Do online casinos pay real money? Yes, of course. These days, enjoying gaming products over the internet, such as blackjack, baccarat, and slots, is commonplace. Online casinos with real money payout allow players to cash out in twenty-four hours, boast the label of fast withdrawal casinos, and are usually most gamblers’ preferred picks.
The origin of the confusion regarding whether a casino app that pays real money exists comes from the pieces of dedicated software available for download on the Apple store and Google Play. Ones like Cash Frenzy from SpinX Games and Slotomania from Playtika. These look and play like an online casino with real money payouts, but they do not cash out wins, or not in the same way as internet gambling platforms.
Below, the mysteries concerning the differences between the casinos with instant withdrawals and social ones get cleared up.
What Are Social Casino Apps?
Until recently, Google Play did not allow gambling software in all jurisdictions. Specific markets like the UK, where games of chance get heavily regulated, got exempted from this rule. For years, the only casino-like software found on this digital store was social gaming apps offering bingo, slot action, and table games.
To best explain how these apps work, they give players several in-game fun credits to enjoy starting. Often, each day, they provide a bonus refill. However, once players use up their credits, if they want to keep playing, they must buy some using cash from their bank account or a digital wallet and make an in-app purchase.
The rewards won on these pieces of software are not material, yet, studies show that they have a sense of monetary value for most users. No one will get rich playing at a social casino, but for many, forming winning symbol combos or card hands in these games provides many of the same thrills as gambling for real does. It yields an almost identical dopamine boost.
Even though no one can withdraw prize funds from these platforms, they can advertise their accomplishments to others. They can see their username on top of leaderboards featuring hundreds of other players, if not thousands, earning them bragging rights. That is often enough for some people to make paying for this experience worthwhile.
According to dopamine expert Anna Lembke, dopamine gets released when people feel something pleasurable. It triggers the brain’s reward pathways, which can get done even if a person does not win a material prize.
How Do Real Money Casinos Differ from Social Ones?
For one, they pay out monetary rewards. Recommended real money casinos have a list of multiple deposit and withdrawal payment methods. Through these, gamblers can fund their gaming balances, and they can take out their attained winnings.
Most of the time, depositing on these sites/apps happens instantaneously, except for credit card transfers. Most balance fueling also happens without any additional charges. Withdrawals through crypto options like Bitcoin occur in minutes at the best payout online casino apps, and e-wallet payouts get delivered in twenty-four hours or less.
It is too worth mentioning that the best online casinos with fast payouts on the Web have live dealer lobbies and list various deposit matches for new and existing customers. These promotional deals match the resources users place in their gaming accounts with gaming cash. Wins attained via this bonus money get subjected to multiple stipulations before they can become eligible for a withdrawal. Online casino gamblers can never take out the given promo funds. Only the funds won using them.
Customarily, a best-paying online casino will also have a loyalty program that rewards frequent play by supplying perks such as a personal account manager, cashback, reload bonuses, and more through a point-collection system. The more a user gambles on a platform, the more points he attains, leading him to level up in a casino’s loyalty scheme en route to more lucrative benefits.
Are There Social Casinos That Pay Real Money?
Yes. Examples include Blackout Bingo and 21 Blitz. It is essential to point out that social casino apps that offer monetary prizes do so in the form of gift cards or send winnings to a user’s e-wallet account.
Social casino users can win these rewards by participating in tournaments and getting their share of a prize pool, depending on their placement in a contest. Some also allow head-to-head competitions, though that is rare.
Given the nature of social casino software products that pay monetary-like rewards, they are only allowed for residents of specific US territories. Not everyone from North America has access to their money prize option, which is vital to note about them.
This article was written in collaboration with real money casino experts.