Every term you need to know about sweepstakes casinos — from Sweep Coins and Gold Coins to RTP, KYC, and more.
Foundational terms that explain how sweepstakes casinos operate, including their business model, legal framework, and key differences from traditional online casinos.
An online gaming platform that uses a sweepstakes model with virtual currencies instead of real-money wagering, making it legal in most US states without a gambling license.
A free-to-play online casino that uses virtual currency for entertainment only, with no cash prize redemption available.
The two-currency system used by sweepstakes casinos where Gold Coins are for fun play and Sweep Coins are for prize-eligible play.
A gaming model where players can access and play casino games without spending any money, using free virtual currency.
Virtual currencies, promotional offers, and bonus mechanics used across sweepstakes casino platforms.
The prize-eligible virtual currency at sweepstakes casinos that can be redeemed for real cash prizes after meeting playthrough requirements.
The free-play virtual currency at sweepstakes casinos used for entertainment purposes only, with no real cash value.
A promotional offer given to new players when they first sign up at a sweepstakes casino, typically including free Gold Coins and Sweep Coins.
A bonus that gives players free Sweep Coins or Gold Coins without requiring any purchase, typically awarded on sign-up.
Free virtual currency awarded to players each day they log into a sweepstakes casino, typically including Sweep Coins and Gold Coins.
The number of times bonus Sweep Coins must be wagered before they can be redeemed for cash prizes, typically 1x at sweepstakes casinos.
A loyalty rewards system at sweepstakes casinos offering tiered benefits like exclusive bonuses and faster redemptions.
A reward that returns a percentage of your wagered coins back to your account, commonly offered at crypto-focused sweepstakes casinos.
A bonus offered to existing players when they make additional coin purchases after their initial welcome bonus.
A reward given to players who successfully invite friends to sign up and play at a sweepstakes casino.
Game types, features, and mechanics found at sweepstakes casinos, from slots and table games to live dealer experiences.
The theoretical percentage of wagered money a casino game pays back to players over time, expressed as a percentage like 96%.
A measure of how often and how much a casino game pays out — low volatility means frequent small wins, high volatility means rare but larger wins.
The mathematical advantage the casino has over players on any given game, expressed as a percentage of each wager.
A jackpot that increases each time a game is played but not won, growing until a lucky player hits the winning combination.
Casino games hosted by real human dealers via live video stream, offering an authentic casino experience online.
The act of placing bets or staking virtual currency on casino games at a sweepstakes casino.
A competitive event where players compete against each other on specific slot games for bonus prizes and leaderboard rankings.
Legal terms, regulations, and compliance requirements that govern sweepstakes casinos across different US states.
A legally required free way to enter a sweepstakes promotion without making any purchase, such as a mail-in request.
A legal disclaimer required on all sweepstakes promotions indicating that participants can enter and win without buying anything.
Know Your Customer identity verification process required before redeeming Sweep Coin winnings for cash prizes.
US states where sweepstakes casinos are either prohibited or have limited operations due to state-specific gambling laws.
A responsible gaming tool that allows players to voluntarily block themselves from accessing a sweepstakes casino for a set period.
Methods and processes for purchasing virtual currency, redeeming winnings, and managing transactions at sweepstakes casinos.
The process of converting Sweep Coin winnings into real cash prizes, typically via bank transfer, PayPal, or other payment methods.
The payment options available for buying Gold Coin packages at sweepstakes casinos, including credit cards, crypto, and online banking.
A sweepstakes casino that accepts cryptocurrency (Bitcoin, Ethereum, etc.) for purchasing Gold Coin packages and sometimes for Sweep Coin redemptions.
A redemption method that processes Sweep Coin cashouts immediately or within a few hours, rather than the standard 1-5 business day timeline.
