Key Similarities and Differences Between the US and Australian Gambling Markets

Huynh NguyenJuly 11, 2022

Key Similarities and Differences Between the US and Australian Gambling Markets

Are you a fan of gambling? Then there’s a perfect country for you! Despite many cultural similarities and shared history, these two countries’ gambling landscapes are quite distinct. Both have extensive state licensing, but their levels of restrictiveness differ greatly.

Foreign gambling markets have heavily influenced Australia and the United States, and both have many casinos and lotteries and online gambling on computer games such as poker. If you’re ready to have a blast and win big at a trusted and secure casino, check out the best online casino bonuses.

With so many similarities, it’s easy to see why the feel of gambling can make you feel more comfortable in one country versus the other. Still, this article will discuss the similarities and some of the main differences between these two different gambling markets.

Size of Market

The gambling industry is booming again in the United States. In fact, the gambling revenue hit $13.6 billion, almost three times more than in 2021, and exceeded the $44 billion mark. Now, everyone can say that this is one of the top industries on track to meet or exceed its goals in 2021.

Meanwhile, the online gambling market in Australia is estimated to reach US$ 4.0 Billion by 2021, rising at a CAGR of 8.1% over the forecast period 2022–2027. IMARC has identified key growth drivers, including penetration of new markets, increased online gaming volumes, and growth in the number of players.

Laws and Regulations

Gambling laws differ between the US and Australia. However, states in both countries have the same ability to regulate markets for gambling.

The US federal law and most state laws allow gambling with certain restrictions, but most states with gaming allure are on the East Coast. In fact, the main reason is probably that states such as New Jersey and Pennsylvania set up a viable online casino industry that is still growing today. On the other hand, several states, such as Arizona and Michigan, have extremely strict gambling laws.

While the Australian Government makes enforcing gambling laws a priority, the Australian Commission on Gambling and Liquor Regulation is responsible for ensuring the integrity of the laws. In Australia, gambling regulations require players to be over 18 years of age, while casinos must also adhere to at least 3 of the 9 Australian Responsible Gambling principles.

Accessibility to Online Establishments

To play in the United States, you must be physically located in one of the states that have regulated the online casino market. Players in the United States are legally allowed to play online casino games but must use US-regulated sites and players.

Some jurisdictions also have an additional layer of protection. In general, they prevent United States players from depositing more than a certain amount of money at once and refer back to the Unlawful Internet Gambling Act of 2006.

On the other hand, gambling providers in Australia are not allowed to advertise or promote their services on the Internet. They are also not allowed to let people deposit money with them or send funds from an account that has been opened in Australia.

If you think someone is offering an illegal online service, you can complain to the Australian Competition and Consumer Commission (ACCC). The ACCC can take action against criminals and seek fines if they run an illegal business.

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