Sweepstakes casinos are online casinos that are based on two different virtual currencies: Gold Coins (GCs) and Sweeps Coins (SCs). Many bettors enjoy online casino games but still want the ability to cash out from the comfort of their own homes or on the go.
However, due to varying state laws across the country, it is impossible for online casinos to work the same way on-land casinos do. Hence, the beginning of sweepstakes casinos. Sweepstakes casinos work along with state laws, allowing bettors to cash out any hard-earned winnings simply by using Gold Coins and Sweepstakes Coins.
What Are Gold Coins?
Gold Coins are sweepstakes casinos’ main currency and hold no monetary value outside of the platform. Their primary purpose is to bet and play games on the app or site. They can be rewarded, earned, or purchased with real money.
Gold Coins are often referred to as a “fun-to-play” currency and appeal to free-to-play users in online casinos. Sticking to Gold Coins is preferable for those who wish to play for fun and aren’t interested in earning real winnings or spending their own money.
What Are Sweeps Coins?
Sweeps Coins are the second currency that sweepstakes casinos use to operate under the sweepstakes model. These coins cannot be outright purchased and can only be earned or rewarded. Sweeps Coins hold monetary value (unlike Gold Coins) and although they can be used for games and betting, these coins can be exchanged for real prizes or cash.
The only real catch is that these coins usually need to reach a minimum amount before users can cash out for a prize (such as gift cards).
Why Choose Gold Coins and Sweeps Coins
Online casinos that use the sweepstakes model, like Yay Casino, have a great advantage over on-land casino slot machines. While land-based casinos are appealing, they don’t offer any options for more casual players. There is no “Gold Coin, free-to-play” option for land-based casinos. If bettors wish to play casually or even just try out and demo a machine or game, they have no choice but to invest (and potentially lose) money.
The use of sweepstakes coins allows bettors to have more control over their gaming experience. Having Gold Coins dedicated for casual play with no risk or worry and delegating Sweeps Coins to more serious play when trying to earn big winnings is a huge advantage to traditional means of gambling in conventional on-land casinos.
How To Earn Gold Coins and Sweeps Coins
Earning Gold Coins and Sweeps Coins is simple. The first (and easiest way) to earn these currencies is welcome bonuses. Most sweepstakes casinos offer generous welcome bonuses where they reward new players with a hefty amount of Gold Coins and a smaller amount of Sweeps Coins on the side to allow newbies to get into gaming and betting right away.
While both currencies be gifted or earned through winning games on the platform, Gold Coins can simply be bought. If players decide to invest real money into their digital wallet, they can simply enter their banking information and purchase as many Gold Coins as they wish.
