SportsMillions ranks as a top social sportsbook in the United States. When you join the site, you can bet on sports for free without making any initial purchases. Plus, you can redeem SportsMillions real money prizes when eligible.Is SportsMillions Real Money? How It Works in 2025
Many new users wonder how exactly real money prizes work at SportsMillions. How are they even legal? If you’re asking these same questions, you’re on the right page. We’ve detailed how exactly SportsMillions Sportsbook works for obtaining real prizes and all the processes involved. Continue reading to learn everything.Is SportsMillions Real Money? How It Works in 2025
SportsMillions isn’t a real money online sportsbook. It’s a social betting site where you make picks and predictions for free. However, you can redeem real prizes if you satisfy all the requirements.
We must clarify that SportsMillions supports two virtual coins: Gold Coins (GC) and Sweeps Coins (SC). You can only redeem real prizes with SC. Sweeps Coins work as promotional entries in accordance with U.S. sweepstakes laws.
The law allows social sportsbooks and casinos to offer real prizes so long as users participate without requiring an initial purchase. Hence, this applies to other best social betting sites we review. Note that you can obtain Sweeps Coins through free bonuses and promotions. For instance, the SportsMillions welcome bonus offers 3 SC plus 1,000 GC.
To receive real money prizes from SportsMillions, you must meet two key requirements. These include:
The first requirement is to be at least 18 years old or the minimum legal age in your state of residence, whichever is higher. For example, if you’re in New York, you’re good to go if you’re up to 18. Meanwhile, a social bettor in Nebraska will need to be 19+ to use SportsMillions.
SportsMillions is legal in the US, without any doubt. Nevertheless, the social sportsbook is not available in every state due to local regulations. Based on our review, users in Alabama, Delaware, Idaho, Washington, Louisiana, Michigan, Montana, and Nevada cannot receive SportsMillions real money prizes. If you’re in the other 42+ states, you have nothing to worry about.
We have a high SportsMillions rating for the sportsbook’s redemption payment methods. Unlike some other social betting sites, SportsMillions gives you two options, including:
Feel free to choose any SportsMillions real money prize option that suits your preferences.
Below are additional requirements to complete to qualify for SportsMillions real money prizes:
Top sports coverage. Fixed and Flexi contests. Play with GC and SC. T&Cs and 18+ apply
If you’re set to claim your real money prize from SportsMillions, here’s what to do:
| Steps | Description |
|---|---|
| Sign in | Login to your account and navigate to the redemption page. |
| Select Your Prize | Choose between a gift card or a cash prize via bank transfer. |
| Enter the Amount | Specify the number of Sweeps Coins you wish to redeem. |
| Provide Payment Details | Enter your bank transfer details (e.g., account and routing number). For gift cards, SportsMillions will send it to your registered email address. |
| Submit | Double-check all the information and submit your redemption request. |
From our firsthand experience, gift cards arrive in your email inbox in just 24 to 48 hours. However, bank transfers take 2 to 5 days.
If you’re curious about taxes at SportsMillions, rest assured that you’ll pay none to the social sportsbook. However, any prizes valued at $600 or more are subject to taxation per IRS laws. Therefore, you have to report it in your tax return.
Before we draw the curtain, let’s consider the benefits and downsides of real money prizes at SportsMillions. On the plus side, we have the gift card and cash variety plus accommodating playthrough and minimum SC requirements. For the drawback, we believe the cash prize turnaround time can improve. We’ve summarized these findings below:
If you want a reliable social sportsbook that offers real prizes, SportsMillions gets our recommendation. We highly rate the platform because it gives you multiple prize options and friendly T&Cs. Beside, you claim these SportsMillions real money prizes without having to make an initial purchase.
No, you cannot win real money at SportsMillions since it’s a social betting site. However, you can redeem your Sweeps Coins for real prizes after using them to bet at least once.
You can only redeem Sweeps Coins from SportsMillions and not Gold Coins. First, you need to bet with your SC to complete a 1x playthrough. Then, accumulate up to 10 SC for a gift card prize and 75 for cash.
Yes, the prizes you redeem from SportsMillions are completely legit. The platform is legal in the United States because you don’t need any initial purchase to bet.
The SportsMillions redemption time is 24 to 48 hours for gift cards and 2 to 5 days for cash.
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