The Money Factory – Closure Record

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Last verified: September 2, 2026

OperatorThe Money Factory (founders Trevor Pope, Clay Johnson, Jared Pope)ModelSweepstakes (GC / SC)Closed9 August 2026Overall statusClosedPlayer balancesPreserved, no deadline publishedLast verified1 September 2026
The Money Factory was one of the faster-growing American sweepstakes casinos of 2024 and 2025, and it closed without warning on 9 August 2026. The operator says every account, balance and pending redemption has been recorded and preserved, but it has published no deadline and no timetable for paying anyone out, and it is offering its platform software for sale.
9 Aug 2026Closed525,000+Customers claimed29m dollarsRevenue claimed in 20 monthsNonePayout timetable published

01 · The casino

A sweeps brand built by people who also sold the sweeps toolkit

The Money Factory was a dual-currency sweepstakes casino: Gold Coins for play, Sweeps Coins redeemable for cash prizes, and the usual free entry route for players who did not want to buy coins. It was founded by Trevor Pope, Clay Johnson and Jared Pope, the same team behind GammaSweep, a turnkey technology stack sold to other people who wanted to launch a sweepstakes casino. That made The Money Factory something of a showroom for the founders’ own software, and the growth claims were loud. Johnson said publicly that the platform went from nothing to 29 million dollars in revenue in 20 months, with more than 525,000 customers, year-on-year growth of 336 per cent and positive EBITDA.

Those figures are the founders’ own and were never independently audited, but the brand was widely reviewed and generally seen as a mid-table sweeps site with a large lobby and standard promotions. Nothing in the public record before August 2026 suggested it was about to close.

02 · The shutdown

Closed on a Sunday with a two-paragraph notice

On 9 August 2026 the site was replaced with a notice stating that, after careful consideration, The Money Factory had permanently ceased operations as of that day. No new sign-ups, purchases or gameplay were being accepted, and players could no longer log in. The notice said the company was conducting an orderly wind-down, that all player accounts, balances and pending redemption requests had been recorded and preserved, and that players with pending requests did not need to take any action. It gave one email address for players, [email protected], and a second, [email protected], for anyone interested in acquiring the company’s assets, including the platform software.

No reason was given. Trade commentary pointed at the same pressures behind the rest of the 2026 sweeps exodus: bans in Tennessee and Oklahoma that year, restrictions in Iowa and Louisiana, and the City of Baltimore suing six sweepstakes operators. Whether The Money Factory was named in any action is not on record; the closure appears to be a commercial decision made under general regulatory pressure rather than a response to a specific enforcement case. Three days after it went dark, CoinFrenzy, another sweeps site, announced its own closure for 25 September 2026, and the two were reported together as the latest pair to leave the market.

03 · The money

Preserved is not the same as paid

The operator’s language is carefully chosen. Balances and pending redemptions have been recorded and preserved. That is a statement about records, not about money moving. As of the date on this page there is no published deadline for filing a redemption, no statement that new redemption requests can be filed at all, and no timetable for paying the ones already in the queue. Players cannot log in to check their own balance. The only route is the shutdown email address, and the company has said it will post updates as the wind-down proceeds.

Compare that with LuckyStake, which closed five days later and at least gave players a dated redemption window and a stated review process. The Money Factory’s approach leaves everything open. The sale of assets is the other thing to watch: if a buyer takes on the platform, player liabilities may or may not travel with it, and nothing in the notice says they will. If you had Sweeps Coins on the site, email [email protected] now, state your username, the balance you believe you held and any pending redemption reference, and keep a copy of everything. Gold Coins had no cash value at any point.

04 · The receipts

How we verified this record

Every claim on this page is graded by how firmly the record supports it. “Confirmed” means more than one independent source agrees, or we saw it ourselves. “Observed” means we checked it directly on the date shown. “Unconfirmed” means it rests on reports we could not independently prove.

ObservedSite replaced with a permanent closure notice dated 9 August 2026We read the notice at themoneyfactory.com on 1 September 2026. It states operations ceased on 9 August 2026 and gives the two email addresses quoted above.
ConfirmedBalances and pending redemptions described as recorded and preservedThe wording is in the operator’s own notice and was reported consistently across trade coverage.
ConfirmedFounded by Trevor Pope, Clay Johnson and Jared Pope, also behind GammaSweepReported in sweepstakes trade coverage of the closure, drawing on the founders’ own public profiles.
UnconfirmedGrowth figures: 525,000 customers, 29 million dollars in 20 monthsThese are the founders’ claims on LinkedIn. No audited figures exist and the company has not published player numbers since closing.
UnconfirmedWhether any redemption has been paid since closureNo public confirmation of payments and no published deadline or timetable. The record stays open.
What we checked, and what we did not. This record is built from the operator’s closure notice, which we read directly, and from sweepstakes trade coverage of the shutdown and of the founders’ background. We did not hold an account at The Money Factory and did not file a redemption. The preservation of balances is set out as stated by the operator, not as verified by us, and the revenue and customer figures are the founders’ own claims. Last independently checked: 1 September 2026.

05 · The questions

The Money Factory – the questions still open

Q. Is The Money Factory closed?

Yes. The site went dark on 9 August 2026 with a notice that it had permanently ceased operations. No new sign-ups, purchases or gameplay are accepted, and players cannot log in.

Q. Will I get my Sweeps Coins balance back from The Money Factory?

The operator says all accounts, balances and pending redemption requests have been recorded and preserved, and that players with pending requests need not take any action. It has not published a payout timetable or a deadline. Email [email protected] with your details and keep a record.

Q. Who owned The Money Factory?

It was founded by Trevor Pope, Clay Johnson and Jared Pope, who also built GammaSweep, a technology stack sold to other sweepstakes casino operators. The company has since offered its own platform assets for sale.

Q. Why did The Money Factory close?

No reason was given beyond careful consideration. The closure came during a wave of American sweepstakes exits in 2026 driven by state bans in Tennessee and Oklahoma, restrictions elsewhere, and litigation such as the City of Baltimore’s action against six operators.

Q. Is CoinFrenzy connected to The Money Factory?

No shared ownership is on record; CoinFrenzy is run by Lucky Labz LLC. The two were reported together because CoinFrenzy announced its own closure for 25 September 2026 within days of The Money Factory going dark, and unlike The Money Factory it gave players a redemption window until that date.