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Is Online Gambling and Sports Betting Hurting the Black Community? · Earn Your Leisure

• 0:01
  Speaker 1: Earners.
• 0:01
  Speaker 2: What's up.
• 0:02
  Speaker 1: You ever walk into a small business and everything just
• 0:04
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• 1:01
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  Speaker 1: can keep pushing your vision forward. This episode is brought
• 1:10
  Speaker 1: to you by P and C Bank, a lot of
• 1:12
  Speaker 1: people think podcasts about work are boring, and sure they
• 1:16
  Speaker 1: definitely can be, But understanding of professionals routine shows us
• 1:20
  Speaker 1: how they achieve their success little by little, day after day.
• 1:24
  Speaker 1: It's like banking with P and C Bank. It might
• 1:27
  Speaker 1: seem boring to save, plan and make calculated decisions with
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  Speaker 1: your bank, but keeping your money boring is what helps
• 1:33
  Speaker 1: you live or more happily fulfilled life. P and C
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  Speaker 1: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since
• 1:41
  Speaker 1: eighteen sixty five is a service mark of the PNC
• 1:44
  Speaker 1: Financial Service Group, Inc. P and C Bank National Association
• 1:48
  Speaker 1: Member FDIC.
• 1:51
  Speaker 2: And the online GAMO situation. Billions of dollars have been
• 1:55
  Speaker 2: targeted community, specifically to the Black community worked, and it's worked.
• 2:01
  Speaker 2: I know firsthand. When I saw online gamblin five years ago.
• 2:05
  Speaker 2: Shot to my man Larry, he he won big and
• 2:09
  Speaker 2: it wasn't as big as it is now, nowhere near
• 2:10
  Speaker 2: as big as it is now. So I actually watched
• 2:12
  Speaker 2: the growth happen over the course of top and it
• 2:14
  Speaker 2: was strategically done. They have Joe Button podcasts, they have
• 2:18
  Speaker 2: Cavin Mace's podcast, They have Gillian Wallow's podcast. They have
• 2:22
  Speaker 2: Shannon Sharp's podcast. I mean you name it right, They
• 2:27
  Speaker 2: have Gilbert Arenas's podcast, so it's like, man, they spit.
• 2:32
  Speaker 2: They have Drake as a brand ambassador. Like people don't
• 2:37
  Speaker 2: even realize what's happening because they're just like, oh, Drake
• 2:39
  Speaker 2: lost three hundred and fifty thousand dollars, he got probably
• 2:42
  Speaker 2: one hundred million dollar contract and it's worked and it's barstool.
• 2:51
  Speaker 2: It's one thing like even I was talking to my
• 2:53
  Speaker 2: cousin and a few people in jail have told me
• 2:55
  Speaker 2: this shot to my guy album as actually I'm being
• 2:59
  Speaker 2: ree on Wednesday. Butlong story short, with United, im one
• 3:02
  Speaker 2: for there's a few things that you stay away from
• 3:04
  Speaker 2: in jail, A few things I won't name, but one
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  Speaker 2: thing in particular that they all said it's gambling. Don't
• 3:10
  Speaker 2: don't gamble in jail because you're gonna you know what.
• 3:14
  Speaker 2: The reason why I say don't gamble because you're going
• 3:16
  Speaker 2: to lose, and if you're going to lose, you could
• 3:18
  Speaker 2: potentially get killed. So to stay away from it, just
• 3:20
  Speaker 2: don't gamble. I say that to say this gambling thing
• 3:25
  Speaker 2: is a losing game. It ruins lives. That's a fact.
• 3:29
  Speaker 2: Like It ruins people's lives. It causes households to break up,
• 3:34
  Speaker 2: it causes people to go into debt, it causes people
• 3:37
  Speaker 2: to do irrational things. It's just like drinking alcohol. It's
• 3:40
  Speaker 2: the same thing, like you drinking too much alcohol. If
• 3:42
  Speaker 2: you have a no alcoholics nobody, it doesn't end well.
• 3:45
  Speaker 2: The alcohol thing doesn't end well for people. It's like drugs.
• 3:48
  Speaker 2: And this gambling thing is not helpful. It's not And
• 3:52
  Speaker 2: I like even jaywan I said it like that was
• 3:54
  Speaker 2: insightful for them to say, like yo, like it can
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  Speaker 2: humble you, Like you know what I mean, Like you
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  Speaker 2: you're gonna lose. Majority of people that's gambles want to lose.
• 4:02
  Speaker 2: It's targeted to black people, and they made billions of
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  Speaker 2: dollars off of it, and at some point in time,
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  Speaker 2: you got to have an investigation on this, like it's
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  Speaker 2: the same thing. It's the same thing that happens every
• 4:10
  Speaker 2: fifty years. Previously it was the lottery that was the
• 4:14
  Speaker 2: thing that was targeted to black and it was like,
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  Speaker 2: I see my grandmother spend probably hundreds of thousands of dollars.
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  Speaker 2: These are poor people that's spending ten dollars, fifteen dollars
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  Speaker 2: with their hope that they're going to hit ten fifteen
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  Speaker 2: million dollars over the course of their lifetime. If they
• 4:26
  Speaker 2: would have invested that money, they'd be millionaires. It just
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  Speaker 2: gets reincarnated. But it's always targeted. If they called the
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  Speaker 2: poor tax, it's targeted to the most vulnerable population. I
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  Speaker 2: said this years ago. Rich people teach their kids about stocks.
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  Speaker 2: Poor people teach their kids how to gamble. So it's
• 4:43
  Speaker 2: like everybody knows how to play ce Loo and talk
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  Speaker 2: and all of these card games, and now they know
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  Speaker 2: how to do over under parlays, but they still don't
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  Speaker 2: know about how to invest in real estate or how
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  Speaker 2: to buy stocks. That's a problem. But we look at it,
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  Speaker 2: it's like it's entertainment. It's really dangerous, and it's something
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  Speaker 2: that is harmful. It's really harmful for the black community.
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  Speaker 2: And sometimes at some point in time, we got to
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  Speaker 2: have a real conversation because it's white. It's only white
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  Speaker 2: people that's making money from this. At the highest level,
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  Speaker 2: all these companies are owned by white people, and they
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  Speaker 2: only targeted the majority of the people that they targeted
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  Speaker 2: is poor educated black people.
• 5:16
  Speaker 1: Well, and this is the reason why, and everybody that's
• 5:20
  Speaker 1: watching this show right now, from the beginning when I
• 5:24
  Speaker 1: told you about the portfolio. What was the company that
• 5:27
  Speaker 1: I said this should invest in.
• 5:28
  Speaker 3: Yep, Draft.
• 5:32
  Speaker 1: The writing was on the wall. In fact, shout and
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  Speaker 1: shout to Larry, and they brought up LG. Larry actually
• 5:38
  Speaker 1: lost his mom last week, so resting peace, Rest in
• 5:42
  Speaker 1: peace to him, his mom and the entire grand family.
• 5:44
  Speaker 1: I thought, some prayers are with you, my brother. But yeah,
• 5:47
  Speaker 1: me and like we were doing that. We were in
• 5:49
  Speaker 1: fan duel, so we was in DraftKings. We was making money,
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  Speaker 1: not lots of money, but no, no, no, no, no, no, no, no, no, no,
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  Speaker 1: I'm getting it. I'm getting there. We were making money.
• 6:00
  Speaker 1: In fact, it would the same way I would be studying,
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  Speaker 1: like I'm you know, like I'm upset and so like
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  Speaker 1: I'm doing that. I'm winning money, but it's not like
• 6:08
  Speaker 1: substantial money. He got to a point where he was
• 6:11
  Speaker 1: betting real money and making substantial money. I've never seen
• 6:14
  Speaker 1: a two week, three week run like he had was incredible.
• 6:17
  Speaker 1: What I started thinking, like, well, if we're at this
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  Speaker 1: level and this thing isn't even legal in every state,
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  Speaker 1: right There was times when me and my boy were
• 6:24
  Speaker 1: called to Vegas like yo, can you put this placement
• 6:27
  Speaker 1: in like his because his sister lived out there or
• 6:30
  Speaker 1: New York didn't have it legal, so we'd have to
• 6:32
  Speaker 1: be like, yo, somebody go to Greenwich to put this
• 6:34
  Speaker 1: placement in for us. When it started to get to
• 6:36
  Speaker 1: that level, I'm like, oh, we'll onto something. I said, DraftKings.
• 6:39
  Speaker 1: If you look at DraftKings, how it's performed during the
• 6:42
  Speaker 1: pandemic since the pandemic, that's not going anywhere. The other one,
• 6:44
  Speaker 1: and at the time it was FanDuel, But in order
• 6:47
  Speaker 1: to know FANDU, you got to figure out who owns FanDuel,
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  Speaker 1: So Flutter was the other company. Look at what Flutter
• 6:51
  Speaker 1: has done over the past two years that like this,
• 6:54
  Speaker 1: this isn't slowing down. So like, yes, if you're going
• 6:57
  Speaker 1: to do that, and yes, I feel his predatory like
• 7:00
  Speaker 1: that is obvious.
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  Speaker 2: Right.
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  Speaker 1: I'm watching Bill Belichick and then I see Button Joe
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  Speaker 1: Button in the commercial and Cam in the commercial. I'm like, damn,
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  Speaker 1: this is okay, I get it. But now as you
• 7:09
  Speaker 1: run down the list of all that, I'm like, damn,
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  Speaker 1: this is really something. How do you combat that invest
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  Speaker 1: in that side or if you're that's against your moral compasses?
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  Speaker 1: Don't but look at it from macro micro. We got
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  Speaker 1: to figure it out.
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  Speaker 3: The assets that are most important to invest in are
• 7:28
  Speaker 3: always going to be marketed as the most boring stock,
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  Speaker 3: real estate, private equity, government contracts. The things that are
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  Speaker 3: most exciting music industry, pornography, drugs. Yeah, but we'll seem
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  Speaker 3: excited and pay a smaller dividend and aggregate always and
• 7:45
  Speaker 3: a lot of these games were taken out of our
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  Speaker 3: community and then whitewashed and then sold back to us.
• 7:50
  Speaker 1: That's why you gotta be disruptive. You got to create
• 7:54
  Speaker 1: a show where people actually realize that they can make
• 7:56
  Speaker 1: money other ways. You gotta be disruptive, y disrupt the
• 8:00
  Speaker 1: whole thing.
• 8:01
  Speaker 3: So prise ptank when we run into them.
• 8:04
  Speaker 2: Bob, let's say market one day spots of by prize Pick.
• 8:09
  Speaker 1: We said all that just to say, like, yo, what's up?
• 8:11
  Speaker 3: Why I call it?
• 8:14
  Speaker 4: An illegal alien from Guatemala charged with raping a child
• 8:18
  Speaker 4: in Massachusetts. An MS thirteen gang member from Al Salvador
• 8:22
  Speaker 4: accused of murdering a Texas man of Venezuelan charged with
• 8:26
  Speaker 4: filming and selling child pornography in Michigan. These are just
• 8:30
  Speaker 4: some of the heinous migrant criminals caught because of President
• 8:34
  Speaker 4: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 8:38
  Speaker 4: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 8:42
  Speaker 4: crossings are at the lowest levels ever recorded, and over
• 8:46
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• 8:49
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• 8:53
  Speaker 4: one thousand dollars a day, imprisoned, and deported. You will
• 8:57
  Speaker 4: never return. But if you register using our CBP home
• 9:01
  Speaker 4: app and leave now, you could be allowed to return legally.
• 9:05
  Speaker 4: Do what's right. Leave now. Under President Trump, America's laws,
• 9:10
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• 9:13
  Speaker 4: States Department of Homeland Security.