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deskgameSweepstakes and social casinos have familiarities with online casinos but operate differently. You use coins called Sweeps Coins or Gold Coins to play the games, which have no cash value. However, you’re able to redeem some of these coins for cash prizes depending on the site you join. deskgameMore specifically, the FTC regulates social casinos to ensure they are always free to play and that no purchases are necessary to win. deskgameDraftKings was fined for taking bets on unapproved events including Russian basketball for nine months in 2020 and 2021. It eventually voided over $61,000 in bets and returned the money to customers after being directed to do so by the state. deskgameYes, BetMGM Casino is legit and regulated by the Gaming Control Boards of each state in which it operates (NJ, MI, PA, WV, Ontario). In addition, all regulated US online casinos are vetted by eCogra, which ensures that all games are “fair” and pay out in the same way as land-based casinos.