Life

There’s been a lot of anticipation about the revenues that would be generated once sports betting is legalized in the US. While some states prepared for the expected revenue increase, others were wary about it.

It is a known fact that illegal gambling

brings in a lot of money. That’s the reason that many people believe legalized sports betting would be profitable. However, this equation is not as easy as it seems. This is because there are a lot of indices that affect the profitability of any enterprise.

The infographics below by NJ Games is meant to help you understand the economic ramifications of legalized sports betting. But before we get into it, let’s give you a summary.

Understanding the Dynamics of Legalized Sports Betting

Just like the days of the Californian

gold rush, the days ahead would witness a lot of wild drama. There are a lot of players in the field of sports betting: the bookie, the bettor, the bookmaking giants, and even the government. All would seek for ways to get a cut of the pie. This would, of course, lead to a lot of wheeling and dealing.

How would the sports leagues make the kind of profit they feel is worthwhile? How would they combat the issue of illegal sports betting that has already gained ground? These are some of the questions the leagues and fans are faced with. This is mainly because even highly rated legal bookies seldom
make anything higher than 5% net profit per year.

Furthermore, some states are considering the issue of “integrity fees”. These are fees that would be paid to the leagues for supervising some exceptional betting activities. This fee is the charge for providing statistical data and would make it even harder for the bookies to compete favorably with illegal sports betting operators.

While optimism about the profitability of legalized sports betting is high, there are still some lingering doubts.

Check out this infographic and get deeper insights into the economic ramifications of legalized sports betting.

Another month has passed and just like the month before, you managed to set 20% of your paycheck aside for your emergency fund. Now it’s been two years and your emergency fund is actually starting to be big enough. The next money you put aside – should you use it for travelling, should you buy something nice (although, maybe useless) for yourself, should you give it to charity? All of them are good options, but there’s also (at least) one other option. Now that you have your emergency fund built, and you really should keep that money safe, you could start thinking of using all the future “spare money” to try to earn with it. To make it grow. And there are several ways of doing that.

Obviously, you could consider playing Powerball online and although the odds are low, the size of your potential winnings is unimaginable. But that’s not really growing your money, that’s hoping for the best. For actually growing your money there are a few different options.

Investing in stocks
It doesn’t necessarily need to be stocks, it could also be forex or cryptocurrencies as well. But investing in stocks is usually a lot better option, because there are some important differences between stocks a cryptocurrency market. Investing is long-term, and you should choose stocks with huge potential. Even if you see actual results only in 10 years time. At this point one good bet would be anything related to Elon Musk. But that’s just my personal take.

Real Estate
While we’ve all heard of and been part of the booms and crashes, by the end of the day real estate market is the best market to invest in. The safest one. Long-term real estate prices are growing. Obviously you still need to do your research about where to buy and for what prices, but in general even today it’s the most fool-proof option. The negative side is that investing in real estate usually assumes a huge investment, at least compared to stocks or cryptos.

Loans
There are a number for crowdfunding lending sites out there which according to a number of friends of mine can actually give you a return of anywhere between 5 and 20% a year. Which is a pretty decent ROI already. Of course, should you join any such platform – again, firstly do your due diligence and make sure the platform is legit. And never lend all of your money to one person but rather split it between 50-200 different people. So that even if some loans will go bad, and they will, you’ll still be making money, not losing it.

Even if the budget is too tight or one cannot spare a lot of money to travel, with such advanced technological advancements in flight industry, one can easily book Flights from Dubai to London at a cheap price. Because London is a city very distinct from any other city in the world, it can be argued that if one has the budget to visit one place in the entire world it should be London. So one should just directly book a hotel and go away on a long tour to the magnificent London city.

There are countless reasons to visit London. London has everything for everyone. For architecture and building lovers London has so many amazing beautiful sights like the Big Ben, the London Eye, Tower of London, Buckingham Palace and a lot of other place. And how can one forget the iconic red double-decker bus which connects all these places making it so easy for the tourists to visit this lovely city without having to worry about getting lost.

One can avoid large amount of shopping when they are on a strict budget or buy only the best but few things without having to burn a large hole in the pocket while they are in London because this city provides the best shopping experience for men, women and kids everyone. The Carnaby Street boutiques will offer something for everyone. And if one is on tighter budget they will be shocked by how low prices can get in Knightsbridge area. Londoners work hard but they party harder which is why London is the hotspot for night owls in the entire world.

One can find everything at night in London. From classic pubs to dive bars to theatres packed with stars. Whenever one visits London, they must book tickets for at least one evening show. Shows like West End musical, standup comedy shows and live concerts offer the best experiences. And it just doesn’t end here there are countless other things to do in London. One just has to make up their mind and book Flights from Dubai to London which fly daily.

Have you ever had a rough financial month, where several unexpected expenses came up, leaving you desperately waiting for your next paycheck? Unfortunately, no matter how well you budget, there will always be uncontrollable expenses that arise. The good news is you can better prepare yourself financially with affordable and low-risk lending options that can be accessed when certain expenses occur. So, have in mind some of the unexpected expenses to plan ahead of time.

School

The high cost of education can be surprising to many. While tuition fees can be expensive, they mostly never factor for additional costs such as books, remedial classes, and dorm necessities. Loans from entities such as KingOfKash.com are an effective and simple way to cushion your savings without having to dig into your savings account.

Car Repair

Cars break down when you least expect it, and admittedly, it can be one of the most inconvenient expenses. Not only can you perform regularly scheduled maintenance on your car and ensure that your vehicle is running at maximum capacity, but you can also plan to have unexpected equipment failures sometime in the year which will need a short-term loan to have it fixed.

Medical bills

Just like car breakdowns, medical emergencies tend to arise unexpectedly and need urgent attention. The thought can be frightening if you lack substantial savings or health insurance to cater for unexpected injuries or illnesses. You can keep your family’s health a top priority by making sure you have adequate insurance and a trusted lender in mind to help you meet your financial obligations. Be it a personal loan or credit, you can get money at the time of need without having to wait for days.

Repair Costs

Home appliances such as washing machines, air conditioners, dishwashers and water heaters die at the worst unexpected moment. These repairs or replacements are not only urgent but costly. A short-term loan can be a lifesaver in some repair circumstances, so ensure to factor in the cost of most home replacements which can incur hundreds to replace.

House Payments

You may have everything worked out when the time comes to buying a home, but there’s always something you’re likely to forget. Most first time homeowners are often awed by all the unexpected expenses they have to clear. By having a reliable source of funds, you will be able to settle any recurring expenses such as high utility bills and mortgage payment.

Various demanding situations strike when you’re least prepared. And while you can’t always plan for the unexpected, you can plan to be well prepared. Preparing today for tomorrow’s unknown will put you in a position to respond faster and make better decisions when the time comes. If building up on your savings is not enough, you can explore other credit options to get you the cash you need to get you through even if you have bad credit. Keeping in mind the unexpected expenses highlighted above will help you prepare in advance so you can ensure your budget remains on the right track.