Especially in reference to casinos?
Edit: since I’ve gotten some answers, I want to add: is it possible to use sports betting to launder as well?
In: Economics
The amount of speculation and guessing here is crazy. Casinos follow the same cash handling policies as banks. The only way to get around money laundering would be to keep the transactions small and over a long period of time. You can’t claim large wins because casinos track that information and issue w-2’s for them, which get sent to the IRS as reported income. You also can’t cash out for very much without your info being recorded. Modern procedures specifically designed to combat laundering would make it very hard.
Source: I’ve been in casino operations for 20 years.
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