March Madness Gambling trends
According to the American Gaming Association (AGA), Americans gamble over $10 billion on March Madness games every year. Up until this season, approximately $9.7 billion of that money was bet .
Considering that New Jersey and six other nations have joined Nevada in launch legal sports betting before their 2019 NCAA Tournament, that amount is going to change significantly.
Although, the AGA also estimates 10% of Americans age 21 and older, near 24 million individuals, bet nearly $3 billion on March Madness mounts through office pools and so on.
Office pool brackets are contrary to the law in most states. This kind of NCAA March Madness is ingrained in American culture that the amounts aren’t likely to change soon.
Taking it even further, Forbes Magazine estimates the percent of individuals that will put at least one bet on the NCAA Tournament might be over 100 million.
The road to March Madness
College basketball teams normally play a season of up to 29 games before the path to March Madness starts.
The NCAA selects A total of 68 teams to play or play their way.
The first 32 are automatic bids awarded to the teams that win their respective conference tournaments, held following the regular season.
Incidentally, you can bet on regular season and conference tournament games in NJ sportsbooks too, provided the games do not take place in NJ or demand NJ-based schools.
The 36 teams are forecasts chosen by the NCAA Selection Committee.
The at-large bids are typically given to top-ranked teams and others who had an outstanding regular season but failed to win a conference championship.
Read more: montanayouthrugby.org
Leave a Reply