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CNBC Investigates: The Big Business of Illegal Gambling
ABOUT THE SHOW
Across the United States, billions are being made outside the law. Illegal gambling may conjure images of mobsters, bookies, and threats of violence… but while that underground world still exists, technology has made illegal gambling much more accessible. The same computer you use for work or to connect with friends can be used to wager outside the law. It’s a thriving illegal business hiding in plain sight.
CNBC Investigates takes you inside the high-stakes world of illegal gambling where some people are cashing in while others face prison terms or even death. Follow the money trail to discover who controls this multi-billion dollar business.
CNBC Investigates takes you inside the high-stakes world of illegal gambling where some people are cashing in while others face prison terms or even death. Follow the money trail to discover who controls this multi-billion dollar business.
PROGRAM HIGHLIGHTS
The Big Payoff
Illegal gambling can generate huge paydays… but the risks are equally big. Millions of Americans gamble illegally and sports’ betting is by far the biggest moneymaker. Of all the money bet on sports, most of it goes through an illegal bookmaker.
Illegal gambling can generate huge paydays… but the risks are equally big. Millions of Americans gamble illegally and sports’ betting is by far the biggest moneymaker. Of all the money bet on sports, most of it goes through an illegal bookmaker.
Vegas Runner
Meet Vegas Runner… a professional sports gambler in Las Vegas. The bookie turned bettor has been in the business for more than twenty years. He legally bets at casinos, but also uses illegal corner bookies.
Meet Vegas Runner… a professional sports gambler in Las Vegas. The bookie turned bettor has been in the business for more than twenty years. He legally bets at casinos, but also uses illegal corner bookies.
The High Cost of Illegal Gambling
Illegal gambling costs Scott Damiani is home, business family... and almost cost him his life. After hitting rock bottom, he picked his life back up and now devotes his time to helping other gambling addicts as the Executive Director of the Outreach Foundation.
Illegal gambling costs Scott Damiani is home, business family... and almost cost him his life. After hitting rock bottom, he picked his life back up and now devotes his time to helping other gambling addicts as the Executive Director of the Outreach Foundation.
The Mob
For more than 50 years, illegal gambling in Chicago has been dominated by the mob. It’s the mob’s #1 moneymaker—the grease that keeps the wheels turning.
For more than 50 years, illegal gambling in Chicago has been dominated by the mob. It’s the mob’s #1 moneymaker—the grease that keeps the wheels turning.
On-line Illegal Gambling
Illegal gambling has moved out of the back alleys and onto the Internet where its more difficult for law enforcement to stop... but not impossible. Jay Cohen was the first American convicted of running an illegal Internet gambling website.
Illegal gambling has moved out of the back alleys and onto the Internet where its more difficult for law enforcement to stop... but not impossible. Jay Cohen was the first American convicted of running an illegal Internet gambling website.
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