The American Gaming Association estimates that about 45 million people will bet on March Madness this year, dropping north of $3 billion as they do. Wagers placed on games and brackets will be placed in 30 states across the U.S. and in Las Vegas there will be March Madness watch parties to enjoy!
Three billion dollars! That’s how much our friends at the American Gaming Association expect people to bet on the NCAA Men’s Basketball Tournament this year. All that money will come from the 45 million people that the AGA expects to bet on March Madness this year, and that due to the continued expansion of sports betting all across America.
There are now 30 states that regulate the activity with three more set to launch legal regulated sports betting soon and 11 with active legislation to regulate betting on sports. Plus, if you’re planning to head down to Las Vegas to enjoy the tournament and place a few legal bets on the games, our friends at Casino City have compiled a list of the top 10 March Madness viewing parties in Sin City!
And with all our talk about people who will bet on March Madness, it’s probably a good idea to remind professional athletes that it’s most likely not wise to be betting on professional sports games. Especially games you’re playing in, or the games of the team that you play for, regardless of if you’re playing or not. But that’s exactly what NFL star Calvin Ridley did when he bet on games last year involving his own team, the Atlanta Falcons. Now he’s been caught and suspended for an entire season, screwing both him and his team. All for wagers that totaled up to less than $4,000.
