Pickem uses two key flows: purchases (for Gold Coins, with Sweepstakes Coins awarded as a promotional bonus) and redemptions (exchanging Sweepstakes Coin winnings for prizes).
Purchases
What you purchase:
Gold Coins (GC): Play-for-fun currency. Not redeemable for prizes.
Sweepstakes Coins (SC): Provided as a promotional bonus with every Gold Coin purchase. SC can be used in the Social Casino and redeemed for prizes once playthrough requirements are met.
Payment methods:
Debit and credit cards (Visa and Mastercard)
Online banking
Limits (current shop offers, may vary):
Minimum purchase: $4.99
Maximum purchase: $499.99
Processing time: Purchases are typically instant, with balances updated immediately after confirmation.
Redemptions (Sweepstakes Coins)
What you can redeem: Sweepstakes Coins (SC) winnings, once playthrough requirements are completed. Gold Coins cannot be redeemed.
Redemption methods:
Debit and credit cards (Visa and Mastercard)
Online banking
Limits:
Minimum redemption request: $100
Maximum per redemption: $2,500
One pending redemption allowed at a time
Florida residents: Maximum $5,000 redemption volume per month
All other states: Maximum $15,000 redemption volume per month
Processing time: Redemption requests are typically reviewed and processed within 3–5 business days.
Important notes
Verification required: Before your first redemption, you’ll need to complete identity verification (KYC).
Taxes: Prizes may be considered taxable income, and a 1099 form may be issued if your annual redemptions meet IRS thresholds.