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Eileen Evis, 61, from Colaton Raleigh, Devon, was jailed in March last year for stealing £140,000 from building firm TAG in Sidmouth, the BBC reported Tuesday. Evis worked as a bookkeeper for the company.
The granny is said to have wagered £2m on a single Internet gaming site.
Prosecutor Howard Phillips said she had "effectively emptied" the firm's accounts.
"She physically laid her hands on just under £140,000," he said.
"She had a massive internet gambling problem - she wagered over £2m on one site."
Evis had lost £127,000 in total on her gambling addiction, Mr Phillips added.
Gambling911.com Staff
