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Michigan regulators have penalized Caesars Sportsbook after a bettor exploited a system flaw to place millions in wagers without funding his account. The Michigan Gaming Control Board (MGCB) confirmed the fine in a detailed order released in September.
Good to Know
In April 2023, bettor Jeffrey Saco managed to deposit $2.1m into his Caesars Sportsbook account without transferring real money. The loophole let him make 116 separate deposits, which he then used to wager more than $88m. Despite the deposits being fake, he withdrew nearly $600,000 before activity stopped.
MGCB’s order stated:
“On July 14, 2025, the Executive Director issued a Notice of Opportunity to Show Compliance to Respondent alleging violations of various Internet gaming and Internet sports betting rules…when it allowed a patron to access the unsecured systems application and make 116 deposits with no physical cash deposit or other authorized method of account funding.”
Caesars Sportsbook reported the issue to regulators and later signed an Acknowledgement of Violation (AOV). By July 28, 2025, Caesars agreed to pay $100,000 to settle the matter. The Executive Director signed off on the resolution on August 11, 2025.
The MGCB highlighted the cooperation from Caesars, which helped close the case with no further penalties.
Saco faced eight felony charges related to the unauthorized deposits. He was sentenced to three months in jail and placed under a three-year probation period. As part of his punishment, he paid Caesars $25,000 upfront in April 2025 and is required to send $2,500 every month during probation.