Gambling Money

There are several key methods that criminals deploy when money laundering. Many groups rely on breaking up the deposits into small tranches to avoid flagging in a practice known as structuring. Others simply buy chips with cash, spend some time on the casino floor and attempt to cash them out as winnings. There are many methods that involve the use of shell companies to conceal transactions, bank accounts and individuals involved. It is an incredibly complex area of finance and one that the authorities are fighting tirelessly to stamp out in all forms.

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Any money you win gambling or wagering is considered taxable income by the IRS as is the fair market value of any item you win. Gambling income isn't just card games and casinos; it also includes winnings from racetracks, game shows, lotteries, and possibly even bingo. The free bet is a common promotion at real-money online gambling sites in the US legal market. In fact, it’s a rare casino or sportsbook that doesn’t offer some type of free bet. For casinos, the typical free bet ranges from $10 to $25 and is available only for new customers.

What Makes Casinos the Perfect Target?

Casino gambling is a brilliant way to make money disappear, and reappear in separate bank accounts. Obviously, the casino industry takes measures to make this difficult which we will explain in more detail down the page. The casino does not necessarily need to be complicit in the money laundering activities for criminals to be successful, but many have known to be in the past. With so many underground markets operating throughout Asia, Europe and America – criminals have plenty of casinos and sports betting operators they can exploit to launder their dirty cash.

Without the compliance of the regulated casino industry, this is an uphill battle that the authorities cannot fight alone. There are many motivated, and well-funded criminal gangs that are persistent in their efforts to use casinos to launder money. Within the casinos, themselves exist many vulnerabilities that can be easily exploited. The staff in casinos represent one of the biggest risk factors for money laundering, as they are often low-paid administrative staff that can be easily bribed or threatened to assist the criminals laundering their money.

But what makes the casino money laundering so appealing rather than off-shore shell companies or other such methods.

The three biggest reasons for money laundering at casinos are:

• Casinos and sports betting operators have enormous cash flows that make it easy to bets intended for money laundering within the sea of transactions flowing in and out.
• It doesn’t matter who you are, whether you’ve been convicted of financial crimes or where your money comes from. The majority of casinos around the world are happy to accept wagers from anyone with hard cash to gamble.
• High-rollers are a major source of profit for many casinos – in order to maintain a strong a favorable relationship with the client, staff may ignore or turn a blind eye to any suspicious transaction.

As you can imagine from the above statements, revenue and profit are huge motivating factors for the casinos. It is difficult to deny that casinos are powerless to stop this activity, and certainly more needs to be done from industry regulators to enforce systematic checks on customers that set-off red flags with suspicious depositing activity.

Industry regulators certainly have a part to play, by scrutinizing large casino companies around the world they regularly audit and analyze financial statements looking for irregularities. The biggest operators make enough money from legal transactions, and it tends to be smaller casinos in less stringent jurisdictions that are complicit with money launderers. In Asia, there has been a long-term problem with this illegal activity – and a thriving underground gambling industry.

Things are a little different online, especially if you are gambling in the UK or another strictly regulated market. If you are worried about what might be going on at your favorite casino site, have a look at our guide to casino safety to see what reputable sites are doing to keep everything above board.

Fighting Against Money Laundering with Regulation

Within tightly regulated industries such as Europe and North America casino money laundering is a very low threat to operations. The regulators in these territories are very diligent, using a mixture of law enforcement integrations, technology, and correct procedures to mitigate the problems. Communities in Europe and North America are more resistant to the risks associated with exposing themselves to organized crime and are more active in their resistance to money launderers.

However, the Asian gambling industry is worth over $180bn annually. Before the market became such an enormous part of the local economy, a strong and thriving underground gambling scene was firmly established. Even now that big corporate casino interests have a firm hold on the market, the dark underbelly still remains.

Certain casinos within Asia are notorious for being connected to the criminal underworld – on a much larger scale than any European equivalent. It has been proven in the past that the Yakuza has a strong grip over many gambling operators in Japan, and in South-East Asia there have been several high-profile match-fixing and money laundering busts in the past decade.

The tide is turning though. Many of these casinos have begun enforcing identity checks on their new customers. More importantly, the range of payment options that was previously available has been refined to a select few, in this scenario payments are much more easily traced. The ability to use different accounts for deposits and withdrawals has enabled casino money laundering in the past, ending this practice will do a great deal for squashing the remnants of money laundering in this industry.

Is the Game Up for Money Launderers?

Obstructing the use of casinos as a vehicle for money laundering is a constant battle between law enforcement, criminals and casino operators. In the UK, customer check procedures are continuously improving, and in its current state, the system is highly impenetrable. The same rings true for much of Europe and North America. However, the lackluster approach to financial scrutiny in certain jurisdictions continues to allow the practice of money laundering to sneak under the radar. The amount of money involved is truly staggering, with that comes powerful and illicitly motivated groups who are determined for their business to go uninterrupted. The battle rages on between criminals and the authorities who are often left chasing shadows.

You can find out more info about how casinos stay safe from crime and how internet gambling is regulated in this section of our guide to real money casino gambling.

Finding the best US gambling sites should not be a stressful affair, right? One of the most appealing characteristics of any site for US online gambling is fast payouts, and we believe that should be the standard. No one wants to win and struggle to get paid the real money they’ve earned. That’s why we’ve created this list from extensive research of the top USA gambling sites.

In an age where choice should be a given and not a luxury, we ensure that the best real money gambling sites we recommend provide you with variety. Whether it comes to choosing your payment method, the type of sports you want to bet on, or the casino games you want to play, we believe you should have the final say on matters.

There’s lot’s more involved in ranking the best online gambling sites for US customers, and we explain all about our process on this page. We also touch on a few other topics that gamblers in the United States might be interested in. Read on to find out more.

If you came simply to know where to gamble online in the US safely, you can get started with any of our recommended sites right away.

Unfortunately, online gambling laws in the United States have made things a little difficult for betting and gaming enthusiasts. Online gambling is not fully licensed and regulated throughout the entire US, which means that some shady operators have taken advantage of American gamblers.

We care a lot about ensuring that our recommended online gambling sites are enough to keep customers happy. There are some excellent real money gambling sites that accept customers from the USA, and some that aren’t really up to scratch.

Then again, there are others that we wouldn’t touch with a ten-foot pole, given how unsafe they are. The bottom line is that we’re experienced in reviewing and ranking real money gambling sites on the web, so nothing gets past our highly-trained eyes.

We do all the hard work, so you don’t have to. Our up-to-date rankings of the best US gambling sites are proof of that. Of course, you might want to know the things we look for when setting these rankings. You might also have questions around the laws and if we only rank legal US gambling sites or list anything reputable.

How We Rank Online Gambling Sites for US Players

Everyone is entitled to want different things from the gambling site they play at. Despite this, we can all agree on a few things we expect from the best online gambling sites.

First things first, here are a few qualities we look for in any real money gambling site.

• Fully licensed and regulated by a trusted body
• Safe, secure, and steadfast in protecting customers’ sensitive information
• Reputable and trustworthy

There’s no doubt that safety should come first when choosing a United States gambling site. We only recommend sites that have absolutely satisfied the above criteria. And not one of our recommended online gambling sites has ever failed to do so.

But there’s more to being a top gambling site than being safe to use. Some of our recommended options offer sportsbooks, casino games, and even poker rooms. These “all-in-one” sites tend to do well with many US customers, but some do prefer sites that cater to just sports betting or casino games.

Here are a few things we just love to see.

We believe you deserve a wide range of markets and the kind of betting odds that keep you coming back for more, regardless of the sports you love to bet on.

The most popular US gambling sites have an extensive sportsbook that delivers nonstop sports betting action to fans of the NFL, NBA, MLB, NHL, and much more.

Many US-based gamblers want more than just the basics, however. Therefore, a site that offers odds on boxing, MMA, EPL soccer, entertainment, politics, and other markets are crucial to betting enthusiasts all over the country.

Many sports betting fans also like to play casino games. Our top-rated US gambling sites offer everything under one roof, making it even easier to bet on sports and play online casino games.

Whether you have a penchant for slots, a romance with roulette, or a love of blackjack, you can find all the games you love neatly categorized and readily available to play. Oh, and let’s not forget other games like video slots, baccarat, and craps.

Gambling Money Management

When it comes to live casino games and all of the above, our top online gambling sites only use modern, state-of-the-art software when producing titles you love. It shouldn’t be any other way!

Nothing is more frustrating than signing up at a site with a poor range of deposit methods. Luckily for you, our recommended real money gambling sites do more to provide options to their customers.

You will find several deposit methods available for you to use, such as debit cards, credit cards, Bitcoin, money transfer and more. What’s better than this is that the top online gambling sites also process US customers’ payments fast and efficiently.

What’s not to love about getting paid quickly?

When ranking our leading US gambling sites, we spend a lot of time analyzing the bonuses, promotions, and other offers that they provide to customers.

It’s always good to have your bankroll boosted by some free cash or land yourself a nice casino bonus. But without fair wagering requirements, some offers fail to do it for us.

Our top recommended websites have a wide range of bonuses and promotions that both new and existing gamblers can get their hands on.

At some point, you will need assistance when betting or playing through any site. Whether you have questions regarding your bets or need more information on how to cash out, it’s always helpful to have a strong customer support function to fall back on.

Our highest-ranked USA gambling sites ensure that you have the support you need when gambling through their site. A solid customer support option can often be reflective of how much a company cares about their players.

Whether it’s through a hotline, a live chat function, or via email, you’ll have the chance to reach an agent who really knows what they’re talking about. In the event of a technical error or payment processing query, that assistance can often be priceless.

The Advantages of Online Gambling from America

One of the greatest things to happen in the history of gambling was the internet. Sure, the early days of online betting and gaming may have been a little rough around the edges, but things have improved so much since then.

We can now access some of the best US gambling sites from the comfort of our own homes and enjoy the opportunity to place bets or play some incredible casino games in a matter of seconds. Without this luxury, we would have to rely on other ways to gamble.

It gets you thinking, doesn’t it? There are many advantages to online gambling that you won’t find anywhere else, that’s for sure. Read a few examples below.

It’s the convenience of being able to bet from anywhere that really makes gambling on the internet special.

If you have a smartphone or device with an internet connection, you could be placing parlays on the NFL or putting chips down on the roulette table from your living room or on the beach.

You can access tons of sports markets and casino games with a couple of swipes of your index finger. You will find all kinds of markets, including foreign sports, entertainment, and even politics. Then, when you have your bets placed, you can move to another part of the site and start spinning those slot reels.

Try traveling to a casino or sportsbook and doing the same.

The greatest part of gambling online is finding the right site for you. We all enjoy different parts of the online betting or playing experience, but the site that does it for a friend may not necessarily appeal to you.

With so many options out there, it can be a pain to find the one that fits like a glove. But, by following our recommended betting sites, we can get you there quicker.

Check out the following guide for a more detailed look at the various aspects of gambling online for real money in the US.

2020 Guide to Online Gambling for Real Money in the USA

Gambling online for real money is a popular pastime. It’s exciting, enjoyable, and can even be profitable. There are risks involved, too, which means real money gambling should be approached with caution. That’s why I’ve put together this..

As we mentioned earlier, gambling online in the United States can be a bit confusing in terms of the legal issues. This is because of how US gambling laws are governed (local, state, and federal gaming regulations apply) and just how outdated a number of these gaming regulations are.

With more and more states changing how they treat online gambling from a legal standpoint, it’s important to understand how these changes could affect you. Depending on where you live in the United States, you’ll either find things straightforward or difficult to understand.

But there’s no need to worry! Below, you will find a link to our US gambling laws and regulation page that will explain everything you need to know. It’s always good to make sure you’re using a legal US gambling site, so make sure to do a little research based on your state.

Yes, online gambling is legal in the US. Some states have gone as far to regulated and provide licenses for legal online gambling sites to operate and accept residents from their states. Not all sites are legal though, so make sure to understand the laws in your particular state.

If you gamble through a safe and trustworthy site, online gambling is 100% safe.

However, if you choose a site at random without understanding who they are and how they work, you could be putting yourself at risk.

Many bonuses and promotions are offered to customers in order to attract them to sign up for a site. Unfortunately, not all of them prove to be easy to convert into real cash.

Some US online gambling sites have unreasonable wagering requirements that prevent players from making anything from these bonuses.

The best US gambling sites still have wagering requirements on their promotions. Wagering requirements are effectively what prevents sites from being cleaned out.

Let’s say you get a $20 bonus that comes with wagering requirements of 20x. In order for you to win money from the bonus, you would have to turn it over 20x, to the value of $400. Anything after this is yours.

This term describes betting sites that offer a sportsbook, casino, poker room, or other services. For the most part, it’s one that allows you to place sports bets and play games such as roulette, blackjack, etc.

We spend thousands of hours every year scrutinizing each and every online gambling site we rank, just to make sure they’re safe, secure, and of the highest caliber. Rankings can vary state by state depending on various factors like the legal situation of a particular state.

Gambling Money Real

With years of experience under our belts, and a lot of inside knowledge in the gambling community, we’ve formulated a method of distinguishing safe real money sites from those to avoid. And we have a stellar reputation for doing just that.

Gambling Money

More Recommended US Gambling Sites

Gambling Money Line Calculator

We understand that you might have other wants and needs from a leading US gambling site. So, here are a number of other top-rated US gambling sites that should help you get started.

Gambling Money Jars With Sayings

Each state in America is free to determine how it operates and regulates online gambling within it’s borders. Because of this, the situation regarding online betting and gaming varies from one state to the next. To help you keep track of the current situation where you live, we’ve compiled guides to online gambling in each individual state. Where appropriate, these guides also include recommendations for the best gambling sites within the relevant state.