whats left?

[NewEnglandHere]

guy gets made whats left to earn? sgambling is legal unions are heavily moitored i mean whats left to earn?

[Little_Al1991]

The Five Families are still active.Recent indictments show that members are still earning big amounts of money, well at least some of them.
A lot of them work honest jobs within the construction industry such as John Pennisi.

[Hired_Goonz]

Well if you play your cards right you could end up with a podcast.

[Newyorkempire]

Oh god. More ignorance. "Whats left". Smh

[Wiseguy]

One could write volumes on how much the racket opportunities for LCN have diminished over the years. The world the mob came to power in is not the world of today. One former prosecutor devoted a whole section of his book to demonstrate how things changed for the mob in four main areas - gambling (numbers), loansharking, narcotics, and labor racketeering.

[sharpieone]

The Five Families are still active.Recent indictments show that members are still earning big amounts of money, well at least some of them.
A lot of them work honest jobs within the construction industry such as John Pennisi.

I think this has been one of the biggest changes -- guys have to show legit income, and some of them end up actually working. If you believe all the reports, even Barney has a large portfolio of legitimate construction work, real estate, etc.

[Uforeality]

Gambling and loansharking are still money makers. Insurance fraud is another one. Labor racketeering and union infiltration are dwindling. Crime is crime tho. Traditional mafia rackets are evolving to more complex scams. Then there's always drug dealing. Still big money there

[Little_Al1991]

One could write volumes on how much the racket opportunities for LCN have diminished over the years. The world the mob came to power in is not the world of today. One former prosecutor devoted a whole section of his book to demonstrate how things changed for the mob in four main areas - gambling (numbers), loansharking, narcotics, and labor racketeering.

John Pennisi said that in about 10 years, the mob will be a organised street gang

[TommyNoto]

Gambling and loansharking are still money makers. Insurance fraud is another one. Labor racketeering and union infiltration are dwindling. Crime is crime tho. Traditional mafia rackets are evolving to more complex scams. Then there's always drug dealing. Still big money there

The sports gambling volume they are bringing in is mind blowing given the internet and suburbs growth . I don’t know the effect legalization is having but absent that the mobs sports gambling book is bigger then it was years ago. It’s how they survived and in some cases flourished the last 20 years. I don’t see mob activity slowing down until they disrupt these huge gambling books . Senior Mngt at Companies like Fan Duel openly talk about how big the black market still is on n metro area.

With gambling and weed legalization, it’s a great time to be a gangster today.

[Wiseguy]

John Pennisi said that in about 10 years, the mob will be a organised street gang

They've been saying that for the last 30 years.

[NewEnglandHere]

so i asssume for instanc at football season many people still bet with a bookmaker vs the state? inew jersey took in over a billion dollars in sport bets

[Wiseguy]

so i asssume for instanc at football season many people still bet with a bookmaker vs the state? inew jersey took in over a billion dollars in sport bets

It's not like every player suddenly switched over to DraftKings or whatever. Some may have, while others have been using both. It's ultimately a different clientele and there will always be some who want to (or have to) bet on credit and avoid taxes.

[BlackDow]

Legal regulated bookies will limit successful punters. Do the mob do this?

[Wiseguy]

Legal regulated bookies will limit successful punters. Do the mob do this?

If you mean bettors that keep winning, I've read the bookie will sometimes insist the bettor share any information he may have about his picks.

[CabriniGreen]

Gambling and loansharking are still money makers. Insurance fraud is another one. Labor racketeering and union infiltration are dwindling. Crime is crime tho. Traditional mafia rackets are evolving to more complex scams. Then there's always drug dealing. Still big money there

The sports gambling volume they are bringing in is mind blowing given the internet and suburbs growth . I don’t know the effect legalization is having but absent that the mobs sports gambling book is bigger then it was years ago. It’s how they survived and in some cases flourished the last 20 years. I don’t see mob activity slowing down until they disrupt these huge gambling books . Senior Mngt at Companies like Fan Duel openly talk about how big the black market still is on n metro area.

With gambling and weed legalization, it’s a great time to be a gangster today.

This part. It's what I don't get. The internet part. When they settle up, It's all cash, no credit cards or paypal type anything? So all their customers have to be local.. right?

Are the bookies in NY, operating online gambling software based in say..... Costa Rica, but all the bets are from local people? Or do they take bets from say... Mike in Idaho? But then if so, how do they settle up? If it's all in person, and cash only?

I'm too simple to wrap my head around it... I need a breakdown... lol