Ready-to-launch & Customizable
Online Sweepstakes Platform
Table of Contents
- What Are Social Casinos?
- Key Features Of Social Casinos
- What is Sweepstakes Casino Software?
- Key Features of Sweepstakes Casino Software Solutions
- Traditional Online Casinos Vs Sweepstakes Casinos
- Why are Players More Interested in Sweepstakes Casinos?
- Navigating the Future of Social and Sweepstakes Casinos
- How Sweepstakes Software Solutions Can Benefit Your Business?
- Get Ready-to-Launch Turnkey Sweepstakes Software at GammaSweep
- Frequently Asked Questions
The digital revolution has significantly transformed the casino industry by introducing legal and innovative models of
social and online sweepstakes casinos. With the advent of technologies like AR and VR, casino platforms have become
modernized and thus offer more realistic and virtual casino experiences even without involving real money wagering.
The casino industry has been going through an unprecedented shift since the pandemic when the concept of social casino
games became widely popular in various countries and states. As per the report by Statista, in 2020, the social casino
segment witnessed a hike in the global gross gaming revenue, which amounted to $6.2 billion. The figures are expected to
rise to $7.5 billion annually by the year 2026.
In the current online gambling industry, social casinos and sweepstakes casino software solutions offer a legal, unique,
and innovative way to play online casino games. Social casino and sweepstakes gaming software offers players and
operators a legal complaint alternative to traditional gambling platforms.
Online sweepstake software solutions allow players to play a varied range of casino games without making use of real
money. Players can play casino games using virtual currencies that hold no real value in the real world, minimizing
risks and promoting a fun and rewarding gambling experience.
So whether you are a casino operator or an individual looking to establish a social casino platform, this blog is just
for you! This blog entails everything you need to know about sweepstakes software solutions, enabling you to make your
own identity in the competitive iGaming world.
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What is Sweepstakes Casino Software?
Sweepstakes casino software is an online gambling platform built on the concept of the “sweepstake model,” which emphasizes on the policy of “no purchase necessary.” It is a type of social casino platform using which players can participate in various casino games and potentially win exciting prizes without burning a hole in their pocket. This implies that they don’t need to make real money spendings to enter any game and thus can play using virtual currencies. This makes the sweepstakes model a risk-free and legal alternative to conventional gambling platforms.
The virtual currencies in sweepstakes casino software are divided into two categories including,
Gold Coins (GC)
These types of coins are primarily used to enter the game and have no monetary value. At the time of login, players get gold coins, using which they can participate in different contests and challenges. They can purchase varied gold coin packages to enjoy the social aspects of casino games, but these coins can’t be redeemable for cash or rewards.
Sweep Coins (SC)
Sweep Coins are redeemable coins that players can redeem for cash, rewards, coupons, and so on. Unlike gold coins, they
offer monetary value to players and can be obtained via various methods such as winning a casino game contest, bonuses,
promotions, and other types of social activity offered by sweepstake software.
This dual currency system is what makes sweepstakes casino platforms stand out among other types of social casinos, and
thus contribute to their popularity worldwide.
What’s Different About Sweepstakes?
Key Features of Sweepstakes Casino Software Solutions
Admin Dashboard
Using the comprehensive admin dashboard, admins can manage data such as transactions, login, reports, stats, and player performance most effortlessly.
Casino management
Operators can manage game providers, add new games, and keep track of existing game categories using comprehensive casino management tools.
Player Management
Admins can manage the player details, performance, and stats in the most effortless way. They can keep track of daily activities and reward them on the basis of that.
Customer Relationship
The sweepstakes casino platform also provides operators a facility to foster relationships and connections with CRM tools, increasing overall customer engagement and loyalty.
Bonus Management
Bonus management tools allow operators to manage login and performance bonuses of the players based on their activity.
Content Management Systems
Social casinos offer players a set amount of virtual currencies through which they can enter and play various games. They can purchase additional virtual currency with real money, but only certain virtual currencies are converted into cash prizes.
Security Management
Sweepstakes casino software comes with a KYC module and anti-fraud system that allow operators to verify players, track violations, and take quick actions on security breaches.
Coin Management
Operators can manage both gold coin packages and sweep coins to seamlessly operate a varied range of online sweepstakes casino games.
Settings
Operators can manage various aspects using settings such as KYC list, operating state list, blocked country list, security alerts, payment gateways, etc.
Player Panel Features
Coin Subscription Packages
Allows players to purchase gold coins and sweep coins as per the predetermined coin packages by the operators.
Spin the Wheel
Players can earn complimentary gold coins or sweep coins by spinning the wheel. This is considered a daily login bonus.
Game Lobby
The game lobby is the space where you showcase a wide range of games and categorize them on the basis of their niche, allowing players to select their favorite game to play online.
Responsible Gaming
The online sweepstakes software follows responsible gaming, which promotes healthy gambling practices and supports a fair and safe gambling environment.
Refer & Earn
This feature allows players to refer the sweepstakes casino platform to their friends and family and earn additional coins for gameplay. This increases their engagement and retention on the platform.
Multiple Payment Modes
Players can purchase various coin packages using multiple payment gateways such as debit and credit cards, PayPal, Skrill, Mastercard, e-Wallets, and so on.
Coin Redemption
Players can redeem their sweep coins into real cash, coupons, or gifts. They can even transfer them directly to their bank account or crypto wallets.
Promotions
The sweepstakes casino software offers unlimited promotions that allow players to win additional coins, ultimately enhancing their overall engagement and retention.
Help Centers
With live chat rooms and dedicated query resolution space, players receive solutions to each query in the quickest time possible.
VIP System
Online sweepstakes software offers a VIP system that rewards players based on their performance and enables them to earn VIP rewards, boosting customer loyalty.
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Traditional Online Casinos Vs Sweepstakes Casinos
Legal Framework
Traditional online casinos and sweepstakes casinos are regulated under different legal frameworks. Regular online casinos must obtain licenses to operate in jurisdictions where online gambling is regulated. Whereas, sweepstakes casinos operate under sweepstakes laws, which emphasize a “No purchase policy,” enabling them to function in most U.S. states where online gambling is prohibited.
Payment and Prize Systems
Conventional online casinos allow players to deposit money to bet and withdraw real cash on winnings. However, sweepstakes casinos promote a different type of virtual dual-currency system; Gold coins and Sweep coins. Gold coins don’t have monetary value to players and are for social and entertainment purposes. Whereas, Sweep Coins can be redeemable as a bonus for cash, prizes, or coupons.
Game Type
Traditional casinos offer more options for online casino games to players as compared to sweepstakes casinos. Casino games that primarily involve real-money wagering are not permitted in sweepstakes casinos, which restrict players from playing different types of real-money gambling games.
Social Interaction and Engagement
Both conventional and sweepstakes casinos offer various strategies to engage players. Sweepstakes casino software offers various social interaction options such as leaderboards, virtual gifts, and dedicated chat rooms that increase the overall engagement and motivation of the players. Whereas, traditional casinos offer fewer social interaction opportunities to players and more opportunities to win real money or cash prizes.
Financial Models & Technology
Traditional online casinos generate revenue from the player loss and vig, which means if players lose the bet, the money goes into the pocket of the operators. Whereas, on the other hand, sweepstakes primarily earn from the sale of gold coins packages, which players purchase to amplify their gameplay experience or move up the ladder of various in-game contests and challenges.
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Why are Players More Interested in Sweepstakes Casinos?
Legal Landscape
Social casinos offer players a set amount of virtual currencies through which they can enter and play various games. They can purchase additional virtual currency with real money, but only certain virtual currencies are converted into cash prizes.
Accessibility
Sweepstakes casinos are more accessible and easily available in almost all the states of the US, making it a more flexible and convenient option for those who want to gamble for fun and entertainment purposes.
Game Variety
Sweepstake software solutions offer players a wide range of online casino games from live dealer casinos to classic slots and mini casino games. Additionally, sweepstakes software distributors offer players a varied range of options that cater to the interests of the players.
Low Risk
Players are not required to wager real money to enter sweepstakes casinos, making it less risky as compared to real-money casinos. They offer players a chance to connect with other players and enjoy the realistic casino experience without spending a single penny or bearing financial losses.
Real Rewards
The sweepstake software solution allows players to win real rewards via sweep coins that are redeemable for cash prizes, gifts, coupons, and vouchers. This not only enhances the engagement but also adds an extra thrill to their gameplay experience.
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Navigating the Future of Social and Sweepstakes Casinos
Social and sweepstakes casinos epitomize entertainment which allows players to take part in various casino games available online such as blackjack, poker, slots, and baccarat without involving any financial risks. The USP of such games is that they stress more “social interaction and entertainment,” rather than real-money wagering, which makes it legal in all the restricted areas and states where online traditional gambling is prohibited. The future of sweepstakes casinos is bright and the popularity is here to stay.
As the future of gambling unfolds, people are more inclined towards online sweepstakes casinos, poised on the edge of legal scrutiny and innovation. They ensure fair gameplay and protect consumers, allowing them to play risk-free gambling games and earn real cash without spending a single penny. The world of social and sweepstakes gaming continues to increase in a sustainable and compliant manner.
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How Sweepstakes Software Solutions Can Benefit Your Business?
Competitive
Edge
Regulatory
Compliance
Increased
Engagement
Monetization Opportunities
Competitive Edge
The online casino industry is highly competitive and this is the reason why a lot of sweepstakes software providers today are launching their unique and innovative ideas to attract a lot of players opting for online gambling. By launching your own unique sweepstake software, you can attract a massive number of players and tap the untapped market of gambling most effectively.
Regulatory Compliance
Sweepstakes are a part of social casinos, which are more subjected to fun and entertainment and not real money wagering. Due to its dual-virtual currency system, sweepstakes are regulated and operated in almost all the states of the U.S., maintaining compliance with their rules and regulations of no real money wagering
Increased Engagement
By offering more opportunities for social interaction such as dedicated chat rooms, leaderboards, and virtual gifts, sweepstakes casinos offer more player engagement as compared to traditional online casinos, increasing the chance for retention and boosting overall customer loyalty.
Monetization Opportunities
As a sweepstakes casino operator, you receive a wide range of monetization opportunities such as customizable coin packages, in-game promotions, and third-party collaborations. By acquiring online sweepstakes software, you can reach the restricted markets of online gambling to generate a great amount of revenue.
Launch Sweepstakes Business Model
Key Takeaways
- Social casinos and sweepstakes are legal in most states and countries due to their nature of no real money wagering.
- Launching a sweepstakes solution is a profitable venture for operators for a lot of reasons like regulatory acceptance, cost-effectiveness, and wide reach.
- Players are more inclined towards social casinos because they offer free-to-play casino games that are played using virtual currencies instead of real money.
- Social casinos or sweepstakes are less risky, widely acceptable, and engaging casino platforms.
- Sweepstakes solutions stress more on social engagement and thus offer players a wide range of interaction opportunities such as live chat, leaderboards, refer and earn, and so on.
Get Ready-to-Launch Turnkey Sweepstakes Software at GammaSweep
- On-demand customizations
- Compliance with U.S. Laws
- Quick Deployment
- Virtual Currency System
- Third-Party API integrations
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Frequently Asked Questions
How to select the best sweepstake software provider?
Ensure to check out these factors to select the best sweepstakes software providers, including:
- Price of the software
- Experience
- On-demand customization
- 3rd party Integrations
- Feature-list
- Client testimonials
- Reputation of the software providers
- Post-launch services
What Are Social Casinos?
Key Features Of Social Casinos
Virtual Currency
Social casinos offer players a set amount of virtual currencies through which they can enter and play various games. They can purchase additional virtual currency with real money, but only certain virtual currencies are converted into cash prizes.
Player Engagement
They place more emphasis on player fun, interaction, and engagement and not on real money wagering. Social interaction and connection are the main motives of such casino games.
Reward System
The reward system of social casinos is a bit different from traditional casinos, offering players a chance to earn virtual rewards, trophies, and coupons.
Community Engagement
Social casinos offer a wide range of social elements such as community events, friend lists, and chat rooms, which players can use to foster connection and build a community of gamers.
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