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The CEO Views > Blog > Micro Blog > A Quick Look into Social & Sweepstakes Casinos: What’s all the buzz about?
Micro Blog

A Quick Look into Social & Sweepstakes Casinos: What’s all the buzz about?

The CEO Views
Last updated: 2024/11/06 at 11:12 AM
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A Quick Look into Social Sweepstakes Casino
A Quick Look into Social Sweepstakes Casino

Modern advanceda gamblers are not easy to surprise. But today we will deal with a topic that is still only understood by some people. The fast popularity of this new gambling format in social and sweepstakes casinos makes it different from other forms of entertainment in traditional online daily casinos. The safe social options of the new format entertainment portals, which anyone can see by exploring Modo casino review inspire to try a new and exciting gambling experience. You can deepen your knowledge about the available privileges by studying our brief analysis of the most important details about social and sweepstakes casinos.

Social and Sweepstakes Casinos: Gambling Without Limits

We easily group Social and Sweepstakes casinos into one category for the reason that both of these formats share the same basic characteristics. One and the other are types of online casinos, where players instead of real money put at the stake gambling virtual coins. Stakes on such portals do not involve cash deposits or opening a player’s financial account. Come in and enjoy the games without any restrictions, using wins to get resources and continue virtual rates – that’s what attracts responsible visitors to social casinos’ progressive type.

Unlike classic casinos, whose financial transactions call into question the legality of their activities and require licensing by state control authorities, social casinos use techniques similar to lotteries and giveaways, making the process of gambling safe and secure.  

How and Why a New Format Casino Comes

As you already know, the presence of monetary transactions is the main and fundamental difference between sweepstakes or social casinos and regular gambling portals. 

The history of the creation and development of this direction of virtual gambling began in 2006 when strict laws on the regulation of gambling were introduced in the United States. For quite a long period, real money gambling was banned and categorized as an illegal activity. But at the same time, the audience’s demand for entertainment was increasing. Online gambling developers had the idea of making a sweepstakes casino, where all games are played based on free coins and only the final prize involves a chance of financial reward. 

This simple and ingenious formula untied the hands of gambling portals and allowed them to bypass legal restrictions without hassle. Later, when online casinos were licensed to operate in more than 20 of the U.S. states, portals free games not only did not lose their players but on the contrary continued to increase the audience, demonstrating how alternative models can be no less successful in bringing profits to both players and creators of unusual gambling entertainment. 

In some countries where there is still a complete legal ban on any kind of gambling activities related to cash deposits (India, China, UAE and others), Social Casinos are the only place where people can satisfy their hunger for adventure. 

A Quick Look into Social & Sweepstakes Casinos: What's all the buzz about?

Social or Sweepstakes: Differences and Key Features

To make it easier for readers to understand the basic points of difference and characteristics of these social online casinos, we present this information to you in the form of short and clear lists:

Social Casinos

  • use special virtual money to enter and continue online gambling, which has no real backing or value.
  • players are freely presented with coins to start games and the resource is replenished depending on their own game results and success rate
  • the basic function is to entertain visitors without risks and irregularities

Sweepstakes Casinos

  • no deposit is required to participate in the lotteries and enter the games
  • virtual currencies are used both for games and random winnings – sweepstakes
  • prizes and earnings can continue to be used on the portal or exchanged for real money

Top Benefits of Social & Sweepstakes Online Casinos

Compared to the long operating formats of traditional casinos, free-to-play spaces have many exceptional advantages:

  1. Legality and safety for users
  2. Openness and ease of access to entertainment
  3. Transparent and simple mechanisms for obtaining rewards
  4. Zero risks and no financial losses
  5. Positive fulfillment of gambling interests
  6. The entertainment value of the activity
  7. Chance to win real prizes

Conclusions

Although the idea of developing gambling portals in the form of social and sweepstakes casinos came almost 20 years ago and was provoked by laws banning casinos, even today this type of online entertainment is gaining popularity. Social Casinos, which do not require players to use real deposits for betting, slots and a variety of gambling options, in many countries where there is a ban on virtual casinos, remain the only place where players can enjoy their favorite activity. Sweepstakes – a hybrid format of social casino, where the mechanics of lotteries and raffles got a new realization in the form of gambling, giving chances for users to get real valuable prizes to exchange winning points for money. Both gambling trends have many advantages and prospects for further expansion.

The CEO Views November 6, 2024
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