upload scanned copies even before you start the prize redemption process to avoid delays further down the line.
2. Meet the Playthrough Conditions
We keep mentioning the requirements of the sweeps casino because this is an important consideration. Often, SC, especially those received through promotional deals, come with playthrough requirements. These are numbers that tell you how many times you need to play through SCs for them to be redeemable.
There are usually no limits on the games you can play to satisfy these conditions. Still, you must be cautious. Always read the terms and conditions carefully before you even consider playing to avoid any issues or delays down the line. You also need to look out for details like prize deadlines, extra processing fees, and important verification requirements. Note that prizes, especially physical goods, are usually only available for a certain period of time.
3. Select and Request a Prize
Now comes the fun: choosing which kind of prize you want. Of course, you should also check out the options beforehand. The best sweepstakes casinos have an extensive range of prize options, including cash options and other real-world goodies to choose from. Just keep in mind that prizes like cash and physical goods usually need a higher number of SC than gift cards.
Once done, you provide your details. For instance, if you prefer getting cash prizes, you must enter the bank account information to which the operator will send your rewards. But first, you must choose one of the sweepstakes casinosā payment methods. Meanwhile, if you opt for gift cards, youāll receive an electronic version via the email you used to register on the platform.
4. Wait for Processing
Next, all thatās left to do is wait for your rewards. The times vary depending on what you choose. You can expect to receive gift cards quickly, usually within a day. Cash payment timings also depend on the method you use, with bank transfers taking up to 5 working days. However, if you use
casinos that accept PayPal
and other popular e-wallets, you can get your prizes within a shorter time frame.
Sweepstakes Casino Payout Pros and Cons
- Prizes include cash, gift cards, and merchandise
- Can get SC through free promotions
- Gift cards process faster than cash
- Cash payouts take longer to process
Final Thoughts
If you are in the mood to have loads of fun, all while getting attractive real-world rewards, then sweepstakes casinos are definitely worth a try. Just ensure to choose sites with safe and fast payment options, so that you can receive your cash prizes faster. If you prefer gift cards, then choose a sweepstakes casino that lets you exchange SCs for these cards. All you have to do to get started is sign up on your preferred platform, get your welcome bonus, and play with SCs to get more redeemable SCs.
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