I'm aware of those big gambling rings, but those figures are likely inflated. Second, someone correct me if I'm wrong, but the figures given are for the gross revenues, not net profit.
Exactly, Ivan. If the Feds pick up a wiretap of one guy winning a thousand on the Giants and one guy losing a thousand on the 49ers, they write it up as a two thousand dollar wager. It doesn't even matter to them that the bookies only see ten percent of the losing side of that bet (the vig). But it makes for good copy in the papers, so they report it however they want.
"I got news for you. If it wasn't for the toilet, there would be no books." --- George Costanza.
