Boat Sinks in White Marlin Open

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Very competitive tournaments. I don't know how much money involved in this one but I've known one winner of $500,000 and that's without all the side bets made. I suspect some prizes go up to $1 million. Participants pay dearly to compete as well though. Definitely not a profitable business.
Maybe not profitable for competitors, but how about the event operators?
 
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