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 idea is that it becomes harder to prove if those funds were in your possession when you entered the casino or if you won them playing there.
If law enforcement wanted to get involved, they may have to ask the casino to provide information about players card activity or any other records they may have about what was wagered/won there. If a player claimed to won a large amount on slots but didn’t have any single win over $1200, that alone could be mildly suspect.
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