Nick Pell
๐ค SpeakerAppearances Over Time
Podcast Appearances
Should anyone be in jail for this?
I don't think so.
But are people who make this easy for me to do morally questionable?
I think they absolutely are.
Fun fact, my family was involved in the gambling business such as it was in the 70s and the 80s.
My uncle was a bookie and my father was in what we would euphemistically call collections.
Okay.
They did not work together.
Yes.
And like you said, it was not as easy as downloading an app.
I mean, you could not even gamble on Sportsbook in Vegas until 1975.
It wasn't illegal.
It was taxed into oblivion.
There was a 10% tax, and that made it unprofitable.
In 1974, Lefty Rosenthal, presumably not his given name, the guy who Robert De Niro's character in Casino is based on, he successfully lobbied to get it dropped to 2%.
Yeah, he basically built Vegas, at least the sports betting side of things.
Prior to that, the closest you were going to get was off-track betting, where you went and gambled on horse races over the television.
In Rhode Island, when I was a kid, you could also gamble on high lie betting.
Which most people have never heard of and probably couldn't pronounce if they saw how it's spelled.
Yeah, yeah, yeah.