March Madness will pack the basketball court with action the next three weeks, and a survey finds 68 million Americans plan to place a bet on one of the games.
March Madness will pack the basketball court with action the next three weeks, with millions of fans nationwide tuning in to watch 68 college basketball teams compete in seven rounds to win the National Championship.
Avello says March Madness is the biggest sports betting event of the year. He says it beats out the Super Bowl because it's a much longer event.This year, 68 million Americans plan to wager $15.5 billion on the NCAA men's basketball tournament, according to a new survey by the American Gaming Association. It also says:
In 2018, the Supreme Court ruled in favor of sports betting. Since then, it's generated more than $3 billion in state and federal taxes nationwide, according to the AGA. States that offer online betting appear to bank more money. Charlie Baker, the former governor of Massachusetts and now the president of NCAA, says he worries about the pressure the millions of dollars of bets puts on young players.
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