Another word for sweepstakes is "raffle," which often involves participants entering for a chance to win prizes through a random drawing. While both terms refer to promotional contests, another word for sweepstakes can also include "giveaway," emphasizing the free nature of the prizes. These contests are popular marketing tools, engaging audiences and encouraging participation through the allure of winning something valuable. Whether you call it a raffle or a giveaway, the excitement of entering remains a thrilling experience for many.