What is rakeback?
Rakeback, also commonly referred to as coinback, is a popular bonus in the casino world, including
sweeps casinos. It’s a simple bonus that gives you a boost to your balance, which can be applied to your Gold Coins (GC) and Sweeps Coins (SC).
A rakeback bonus will return a portion of the house edge, regardless of whether you win or lose the game. But depending on the bonus, you might not receive it after every game you play. Instead, the sweepstakes casino may credit you once a week or monthly, for example.
The rakeback bonus will also be a fixed percentage, such as 5% or 10%. Let’s say it’s a 5% rakeback bonus; this means you will receive 5% back on the house edge. Here’s an example of how that would work:
- You play a game with a 2% house edge
- You play with 20 Gold Coins
- 0.02 x 20 x 0.05 = 0.02 GC
- In this case, you receive 0.02 Gold Coins as a rakeback bonus
As you can see, if the game you play has a higher house edge, you will receive a bigger rakeback bonus. The size of the bonus will also reflect how many Gold Coins or Sweeps Coins you use.
Who can receive a rakeback bonus?
Absolutely anyone who activates the rakeback bonus can receive it. Provided that you meet the eligibility criteria for the bonus, you will automatically be credited with your rakeback offer during the promotional period. For example, you might need to be a new customer to qualify or play specific types of games. The criteria will vary depending on the rakeback sweepstakes casino and specific rakeback bonus.
Is there a difference between rakeback and cashback?
You have now learnt about rakeback/coinback, but what about cashback? You may have heard this word mentioned a bit, too, so we are here to clarify everything. In short, cashback is a completely different bonus and is usually offered at regular online casinos.
The indicator that this bonus isn’t available at sweepstakes casinos is the word ‘cash’ in the title. Just as you won’t find any
sweepstakes casinos' no-deposit bonus
offers, you also won’t receive cash as part of any bonus. This is because of the virtual currency system that removes the possibility of real money gameplay.
Cashback is similar, but very different at the same time. Instead of rewarding you based on how much you play, it gives you back a percentage of your losses. Essentially, you have to play casino games and lose before you receive the bonus. This bonus is particularly helpful when you have a losing streak.
Best rakeback sweepstakes casinos
Now that you know what rakeback is, your thoughts might be turning to what the best sweepstakes casinos are for this type of bonus. Well, you’re in for a treat because we have found five world-class sweepstakes casinos that are perfect for those seeking out rakeback bonuses:
| Sweepstakes casino |
Rakeback % |
How to claim |
| Stake.us |
5% |
Register a new account |
| Rich Sweeps |
15% |
Play games each week |
| CrownCoins Casino |
Varies |
Progress through the VIP program |
| SpeedSweeps |
Varies |
|
| Lucky Bits Vegas |
Up to 12% |
|
Stake.us - Best for low house edge games
Stake.us: Pros & Cons
- Highly Diverse Slots
- Huge No Deposit Bonus
- Exclusive Stake Originals Games
- High 3x Playthrough Requirement
- Crypto-Only Payment Methods
Stake.us is one of the best sweepstakes casinos on the market for rakeback bonuses. Not only do we have an exclusive promo code to share, but you can also play games with a low house edge. For starters, make note of the following promo code - DIMERS. This code will unlock 560,000 Gold Coins + 56 Stake Cash + 5% rakeback.
The best part of the rakeback bonus is that it will stick around for the lifetime of your account. To get the most out of this bonus, we recommend trying out some Stake Original games, as these are known for having a house edge of just 1%. Try out titles such as Dice, Limbo, and Crash.
Rich Sweeps - Weekly rakeback for every player
Rich Sweeps: Pros and Cons
- User-friendly mobile site
- Various promotions
- Secure gaming site
Visit Rich Sweeps
Rich Sweeps is a top choice for anyone who’s on the lookout for rakeback offers, because there are two types of these bonuses on the cards. For starters, you can collect up to 15% coinback in Sweeps Coins every Thursday. For ease, you can track your activity and progress towards this bonus in your account, so you know exactly what to expect each Thursday.
Additionally, there’s a VIP program that’s open to all players - you just have to apply for access through the live chat team. Once you are in the VIP program, you will receive priority coinback bonuses ahead of standard players.
CrownCoins Casino - Dedicated coinback program
Crown Coins Casino: Pros & Cons
- iOS App
- Great Coinback Program
- Legal in 40+ States
- Limited Table Games
- No Live Chat
CrownCoins Casino is one of the only sweepstakes casinos to offer a coinback program for all players. As part of the VIP club, you will receive daily coinback once you reach the Bronze tier. As you progress through the program, your rakeback bonus will increase. The higher the tier, the bigger your percentage will get.
Once a week, your Coinback Safe will get unlocked so that you can claim the bonus. This can be done through the ‘Rewards’ tab on your account. As you play through your Crown Coins and Sweeps Coins from the bonus, they will move into your played balance.
SpeedSweeps - Coinback offers for players who buy GC
SpeedSweeps: Pros and Cons
- Huge Amount of Slots & Providers
- Modern & Well-Designed Interface
- Live Casino Games
- Limited Customer Support
- $5.99 Lowest Purchase
Visit SpeedSweeps
SpeedSweeps is another great choice for players, as you can claim a weekly coinback bonus every Wednesday. The only thing is, you will need to purchase Gold Coin packages to qualify for this bonus. After buying Gold Coins, you will activate the weekly coinback bonus on your account. It’s worth remembering that purchases are 100% optional, so this isn’t required as part of playing at SpeedSweeps.
If you would rather avoid spending money on Gold Coins, you can still get your hands on a coinback bonus. This can be done through the VIP program, where you will get access to priority coinbacks before the standard players.
Lucky Bits Vegas - Up to 12% SpinBack
Lucky Bits Vegas: Pros and Cons
- Generous welcome bonus
- Numerous ongoing offers
- High-quality UI/UX
Lucky Bits Vegas greets you with a fantastic welcome package, consisting of 220,000 Gold Coins, 52 Sweeps Coins, 100 Diamonds, and 12% SpinBack. As you can probably tell, rakeback is referred to differently here and is called SpinBack. Your initial 12% SpinBack bonus is valid for your first 30 days, giving you an insight into the VIP rewards.
After this, you can claim additional SpinBack as you progress through the VIP program. Depending on your VIP level, you will receive between 0% and 12% SpinBack. When you reach the final tier (Moonshot), you will collect 12% SpinBack each week, giving you the perfect safety net.
How to calculate your rakeback bonus
When you claim a rakeback bonus, you usually will not receive access to a rakeback calculator. But it’s pretty easy to work out, so let us walk you through the process. All you need is a general idea of how rakeback works and basic mathematical skills. All it takes is multiplying the house edge by the amount of Gold Coins or Sweeps Coins you have played, while considering the rakeback percentage.
So, the formula for working out a rakeback bonus is:
- Virtual currency you played multiplied by the house edge = total
- Then, take the rakeback percentage off the total
Let’s say that you will receive a 5% rakeback, and you have played 100 Gold Coins on a game with a 3% house edge. In this case, you will do the following:
- 100 x 0.03 = 3 Gold Coins
- 5% of 3 Gold Coins = 0.15 Gold Coins
Rakeback bonus terms to keep in mind
Every rakeback bonus will vary when it comes to the specific terms and conditions you will need to meet. Here’s a generalized outlook at the most common terms that you will encounter:
Expiration period
Some rakeback bonuses will only apply during a specific promotional period, such as your first 30 days from registration. In this case, you will have 30 days to play casino-style games that will count towards the rakeback bonus. When this window has ended, your gameplay will not produce a rakeback bonus.
Cut-off period
Depending on the bonus you have claimed, your rakeback offer may have a cut-off. For example, if you receive your rakeback once a week. In this case, let’s say you receive your weekly rakeback every Friday. The cut-off might be midnight on Thursday, for instance. This would mean any games you play after midnight will not count for this week, but will fall into the following week's rakeback.
Eligibility
As you have seen on this page, every sweepstakes casino has different eligibility criteria. For example, you might need to be a new customer, as is the case with the Stake.us welcome bonus. Alternatively, you might need to purchase a package of Gold Coins, just like when claiming the rakeback bonus at SpeedSweeps.
Furthermore, there may be indirect eligibility criteria to meet, such as the minimum age requirement, being located in a permitted state, and so on. Without meeting these requirements, you won’t be permitted to join or access the site to begin with, so it’s worth checking the main T&Cs before visiting.
Restricted games
In some cases, a rakeback bonus might only apply to specific games or software providers, depending on the approach. This is quite rare, and we haven’t encountered this often, but it’s something to keep in mind that may crop up.
Bonus cap
Some sweepstakes casinos may apply a cap on how much you can claim back through a rakeback bonus. As with most bonuses, there is often a maximum limit in place to prevent players from taking advantage or overdoing it.
Rakeback percentage
All rakeback promotions will give you up to a certain amount back, in the form of a percentage. For example, Lucky Bits Vegas allows you to progress through the VIP program to unlock up to 12% SpinBack. Regardless of how many games you play or how loyal a customer you are, your SpinBack will never get higher than this.
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How to claim a rakeback bonus
When it comes to activating a rakeback bonus, the process will vary depending on the bonus type. For example, if it’s a welcome bonus, the process will be quite different from an ongoing offer. To help guide you through, here’s a step-by-step process on both approaches:
Steps for claiming a new player rakeback bonus
-
Tap the promotional banners on this page to visit your chosen sweepstakes casino
-
Click the ‘Register’ or ‘Sign Up’ button
-
Fill out the registration form by entering a few basic details, including your full name, email, and date of birth
-
Verify your email address by clicking the link
-
Log in to your account to activate your rakeback bonus
Steps for claiming a returning player rakeback bonus
-
Sign in to your sweepstakes casino account
-
Head to the promotions page
-
Locate the rakeback bonus
-
Activate the bonus on your account by meeting the eligibility criteria
-
Collect your bonus per the rules, such as once a week
Best games to play to collect rakeback
A rakeback bonus is straightforward and one of the most popular offers you will encounter. As this bonus is based on the house edge, the RTP should be taken into account when deciding how to maximize the bonus.
You should keep in mind that it can often be a tricky situation. Games with a lower house edge are far more favorable than those with a higher house edge. For example, a casino-style game with 98% RTP is more ideal than a game with 87% RTP. But you don’t always find games with very high RTPs, depending on your chosen site.
Overall, the best games at rakeback sweepstakes casinos are those with a house edge of 1% or 2%. Seeing as these aren’t too common, it can be challenging. We have picked out some of the best games on the market for getting the most out of your rakeback:
| Game |
House Edge |
RTP |
| Blackjack by OneTouch |
0.87% |
99.13% |
| Plinko by Stake Originals |
1% |
99% |
| Mines by Stake Originals |
1% |
99% |
| Chicken by Stake Originals |
2% |
98% |
| Diner War by BGaming |
2.83% |
97.17% |
| Wizard 1000 by Titan Gaming |
3.66% |
96.34% |
| Banana Farm by Backseat Gaming |
3.67% |
96.33% |
| Le Zeus by Hacksaw Gaming |
3.74% |
96.26% |
| Cloud Princess by Hacksaw Gaming |
3.76% |
96.24% |
| Gator Hunters by Nolimit City |
3.89% |
96.11% |
Use these tips while utilizing your rakeback bonus
Rakeback sweepstakes casinos are popular because they allow players to collect Gold Coins and Sweeps Coins just for playing games. Depending on the bonus-related terms, you can receive this bonus regardless of the games you play. To help you get the most out of this bonus, here are a few tips our experts picked up along the way:
🎲 Check the house edge/RTP
As we have already determined, the house edge and RTP on the games you play have a vital role when it comes to the size of the bonus. To help make sure you receive as much back as possible, you should ideally play games with a low house edge.
🎮 Play games consistently
Your rakeback bonus will accumulate over time, so the more you play, the bigger your bonus will get. As we have already pointed out, you most likely will receive your rakeback at the end of the week or month, which means you will get a lump sum in one go. But at the same time, make sure that you don’t play too much, as this will empty your balance very quickly.
📈 Look out for increasing rakeback offers
Some rakeback sweepstakes casinos give you the chance to increase your rakeback bonus. For example, as you progress through the VIP program, your rakeback percentage can improve. This isn’t always the case, but it’s worth looking out for.
📊 Keep track of your rakeback
Some rakeback sweepstakes casinos allow you to track your rakeback bonus. If this is available, you will find it under your account or bonus tracking. If this is available, we recommend checking on it regularly to make sure that you are receiving the correct percentage or rakeback that reflects the house edge of your played games.
What you need to know about rakeback and prize redemptions
First of all, it’s important to note that you can’t redeem real-world prizes with your rakeback bonus directly. This is because you can’t redeem prizes with any Sweeps Coins from a bonus without first playing with them. Most sweepstakes casinos have a 1x playthrough requirement, which means that only Sweeps Coins winnings can be redeemed after one play.
Likewise, if there’s a 3x playthrough requirement like at Stake.us, you will need to play through your SC three times before you can redeem prizes.
Pros and cons of coinback sweepstakes casinos
Rakeback sweepstakes casinos are fantastic because they give you the opportunity to claim Gold Coins and Sweeps Coins just for playing games. But there are some drawbacks to keep in mind, which are important to weigh up:
Pros and Cons
- Available whether you win or lose
- All players are eligible
- Applies to all games
- Automatic bonus release
- Bonus is affected by the house edge
Conclusion: Join the top rakeback sweepstakes casinos
Rakeback bonuses are an excellent offer for any type of player, as they mean that you will receive some extra credits at the end of the week or month, depending on the offer. Even if the rakeback percentage is still low, it’s an extra batch of Gold Coins or Sweeps Coins that you wouldn’t otherwise have.
Rakeback sweepstakes casinos are ideal for all players, whether you are a casual player or someone who plays most days. To help get you started, we have listed five of the best sweepstakes casinos with rakeback bonuses, including Stake.us, Rich Sweeps, CrownCoins Casino, SpeedSweeps, and Lucky Bit Vegas.
If you like any of these sweepstakes casinos, you can join today by clicking the promotional banners on this page.
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Rakeback sweepstakes casinos FAQs
💰 What is a rakeback bonus?
Rakeback is a type of bonus that returns a percentage of your net losses, whether you win or lose the game. For example, a 5% rakeback bonus will give you 5% of your net losses.
📜 Can everyone claim a rakeback bonus?
Provided that you join a rakeback sweepstakes casino, you will be eligible for the bonus. Just make sure you read the fine print to make sure that you activate the bonus correctly. For example, the bonus might require you to be a new customer, so existing players may not be eligible.
📦 How do I receive rakeback?
You should automatically receive your rakeback at the end of the specified timeframe. It’s common for rakeback to be awarded at the end of the week, but this may vary depending on your chosen sweepstakes casino.
📈 Can I get a bigger percentage of rakeback?
The rakeback bonus is a fixed amount that is set by the sweepstakes casino itself. However, it is possible to claim a bigger percentage if one is available. For example, some rakeback sweepstakes casinos will give out a bigger rakeback bonus to VIP players.
🔑 Do I need a rakeback promo code?
No, you will not always need to enter a promo code to claim a rakeback bonus. But if you want to collect the Stake.us welcome bonus that contains 5% rakeback, you can do so by entering the following bonus code: DIMERS
To make sure you get accurate and helpful information, this guide has been edited by
Ryan Leaver
as part of our fact-checking process.
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