|Owner:||Chambers & Heiser, New York|
|Builder:||Daniel and Aaron Westervelt, New York|
|Class and type:||Clipper|
|Length:||216 ft. 4 in.|
|Beam:||41 ft. 6 in.|
|Draft:||6 ft. 2 in.|
Record set, New York to Bombay
Sweepstakes made a record passage from New York to Bombay in 1857, of 74 days, between May 9th and July 22nd. At the time, it was "one of the fastest passages on record between the two ports."
The Sweepstakes was built at the height of the clipper ship boom, in 1853, when there was a high demand for quick transportation to the California Gold Rush. Forty-eight clipper ships were built that year. Sweepstakes was the last clipper ship built by the Westervelt shipyard.
Just the year before, in autumn of 1852, "four splendid new clipper ships put to sea from New York, bound for California" in "the most celebrated and famous ship-race that has ever been run": the Wild Pigeon, the John Gilpin, the Flying Fish and the Trade Wind. "All ran against time; but the John Gilpin and the Flying Fish for the whole course, and the Wild Pigeon for part of it, ran neck and neck, the one against the other, and each against all. It was a sweepstake with these ships around Cape Horn and through both hemispheres." 
The Sweepstakes, though black-hulled like other clippers, bore a stripe of gold, found on only a few others like the N.B. Palmer, and was praised for her sleek lines and speed. The clipper bow of the Sweepstakes was an unusual form, with an upright, curved stem, a straight keel, and a rockered, arched forefoot.
A rather dramatic mishap occurred during the launch. The ship was sliding down the ways towards the water, when the rails gave way and spread out. The ship careened onto its side, and remained toppled over for three days, until Tuesday the 21st. The ship "struck the staging alongside and around the stern" of another clipper ship under construction, the Kathay. A "large number" of spectators viewing the launch from the Kathay were pitched into the water, but all were recovered without incident.
Afterwards, the owners proposed a sweepstakes race for the new ship. "Messrs. Chambers & Heiser offer[ed] to sail the Sweepstakes, a clipper ship of 1600 tons, partially launched on June 18th from the ship-yard of Messrs. Westervelt & Sons, in this city, a race of 3000 miles, say 1500 out and return, each ship to pay an entrance of $10,000; the race to be subject to such rules and regulations as shall be prescribed by the New York Yacht Club.
Of the California clippers which sailed between 1850-1860, Sweepstakes was one of eighteen ships which made passages between New York and San Francisco in less than 100 days. The fastest trip between New York and San Francisco was 89 days; Sweepstakes came in seventh, with a passage of 94 days.
Sweepstakes' ports of call included New York, San Francisco, Shanghai, Manila, Macao, Melbourne, Adelaide, and Bombay.
In the preface to his autobiography, Master of the Show, Augustus Pitou, a Broadway producer who spent fifty years in theater as a manager, playwright, and actor, claimed to have sailed to Australia aboard Sweepstakes as a cabin boy.
Sweepstakes made its final voyage in 1862, from Adelaide to Batavia. The ship went aground on a reef in the Sunda Straits during this passage, and was damaged. It was drydocked for inspection, and condemned. The ship was sold for scrap on May 13, 1862, for 15,000 florins.
- Lars Bruzelius (1996-06-30). "Clipper ships: 'Sweepstakes'". Retrieved 2010-03-09.
- "Clipper Ship Sweepstakes". Fitz Hugh Lane. Museum of the City of New York. March 17, 2010. Retrieved Mar 17, 2010.
- This article incorporates text from a work in the public domain: Maury, Matthew Fontaine (1860). The physical geography of the sea. New York: Harper & Brothers. p. 338.
- Crothers, William L (1997). The American-built clipper ship, 1850-1856: Characteristics, construction, and details. Camden, ME: International Marine. p. 36. ISBN 978-0-07-014501-6.
- "Monthly notes, July 1853". Appleton's mechanics' magazine and engineers' journal. New York: D. Appleton & Co. 3: 168. 1854. Retrieved March 17, 2010.
- Morrison, John H. (1909). History of New York ship yards. New York: Press of W.F. Sametz & Co. p. 338.
- Clark, Arthur Hamilton (1912). The clipper ship era; An epitome of famous American and British clipper ships, their owners, builders, commanders and crews, 1843-1869. New York: G.P. Putnam's Sons. p. 296.
- "Augustus Pitou, Sr". Internet Broadway Database. The Broadway League. Retrieved Mar 18, 2010.
- "Pitou, Augustus, 1843-1915". American Theater Guide. Answers.com. Retrieved Mar 17, 2010.
- Pitou, Augustus (1914). Masters of the show as seen in retrospection. By one who has been associated with the American stage for nearly fifty years. New York: Neale Publishing. p. 9.