SportsMillions Real Money: How to Win Cash Prizes Playing SportsMillions 2025

Many US sports fans who come across SportsMillions wonder exactly how the site works. I’ve come across several potential users asking if SportsMillions real money payments are a thing. Well, I’ll be providing answers in this article.

The first point to understand is that SportsMillions is a social betting site. In other words, it doesn’t work with real money but with virtual currencies. However, it’s possible to redeem real prizes after meeting certain requirements. I registered and used SportsMillions for weeks, so I know everything about real prizes on the site. Continue reading as I explain more.

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Quicks facts about SportsMillions social sportsbook

1. SportsMillions is a social betting site and not a real-money sportsbook
2. You can redeem real prizes on SportsMillions by betting with Sweepstakes Coins
3. SportsMillions offers gift cards and cash prizes
4. A minimum of 10 SC is required for gift card prize redemption
5. A minimum of 75 SC is required for cash prize redemption

Is SportsMillions real money?

No, SportsMillions is not a real money sportsbook. The betting site doesn’t involve actual cash in any way. Instead, it’s a social betting site where you place bets using virtual currencies. Notably, the social betting structure is why SportsMillions is legal in the US.

On a traditional sportsbook, you have to fund your account before making any bets. However, since SportsMillions follows the sweepstakes model, no initial purchase is required to participate. At the same time, you can redeem eligible SC winnings for real prizes.

During my SportsMillions review, I found that the site is available in 42+ states, and only the below locations are restricted:

• Alabama
• Delaware
• Idaho
• Washington
• Louisiana
• Michigan
• Montana
• Nevada

How does SportsMillions work?

After using the site for weeks, I can say that SportsMillions doesn’t work much differently from traditional sportsbooks. The main difference is the virtual currencies you use instead of real money. Gold Coins (GC) and Sweepstakes Coins (SC) are the currencies in question, and they’re available for free via bonuses.

For instance, after registering my account, I got 1,000 GC and 3 SC from the welcome offer. I also received additional coins via the SportsMillions referral program for inviting others to sign up. With my coins, I placed social bets on sports like football, basketball, baseball, soccer, and hockey.

Notably, SportsMillions has unique social betting options with Blitz’em and Pick’em, which is something we haven't seen at other sites like Sportsmillions. Blitz’em is similar to slot gaming, as it involves spinning a wheel. You can get multipliers up to 1 million SC for correct predictions. On the other hand, Pick’em focuses on over/under picks for 2 to 8 games, and it’s my best feature - I'll tell you why.

Pick'em offers a welcome bonus worth $25 bonus bets. To qualify for this offer, players must make their first three deposits of $10, after which they will be rewarded with a $10 bet bonus upon the first deposit. A second $10 deposit gives another free $10 bet offer, while the third deposit gives a $5 Pick. The downside, though, is that this offer is only open to players living in AK, CA, IL, KY, MN, NE, NM, NC, ND, OK, OR, RI, SC, SD, UT, and WI.

Now, after betting, I simply received more GC or SC — depending on which I used. For instance, I made a 500 GC bet at +150 odds, and my prediction was correct. I got 750 GC in return. Similarly, my correct 2 SC bet on +220 odds gave me 4.40 SC in return. What differs is that the Sweepstakes Coins are redeemable for real prizes.

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Overview of SportsMillions real money prizes

Can I win real money at SportsMillions? If that’s your question, you now know the answer is no. However, you can redeem real prizes using Sweepstakes Coins. I must stress that this is different from withdrawals at traditional sportsbooks.

Real prize redemption is only available when you bet with Sweepstakes Coins at SportsMillions. Gold Coins are not eligible in any way, as they don’t count as promotional entries. From my firsthand experience on the site, you can redeem gift cards or cash prizes. However, there are requirements to meet.

Requirements to redeem prizes at SportsMillions

The requirements to redeem SportsMillions real money prizes aren’t much different from other SC coins casinos and social sportsbooks. Check them out below:

Steps to redeem real prizes at SportsMillions

Having met the redemption requirements, you can go ahead and request real prizes at SportsMillions by following the below steps:

1. Log in to your SportsMillions account and switch to the redemption page. You can find the button via the main menu.
2. Select between the gift card or cash prize option via bank transfer.
3. Enter the amount of Sweepstakes Coins you want to redeem.
4. Provide your bank transfer details if you’re redeeming a cash prize. Gift cards will be sent directly to your email address.
5. Review all the information you provide, and submit if everything is accurate.

Note that the above procedure applies regardless of whether you’re using a desktop or smartphone. There’s no downloadable SportsMillions app at the moment, so everything is done on the website. My first redemption was a gift card, and it took 24 to 48 hours to show up in my inbox. Meanwhile, I received my cash prize via bank transfer within 2 to 5 business days.

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Pros and cons of SportsMillions Sportsbook real money prizes

The real money prizes SportsMillions offer have their upsides and downsides. First, I can commend the option to redeem gift cards or cash and the relatively low minimum 10 & 75 SC requirements. Most other social sportsbooks require at least 100 SC. I also appreciate the low 1x playthrough that makes it easy to accumulate eligible Sweepstakes Coins. However, I would love to see a faster processing timeframe for cash prizes. Overall, here are the pros and cons I discovered while reviewing real money prizes at SportsMillions:

• Cash and gift card prizes
• 10 & 75 minimum SC thresholds
• Low 1x playthrough requirement

• Lengthy cash redemption time

Conclusion – Redeem gift cards and cash prizes at SportsMillions

At this point, I’m sure you're well-versed about SportsMillions and how it works. There are no SportsMillions real money payments to bet on sports on the website. Likewise, the social sportsbook doesn’t issue direct payouts if you nail your predictions. It’s only possible to redeem real prizes after betting with Sweepstakes Coins and completing the playthrough and eligibility requirements.

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