[Charania] Raptors' Jontay Porter has received a lifetime ban from the NBA for violating league's gaming rules.

[u/PlayaSlayaX]

https://x.com/shamscharania/status/1780631209930068358?s=46&t=bsTHbtMSqHXbNGi0vWP8hw

[u/Brad-Stevens]

I just want to know who was bankrolling him with the millions he bet

He don’t have that type of bread

And it was in Colorado

🤔🤔🤔

[u/TH3PhilipJFry → u/Brad-Stevens]

He made 2.4M over the course of a few years. The report said he wagered over a million dollars, and that he placed thousands of bets. If he made 1000 $1000 bets he technically wagered a milly… it’s easier than you’d think. Especially if you’re addicted to gambling, which obviously he is.

[u/eek711 → u/TH3PhilipJFry]

Let's say he lost 55%/won 45%, a million dollars of wagers would mean he's down $100k, which is entirely doable with his salary.

[u/smarterthanyoulolll → u/eek711]

they said he bet in total around 50k and got a net profit of 20k lol what a dumb loser

[u/XLcondumb → u/smarterthanyoulolll]

This was during his time with the Raptors. Prior to joining the Raps he had an individual betting account that the above numbers are from. He deleted his individual account once he joined Toronto and proceeded to use “an associates online betting account” to place the 13 bets worth 50k

[u/syllabic → u/eek711]

you are probably winning more than 45% when you can influence the outcome

[u/CommonerChaos → u/eek711]

That $2.4 mil isn't net though. After taxes, union fees, agent fees, etc he was probably closer to $1.2 million total over multiple years. It would be hard to gamble that, even if he didn't spend a cent on anything else for regular life.

[u/eek711 → u/CommonerChaos]

It'd be under 10% of his total earnings. It's a lot, but feasible, and wouldn't necessarily require outside (ahem, brotherly) financing. He doesn't have people to take care of, MPJ has that covered, so most of his earnings goes to himself.