For college kids to bet, hell yeah it is.
Eh, not necessarily. I mean, for an average college kid sure. But for college kids with 1 Mil plus common there way, this is nothing. Don't know exactly where they got the money at the time and I understand that the immediate response is to assume through illegal benefits.
But also keep in mind that these guys are still eligible for student loans. For a 22 year old kid who knows he will be making over a million dollars in less than a year, it's not ridiculous to think that they take out some huge student loan that affords an extremely comfortable lifestyle.
It's not exactly difficult to get student loans these days, so it isn't ridiculous to think that they took out loans of $50,000+ a year. And when all of your tuition and housing is covered, that leaves a ton of money for a 22 year old to have fun with.
Point being, no reason to jump to conclusions of improper benefits unless something more definitive comes out.