– How is gambling used to launder money?

1.03K viewsEconomicsOther

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

16 Answers

Anonymous 0 Comments

Walk into a casino with 10k in dirty money. Go to a blackjack table and exchange it for casino chips. Gamble small amounts like a normal for like 10 min. Then “randomly” get a phone call where you need to leave right away for a “family emergency” take your chips to the casino window where they give you cash and a receipt. Done.

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