This story was published more than 9 years ago.
A New Hampshire man was sentenced to two years in a federal prison last week for operating an illegal online sportsbook.
John Giannelli Sr., of Danvers was sentenced to the prison term and ordered to give up $452,000 as a penalty for running the sportsbook from his home.
Giannelli ran the illegal betting ring from his house for some four years and created a customer base of at least 300 gamblers. Government surveillance allegedly found that the ring brought in $188,000 in profits over a 12 week period.
In addition to running the illegal betting ring, the defendant also reportedly laundered money through another business to make it appear that his income was legitimate.