As a new sweepstakes casino, Gold Treasure is gradually gaining the interest of US players. Most are curious about Gold Treasure Casino real money prizes and how they work. Having played on the site firsthand, I’ll provide details.
To begin with, Gold Treasure supports real prize redemption just like other legitimate sweepstakes casinos in the US. You can redeem a cash prize via bank transfer or e-wallet, but you first need to meet specific requirements. Keep reading as I go into details on how the prize redemption system at Gold Treasure plays out, and other insights to know.
The simple answer is no: Gold Treasure Casino doesn’t pay real money. It’s a sweepstakes site, so Gold Treasure operates using a virtual currency model. You are not mandated to make an initial payment when you join the site to play games or redeem prizes. All purchases are optional.
As stated in my Gold Treasure Casino review, the virtual currencies used on the platform are Gold Coins (GC) and Sweepstakes Coins (SC). This is the standard across all other sweepstakes casinos in the US. While GC is for fun and entertainment, SC allows you to redeem real prizes after playing.
One reason some players mistake Gold Treasure for a real money casino is that the site offers payment methods. However, the payment methods are only for purchases and redemptions. I’ve explained both below:
If you sign into your Gold Treasure account, you’ll find GC bundles available for purchase. You can buy these bundles if you want to top up your balance, but they’re optional. Notably, purchasing optional GC bundles is legal since the virtual currencies are not eligible for prize redemption.
SCs are what you play with to get Gold Treasure Casino real money prizes, and they can’t be purchased. While on the site, I only got SC as a free bonus after buying a GC package. Importantly, it’s not the same as purchasing SC directly.
The featured payment methods for purchases at Gold Treasure Casino are credit/debit cards or Skrill. You can choose any one on the checkout page and follow the steps to complete the transaction. From my experience, the Gold Coins (and any bonus Sweepstakes Coins) will be added to your account within seconds.
This aspect is all about SC. Gold Treasure Casino allows you to redeem the SC you get from gameplay for real money prizes after meeting all requirements. US online gaming laws permit this, provided no initial purchase is mandatory. For the record, you can only score SC via free bonuses at Gold Treasure.
To illustrate, I received 3 SC + 100,000 GC as a welcome bonus after registration. Following that, the daily login bonus and daily spin gave me varying amounts of SC per day. If you choose to buy an optional GC bundle, Gold Treasure will also give you an SC bonus.
When I checked the payment methods for Gold Treasure Casino redemptions, I found bank transfer and Skrill. Essentially, the sweepstakes platform only supports cash prizes, and you can’t redeem gift cards. Nevertheless, this isn’t a deal breaker.
Gold Treasure won’t allow you to redeem your SC for real money prizes right after getting them as bonuses. Instead, you have to satisfy three key requirements, including:
You can only redeem the SC you get from playing games as real prizes. In other words, Gold Treasure requires players to use their Sweepstakes Coins at least once to qualify for prize redemption.
For example, after claiming the 3 SC from the welcome bonus, I used it to play a slot at 0.2 SC per spin. I hit a 5x multiplier on one of the spins and scored 1 SC, which was then redeemable as a real money prize.
If you’re curious, Gold Treasure has 300+ games in its lobby. It’s not the largest, but it’s still okay for a new sweepstakes casino. These are the best ones I recommend:
| Game | Developer |
|---|---|
| Le Viking | Hacksaw Gaming |
| Book of Kemet | BGaming |
| Hellfire Joker | Slotopia |
| Hot Triple Sevens: Hold and Win | Evoplay |
| Kraken’s Cove | Relax Gaming |
At Gold Treasure Casino 1 played SC is redeemed for $1. By default, you won’t expect the platform to send $1 or $2 as a prize to your bank or Skrill account. That’ll be too low and unsustainable when you consider processing fees.
Therefore, Gold Treasure has a 50 SC minimum redemption amount. In other words, you must accumulate up to 50 Sweepstakes Coins from your gameplay before requesting your prize. It’s a relatively friendly condition to satisfy.
Most other new social casino sites with real prizes I’ve played set the benchmark at 100 SC for cash prizes. You’ll only get 50 SC if you’re redeeming gift cards, which are unavailable at Gold Treasure Casino.
This last criterion is crucial and mandatory to confirm your age and location. First off, you must be up to 18 years old or the applicable minimum age in your jurisdiction, if higher. Secondly, you shouldn’t reside in an excluded state, including Idaho, Michigan, Nevada, Washington, Ohio, Tennessee, Mississippi, Georgia, New York, Vermont, Hawaii, Wyoming, Nebraska, North Dakota and Connecticut.
I must clarify that Gold Treasure is a legit sweepstakes casino in the US. The platform is only unavailable in a few states due to varying local laws. To complete your account verification, these are the documents you must upload:
In addition to the above, you’ll take and upload a real-time selfie. Once you’ve done this, hold on for the KYC team to review and get back to you. When I asked support about the verification time, the casino promised to process the documents as fast as possible. That said, it can take over 24 hours to get feedback on your verification status.
If you’ve verified your account and completed other redemption requirements, here’s how to request your real money prize:
Like with verification, you now have to wait for Gold Treasure to process and send you your prize.
Your very first redemption at Gold Treasure Casino will take 1 to 2 business days since the site has to verify you own the payment method. Compared to other sweepstakes platforms I’ve used, this initial verification time is still fast.
Some of the best social casinos with real prizes require 2 to 5 working days to process redemptions. Therefore, Gold Treasure handling things under two days from the onset is a good sign. After the first, subsequent prize redemptions will take less than 24 hours.
Gold Treasure is a new sweepstakes casino that makes real money prize redemptions easy. However, the platform has its upsides and downsides. I’ve highlighted both sides of the coin as noted during my review below:
| Gold Treasure Casino no deposit bonus |
| Gold Treasure Casino alternartives |
| Gold Treasure Casino Redemptions |
| Existing Customer Promotions at Gold Treasure Casino |
| Gold Treasure Casino review |
I consider Gold Treasure to be one of the best US sweepstakes casinos for redeeming cash prizes. The requirements are friendly, especially the 50 played SC minimum. Plus, the fact that players can receive their prize in less than a day is a big benefit.
Many players may prefer to have a gift card option, which is currently absent at Gold Treasure Casino. If the platform adds the payment method, it’ll easily hit a near-perfect score regarding redemptions. At the moment, however, it’s still worth considering for cash prizes. You can visit the site today if you’re also impressed by the redemption process.
Gold Treasure Casino doesn’t pay real money. The sweepstakes site only allows prize redemptions when you play using SC and meet the necessary requirements. Notably, you redeem your real money prize to your Skrill or bank account.
Gold Treasure Casino works as a sweepstakes gaming site. The platform uses a virtual currency model consisting of Gold Coins and Sweepstakes Coins. With Gold Coins, you can play games for entertainment purposes. On the other hand, you can redeem your Sweepstakes Coins for real money prizes after meeting the requirements.
The Gold Treasure Casino redemption time is less than 24 hours via bank transfer or Skrill. However, if it’s your first redemption, it may take up to two working days due to verification.
Yes, Gold Treasure real money prizes are legit, as the site abides by US sweepstakes laws. You’re not mandated to make any initial purchase to get Sweepstakes Coins, which are the virtual currencies for redeeming real prizes.
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