Over $15 Billion to be Bet on March Madness

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Estimates from the American Gaming Affiliation are that over $15 billion will likely be guess on March Insanity this 12 months, and that from almost 70 million gamblers throughout the nation. The expansion of bets on the NCAA tournaments has been pushed by a resurgence of bracket contests in addition to Individuals benefiting from the growth of authorized on-line wagering.

Three-fourths of on-line bettors say this would be the first time they guess on March Insanity on-line. Whereas 18 million extra American adults plan to wager on March Insanity in comparison with final month’s Tremendous Bowl, Individuals are anticipated to wager half a billion {dollars} much less on the event than they deliberate to wager on the Huge Recreation.

AGA President and CEO Invoice Miller acknowledged that “March Insanity is likely one of the greatest traditions in American sports activities—and America’s most wagered-on competitors. Critically, the growth of regulated sports activities betting over the previous 5 years has introduced safeguards to greater than half of American adults who can now guess legally of their dwelling market.”

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