NCAA Tournaments to See Record Betting, Doubling Super Bowl Wagers
With legal sports betting now available in 38 states, the NCAA basketball tournaments are expected to attract nearly $3 billion in bets.
- Americans are projected to wager nearly $3 billion on the NCAA men's and women's basketball tournaments, nearly doubling the amount bet on this year's Super Bowl.
- The American Gaming Association estimates a 55% increase in legal sports betting on the tournaments compared to the Super Bowl, with $2.72 billion expected to be wagered.
- Legal sports betting is now available in 38 states and Washington D.C., contributing to the surge in betting activity.
- The NCAA tournaments offer a total of 134 games, providing numerous betting opportunities and making it a significant event for sports bettors.
- Last year, an estimated 68 million Americans bet $15.5 billion on the men’s college basketball tournament, indicating a growing trend in sports betting.