Thus, the nature of sweepstakes is fundamentally different, as they do not solicit consumers to wager their own money. Sweepstakes casinos may also feature a variety of instant win games, such as scratch cards, keno, and virtual sports betting. However, remember to take these reviews and opinions with a grain of salt. Gaming is more fun with friends and the growing SweepsCasinos.US Discord community is the perfect place to connect with more than 3500 fellow sweepstakes casino fans. When it comes to sweepstakes casino winnings, we highly recommend keeping track of your total wins and losses for the year. Consulting with a tax professional and disclosing all of that information is your best bet when it comes time to report winnings and fulfill tax obligations.
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- Choosing a sweepstakes casino is similar to choosing a real money casino but with some important differences.
- Play fair and follow the simple rules and you will have no problems enjoying this often-overlooked form of entertainment that can also be profitable.
- Gold coins are usually awarded as a sign up prize, and they have no redemption value.
- Select from the Banker, Player, or Tie bet with the outcome based on the total value of the cards drawn.
- Unlike many sweepstakes casinos that offer one-time bonuses, Stake.us provides both an initial 5 SC bonus and an ongoing 5% revenue share from all your referred friends’ purchases.
You can be sure that every new sweeps cash casino I recommend has passed my strict safety and security checks and is legit. Contact details for special support groups should be provided along with other helpful on-site tools. Self-exclusion and cool-off periods are essentially to protecting every player. They’re always in contact through different channels, including live chat, email, and telephone.
For example, New York and Florida states require that sweepstakes with prizes totaling more than $5,000 must be registered and filed prior to the commencement of the promotion. NoLimitCoins Casino has one of the most user-friendly designs out there. Over 110 of its games are divided into a few subcategories, even though you can only play slots, jackpot slots, and fish table games.
Last but not least are “refer-a-friend” programs where you can earn bonuses by inviting your friends to join and mentioning you or following a specific link when they sign up. The critical distinction lies in the fact that sweepstakes, which are by definition games of chance, don’t require participants to risk their own money. In contrast, gambling activities necessitate participants to stake their personal funds.
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» Read more in our Stake.us review, and don’t forget to check out our guide to sites like Stake.us. You might get lucky in isolation, but simple math dictates that you’ll lose in the long run. The odds of 2 to 1 don’t match the true probability of the dealer having 21, so save your Sweeps Coins. Thanks to computer simulations, we know the most profitable long-term play in every situation.
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At some sweeps sweepstakes.codes casinos like Stake.us and Luckybird.io, you can even exchange SC for cryptocurrency. Check out the table below to learn more about which types of crypto you can use. Sweepstakes casino bonuses are a popular factor when trying to choose which casino to play.