Sweepstakes casinos operate in a legal gray area. Unlike regulated online casinos—which require state-issued licenses and pay state gaming taxes—sweepstakes casinos offer games through a dual-currency system. Players use virtual “gold coins” for entertainment and separate “sweepstakes coins” that can be redeemed for real prizes or cash. The key distinction is that sweepstakes casinos position … Continue reading How Sweepstakes Casino Taxes Work—And Why They’re Different from Regulated Gambling