Sportsgrid Staff
Host · Writer - Published: 12/02/24
Sweepstakes casinos do not offer real money games and so there is no such thing as a RealPrize cashout function. Instead, it uses virtual currencies and offers prize redemptions, which can be claimed by collecting enough Sweeps Coins and requesting a redemption.
So you can forget the RealPrize cashouts and RealPrize payouts, and instead, look for how you can make RealPrize redemptions. In this guide, we will run through the RealPrize currencies, the sweepstakes bonus mechanics, how you can collect Sweeps Coins, and then finally the RealPrize redemption procedure.
In short, no, RealPrize does not offer a standard cashout. RealPrize is not a conventional online casino, it is a sweepstakes casino, meaning you don’t stake your gaming rounds with USD but instead, use the virtual currencies Gold Coins and Sweeps Coins. The Sweeps Coins are the promotional currency, and when you collect enough of these and clear the playthrough requirements, you can redeem them for prizes.
RealPrize redemptions can be made via physical or digital gift cards, or bank transfers. The Sweeps Coins can only be converted to Sweeps Prizes if they have been used at least once in Sweep Coin Mode Contests. Essentially, that they have cleared the 1x playthrough requirement. Then, the minimum limits for the method of redemption must be observed, and perhaps most important of all, RealPrize can ask for players to verify their payment methods or account ID prior to redemptions. Below is a table describing the redemption methods.
| Redemption method | Minimum limit | Time to receive prize |
|---|---|---|
| Cash transfers | 100 SC | Up to 7 days |
| Physical gift cards | 45 SC | 3-5 days but varies by post |
| Digital gift cards | 45 SC | 1-3 days |
In our RealPrize review you can find a more detailed summary of the sweepstakes currency mechanics used by RealPrize. Here, we will do a quick brush-up to explain the terms.
Gold Coins are a currency that are used for entertainment gameplay only. They are non-redeemable, and generally RealPrize offers this currency in big batches. Players can use GC to practise games or play for entertainment purposes. There are also opportunities to purchase GC at the store.
Sweeps Coins are the promotional currency, that players can collect and then convert into Sweeps Prizes for redemption. They have a 1x playthrough requirement, which must be cleared before the SC are eligible for redemption. SC cannot be bought outright, but it may be offered as an extra in select GC package bundles. Other ways to claim SC include through daily logins, promotions, gameplay, and through mail-in AMoE SC promotions.
| Gold Coins | Sweeps Coins |
|---|---|
| Play for fun | Play in promotional sweeps mode |
| Get by purchasing, through gameplay, or promotions | Only available in SC promotions or SC gameplay |
| Non-redeemable | Redeemable if SC passes 1x playthrough |
To get closer to any potential, it is important to understand how the bonuses at RealPrize work. Not all RealPrize offers grant SC, and even when Sweeps Coins are included in the offers, these must be used at least once in gameplay to become eligible for Sweeps Prizes. Registered players with Sweeps Coins can check their balance, and how much of this is redeemable at any time in their Sweeps Coin Wallet.
| Offer | What You Get | SC Included | Bonus Type | Purchase/Deposit Required? | Best For? | Terms to Check |
|---|---|---|---|---|---|---|
| First Purchase Welcome Bonus | 625K GC + 125 SC free + 1250 VIP Points | 125 SC | Welcome bonus | Yes | Generous starter boost for newcomers | Purchase requirements |
| No Purchase Welcome Bonus | 100k GC + 2 SC free | 2 SC | Welcome bonus | No | Starter package for newcomers | KYC needed or not |
| Daily Login | 5k GC + 0.3 SC free | 0.3 SC | Recurring bonus | No | Daily GC + SC accrual | May increase with login streaks |
All three of the RealPrize offers above have SC. The first purchase bonus is the only one that requires players to make a USD purchase on the site, the others can be claimed straight after a player signs up.
In terms of which is best for reaching redemption faster, the simple answer is the more SC, the better a player’s chances of getting a redemption. But in reality, any SC claimed through promotions such as these must be used at least once, so there is a chance that players lose their SC in gameplay, and thus cannot meet the minimum limit needed to redeem. That is why the best is arguably the first purchase bonus, which offers a whopping 125 SC free. Though perhaps a better answer is all three offers. As you don’t need to pick between the three, if you wanted, you could claim all three. They are stackable, just don’t forget that the first purchase bonus with 125 SC free requires you to spend real money at RealPrize. The others don’t.
The VIP points that are offered in that first purchase bonus go straight into the RealPrize loyalty program. It is a 7-tier club that offers greater rewards as players climb the tiers.
| Loyalty Level | Associated Rewards |
|---|---|
| Bronze | Daily bonus and GC purchase multiplier 1x |
| Silver | Daily bonus, GC purchase multiplier 1.25x, personal VIP host and birthday gift |
| Gold | Everything in Silver + special VIP deals |
| Rose Gold | Everything in Gold + exclusive game access |
| Green | Everything in Rose Gold + RealPrize merch gift |
| Pearl | Everything in Green + exclusive weekly events |
| Black | Classified details: special privileges beyond VIP status |
Players can get points and climb the tiers by signing in daily, playing and engaging on the platform. Therefore, more active players can climb the tiers faster, but with the first purchase bonus newcomers can also get a leg up in the RealPrize VIP program.
Prize redemption at RealPrize is not complicated if you follow the steps and comply with the conditions of Sweeps Prizes. Preliminary redemptions may take longer as your KYC and payment methods may need to be verified, but after you have managed your first few redemptions, the process will be a lot smoother.
Complete the KYC account verification steps including proof of address and ID verification
You have 30 days to provide the documents after they are requested
Digital/physical gift cards: Minimum 45 SC
Cash prizes: Minimum 100 SC
SC must be eligible for redemptions, having cleared at least 1x playthrough. This can be viewed in My Wallet
You must be eligible to play on the platform, at least 18 or 21 years old, depending on state laws
Your account is in good standing, with no unresolved disputes or restrictions
You are located in a state where RealPrize operates at the time of redemption. RealPrize’s availability and redemption rules vary by state, and it does not allow players to redeem if they are physically in any of the following states:
Cash prizes: Paid via electronic bank transfer
Digital cards: Sent to your registered email
Physical gift cards: Sent via post to your brick-and-mortar address
Having qualified for prize redemption on RealPrize, the next step is to pick apart how the redemption process works. Anyone who is making their first ever redemption may be asked for KYC verification and potentially proof of address or payment verification, as a security protocol. Though after this first redemption, the process does become more straightforward as those details are confirmed by RealPrize and you can handle your next redemption without going through those safety steps.
Login: Log into your RealPrize account
Open My Wallet: Check your eligible SC here
Select Redeem: Start the redemption request
Choose gift card/cash prize: Pick between physical/digital cards or cash prizes
Enter amount: Submit how much SC you want to redeem
Confirm details: Confirm your email/physical address/bank transfer details where applicable
Wait for processing: The time varies based on the account, redemption method, and amount for redemption
Complete any requested verification: KYC, proof of address and other documents may be requested before RealPrize initiates the redemption
Wait for arrival: Physical gift cards arrive by post, digital cards go to your email, and bank transfers arrive to the account you provide when you confirm details
The process does go faster if players make sure their SC is eligible for redemptions, they don’t have any unresolved disputes, and they have confirmed all their KYC or other documents on the site.
RealPrize has quick turnarounds, with gift cards in as little as 1-3 business days and cash prizes within about a week. That’s faster than many sweepstakes casinos, where waits of 10+ days aren’t unusual.
If you want to reach redemption sooner, take advantage of:
For the best value, many players aim for cash prizes (straight to PayPal or bank) or high-demand gift cards that arrive quickly by email. Either way, focus on building your eligible SC balance using things like the RealPrize daily reload bonus, and you’ll be ready to redeem sooner than you think.
RealPrize is not a real money online casino, it works with virtual currencies, so technically it doesn’t offer a RealPrize cashout. Instead, players can accrue Sweeps Coins on the platform, and if they are eligible, redeem these for prizes.
The minimum SC needed for redemptions is 45 SC for physical or digital gift cards, and 100 SC for cash prizes. Players can only redeem SC that is eligible, having been played through at least once.
RealPrize has three main methods for redemptions, physical gift cards, digital gift cards and cash prizes. The digital gift cards can be redeemed in 1-3 days, cash prizes can take up to 7 days, and physical gift cards are subject to postal delivery times.
The offers with the most SC give players the best opportunities for redemption, but they don’t automatically give players SC that can be redeemed. All SC must be used at least once on any games in Sweeps Mode, and if players have enough for the minimum redemption limits, they can request a redemption.
No, the Gold Coins at RealPrize are for entertainment only. They are not redeemable for any prizes, and can only be used in Fun Mode on any of the games at RealPrize.
Sweeps Coins are a virtual currency at RealPrize that can be used to play Sweeps Mode games. This is the promotional currency, which can be redeemed for cash prizes, once they have met RealPrize’s eligibility and playthrough requirements.
Yes, in the T&Cs RealPrize states that any player whose redemptions exceed $600 are required to complete proof of ID and address. But the terms also state that RealPrize can request these documents from players at their own discretion, and so players should be prepared to complete KYC before making any redemptions.
No, availability and eligibility may vary by state, right now RealPrize is not available in the states of: California, Washington, Idaho, Connecticut, Louisiana, Nevada, New Jersey, New York, Michigan, Montana, Indiana, Maine, and Tennessee. Players should always head to the site first and check if RealPrize offers services in their state.
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