17 Individuals Charged with Organizing Illegal Gambling Operation in New York City.
According to the investigation, 70 bettors placed $22.7 million worth of bets through the ubet1288(.)com website between September 15, 2022 and March 29, 2023. This translates to roughly $324,300 per gambler. The system operated in a largely manual fashion. Essentially functioning as a private club.
The business was run by representatives of New York’s most notorious criminal organizations. This is only one case that has come to light. As the total volume of the illegal gambling market in New York for 2023 is estimated at a staggering $5.351 billion.
