Overview

• Guy Ficco cautioned that using non‑reputable betting sites can put deposits and winnings at risk.
• He said investigators are seeing an influx of identity theft tied to online casinos.
• Ficco cited a case involving a Costa Rica operator that handled over $2 billion in wagers and allegedly failed to report more than $20 million in tax.
• New York sportsbooks took in $527.6 million during the NFL season’s first week, underscoring the volume flowing through the market.
• Bettors were urged to stick with large, reputable platforms, research where they deposit money, and proceed with caution.