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Can you win real money playing sweepstakes casino games?
Yes, you can redeem Sweeps Coins you win for cash prizes and more.
Most sweepstakes casino operators will require you to verify your identity, reach a minimum amount of sweeps coins, and clear a playthrough requirement in order to redeem your sweepstakes coins.
When you play games on these sites you don't exactly 'win' money, you win Sweepstakes Coins, which you can then redeem for cash prizes.
Are sweepstakes casinos legal in the United States?
Yes, sweepstakes casinos are legal in most of the United States and Canada. To be exact, 45 states allow online sweepstakes casino play. This is due to sweepstakes casinos operating under the sweepstakes model since you’re not using cash to make wagers, instead you use virtual currencies: Gold Coins and Sweepstakes Coins. Sweepstakes laws require the operator to offer a free entry and that additional entries will not improve your chances – this is why Sweepstakes Casinos are always free to play with no purchase necessary.
Are sweepstakes the same as gambling?
Sweepstakes casinos aren’t the same as gambling because you’ll always have the opportunity to play for free. Whether it’s be acquiring sweepstakes coins from mail-in postal requests, daily login bonuses, or deciding to play with Gold Coins just for fun. If you do elect to make a purchase of Gold Coins and receive FREE Sweeps Coins in a bundle, and then play with those sweepstakes coins, this does put you at risk of losing money in the same way that gambling does.
What are Gold Coins?
Gold Coins are a virtual token offered by sweepstakes casinos that can not be redeemed for real prizes. Instead, you can use these coins to play casino style games for FREE. Gold Coins can also be a great way to test out a sweepstakes casino before you dive into play for cash prizes and more with sweeps coins. You can always buy more Gold Coins to play endlessly.
What are Sweeps Coins?
Sweeps coins are the second virtual token you’ll find at sweepstakes casinos and are redeemable for gift cards, real cash prizes, and more. You can never purchase sweepstakes coins, instead they must be accumulated through welcome bonuses, sending in a postal mail request, or promotions such as claiming a Gold Coin offer.
How much are sweeps coins worth?
It will vary depending on the casino; but in general, Sweeps Coins will redeem at a 1:1 conversion rate to USD. This is true at almost all the most popular Sweepstakes Casinos including Pulsz, McLuck, Zula and more. Some operators may have a different conversion rate – for example, Fortune Coins has a 1,000 FC: $1 USD conversion rate.
How do I write a letter to a sweepstakes casino to get free Sweeps Coins?
It will vary slightly depending on the sweepstakes casino you’re looking to submit a postal request to, but the process is similar. You’ll likely need to send a 3x5 post card to the address of the casino with your name, address, and username. Each one will vary so be sure to read the review of the casino you wish to submit a letter on Lucky.me and we’ll breakdown how to claim your FREE Sweeps Coins.
Do I need to pay taxes on winnings from sweepstakes casinos?
Yes. Any and all prizes you receive, including cash redemptions from sweepstakes casinos, are subject to federal taxes at a flat rate of 24%.
The IRS states that all gaming winnings are fully taxable and you must report the income on your tax return. This is due to gambling taxes extending to lotteries and raffles which includes sweepstakes casino winnings.