Does Coin Master really pay?

I've been hearing a lot about Coin Master lately, and I'm curious if it's really possible to earn money from playing the game. I understand it's a mobile app that involves spinning a slot machine-like wheel to earn coins and other in-game rewards, but I'm wondering if there's a legitimate way to cash out those rewards for real money. Is it just a scam, or can you actually make a profit by playing Coin Master? I'd appreciate any insights you can offer on this topic.