Can You Win Cryptocurrencies In Sweepstakes Casinos? Player’s Guide

Recently, millions of gamers have signed up with sweepstakes casinos. The likes of Chumba Casino, WOW Vegas, and Stake.us are more popular than ever, offering players the opportunity to enjoy free-to-play games using ‘gold coins’ and ‘sweeps coins’. If you win enough sweeps coins, you can then redeem them for prizes, which is the most exciting part of the experience. These prizes typically include cash transfers, gift cards and — yep, you guessed it — cryptocurrencies.

Sweepstakes Casinos Where You Can Win Crypto

Because cryptocurrency is such a hot commodity in today’s world, many sweepstakes casinos have decided to start accepting it for purchases and prize redemptions. Typically, these cryptocurrencies include Bitcoin, Ethereum, and Dogecoin. For example, if you were to play inside a sweepstakes casino and win some sweeps coins on the slot machines, you’d be given the option to redeem these coins for cryptocurrencies from the menu. However, not every sweepstakes casino offers crypto as a prize, so let’s take a look at the sites that currently do so you know where to play.

• Stake.us: Stake.us is one of the leading sweepstakes casinos in the US, having first launched back in 2022. Since then, it’s added over 700 games to its library — including popular slots like Sugar Rush and Sweet Bonanza — while also introducing BTC, ETH, LTC, DOGE & other cryptocurrencies to its prize pool. As long as you win enough ‘Stake Cash’, you’ll have the option to redeem it for any of these cryptocurrencies.
• Sweeptastic: Sweeptastic is another great sweepstakes casino with crypto, with its main offerings being BTC, ETH, LTC, and USDT. The site also has an eye-watering 1,000+ casino games in its library, which is enough to keep even the most die-hard of players entertained all year long. Plus, every day that you log in to Sweeptastic account, sweepstakecasinobonuses.com reports that you’ll receive 1,000 lucky coins for free. Whether you’re a beginner or experienced player, it’s a nice little bonus.
• Vegas Gems: Outside of cash and vouchers, Vegas Gems also offers crypto as one of its main types of prizes. Whenever you feel like cashing out some of your coins for BTC, BTC Cash, LTC, ETH, or USDT, you can — as it’s super easy to do. First, though, you’ll have to win enough ‘Gems’, which is the site's special version of sweeps coins. You can win Gems by playing slots, table games, and even scratchcards, so have fun.

Whichever of these sweepstakes casinos you decide to join, remember that you can’t win cryptocurrencies using gold coins. Instead, cryptocurrencies can only be redeemed with sweeps coins, so you’ll need to build a decent-sized collection of them before you’ll be allowed to do this. Usually, the minimum amount is 30 SC for a crypto redemption, so make sure to remember this when you start playing.

How to Redeem Crypto Prizes in Sweepstakes Casinos

Let’s say that you join a sweeps casino and decide you want to redeem some of your coins for crypto. Great — the good news is that it’s actually pretty easy to do. Here’s a general overview of how the process works:

• Open the menu
• Go to the prize redemption section
• Select the cryptocurrency you want (e.g. Bitcoin) and how many coins you want to redeem
• Provide the address of your personal crypto wallet
• Submit your request and wait for the crypto to arrive in your wallet (this typically won’t take longer than 24 hours)

Aside from crypto, you can also redeem plenty of other prizes, too. For example, if you want to exchange your sweeps coins for cash, you can. Similarly, it’s also possible to redeem gift cards, merchandise, and other random prizes inside most sweepstakes casinos, so the freedom of choice is yours.

Crypto Sweepstakes Casinos FAQ

Are Crypto Sweepstakes Casinos Legal?

The short and sweet answer is yes — they are. Sweepstakes casinos are currently legal in most countries and 48 out of 50 US states, making them widely accessible to the general public. The reason why they’re legal almost everywhere is because they technically aren’t classed as gambling sites. They use virtual coins instead of real money, which isn’t a gambling currency in the eyes of the law.

How Can You Know if a Sweepstakes Casino is Legit?

This part is easy. To check the legitimacy of a sweepstakes casino, all you have to do is verify the site’s licensing. Usually, most sweepstakes casinos with crypto are licensed by a relevant authority, such as the Malta Gaming Authority or Isle of Man Gambling Supervision Commission. Once you see that the sweeps casino is officially licensed, you can go ahead and create an account. Also, another good thing to do is double-check the reviews, just in case a particular sweepstakes casino isn’t delivering in a particular area (e.g. it has bad customer service).

Are Crypto Winnings Taxable in Sweepstakes Casinos?

Naturally, some players win a lot of cryptocurrencies when playing inside sweepstakes casinos. As a result, they want to know if these cryptos are taxable. In most cases, crypto assets received as a reward are supposed to be taxed, including Bitcoin and Ethereum. However, this is something you’d need to verify with your accountant first.

The Bottom Line

You’re now up-to-date with everything you need to know about sweepstakes casinos and the cryptocurrencies you can win inside them. Remember, Stake.us, Sweeptastic, and Vegas Gems are currently the main sweeps casinos that allow you to deposit (and win) cryptocurrencies if you collect enough sweeps coins, so you’ll need to create an account with one of them if this is what you’re aiming to do. Have fun!