Sweepstakes Casino Banking Guide

Sweepstake casinos are unique, and this is primarily what drives Americans to these platforms. By implementing virtual currencies, they can legally operate in 47 states. Michigan, Idaho, and Washington are usually excluded, which is nothing compared to real money casinos available in only five states.

The way social and sweepstake casinos have acquired this wide legal status is straightforward. They do not support casino deposits and withdrawals and nor operate with USD. Instead, players can use the welcome bonuses to play sweepstake casino games for free or buy gold coin packages for some money. Sweeps coins are provided as a bonus when a player makes a gold coin purchase. Any coins you play through can be redeemed for USD. Simple and clever.

By now, 30+ sweepstake casinos have adopted this model to legally operate in your state. Continue below to learn how to make payments and cash out prizes at these sites.

Sweepstakes casino with multiple payment options

1
WOW Vegas
5.0
  • 800+ games
  • Cash prizes
  • 5 Sweeps Coins + 250,000 WOW Coins
Play now
T&C applies

Available to US players over 18 years old, except Michigan, Idaho, Nevada, and Washington. Canadian players except the province of Quebec are also accepted.

2
Sweeptastic
5.0
  • 27,777 LC + 2 Sweeps Coins
  • 1000+ games
  • Fiat and crypto
Play now
T&C applies

US players accepted, except Michigan, Washington, Nevada, and Idaho. 18+

3VegasGems logo
Vegas Gems
5.0
  • Up to 1,000 Gems on sign up
  • 650+ games
  • Crypto and fiat
Play now
T&C applies

US players 18+ accepted. Idaho, Washington, and Nevada restricted.

4Luckybird logo
LuckyBird.io
4.8
  • Provably fair games
  • Get 0.2100 SC + 1000 GC no deposit
  • Crypto cash prizes
Play now
T&C applies

US and CA players 18+ accepted. Washington, Idaho, and Quebec restricted.

5Chanced logo
Chanced
5.0
  • 10,000 GC and 2 SC no deposit
  • Crypto and real cash
  • Live dealer games
Play now
T&C applies

18+ US and CA players accepted. Chanced does not accept users from Idaho, Kentucky, Michigan, Washington, and the province of Quebec.

The following sites are the sweepstake casinos that support the largest variety of payment options to buy and redeem coins:

You won’t find the same banking options as you would in real money online casinos. To help, we detail which are available and where below so you can meet your needs without looking far.

Gold coins purchases and sweeps coins redemptions explained

First things first. Sweepstakes casinos have adopted a unique gaming model to avoid being classified as online casinos. This makes them legal in almost all states while still offering free and real money online casino games in the US. Here is what you need to know:

You will typically encounter two virtual currencies at sweepstake casinos, each with its own qualities. Gold coins and sweeps coins.

Gold coins can be purchased through the sweepstake banking methods supported in selected money packages. These often range from $0.99 to $99.99 per purchase. Gold coins don’t carry any value, but they can be used to play games. What makes them stand out is that you receive the equivalent of the money you spent in sweeps coins.

Sweeps coins can also be used to play games but cannot be bought directly. Any free sweeps coins you receive can be cashed out for real money prizes via the supported redemption options at each sweepstake casino. Although they do not carry any actual value at the site, they are equal to USD – usually at SC1 to $1 rate.

No purchase is necessary to play with sweeps and gold coins since these are provided via no deposit bonuses and regular promotions. But it’s still an option.

Sweepstakes casinos purchases and redemptions

Similarly to online casinos, you won’t have the same range of options for purchases and redemptions at every sweepstake casino. Some are also exclusively available for purchasing gold coins and not redeeming sweeps coins.

Their limits, withdrawal speed, and fees can also range based on each site’s policies. The following table provides an overview of the banking methods supported at US sweepstakes casinos, their benefits, and their availability.

Banking Method Type Purchases? Redemptions? Available at Benefits
Visa, MasterCard, etc. Debit and Credit Cards Yes No Funzpoints, LuckyLand Slots, Fortune Coins, Pulsz, WOW Vegas, Chumba Most users can pay this way
PayPal eWallets Yes Yes Fortune Coins, Chanced Casino, Crown Coins Low fees, speed, and maintaining the privacy of transactions
Skrill eWallets Yes Yes LuckyLand Slots, SweepSlots, Fortune Coins, Pulsz, WOW Vegas, Chumba Similar benefits to PayPal, with slightly higher fees
Trustly Bank Transfers Online Banking Yes Yes LuckyLand Slots, Pulsz, WOW Vegas Instant payments and route for banking when your bank doesn’t allow gambling transactions
Visa, Paysafe, etc. Prepaid Cards Yes No LuckyLand Slots, Chumba Ideal for controlling spending
7Eleven, Amazon, Walmart, etc. Gift Card Vouchers No Yes Stake.us, Pulsz, Chumba Comes with lower redemption limits
Bank Transfers Online Banking No Yes SweepSlots, Pulsz, Chumba Any user can support payments via this method
ACH Checks Cheque No Yes Pulsz, Chumba Ideal for large withdrawals of cash
Bitcoin, Ethereum, Litecoin, etc. Cryptocurrencies Yes Yes Stake.us Anonymity and speed

The limits supported by each banking method are irrelevant here since every sweepstake casino has the following minimum redemption rules:

  • Pulsz Casino Minimum Redemption – 100 SC for real money cashouts and 50 SC for gift cards
  • Chumba Casino Minimum Redemption – 100 SC
  • Stake.us Minimum Redemption – 39.60 SC with about 2 SC fee per transaction
  • Fortune Coins Minimum Redemption – 5,000 fortune coins ($50)
  • SweepSlots Minimum Redemption – 5,000 SC minimum ($50)
  • Funzpoints Minimum Redemption – $20 worth of premium funzpoints
  • LuckyLand Slots Minimum Redemption – 50 SC required
  • WOW Vegas Minimum Redemption – 100 sweeps coins

Fees rarely apply to your payments to and from sweepstake casinos.

Processing times vary per method and sweepstake casino, with the following averages:

  • Cryptocurrencies – Instant
  • Bank Transfers/ACH – 5 to 10 business days
  • eWallets – up to 24 hours
  • Gift Cards – 4 to 7 business days
  • Trustly Bank Transfers – up to 24 hours

Purchases are always instant.

Steps to buy and redeem sweepstakes currencies

Getting started with a sweepstake casino doesn’t require you to make a purchase of coins. The process is as follows:

Step 1: Registration

  • Use our page links to create a sweepstake casino account.
  • The form will ask for a few basic information, like your username, email, and password. You can pull these from your social media accounts and sign-up instantly.
  • Verify your email and activate your account through the email link. This will ensure you receive your no deposit coins.

That’s what it takes to play in standard mode, where you use the free currency.

Step 2: Account Verification

Before you can buy sweeps coins or receive them as a bonus, you must complete your account profile and verify the information:

  • Visit your account section and fill in all the required information. These include address, legal name, age, security questions, mobile number, etc.
  • Upload a document (Driver’s license, ID, Passport) to prove your name and another to prove you are a US resident. The latter can be a bank statement in your name or a recent utility bill.

Now, you can play and experience the full features supported by the sweepstake casino. You can also buy gold coins by visiting their cashier section, selecting the gold coin package you want, choosing a purchase method, and following the prompts.

Step 3: Sweeps Cash Redemption

Any sweeps coins you played through at least once on the online games can be redeemed for cash or gift cards.

That’s possible if you meet the minimum redemption limits and verify the banking method you used for purchases. This can be done by uploading a document from the eWallet’s interface or a bank statement.

When that’s done:

  • Visit the cashier section, click on your available sweeps coins balance, and then redeem.
  • Select one of the available options and enter the requested details.

The operator should process your request within 24 – 72 hours, and then you need to wait according to each banking’s methods payment times described in the previous section.

Things to remember

Below you can find a checklist related to gold coin purchases and sweepstakes coins redemptions:

  • You’ll never be required to make a purchase at legal sweepstake casinos.
  • Gold coins hold no value but can be purchased.
  • Sweeps coins are provided as a free bonus and can be redeemed.
  • Each site has its own currency, although sweeps and gold coins are the most commonly used.
  • The exchange rate of sweeps coins can range from one platform to another.
  • The minimum redemption limit usually begins at $50.
  • Large prizes exceeding $1,000 are typically paid out via ACH Checks or Bank Transfers.
  • Players in Idaho can only play using gold coins. Florida and New York residents’ sweeps cash winnings are capped at $5,000 for any given session.
  • All legit sweepstake casinos will require you to complete the KYC procedure before you are allowed to cash out prizes.
  • You will not always have the same options for purchasing GC and redeeming SC.
  • Ensure you become familiar with your sweepstake casino’s terms linked to fees and payout times.
  • Purchasing coins provides exclusive benefits on some sites – removing ads, unlocking additional games, discounts, etc.
  • Always read our reviews to find legitimate sweepstake casinos and pay out any winnings.

You should bookmark this page to stay on top of any new payment method supported by online sweepstake casinos.