A former mayor of San Diego took $2.1 million (£1.35 million) from her late husband’s charitable foundation during a decade-long gambling spree when she wagered and won sums totally more than $1 billion.
Like, totally. Sadly, Valley Speak is from LA, not San Diego.
Her net gambling losses topped $13 million from 2001 to 2009, her lawyer said.
That’s interesting though. The losses were something like 0.13% of the turnover. A billion turnover to lose $13 million?
Worth recalling this sort of thing when discussing gambling. There’s a vast difference between turnover, or the amount gambled, and net losses (or income to the casinos and bookies). You’ll find the former number usually being the one talked up of course.