Mastering Sweepstakes Casino Redemptions
Players can redeem their Sweeps Coins for cash prizes or gift cards at the top sweepstakes casino sites. You just need to complete a playthrough requirement on the Sweeps Coins before requesting a redemption.
This guide explains how to redeem a prize at social and sweepstakes casinos, which accept players in more than 40 states. We will discuss the redemption methods at your disposal, walk you through the process of claiming your prize, and break down the key terms and conditions you need to know.
Understanding sweepstakes casino redemptions
You can use two currencies when playing games at sweepstakes casinos:
- Gold Coins: These coins can only be used to play slots and table games for fun. They have no monetary value, and they cannot be redeemed for prizes.
- Sweeps Coins: These are premium coins, which can be redeemed for prizes if you complete a playthrough requirement on them. You cannot purchase Sweeps Coins (SC), but you can earn them for free via bonuses, mail-in requests, or as a gift if you buy Gold Coins.
Most sites only require you to play your SC through a single time before they become eligible for a prize redemption. However, some sweepstakes casinos impose a 3x playthrough requirement.
The prize redemption rate is usually 1 SC to $1, but it can be 100:1 or 1,000:1 at certain sites. Gift card redemptions typically take less than 48 hours, whereas cash prize redemptions can take up to five business days, depending on the site and the payment method selected. These are the main redemption options:
You can redeem your SC for cash prizes at most sweeps casinos. The minimum cash prize redemption is typically 100 SC, which equates to $100, and the funds can be transferred to you via online banking, ACH, instant debit, or Skrill.
Alternatively, you can redeem your SC for a gift card. You will receive an email with details of how to claim your electronic gift card, and large retailers like Amazon and Uber Eats are typically supported. The minimum redemption rate tends to be a lot lower if you select a gift card, such as 10 SC, which equates to $10.
Some social casinos also offer crypto prize redemptions. For example, you can redeem SC for Bitcoin, Ether, and other tokens at Stake US Casino.
The redemption process
If you complete the playthrough requirements on your Sweeps Coins, you can follow these steps to redeem them for a prize.
Documentation and verification
You need to verify your account before redeeming a prize at sweepstakes casinos. These sites typically offer a quick, simple registration process, which takes less than a minute. You can then receive free coins via their sweeps no deposit bonuses and begin playing immediately.
However, you must complete your profile and verify your identity, age, and home address before requesting your first prize redemption. You will need to provide your full address and date of birth, and you will also need to supply documentation that validates your identity.
Just head into the account section of the site or visit the wallet section to begin the verification process. Most sweepstakes casinos will redirect you to a third-party verification service, such as Veriff.com, where you will need to upload valid, government-issued photo ID, such as your driver’s license, plus proof of address and a selfie. The documents will be checked and approved, allowing you to redeem prizes at any time.
Payment methods
The payment methods will vary from one sweepstakes casino to the next, but we have listed the most commonly available options in the table below.
Payment method | Purchases? | Redemptions? |
---|---|---|
Debit card | Yes | Yes |
Credit card | Yes | No |
Online banking | Yes | Yes |
ACH | Yes | Yes |
Skrill | Yes | Yes |
Crypto | Yes | Yes |
Gift card | No | Yes |
Common redemption terms and conditions
Most sites only require you to complete a 1x playthrough requirement on your SC before they are eligible for a prize redemption. For example, if you play with 100 SC and win 120 SC, you can redeem them for a prize worth $120. However, some social and sweepstakes casinos impose a 3x playthrough requirement.
The minimum redemption is often 100 SC for a cash prize and 10 SC for a gift card, which equates to $100 and $10 respectively. The redemption process takes just a few minutes at some sites, including Funzpoints and Stake US, whereas it can take up to 10 days at other sites.
Best practices for sweepstakes redemptions
Make sure you check the playthrough requirements, redemption rate, and minimum redemption limits at your sweepstakes casino. For example, some sites have a 1x playthrough requirement, a redemption rate of 1 SC to $1, and a 75 SC minimum redemption, whereas others may have a 3x requirement, a 100 SC to $1 redemption rate and a 100 SC minimum redemption.
Maintain an active status to prevent your SC from expiring. For example, if your account is inactive for several months, your SC may be forfeited. Check the terms and conditions for any inactivity penalties, and simply sign into your account on an occasional basis to ensure you are not penalized.
Keep a detailed, itemized record of any purchases and prize redemptions at social and sweepstakes casinos. This can help you declare any wins and losses when filing your IRS return each year. The IRS views sweepstakes winnings as taxable income, but you can deduct purchases from those winnings, meaning you only need to pay tax if you end a year in profit.
Sweepstakes casinos that allow redemptions
FAQ
Visit the wallet section of your sweepstakes casino and hit the “Redeem” button to request a redemption. You can then select your redemption method, enter the number of coins you would like to redeem, and confirm the request. The sweepstakes casino will process and approve your request, and the funds will then be transferred to you.
Sweepstakes casino redemptions typically take 1-5 days, depending on the site and the redemption method you select. Gift card redemptions often take just a day or two, while some sites also offer same day cash prize redemptions. However, other sites require you to wait for up to 10 days for a cash prize redemption.
Most social and sweepstakes casinos do not charge players a redemption fee, but there are some exceptions. For example, you can pay a $1 fee for an instant debit redemption at Funzpoints, which takes less than 30 minutes. Alternatively, you can opt for a free ACH redemption, which can take a few days.
Contact the customer service team and ask for an update if the redemption is delayed. Make sure you have entered your payment details correctly and that you have satisfied any playthrough requirements attached to your Sweepstakes Coins. If there is an extended delay, you can complain to the site or to the regulator in your state.