Billy Walters, a legendary figure in the world of sports betting, has long been synonymous with success and controversy. With a career spanning decades, Walters has amassed considerable wealth through his strategic wagers and keen insights into the sports betting market.
However, his journey has not been without its challenges, including legal battles and scrutiny from authorities. As speculation swirls about his net worth, delving into the financial legacy of Billy Walters offers a glimpse into the highs and lows of a man who has left an indelible mark on the gambling world.
This article explores Billy Walters’ net worth, shedding light on the complexities of his financial empire.
Billy Walters Net Worth in 2024
Billy Walters is an American businessman, sports bettor, and producer with a $200 million net worth, according to Celebrity Net worth. Billy Walters is known as one of the most famous gamblers in the history of sports betting. Billy has made much money by betting on sports and putting that into more standard investments.
Walters now owns golf courses, real estate, car dealerships, and more than one house. He says he made money betting on football and basketball for 37 years.
Billy was a part of the Computer Group, a betting system based on statistical analysis that started in Las Vegas in 1980 and made millions of dollars a year.
In April 2017, a three-week New York Federal court trial found him guilty of betting on inside information. Between 2008 and 2015, Billy was accused of using insider information to make $40 million in illegal earnings.
He got five years in jail, but because of the COVID-19 pandemic, he got out early. In January 2021, Donald Trump cut Walters’ term short.
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Billy Walters: Insider Trading
In April 2017, Billy was found guilty of insider trading because he used information from Dean Foods board member Thomas C. Davis that wasn’t available to the public. He had to pay a $10 million fine and spend five years in jail.
From 2008 to 2014, Davis used a cheap cell phone to tell Billy inside information that helped him make more than $30 million in profits and avoid more than $10 million in losses.
Walters filed a lawsuit in October 2020 against “five senior federal law enforcement officials,” including the former U.S. Attorney for the Southern District of New York, Preet Bharara, accusing them of covering up illegal leaks of false information to the media and lying to the federal court about it.
Because of the COVID-19 outbreak, he was moved from the Federal Prison Camp in Pensacola to his own home in May 2020. Trump changed the terms of his sentence in January 2021.
Billy Walters: Real Estate
At the beginning of 2016, Billy and Susan put their Henderson, Nevada, home with 8,299 square feet on the market for $4.9 million. The house was built in 2004 and has six bedrooms and eight bathrooms. It is in the Terracina gated neighbourhood.
In September 2020, the couple put their California home with 10,000 square feet on the market for $26.95 million. The five-bedroom, nine-bathroom waterfront home was built in 2007 and is on 1.5 acres.
The year before, Billy and Susan tried to sell their 21,000-square-foot Rancho Santa Fe home for $20 million, but it didn’t sell. So, in 2014, they put it up for sale. In the end, the house sold at auction for $13 million.
Final Words
In the world of sports betting, Billy Walters is a hero. He also plays golf a lot. He said that he had made more than $400,000 on a single hole and as much as $1 million in a single game. Also, he said that he had lost $1 million in a casino game the same night.
He plays craps, blackjack, and poker when not playing golf or betting on sports. According to estimates, he owns seven homes and a private jet worth about $20 million. According to estimates, as of 2023, Billy Walters is worth more than $200 million.
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