The calendar says that spring is here, but with New Jersey being hit hard by yet another nor’easter, all the signs outside suggest otherwise.
Fortunately, TropicanaCasino.com and sister NJ online casino VirginCasino.com have both come up with the perfect promotion to remind you, whatever the weather, that spring really is here. So if you’re a registered player at either or both of these casinos, there’s no time like the present to spring into bonuses with a piece of their Spring Sharepot.
These promotions could not be more perfectly timed. If the weather isn’t conducive to spending more than minimal time outdoors, no problem at all. Wind, rain, and snow only give you more time to take part in these online promotions, knowing that the more you play, the bigger your share of the Sharepot.
Spring Sharepot at Tropicana NJ
This promotion at Tropicana NJ started Monday, March 19 and continues through 11:59 p.m. Thursday, March 22. So you still have time, but you will have to hurry.
How the Tropicana Spring Sharepot works
Every time any registered TropicanaCasino.com player wagers $10 on the site (on any game) between Monday, March 19 and Thursday, March 22, the casino will add 1 Trop Point to its steadily growing Sharepot, up to a maximum of 1 million Trop Points.
The prize pool is called a Sharepot because rather than one player taking it all or just a few players being rewarded, all active players share in the bounty.
No deposit is necessary, and the minimum amount of play required is so small, virtually any player can handle it. All you need to do is play any game of your choice on at least one qualifying day during the promotion and wager a minimum $50.
Difference between a Sharepot and a drawing
Tropicana NJ also holds many prize drawings in which players earn entries in the same manner. However, there is an important difference. In a random drawing, the top prizes may or may not go to the players who have earned the most entries. Your share of the Sharepot, however, is based directly on how much you play compared to everyone else.
In other words, the more you play, the bigger your piece of the pie. But only to a point, so don’t worry if you’re not a high roller. You will still get your fair share of the Sharepot.
Total number of Sharepot tickets you can earn
A $50 wager will entitle you to one Sharepot ticket. For each additional $50 you wager on any given day during the promotion, you will earn one additional ticket, up to a maximum of five tickets per day if you wager $250 or more.
The maximum number of tickets any one player can earn is therefore 20. That will entail playing all four days of the promotion and betting $250 each day, for a total of $1,000. However, the good news is that even if you come to the party late (for example, only play Wednesday and Thursday), you can still earn up to 10 tickets.
Awarding of prizes
On Friday, March 23, the casino will determine each player’s share of all the Trop Points in the Sharepot. The math is a complicated three-step process, but you don’t don’t have to worry about it since the casino will do all of the computations.
- Tropicana NJ will tally up the number of Sharepot tickets earned by each player.
- Your percentage or “share” of the Sharepot will then be computed by dividing the number of Sharepot tickets you have earned by the total number of tickets earned by all players combined.
- This percentage is then multiplied by the number of Trop Points in the Sharepot to get the number of Trop Points you receive.
For example, if you earn five tickets and all players combined earn 1,000 tickets, your percent of the Sharepot will be 10/1,000 or 1 percent. Then, let’s say that altogether the Sharepot holds 100,000 Trop Points. Your prize is 1 percent of 100,000 or 1,000 Trop Points.
As soon as the final Spring Sharepot results are in, all participating players will be notified how many Trop Points they have earned. However, it may take up to three business days for the points to be credited to your account.
Next step: Converting your Trop Points to Bonus Money
Once you receive your Trop Points, you will need to convert them to Bonus Money in order to use them. See the Tropicana NJ website for instructions or contact Customer Support if you need assistance.
Every 100 Trop Points is worth $1 in Bonus Money. So, continuing with the hypothetical example above, a player who earns 1,000 Trop Points would earn $10 in Bonus Money.
Wagering the bonus
Before you can withdraw any winnings from the bonus, you guessed it — you need to wager the bonus 1x. Any game is fine, and you have up to 30 days to complete the wagering. As soon as you do, any resulting winnings are yours, but not the bonus itself, which is not withdrawable at all.
Spring Sharepot at Virgin NJ
The Spring Sharepot at VirginCasino.com also started on Monday, March 19 and ends at 11:59 p.m. Thursday, March 20. However, unlike the Spring Sharepot at Tropicana Online, described above, where the size of the Sharepot is unknown, depending on how much players wager, the Spring Sharepot at Virgin Online is a fixed amount. It is preset at $7,000 in the form of Bonus Money.
Another important difference is that the maximum number of tickets any player can earn is only three. The casino has three specific challenges for you. Depending on how many you meet — 1, 2, or 3 —before the promotion period expires, you earn 1, 2, or 3 tickets towards the Sharepot, respectively.
The three challenges
These are the three challenges:
- Make a Net Deposit of at least $50 and wager it one time.
- Wager at least $50 using the Virgin NJ mobile app.
- Wager at least $50 each day for at least two days during the promotional period.
Most players should not find it hard at all to earn three Sharepot tickets. Your total wagering will come to $200. Even if you’re a small player, this is very feasible dividing your wagering equally ($100 per day) over the two remaining days of the promotion. In fact, unless you have already opted in to this promotion on your own Monday or Tuesday, you will need to play both Wednesday and Thursday in order to satisfy the third challenge.
Most players will earn the maximum number of three tickets by completing all three challenges, and you should do the same. Otherwise, your share of the Sharepot will be much smaller.
Determining your share of the Sharepot
On Friday, March 22, the casino will determine each qualifying player’s share of the $7,000 Spring Sharepot. This will entail applying the same formula described above for the Spring Sharepot at Tropicana NJ online casino. The only difference is that in this case the size of the total Sharepot has been preset at $7,000 and remains that amount irrespective of how much is wagered by the participating players.
Each player’s share is the number tickets that player earned divided by the number of tickets earned by all players combined, then that percentage multiplied by $7,000.
Thus, for example, if you earn three tickets and the total number of tickets earned by everyone participating is 600 (you can safely assume that the overwhelming majority of players will also have three tickets), your percentage of the pot is a half percent. You would then multiply $7,000 by .005, which would leave you with $35 Bonus Dollars. Not bad at all.
On Friday, March 23,VirginCasino.com will inform all qualifying players of the size of their bonus. However, allow for up to three business days for the money to be credited to your account.
Wagering the bonus
The terms and conditions for all Bonus Money awarded in this promotion are identical to those outlined above for the Bonus Money at Tropicana NJ (as well as for all other bonuses awarded by either casino).
Which NJ gambling website’s Spring Sharepot is better?
The Virgin Spring Sharepot promotion is the better of the two NJ gambling website promos for several reasons.
For starters, taking on challenges is fun, and completing them successfully gives you an extra sense of accomplishment, too. Here you only have three challenges, none of which you should find difficult.
Secondly, the Virgin online casino promotion offers more bang for the buck. In order to earn the maximum number of tickets and earn the biggest prize possible, you only have to wager $200, as compared to $1,000 for the Tropicana NJ promotion.
Thirdly, whereas the Tropicana Sharepot contains Trop Points, the Virgin Sharepot is already in the form of Bonus Money. Therefore, the intermediary step of having to convert points to Bonus Money (with a low conversion rate) is completely eliminated. That’s another way you are getting better value with the Virgin NJ offer.
Go ahead and claim your share of the Tropicana Sharepot if you plan to play there anyway over the next two days. However, if you have an account at both online casinos and only have time to play in one, the Virgin Sharepot is a better bet.