Gambling is a common pastime all around the world. Whether it’s playing cards with friends, going to the casino, or betting on sports games, people love to gamble for many reasons. But some many different laws and regulations govern gambling in each country. This article will provide an overview of gambling in Korea vs America, including what types of gambling are legal, how much money can be bet, and where you can play.
Interesting facts on Korean and American Gambling Laws:
- The Korean law on gambling is much stricter than America’s, as any form of gambling is illegal in Korea.
- There are many reasons for this stricter stance by the government, including the fear that people will gamble away all their money and be unable to provide for themselves or their families.
- In contrast, most forms of gambling are legal in America with several exceptions such as lotteries (which were outlawed in 1976), roulette wheels, and casino games being banned from states like Nevada (where they’re only allowed inside casinos).
- The American government has historically been very lenient about allowing forms of gambling, as it brings in great revenue to the country.
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There are a few differences between Korea and America when it comes to betting limits
- In South Korea, you can only bet up to $100 on horse racing games. In contrast, Americans can legally gamble up to $10000 per race.
- However, there is one similarity that both countries share: any form of online gambling is illegal no matter where you live or what your nationality may be (except for those over 18 years old).
- As long as this remains true, Korean gamblers will have an advantage because they’re playing with less risk than their American counterparts.