Billy Walters, the renowned 77-year-old gambler, shared his Super Bowl pick, favoring the Chiefs. However, some social media bettors speculated that he might have intentionally chosen the wrong side to influence the line and then bet on the 49ers at a more favorable number.
Walters, known for his skill in manipulating lines during his prime, clarified that those tactics are in the past. He expressed surprise at the notion that his successful pick of the Chiefs, who won as 2-point underdogs against the 49ers, was a deliberate deception, which he used to refer to as “phonies.”
Bill made it clear that he wouldn’t even think about tricking anyone, especially during something as big as the Super Bowl, especially with the margin being just 2 points.
Amidst the recent buzz surrounding Billy Walters, many are eager to delve into his financial status. In this article, we’ll explore Billy Walters’ net worth and more, shedding light on his financial standing
Billy Walters’ Net Worth: An Inside Look
According to Celebrity Net Worth, Billy Walters, an American sports bettor, entrepreneur, and developer, boasts a net worth of $200 million, earned through his remarkable success in sports betting. His strategy of leveraging his winnings into traditional investments has further contributed to his wealth.
Walters has diversified his portfolio, owning assets such as golf courses, real estate, car dealerships, and multiple residences. He proudly asserts that he enjoyed 37 consecutive years of profitability from betting on football and basketball. Notably, Walters was a key figure in the Computer Group, a betting system founded in Las Vegas in 1980, which relied on statistical analysis to generate millions in profits annually.
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However, Walters’ reputation was tarnished when he was found guilty of insider trading in April 2017 following a three-week trial in New York Federal court. Prosecutors alleged that he illicitly earned $40 million between 2008 and 2015 using insider information. He was sentenced to five years in prison but was released early due to the COVID-19 pandemic. In January 2021, Donald Trump commuted Walters’ sentence.
Philanthropic Contributions Of Billy Walters
Billy Walters, along with his wife Susan, is renowned for their philanthropy, particularly their support for Opportunity Village, a Las Vegas nonprofit aiding individuals with intellectual disabilities. They pledged a $1 million matching donation in response to the cancellation of the organization’s major fundraising events due to the COVID-19 pandemic.
Over the years, the couple has been honored for their charitable contributions, including being named Las Vegas Philanthropists of the Year in 1997. In the aftermath of the 2017 Las Vegas shooting, Walters anonymously donated $500,000 to assist victims. Additionally, they donated $1 million towards renaming McCarran International Airport to Harry Reid International Airport in 2021.
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Walters also made significant contributions to HOPE For Prisoners, supporting re-entry programs for formerly incarcerated individuals. In recognition of his philanthropic efforts, he received the Champion of Hope award in 2023.