{"id":6868,"date":"2024-10-04T10:25:55","date_gmt":"2024-10-04T10:25:55","guid":{"rendered":"https:\/\/velki365live.com\/?p=6868"},"modified":"2024-10-07T15:04:13","modified_gmt":"2024-10-07T15:04:13","slug":"sweepstakes-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/velki365live.com\/blog\/solutions-blog\/sweepstakes-everything-you-need-to-know\/","title":{"rendered":"Sweepstake Casinos Explained: Everything You Need To Know"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6868\" class=\"elementor elementor-6868\">\n\t\t\t\t\t\t<div   id="alu7soc6t0"    class=\"elementor-inner\">\n\t\t\t\t<div   id="alu7soc6t0"    class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-60d9ea7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"60d9ea7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div   id="alu7soc6t0"    class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div   id="alu7soc6t0"    class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-225bb52\" data-id=\"225bb52\" data-element_type=\"column\">\n\t\t\t<div   id="alu7soc6t0"    class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div   id="alu7soc6t0"    class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0226a74 elementor-widget elementor-widget-text-editor\" data-id=\"0226a74\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div   id="alu7soc6t0"    class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div   id="alu7soc6t0"    class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><span style=\"font-weight: 400;\">Sweepstakes and social gaming has quickly become a significant force in the online entertainment industry, offering a unique and legally compliant alternative to traditional gambling. For many operators this provides a relatively easy and quick way to launch a site.<\/span><\/p><p><span style=\"font-weight: 400;\">Understanding the intricacies of sweepstakes models can help both players and operators navigate this evolving landscape and take full advantage of its opportunities.<\/span><\/p><h4><strong>30-Second Summary<\/strong><\/h4><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sweepstakes casinos offer similar games to traditional casinos, but allow operators to avoid the stringent real-money laws and licensing.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Players purchase gold coins to play for free, and can earn sweepstakes coins that can be redeemed for cash and prizes.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With a market estimated to have 85m players a day worldwide, it\u2019s a new frontier in casino gaming.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Providers and platforms are racing to support sweepstakes and social casinos with currencies solutions and gaming content.<\/span><\/li><\/ul><p><span style=\"color: #ffffff;\">.<\/span><\/p><h4><strong>What are Sweepstakes Casinos?<\/strong><\/h4><p><span style=\"font-weight: 400;\"><a href=\"https:\/\/velki365live.com\/sweepstakes-casinos-software\/\">Sweepstakes casinos<\/a> mirror real-money casinos but operate under sweepstakes law, allowing them to offer games legally across many gambling-regulated jurisdictions, including the United States. They operate under a \u201cfreemium\u201d model.<\/span><\/p><h4><strong>And What are Social Casinos?<\/strong><\/h4><p><span style=\"font-weight: 400;\">Whilst sweepstakes and <a href=\"https:\/\/velki365live.com\/social-casino-games-api-solutions\/\">social casinos<\/a> may be used interchangeably, it\u2019s worth noting that social casinos are purely about fun-play, and do not offer players the chance to win prizes or cash.<\/span><\/p><h4><strong>Why the Big Deal?<\/strong><\/h4><p><span style=\"font-weight: 400;\">Various studies have painted a picture of a huge genre of gaming, worth \u20ac7bn in 2021 and expected to grow to $12bn by 2031, with an estimated 85m daily players worldwide of which 60% are in the United States.<\/span><\/p><h4><strong>Understanding Sweepstakes Casinos<\/strong><\/h4><p><span style=\"font-weight: 400;\">The operation is based on \u201cno purchase necessary.\u201d Players can participate in games and potentially win prizes without spending money, although they have the option to purchase gold coins if they wish. This is achieved through the use of virtual currencies, typically divided into two categories:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gold Coins (GC): Used for fun-play and have no monetary value. Players purchase gold coins to enjoy the social aspects of casino games, but these coins cannot be redeemed for cash or prizes.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sweepstakes Coins (SC): Unlike gold coins, sweepstakes coins have the potential to win rewards with value, including cash. Players cannot directly purchase SC; instead, they are obtained through bonuses, promotions, or social activities. Players can redeem them for prizes or cash on meeting certain criteria.<\/span><\/li><\/ul><p><span style=\"color: #ffffff;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">This dual-currency system and absence of depositing to play for real money,\u00a0 is what sets sweepstakes casinos apart from traditional gambling platforms.<\/span><\/p><h4><strong>How Sweepstakes Casinos Work<\/strong><\/h4><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sign-up: Players join and purchase virtual coins or tokens (gold coins) to play games. Some sweepstakes casinos also offer players gold coins (GC) for free upon sign-up.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bonuses: Sweepstakes coins (SC) are often gifted in welcome packages, with gold coin purchases, or as rewards for play, in leaderboard promotions and social sharing.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Play: Users can play many of the same games as on a real-money casino. These games are adapted to cater for the two sets of coins.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compliance: In sweepstakes games, certain phrases are changed to distinguish them, such as \u201cplay\u201d (replaces \u201cbet\u201d), \u201ccoins\u201d (\u201cbalance\u201d) and \u201cspin\u201d (\u201cstake\u201d).<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Redemption: Once a player has accumulated enough sweepstakes coins, they can redeem them for prizes, such as cash, gift cards, or merchandise, depending on the platform\u2019s offerings, as long as they meet certain KYC criteria.<\/span><\/li><\/ol><p><span style=\"color: #ffffff;\">.<\/span><\/p><h4><strong>The Popularity of Sweepstakes Casinos<\/strong><\/h4><p><span style=\"font-weight: 400;\">The growing popularity of sweepstakes casinos is driven by several factors:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Legal compliance: the model allows operators to offer real prizes while staying within the bounds of law, making them accessible in markets where traditional gambling is heavily regulated.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Social engagement: Many sweepstakes casinos incorporate social elements, such as live chats and competitions, which enhance the player experience and build community.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accessibility: With no purchase necessary, sweepstakes casinos are accessible to a broader audience, including those who may be cautious about gambling but still enjoy the thrill.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sweeps-ready games: providers are moving fast to convert their games into sweepstakes-enabled games. Players can play their real-money favourites in a growing number of sweepstakes casinos.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Technical readiness: Additionally, games providers, platforms and aggregators are developing support for sweepstakes and social coins and virtual currencies, to support the increasing demand.<\/span><\/li><\/ul><h4><img decoding=\"async\" class=\"alignnone wp-image-6524 size-large\" src=\"https:\/\/velki365live.com\/wp-content\/uploads\/2024\/04\/focused-asian-man-playing-games-e-sport-on-smartph-2023-11-27-04-58-34-utc-1024x576.jpg\" alt=\"Man playing mobile games\" width=\"800\" height=\"450\" srcset=\"https:\/\/velki365live.com\/wp-content\/uploads\/2024\/04\/focused-asian-man-playing-games-e-sport-on-smartph-2023-11-27-04-58-34-utc-1024x576.jpg 1024w, https:\/\/velki365live.com\/wp-content\/uploads\/2024\/04\/focused-asian-man-playing-games-e-sport-on-smartph-2023-11-27-04-58-34-utc-300x169.jpg 300w, https:\/\/velki365live.com\/wp-content\/uploads\/2024\/04\/focused-asian-man-playing-games-e-sport-on-smartph-2023-11-27-04-58-34-utc-768x432.jpg 768w, https:\/\/velki365live.com\/wp-content\/uploads\/2024\/04\/focused-asian-man-playing-games-e-sport-on-smartph-2023-11-27-04-58-34-utc-1536x864.jpg 1536w, https:\/\/velki365live.com\/wp-content\/uploads\/2024\/04\/focused-asian-man-playing-games-e-sport-on-smartph-2023-11-27-04-58-34-utc-2048x1152.jpg 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/h4><h4><strong>Why Sweepstakes Casinos Matter for Operators<\/strong><\/h4><p><span style=\"font-weight: 400;\">For operators, the sweepstakes model offers a way to enter markets that are otherwise closed to traditional gambling. The ability to attract a diverse player base with both fun-play and prize-winning games makes sweepstakes casinos a versatile and attractive option for iGaming companies.<\/span><\/p><p><span style=\"font-weight: 400;\">Additionally, they are seen as a complement to real-money casinos, allowing the operator to serve multiple player preferences, as well as providing a means of growing player bases.<\/span><\/p><h4><strong>LuckyStreak\u2019s Role in the Sweepstakes Landscape<\/strong><\/h4><p><span style=\"font-weight: 400;\">LuckyStreak has responded to the demand of the sweepstakes market by providing operators and platforms with virtual currency support and sweepstakes-ready content.<\/span><\/p><p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/company\/luckystreak\/\">LuckyStreak<\/a>\u2019s own live games are undergoing a transformation to move enable their studio-led proposition to serve the specific needs of the market. And through our content aggregator LuckyConnect, we can offer a growing selection of leading providers like Pragmatic Play, Tom Horn, Fugaso, BGaming and more (with more onboarding for the coming months).<\/span><\/p><p><span style=\"font-weight: 400;\">LuckyStreak CTO and Co-founder<\/span><a href=\"https:\/\/www.linkedin.com\/in\/erezc\/\"> <span style=\"font-weight: 400;\">Erez Cywier<\/span><\/a><span style=\"font-weight: 400;\"> talked about the pivot into sweepstakes support: \u201cThe key steps included adding support for non-FIAT\/ cryptocurrencies and being able to support any customised currency our customers use on their platforms. In doing so, LuckyStreak learned to rethink the way we viewed the players\u2019 currencies to be somewhat more abstract.<\/span><\/p><h4><strong>Partnering for Success<\/strong><\/h4><p><span style=\"font-weight: 400;\">Additionally, by partnering with <a href=\"https:\/\/velki365live.com\/blog\/special-features-blog\/sweepium-sweepstakes-new-battle\/\">specialist sweepstakes platforms like<\/a><\/span> <span style=\"font-weight: 400;\">Sweepium<\/span><span style=\"font-weight: 400;\">, LuckyStreak has adapted its technology to support the unique requirements of sweepstakes and social gaming. This includes the ability to handle multiple virtual currencies and currency formats, and provide high-definition, immersive gaming experiences that rival traditional casinos.<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cSweepium provides an array of sweepstakes and social models, catering to diverse strategic brand launches\u201d says Daniel Mitton, the company\u2019s Chief Business Development Officer and Co-founder. \u201cSweepstakes and social gaming presents a distinctive gaming experience that can attract a novel player demographic for both B2B providers like LuckyStreak and operators.\u00a0 The ease of integration involved unveils numerous distinctive opportunities within our partnerships.\u201d<\/span><\/p><h4><strong>Conclusion: A New Broom in Casino Gaming<\/strong><\/h4><p><span style=\"font-weight: 400;\">The sweepstakes casino model represents a significant shift in the iGaming industry, offering a legal, innovative, and engaging alternative to traditional gambling.<\/span><\/p><p><span style=\"font-weight: 400;\">With developments like LuckyStreak\u2019s advanced technology this gaming format is poised to lead the way in this new era of gaming.<\/span><\/p><p><span style=\"font-weight: 400;\">Particularly in the huge and competitive yet highly regulated and complex US market, it is proving to be an opportunity that many are grasping.<\/span><\/p><p><span style=\"font-weight: 400;\">For more information on how LuckyStreak can help you leverage the sweepstakes model, please contact us:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Email: hello@velki365live.com<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Skype:<\/span><a href=\"https:\/\/join.skype.com\/invite\/dGmzZxfPSz7q\"> <span style=\"font-weight: 400;\">https:\/\/join.skype.com\/invite\/dGmzZxfPSz7q<\/span><\/a><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Telegram:<\/span><a href=\"https:\/\/t.me\/markotel70\"> <span style=\"font-weight: 400;\">https:\/\/t.me\/markotel70<\/span><\/a><\/li><\/ul>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f092f0e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f092f0e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div   id="alu7soc6t0"    class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div   id="alu7soc6t0"    class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5044108\" data-id=\"5044108\" data-element_type=\"column\">\n\t\t\t<div   id="alu7soc6t0"    class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div   id="alu7soc6t0"    class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9611fe2 elementor-widget__width-inherit elementor-align-center sidebar-get-in-touch-btn elementor-widget elementor-widget-button\" data-id=\"9611fe2\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div   id="alu7soc6t0"    class=\"elementor-widget-container\">\n\t\t\t\t\t<div   id="alu7soc6t0"    class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"\/contact-luckystreak\/\" class=\"elementor-button-link elementor-button elementor-size-lg elementor-animation-grow\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Get in touch<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Sweepstakes casinos are a force in iGaming. So what are they, and how do they work?<\/p>\n","protected":false},"author":14,"featured_media":6870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[114,79,113,112,59],"class_list":["post-6868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solutions-blog","tag-b2b","tag-igaming","tag-licensing","tag-mga","tag-online-gaming"],"acf":[],"yoast_head":"\n<title>Sweepstakes casinos: all you need to know<\/title>\n<meta name=\"description\" content=\"Sweepstakes casinos are a force in iGaming, offering an alternative to real-money gambling. 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