This week it was revealed that poker pro Jay Sharon and seven other people were arrested for operating a $3.5 million a year illegal sportsbetting ring.
Sharon and seven others were taken into custody in New York and Las Vegas, and saw them facing various charges of enterprise corruption, promoting gambling, conspiracy, and money laundering. The arraignment of the defendants will take place in Queens County Supreme Court, and Queen Attorney General Richard A. Brown is prosecuting the case. It is believed that the ring was in operation since 2014, and generated wagers throughout the country.
The raids took place in 10 different sites and saw $93,000 in cash and other evidence seized.
Commenting on the case Brown said, "Over the last few years, working with our 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."
Sharon is listed as having raked in $214,258 in career winnings, with him taking first in a few big poker tournaments.
Casino Listings will update this story as more developments arise.
That's obviously have been a huge illegal ring but I'm still wondering why the sportsbetting is illegal in the US which makes those people doing that because there is a huge interest from a punters side. The irony is that there is many other gambling ways to loose your money out there but not in a sport stake.