Types of sweepstakes can vary widely, offering different ways for participants to enter and win prizes. Common types include instant win sweepstakes, where participants can find out immediately if they've won, and traditional sweepstakes, which require a random drawing after the entry period. Other popular types of sweepstakes include skill-based contests, where winners are determined by their performance, and social media sweepstakes, which leverage platforms like Instagram and Facebook for entries. Understanding the various types of sweepstakes can help participants choose the best opportunities to maximize their chances of winning.