Tag: March Madness Betting
March Madness Betting to Hit $2.7 Billion
According to our friends at the American Gaming Association, legal betting at regulated sportsbooks on this years March Madness betting is expected to exceed $2.7 billion, which would make the total nearly twice as much as what was bet on the Super Bowl this year. Of course, the Super Bowl was just one game, while this is both the men’s and women’s tournaments, with over 120 teams, so that stands to reason. The AGA’s analysis pulled together monthly sports betting revenue reports from various states, focusing on bets placed for NCAA basketball tournament games with American sportsbooks. Up to this…
70 Million March Madness Bets!
This week’s gambling news finds that more people will place March Madness bets this year than on the Super Bowl! And the continued growth of sports betting is pushing those numbers higher all the time! We discuss this trend and gambling news from New Jersey and Nevada! Hello friends! And welcome to This Week in Gambling, where the NCAA basketball tournament is well underway, and wow! Purdue: Gone! Virginia: Gone! Kansas and Arizona: Gone! It’s Madness, I tell you! Madness! This week’s big story finds several major upsets as we reach the Sweet 16. And whether or not that’s a…
Bally’s March Madness Betting with Free Bracket Game
It may not be traditional March Madness betting, but Bally’s Interactive has announced the launch of their Bally Bracket – which is a free-to-play game awarding a jackpot prize of $100 million to the lucky players who correctly pick all 63 games of the NCAA Men’s Division I Basketball Tournament! The Bally Bracket will also award $100,000 in additional cash prizes, given out at random and in the following increments: (i) one $50,000 winner; (ii) one $25,000 winner; (iii) two $10,000 winners; and (iv) one $5,000 winner. “The NCAA tournament is always an enjoyable time of year as people gather…
97% of March Madness Betting Will Be Illegal
The American Gaming Association (AGA) estimates that March Madness betting will exceed $10 billion on the upcoming 2018 NCAA men’s basketball tournament. Of that $10 billion, only about $300 million – or three percent – will be wagered legally through Nevada sports books. Americans illegally bet at least $150 billion annually on sports, empowered by the Professional and Amateur Sports Protection Act of 1992 (PASPA), a failed federal prohibition on single-game sports betting. Illegal wagering is often done through bookies, on illegal offshore websites, or through sports pools like popular March Madness basketball bracket pools. According to a recent legal…
