Those who were old enough and smart enough to have built up a large enough bankroll should be going into legitimate businesses.
And not to scheme and scam those businesses. But to actually invest and operate those businesses so as to grow their wealth accordingly and make them successful.
With the advent of legalized sports betting a major illicit revenue stream has been affected.
Yet, because those who bet and are lucky enough to win have to pay taxes on those winnings, and cannot 'float' a line of credit with the' legal' book which requires you to 'post up' funds BEFORE you wager a bet, illegal bookmakers will continue to operate.
To what degree is anyones guess.
Another plus for illicit gaming operations is that losing bettors can borrow funds if wanted. THAT is not a service that legal books offer either.
So there's a few dynamics here that still favor street bookmakers.
That and the profit margins for bookmakers are higher than they used to be due to the internet and Costa Rica. They no longer have to pay guys to take bets on the phone but it’s been that way for the last 20 years but Legalized sports betting will cut into theyre action a little bit for sure
