What Are Coins at SportsMillions & How Do They Work?

Mike McKean
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Last Updated on Thu Mar 06 2025
Reviewed By: James Leeland

Like other social sportsbooks and casinos, SportsMillions uses virtual coins. Specifically, they’re Gold Coins and Sweeps Coins, each with its function. If you’re wondering how these SportsMillions coins work, you’re on the right page.What Are Coins at SportsMillions & How Do They Work?

It’s important to understand the difference between Gold Coins and Sweeps Coins at SportsMillions. That way, you’ll know which to use when you want to have fun and which can fetch you real prizes. Thankfully, we’ve explained everything in simple words in this guide. Continue reading to learn more.What Are Coins at SportsMillions & How Do They Work?

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What Are Coins at SportsMillions & How Do They Work?

SportsMillions uses a dual model of Gold Coins (GC) and Sweeps Coins (SC) for social sports betting and casino gaming. The site doesn’t require any initial purchase, adhering to U.S. sweepstakes laws. This is why it’s legal in 42+ states.

If you’re conversant with sweepstakes casinos and social betting sites, you’d already know what role each coin plays. All the same, we’ve explained in detail below:

💰 Gold Coins (GC)

These are the primary SportsMillions coins for entertainment. You use GC to place bets and play casino games for fun, as the coin holds no value. It also can’t be redeemed for real prizes. SportsMillions provides a generous welcome bonus of 1,000 GC upon registration. Hence, you have plenty of Gold Coins to begin playing as a new user. More GC are available via the daily login bonus and other promotions. Plus, you can purchase Gold Coins from packages, although it’s entirely optional.

🏆 Sweeps Coins (SC)

For many social bettors, betting with Sweeps Coins is the target — and for good reason. Unlike GC, SC can be redeemed for cash prizes or gift cards at SportsMillions. You just have to meet the laid-down requirements. During our SportsMillions review, we received 3 SC as part of the welcome bonus. Compare this to the 1,000 GC, and you’ll agree that the platform is less generous with Sweep Coins. It’s expected anyway since GC are not redeemable. Since they’re eligible for real prizes, you can’t buy SC directly. This keeps SportsMillions compliant with sweepstakes regulations. However, you can score some Sweep Coins as a free bonus when buying Gold Coin packages.

If you’re wondering how to convert SportsMillions coins from GC to SC, know that it’s not an option. The coins exist and function independently and cannot be exchanged for one another.

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What Are Coins at SportsMillions & How Do They Work?

Buying Gold Coins at SportsMillions is optional, but some players consider it when their balance is low. If you also choose to purchase some SportsMillions coins, here’s what to do:

StepsDescription
Click the “Get Coins” buttonMove to the top of the SportsMillions game lobby and click the yellow “Get Coins” button.
Select a packageFrom the list, choose a coin package that suits your preferences. Bundles range from $1.99 to $299.99, catering to different budgets.
Complete the paymentAfter selecting a package, click “Pay Now” and follow the prompts for your preferred payment method—Visa, Mastercard, Apple Pay, or Google Pay.
Confirm the purchaseIf the transaction is successful, your purchased GC will instantly reflect in your account.

What Are Coins at SportsMillions & How Do They Work?

Moving on, let’s look at how you can get real prizes from Sweeps Coins on SportsMillions. First, you must meet the three redemption requirements below:

  1. ID verification: All social bettors must complete identity verification before redeeming SC. This includes submitting a government-issued photo ID, proof of address, and taking a selfie.
  2. Playthrough: SportsMillions requires you to bet or play with your Sweeps Coins at least once before redemption.
  3. Minimum SC amount: You need at least 10 SC to redeem gift cards or a minimum of 75 SC to request cash prizes via bank transfer.

After meeting the requirements, submit a request and provide your bank details. For gift cards, the sportsbook will send the prize to your registered email. Based on our experience, SportsMillions prizes typically take 24–48 hours for gift cards and 2–5 days for cash.

What Are Coins at SportsMillions & How Do They Work?

Your SportsMillions coins don’t expire so long as you remain active on the sportsbook. From our findings, Gold Coins only become void under specific conditions. Notably, if your SportsMillions account remains inactive for 60 consecutive days, all unused free Gold Coins will automatically expire.

The social sportsbook doesn’t provide any hint on whether Sweeps Coins expire. Therefore, you can rest assured you won’t forfeit your SC if your account is active.

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What Are Coins at SportsMillions & How Do They Work?

SportsMillions follows the general dual-currency model of Gold Coins and Sweeps Coins. The advantage is that you won’t have a hard time understanding the coins if you’re already a social bettor. Other benefits include the option to redeem real prizes with Sweeps Coins and a relatively high number of Gold Coins in bonuses. That said, the amount of SC can improve.

To summarize, these are the pros and cons to note:

  • Standard GC and SC model
  • High GC amount from bonuses
  • Real prizes from SC gameplay
  • SC come in low quantity

What Are Coins at SportsMillions & How Do They Work?

With SportsMillions coins, you can enjoy free social sports betting and casino gaming. While Gold Coins allow fun play, Sweeps Coins provide a chance to redeem real prizes. Now that you understand how these coins work, we’re confident you’ll have a better experience on the SportMillions website.

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What Are Coins at SportsMillions & How Do They Work?

What Are Coins at SportsMillions & How Do They Work?

How SportsMillions coins work depends on the type. With Gold Coins, you only get for fun and entertainment. If you win your predictions, you get more GC. Meanwhile, Sweeps Coins allow you to redeem real prizes after betting.

What Are Coins at SportsMillions & How Do They Work?

No, you can’t swap your SportsMillions Gold Coins in any way. The virtual currency is exclusively for free and fun gaming. It has no monetary value and can’t be redeemed for real prizes.

What Are Coins at SportsMillions & How Do They Work?

Yes, you get SportsMillions coins for free without having to make any initial purchase. The social sportsbook gives you 1,000 Gold Coins and 3 Sweeps Coins as a no deposit welcome bonus. You can purchase more GC, but it’s entirely optional.

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