This just my opinion so take it with a grain of salt. Many anglers on the Elites are actually not that well of financially, although the people that do well consistently can pay their way more than new anglers or ones that don't do well often. I do know many Elite anglers and most are very down to earth guys that came up from humble beginnings, but with many colleges and high schools starting to get well-known fishing teams its going to start being alot harder for the average joe to enter the opens and be able to compete against anglers of similar skill.
I fish on the Michigan Collegiate Bass Circuit and many of my competitors and friends fish out of hand me down boats fiberglass boats and most fish out of john boats and other aluminum boats. I, being a college angler in Michigan know many of my competitors now are like many that fish in the opens, but more and more are getting the latest and greatest things being able to outclass many anglers just because they can get to a spot first that they found using their superior fish finders. Although I have no room to talk, I definitely don't have the fastest or biggest boat on our tour, nor do i have the slowest. this year we had four events and one school in our series has fishing as a varsity sport and they get new wrapped ranger boats and trucks, gas, and all of that paid for plus their tuition, so they immediately have an advantage over other teams, but they dont get to keep any of their tournament winnings, it all goes to the school, which isnt much money in my league.