Quick facts
| Fact | Detail |
|---|---|
| Legal name | Sweepsteaks Limited (registry: SWEEPSTEAKS LTD) |
| Jurisdiction | Republic of Cyprus |
| Registry number | HE 436222 |
| Registered address | 7 Patrikiou Loumoumba, Block A, Office A13, 7560 Perivolia, Larnaka, Cyprus (Stake US terms) |
| Founded | Not shown in the registry search; Stake US terms version 1.0 is dated 25 Jul 2022 |
| Brands | Stake US |
| Payments entity | Not named separately in the terms we read |
| Regulatory actions | Maryland letter (May 2024), Tennessee cease-and-desist (Dec 2025), Illinois letter (Feb 2026), Louisiana illegal operators list |
Who Sweepsteaks Limited is
The Cyprus Department of Registrar of Companies lists SWEEPSTEAKS LTD, number HE 436222, as a registered company under its current name [1]. The free search shows the name, number and status. It does not show directors or an incorporation date, so we do not give one.
The Stake US Terms of Service (version 18.0, dated 7 Oct 2026) name Sweepsteaks Limited, Cyprus company HE436222, with its registered office at 7 Patrikiou Loumoumba, Block A, Office A13, 7560 Perivolia, Larnaka. The same terms give two US mailing addresses. Postcard requests for free Stake Cash go to Sweepsteaks Limited, 13101 Preston RD STE 110-5027, Dallas TX 75240. Arbitration opt-out notices go to 1717 Pennsylvania Ave NW Suite 650, Washington DC 20006. Delaware law governs the agreement.
Stake US uses the same brand name as the international Stake crypto casino. The Stake US terms we read name only Sweepsteaks Limited. We did not find a document on this run that sets out who owns Sweepsteaks Limited, so we do not describe a parent company here.
How we know who runs it
Three separate records point to the same company:
- The Stake US terms name Sweepsteaks Limited with registry number HE436222.
- The Cyprus registry returns SWEEPSTEAKS LTD for HE 436222 [1].
- The Illinois Gaming Board addressed its February 2026 letter for Stake to 7 Patrikiou Loumoumba, Block A, Office A13, 7560 Perivolia, Larnaka, the same address the terms give [3].
Maryland's 2024 letter used a different spelling and address, covered under "Where the sources disagree" below.
Stake US and our review
Stake US scores 8.5/10 in our review. The welcome offer is 250,000 Gold Coins plus 25 Stake Cash with a promo code. Stake US does not publish a fixed minimum redemption, so our review does not give one. Players must be 21 or older.
Points from the terms that matter before you sign up:
- Stake Cash is the Sweeps Coins currency. You cannot buy it. It comes free with Gold Coin packages and through promotions.
- 1 Stake Cash has a prize value of 1 USD.
- Stake Cash you did not win in play needs to be played through 3 times before it can be redeemed.
- One redemption request is allowed per 24 hours.
- Gold Coin purchases are capped at $9,000 a day.
- Florida players have a $5,000 a day prize cap.
- The free mail-in entry gives 5 Stake Cash per postcard.
Where Stake US is available
The Stake US terms (version 18.0) exclude 22 states: Arizona, California, Connecticut, Delaware, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Michigan, Montana, Nevada, New Jersey, New York, Pennsylvania, Rhode Island, Tennessee, Vermont, Washington and West Virginia.
Oklahoma is not on that list. Oklahoma's SB 1589 was enacted when both chambers overrode the governor's veto in May 2026, and it takes effect on 1 Nov 2026 [6]. Trade press reports in October 2026 said Stake US would stop serving Oklahoma players after 30 Oct 2026 and would still let them redeem eligible balances after that date. We have not seen that exit in the Stake US terms, so check the site's own notice if you play from Oklahoma. These reports are about Oklahoma only. Stake US is still open in its other eligible states.
Regulatory history
- Maryland: on 7 May 2024 the Maryland Lottery and Gaming Control Agency wrote to "Sweepstakes Limited" (doing business as Stake US) in Limassol about sports wagering, casino gaming and fantasy contests offered in the state, and asked for a reply by 31 May 2024 [2]. Maryland is now on the Stake US excluded list.
- Tennessee: the Attorney General's 29 Dec 2025 release lists Stake among the sites that received cease-and-desist letters and said they would comply [5]. Tennessee is on the excluded list.
- Illinois: the Gaming Board's letter is dated 4 Feb 2026. Staff said they had seen play on Stake US on 12 Jan 2026, and the letter covers slots, table games and sports wagering with cash and crypto prizes [3]. The IGB says it sent more than 60 letters in coordination with the Illinois Attorney General. Illinois is on the excluded list.
- Louisiana: the Gaming Control Board's illegal operators list includes "Sweepstakes Limited" [4]. Louisiana is on the excluded list.
Timeline
| Date | Event |
|---|---|
| 25 Jul 2022 | Stake US terms version 1.0 |
| 7 May 2024 | Maryland letter to "Sweepstakes Limited" (doing business as Stake US) [2] |
| 31 May 2024 | Maryland reply deadline [2] |
| 29 Dec 2025 | Tennessee AG lists Stake among sites told to stop [5] |
| 12 Jan 2026 | Illinois staff observe play on Stake US [3] |
| 4 Feb 2026 | Illinois cease-and-desist letter [3] |
| May 2026 | Oklahoma SB 1589 enacted over the governor's veto [6] |
| 7 Oct 2026 | Stake US terms version 18.0 |
| 30 Oct 2026 | Reported last day of play for Oklahoma (press reports) |
| 1 Nov 2026 | SB 1589 takes effect in Oklahoma |
Where the sources disagree
- Company name. The Cyprus registry and the Stake US terms spell it Sweepsteaks. Maryland's 2024 letter and the Louisiana list say "Sweepstakes Limited". We treat these as the same company because Maryland names it as doing business as Stake US, but the spelling in those two records does not match the registry.
- Address. Maryland sent its letter to 28 Oktovriou 313, Omrania BLD, Limassol CY-3105. The current terms and the Illinois letter use the Larnaka address. The company may have moved its registered office, but we have not seen a registry filing that shows the change.
- Oklahoma. The press reports a 30 Oct 2026 exit. The terms version we read does not name Oklahoma as excluded.
Where to play
If your state is eligible, read the current Stake US terms first, then use our review for the details. Visit Stake US
Sweepsteaks Limited FAQ
Who owns Stake US?
The Stake US terms name Sweepsteaks Limited, Cyprus company HE436222, as the operator. We did not find a public document that names who owns Sweepsteaks Limited.
Is Stake US the same as the international Stake site?
They share a brand. The Stake US terms name only Sweepsteaks Limited, and Stake US runs as a social casino with Gold Coins and Stake Cash. We have not checked who operates the international Stake site, so we don't make claims about it here.
Is Stake US closing?
Not across the US. Press reports say it stops serving Oklahoma after 30 Oct 2026 because of SB 1589. Players in its other eligible states can keep playing under the current terms.
Which states can't play Stake US?
The 22 states listed above, under the terms dated 7 Oct 2026. Check the terms again before you buy Gold Coins, because the list changes.
What is the minimum redemption at Stake US?
Our review did not find a fixed published minimum. Stake Cash must be played through 3 times, and you can make one redemption request every 24 hours.
Sources
- efiling.drcor.mcit.gov.cy/DrcorPublic/SearchResults.aspx
- mdgaming.com/wp-content/uploads/2025/03/Stakeus-Cease-and-Desist.pdf
- igb.illinois.gov/content/dam/soi/en/web/igb/documents/casino/cease-and-desist-letters/20260204-cease-and-desist-stake-stake-us.pdf
- lgcb.dps.louisiana.gov/illegal-operators/
- tn.gov/attorneygeneral/news/2025/12/29/pr25-61.html
- oklegislature.gov/BillInfo.aspx
Also read, not linked
- Stake US Terms of Service, version 18.0, dated 7 Oct 2026
- Illinois Gaming Board cease-and-desist letters index page (lists more than 60 letters sent with the Illinois Attorney General)
- Trade press reports on Stake US and Oklahoma, Oct 2026 (Covers, 15 Oct 2026, and others)

