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Here’s How Much Americans Are Expected to Legally Bet on ‘March Madness’
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Key Points
- It is estimated that it will legally place $3.1 billion in this month’s “March Crazy” men’s and women’s college basketball games.
- According to the Gaming Association estimates, that is more than $2.72 billion last year.
- After the 2018 Supreme Court ruling made states ruling, sports betting is now legal in 38 states and in 38 states in Washington, D.C.
According to estimates released by the American Games Association on Thursday, this year’s “March Crazy” college basketball game is expected to legally place about $3.1 billion.
Legal sports betting It has exploded since the Supreme Court’s ruling in 2018. last year, Group estimates Both tournaments will bet totaling $2.72 billion on legal grounds, while $1.39 billion of $3.1 billion is more than double the AGA’s estimate of $1.39 billion on legal grounds Bet on Super Bowl last month.
The growing legality and popularity of the NCAA Level I Women’s Basketball Championship is a factor expected to drive more betting activities this year. Last year, the Women’s Championship had higher ratings than men.
“March madness is one of the most exciting times in American sports, with fans thrilled for the men’s and women’s NCAA Championships,” said Joe Maloney, senior vice president of strategic communications. “As legal betting expands across the United States, more fans can bet legally and responsibly than ever before.”
Men’s and women’s brackets will be unveiled on Sunday. The men’s championship will begin on March 18, while the women’s championship will officially drop in a day later.
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