Feds Bust $32 Million Illegal Gambling Business17 People Allegedly Violated NY's Organized Crime Control Act |
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An alleged illegal sports betting operation that facilitated $32 million in wagers each year was busted by the feds this week, according to a government press release.
Seventeen people were charged in New York in a 126-count indictment. The charges range from enterprise corruption, money laundering, promoting gambling and conspiracy.
Most of the individuals have been arrested. They each face up to 25 years in prison.
“Internet gambling is a multi-billion dollar worldwide industry. It is highly sophisticated and extremely lucrative handling wagers on a wide variety of sports events, ranging from horse racing, football, baseball, basketball and hockeyto NASCAR, PGA gold and professional tennis, among others,” Queens District Attorney Richard Brown said.
“Over the last few years—working with our federal, state and local law enforcement colleagues – we have taken down a number of these operations and put them out of business. These cases, I believe, have put a significant dent in illegal gambling nationwide—and have saved individuals across the country millions of dollars in gambling losses.”
According to the American Gaming Association, the casino industry’s top lobbying group, Americans bet at least $140 billion on sports illegally each year.
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