In case you forgot, legendary sports bettor Billy Walters is currently in prison for insider trading.
put together a great piece on Walters' fall from grace including his relationship with Phil Mickelson.
"There are a number of benefits -- jobs, taxes, allowing Americans to engage in an activity that is already taking place legally [in Nevada and offshore sites]. License the people involved to keep out the criminal element."
"Everybody in this country bets on sports. If you were to take away the office pools, fantasy pools, people betting on sports, I guarantee the [TV] viewership would be cut in less than half."
"You look at something like that and what I got is a temporary situation. It is not a good situation. It is clearly something I never dreamed would happen. And what has happened and the way it happened is as bad as it gets, but I do have a perspective. This will end. I don't know when it will end, but it will end. My life will go on. And I don't have anything I can't recover from. So, from that point -- I been married 41 years. I got a great wife. In my trial, there were way over 100 people that sent letters in. So, we have a lot of friends. Frankly, I consider myself to be one of the most fortunate men in the world. I really do. Like I said, I got things in perspective."