New Hampshire Man Imprisioned For Online Sportsbook

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.

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