Dying and your Sports Book(s) Accounts

[ace7550]

I've been through the process of administering an estate and the deceased's accounts were all located within the United States and it was not easy, it's a very slow process and the stress almost killed me. In the US, designated beneficiaries supersede a will. If there is no will, there is no executor. The court appoints an administrator to manage the estate. As administrator, I contacted all of the accounts and provided a death certificate and after that they would not speak to me unless it was through an attorney. They would not tell me who the beneficiaries were either. You see it all of the time, JoeBlow gets divorced, remarries but doesn't update his beneficiaries. Ten years down the line he croaks and x-wife gets everything. Now imagine a similar situation with an offshore sportsbook in Costa Rica that is already ignoring US law and will only benefit from the forfeiture your account balance? Yea good luck with that. Like someone said, it's hard enough to get paid when you are the actual person. I'm pretty sure they aren't turning it over to the unclaimed assets division of CR either.
The best advice I've read so far is to keep the majority of your bankroll in a Bitcoin cold storage wallet, with the log in details, recovery phrase, and instructions in a safe deposit box marked important. You keep the physical wallet at home so you can move money in and out but keep all of the details someone would need to use it and its location in the safe deposit box. As for the money left in the sportbooks, let it go. I wouldn't put anyone through the process of trying to recover that money, plus they probably don't even know you are gambling.

One other piece of advice, even if you don't think you need a last will and testament, at the very least, keep your account beneficiaries updated on your 401ks, life insurance, savings, etc. You won't care because you'll be dead but you'll make life much easier on someone else and the money will go exactly where you want it to go.

Good info PD, thank you!

[RudyRuetigger]

yeah and then after i sent a picture the sexting stopped

you seem like a straight male

very glad Juan doesnt text you any more

no need to check your testosterone, that is also confirmation

[pimike]

This is true. My wife trying to make a withdrawal from a book would be a complete shit show

Lol

[seaborneq]

I've been through the process of administering an estate and the deceased's accounts were all located within the United States and it was not easy, it's a very slow process and the stress almost killed me. In the US, designated beneficiaries supersede a will. If there is no will, there is no executor. The court appoints an administrator to manage the estate. As administrator, I contacted all of the accounts and provided a death certificate and after that they would not speak to me unless it was through an attorney. They would not tell me who the beneficiaries were either. You see it all of the time, JoeBlow gets divorced, remarries but doesn't update his beneficiaries. Ten years down the line he croaks and x-wife gets everything. Now imagine a similar situation with an offshore sportsbook in Costa Rica that is already ignoring US law and will only benefit from the forfeiture your account balance? Yea good luck with that. Like someone said, it's hard enough to get paid when you are the actual person. I'm pretty sure they aren't turning it over to the unclaimed assets division of CR either.
The best advice I've read so far is to keep the majority of your bankroll in a Bitcoin cold storage wallet, with the log in details, recovery phrase, and instructions in a safe deposit box marked important. You keep the physical wallet at home so you can move money in and out but keep all of the details someone would need to use it and its location in the safe deposit box. As for the money left in the sportbooks, let it go. I wouldn't put anyone through the process of trying to recover that money, plus they probably don't even know you are gambling.

One other piece of advice, even if you don't think you need a last will and testament, at the very least, keep your account beneficiaries updated on your 401ks, life insurance, savings, etc. You won't care because you'll be dead but you'll make life much easier on someone else and the money will go exactly where you want it to go.

Good stuff PD77. We are all just numbers to the sportsbooks and they make us responsible for our accounts, being dead is not the sportsbook problem.

[Mac4Lyfe]

Most of us don't have enough money in sportsbooks to really matter. Losing a few hundred/thousand dollars is chump change to insurance policies we should all have if you have a family. If it does matter then I would do what Rudy said and just give log in details to someone you trust. They can then transfer the money before your body is cold. If you're carrying a significant balance, I would call the book and make sure that I can add a beneficiary else move my balance elsewhere.

This is a good topic. I actually have a shit load of money in crypto (I bought BTC when it was $5) in cold storage. TBH, I don't really know how to cash out without paying gains? Some are on a Nano Ledger but most are detailed on a very old 486 laptop buried in my office under a very obscure title. I need to list these in our safety deposit box. Thanks op.

[ace7550]

"Very old laptop buried in my office?" Jesus dude. I would not be comfortable with that.
I've had money in btc for a long time too. The only way I can think to try and avoid capital gains is to buy real estate directly with btc. Probably out of the country would be best.

[Big Bear]

Since there has been alot of traffic and conversation about dying lately, I would like to touch on a different aspect of the subject.......and ask some questions. What happens to your sportsbook betting accounts when you die?? Tough to get cash out of them when you are alive, prolly impossible for your heir after you die?? I imagine they would pretty much make it verrry difficult (at best.) Any known safeguards to take with them? Obviously no one has experienced this firsthand, but does anyone know of any second-hand instances, negative or positive? Anyone with input? Something for at least some of us to think about,
This is a serious question, please hold or direct wisecracks to a different forum or thread.

if you die then what difference does it make bc you are in heaven

[HedgeHog]

Good thread, and not the first time this topic has come up. My wife has access to all my sportsbook account info, and I periodically let her request checks from the A+ Books I use. Hopefully she could recover most of our offshore funds this way, and simply deposit the checks in our joint checking account.

[Golden fleece]

Yes a couple.

One was a family member trying to pretend he was the owner to re enable a dead persons account that had gone dormant from inactivity. The book reported him for fraud but they also gave him details for the executor to apply for release of the money. Not sure what happened but it sounded like they would pay if it could be legally proven.

Another one was the cell mate of a prisoner (suspected) who had died and who tried to collect after about 4 or 5 years of the account being dormant.

I have never seen a genuine family member come looking for help. I assume most genuine ones that know accounts exist leave it to the executor to claim.


I have thought more than a few times that millions must be sitting in sportsbook coffers due to deaths. And also wondered why regulators like the UKGC have not mandated all books offer to have a proxy registered who can claim easily once death is proven.

this could be a revenue opportunity for sbr. they could mediate the process for a fee

how nice would it be to just leave a note to your beneficiary that says "contact sbr forum" and then list out the books and account numbers underneath

win win

[THE HITMAN]

Thanks for all the good, info, guys. I considered this a serious subject worthy of discussion. But I figgered sooner or later it would turn into ridiculousness.
That being said, lets say one wanted to contact a few of his higher balanced books about their policies on this, beneficiaries etc. How does one go about getting to talk to someone past the $10 an hour clerk and manager? As one really can"t rely on that info as being totally correct. I tried once many years ago to get a higher up and by one form or another, was shut down.
SBR, chime in here??

[seaborneq]

I'm not dead yet. I wonder if everyone who posted in this thread still feels the same as they did when this thread started. I doubt if anyone could get anything out of my account even with my laptop.

[Snowball]

Thanks for all the good, info, guys. I considered this a serious subject worthy of discussion. But I figgered sooner or later it would turn into ridiculousness.
That being said, lets say one wanted to contact a few of his higher balanced books about their policies on this, beneficiaries etc. How does one go about getting to talk to someone past the $10 an hour clerk and manager? As one really can"t rely on that info as being totally correct. I tried once many years ago to get a higher up and by one form or another, was shut down.
SBR, chime in here??

This depends upon whom your balance is with. If your balance is with a state book run by a major casino operator, that's the best case.
It's a bank account with benefits. For example: https://www.vippreferred.com/en

[texhooper]

Whatever it is put it in a ziplock bag in a safe with a sticky note marked *VERY IMPORTANT* and nothing will go wrong

[DontTailMe]

I'm not dead yet. I wonder if everyone who posted in this thread still feels the same as they did when this thread started. I doubt if anyone could get anything out of my account even with my laptop.

I haven't seen any tangible changes. My assumption is the same as it was back in 2020. Given my laptop and clear instructions, some books will be easy and a few might not work.