This guide was created to educate casino players new to LuckyLand Slots on the available payment methods. Being a Sweepstakes Casino, LuckyLand does not deal with deposits like traditional online casinos. Instead, the platform allows you to make purchases of coins.
Platforms like this use a dual-currency system, and players cannot wager with real money. Gold Coins are used in free-to-play games, while Sweeps Coins can be redeemed for cash prizes.
The way it works is players purchase Gold Coins in bulk and are gifted a certain number of Sweeps Coins. Unlike other casino chips or tokens, neither Gold Coins nor Sweeps Coins hold any value outside the casino.
Editor’s note: You can’t make deposits and withdrawals at LuckyLand Slots because it’s a Sweepstakes Casino. Please note that the deposit and withdrawal options on this page refer to purchase packages and prize redemptions, but you can play no purchase necessary.
What Are the Best LuckyLand Slots Deposit Methods?
LuckyLand Slots functions as a sweepstakes casino and therefore has no deposit methods to speak of. Players cannot deposit money in any way, and the casino offers no real money wallet.
Instead, players may purchase Gold Coins for free-to-play games. Any purchase of Gold Coins comes with a bonus of Sweeps Coins as well. You cannot buy Sweeps Coins directly under the sweepstakes guidelines.
There are several options to make purchases at LuckyLand Slots sweepstakes casino, including the ones listed below.
Visa/Mastercard
This is the most convenient method for purchasing at LuckyLand Slots, with most of the United States having one of the two card types.
- Minimum deposit: There is no minimum at LuckyLandSlot for Visa or Mastercard purchases
- Transaction times: Purchases with a Visa or Mastercard card are processed instantly.
- Fees: There are no additional fees for Visa or Mastercard purchases
rapid!
The rapid! PayCard was designed to replace paper checks and debit cards by combining the two into a single platform for all payment needs.
- Minimum deposit: There is no minimum at LuckyLandSlot for rapid! purchases
- Transaction times: Purchases with rapid! are processed instantly.
- Fees: There are no additional fees for rapid! purchases
Skrill
Skrill is a popular digital wallet that offers multiple online payments and money transfer services in 40 countries worldwide.
- Minimum deposit: There is a $10 minimum transaction amount when using Skrill.
- Transaction times: Purchases with Skrill are processed instantly.
- Fees: Skrill to Skrill money transfers are subject to a 2.99% fee.
Fastest Deposit Methods at LuckyLand Slots Casino
As a sweepstakes casino, LuckyLand Slots does not allow players to withdraw funds directly. All social casinos that use the sweepstakes model operate differently than traditional casinos and function using in-house currencies. These currencies, Gold Coins and Sweeps Coins do not hold any real-world value in the same way casino chips do.
But that does not mean your funds are locked up in your online account. The method which LuckyLand utilizes allows players to redeem their Sweeps Coins for a currency that is directly deposited into their account via bank transfer.
The process takes up to a week to complete. To begin the process of redeeming Sweeps Coins, players must submit proof of identification, address, and banking information.
How to Make an Online Deposit at LuckyLand Slots Casino
Considering there are no deposits allowed at LuckyLand Slots, there is no process to describe. You can, however, make a purchase of Gold Coins on the platform. This is the only way to get Sweeps Coins which can be redeemed for cash prizes after a winning spin.
The first step in this process is to confirm your identity and banking information. You may have to provide screenshots of your government issue ID and a bank account under the same name to do so. Once complete, you can purchase Gold Coins in bulk and earn Sweeps Coins along the way.
How Long Does LuckyLand Slots Take to Deposit?
Deposits aren’t permitted on LuckyLand Slots. Instead, you can make purchases of Gold Coin packages to play any of the exciting LuckyLand Slots casino games. When buying a Gold Coin package, the Gold Coins are available for use immediately upon purchase.
As mentioned above, Sweeps Coins are also given as a bonus when you buy a Gold Coin package. These Sweeps Coins are also immediately available for use. Rapid transaction times like this are one of the many advantages of playing on a social casino like LuckyLand Slots.
Is There a LuckyLand Slots Deposit Limit?
There is no option to make deposits at LuckyLand Slots; therefore, no limit exists. There is no limit for purchases of Gold Coins.
LuckyLand Slots Withdrawal Options
Being a sweepstakes casino, there is no option to withdraw funds in the traditional sense. Players at LuckyLand slots cannot deposit funds either, and there is no real money wallet on the platform.
But that doesn’t mean players looking to earn real cash from LuckyLand Slots are totally out of luck. The sweepstakes technology that LuckyLand Slots employs allows players to redeem their winnings online legally. All cash prize redemptions are sent by a secure Electronic Funds Transfer (EFT) that goes directly into your bank account.
Sweeps Coins winnings are 1 to 1, meaning 1 SC is equal to $1.00. There is no stated minimum for Sweeps Coins redemptions. Transactions can take up to 7 days to process. There are no extra fees stated by LuckyLand Slots for processing redemptions.
We realize this process may be strange for those accustomed to traditional online casinos. But rest assured that redeeming your Sweeps Coins will become second nature once you get the hang of it.
Fastest Withdrawal Methods at LuckyLand Slots Casino
LuckyLand Slots is a sweepstakes casino platform that does not offer any withdrawal methods. Therefore, there is no fastest method to highlight. But, just because LuckyLand does things differently than a brick-and-mortar casino doesn’t mean real-money prizes are off limits.
While you cannot withdraw your Sweeps Coins as currency like a traditional casino, you can redeem them. To complete this process, players must complete an account verification process that includes a photo ID and linking a bank account. The Electronic Funds Transfers that LuckyLand Slots uses can take up to a week to process.
How to Make an Online Withdrawal at LuckyLand Slots Casino
LuckyLand Slots, being a sweepstakes casino, does not offer withdrawal options for Gold Coins or Sweeps Coins. Because neither holds any tangible value outside of the casino, they cannot be withdrawn in the traditional sense.
There is a process for redeeming Sweeps Coins for prizes that include having funds deposited directly into your bank account. LuckyLand Slots utilizes an Electronic Funds Transfer to complete this process.
To complete this process, players must complete a few steps to confirm their identity and banking information. Then it’s just a matter of selecting how many Sweeps Coins you wish to redeem, then clicking confirm. This can be done on the site itself or via the LuckyLand Slots casino mobile app. The process can take up to a week to complete and funds to be added to your bank account.
How Long Does LuckyLand Slots Take to Pay?
LuckyLand Slots Casino does not pay out in the same way as a brick-and-mortar casino. The Sweeps Coins you earn playing at LuckyLand Slots cannot be withdrawn as currency, so payments do not exist.
However, there is a process to redeem Sweeps Coins under the sweepstakes model used by LuckyLand and sites like it. This process to redeem cash prizes takes up to a week to process and will add funds directly to your bank account via an Electronic Funds Transfer.
Are LuckyLand Slots Winnings Taxable?
Luck Land Slots is a sweepstakes casino; therefore, no winnings are offered. The coins are exclusively virtual currency and do not hold any real-world value outside the platform. Therefore, there is no need to report any Gold Coins or Sweeps Coins. The same goes for purchases made on the platform.
However, cash prizes are eligible for taxation. Thus, you will want to check the proper federal and state tax guidelines applicable to cash prizes in your region.
Author
Sadonna Price
For almost two decades, Sadonna has provided quality content for online gambling operators both in the United States and abroad. With a focus on casino gaming and poker, Sadonna has covered the latest legal developments in the industry, including new services as they launch in the US, as well as fun and interesting articles on new games and exciting tournament action.