Getting Paid Off the Books in America

On a recent day in Washington, D.C., Carlos Juarez of Guatemala waited on a street corner to find day labor. Juarez is part of America’s underground economy. So are casual sports gamblers. Office worker Gary Gibbs, speaking at a Maryland sports bar, says that betting in an office pool might be illegal, but it’s like jaywalking.

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Thu, March 15th, 2007

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Gambling casinos info:

  • The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
  • Dice games have existed in one form or another for over 2000 years and were originally played with dice fashioned from the knucklebones of sheep.
  • Lotteries were brought to America in the 1800s by the thousands of Chinese immigrants who worked in the mines and on the railroads.
  • Parimutuel wagering refers to the type of gambling where the total prize pool is based upon the amount of money wagered. The more money gambled, the bigger the prize.