If you've played at social casinos or some other "freemium" gaming sites, you've likely encountered sweepstakes coins. But what exactly are they? Let me explain:

Sweepstakes coins are virtual currencies used at gaming sites that operate under a "sweepstakes" model rather than offering real money gambling.

Instead of wagering cash, players purchase coin packages to use on games like slots or bingo that award virtual coin prizes.

Coins then have an exchange value if saved up to redeem for sweepstakes-style entries into drawings for cash and non-cash rewards.

This model complies with some U.S. gambling laws by removing direct stakes/payouts of legal tender. However, coins do implicitly have a tangible value.

While they can't be withdrawn as cash, sweepstakes coins allow players to enjoy casino-style games for virtual currencies with an element of real-world prize potential from sweepstakes drawings.

It's an alternative format for individuals who prefer gaming as entertainment over gambling risks with their money https://sportzino.com/blog/what-are-sweeps-coins/ . Just remember coins only have value within their native gaming platform.