Americans Will Wager $8.5 Billion on March Madness
2 minutos de lectura
(United States).- Americans plan to wager $8.5 billion on this year's NCAA men's basketball tournament, with 1-in-5 adults placing a bet, according to a new survey released today by the American Gaming Association (AGA).
Key findings from the survey, conducted by Morning Consult, include:
- 47 million American adults will wager $8.5 billion on March Madness;
- $4.6 billion will be wagered on a collective 149 million brackets by more than 40 million people;
- Nearly 18 million people will wager $3.9 billion at a sportsbook, online, with a bookie or with a friend;
- 4.1 million will place a bet at a casino sportsbook or using a legal app;
- 2.4 million will bet illegally with a bookie; and
- 5.2 million will bet online, likely at illegal offshore sites.
- The plurality of bettors favors Duke (29%) to win, followed by Gonzaga (9%), North Carolina (8%), Kentucky (7%), Virginia (5%) and Michigan (5%).
"During this year's tournament – the first in post-PASPA America – sports fans are expected to bet 40% more than they did on this year's Super Bowl," said Bill Miller, AGA's president and chief executive officer. "Unlike any other sporting event in the country, March Madness attracts millions who fill out brackets, make casual bets with friends or wager at a legal sportsbook, which Americans can now do more than ever before."
Since the U.S. Supreme Court's ruling in May 2018, more than $5.9 billion has been wagered in the now-eight states with legal, regulated sports betting, enabling consumer protections and generating valuable tax revenue for state, local and tribal governments across the country.
"These results indicate there's still work to do to eradicate the vast illegal sports betting market in this country, and we're committed to ensuring sound policies are in place to protect consumers, like the 47 million Americans who will bet on March Madness," continued Miller.
Sports betting legalization is currently being considered in 23 states across the country.
Categoría:Gaming
Tags: AGA,
País: United States
Event
GAT EXPO CARTAGENA 2025
28 de April 2025
26th edition of GAT Expo Cartagena closed with great success
(Cartagena de Indias).- The most important fair for the gaming, entertainment, technology and Esports industry in Latin America ended with an excellent commercial balance and testimonials of satisfaction from suppliers and operators, local and international authorities, associations and the main trade unions in the region.
Friday 02 May 2025 / 12:00
Colombian Olympic Committee, GAT Expo, and Colombian Official Esports Announce Historic Partnership to Promote Esports as an Olympic Discipline in Colombia
(Cartagena) - The Colombian Olympic Committee (COC) and GAT Esports have sealed a strategic partnership to promote esports as part of the country's professional sports ecosystem. The announcement was made at a formal ceremony held at the gaming industry products and services exhibition hall, attended by Marco Emilio Hincapié, President of Coljuegos, COC executives, José Aníbal Aguirre, CEO of GAT Esports, media, and special guests.
Wednesday 30 Apr 2025 / 12:00
GAT Expo 2025: Novelties, technology, innovation, and high-level networking in the magical city of Cartagena
(Cartagena, SoloAzar Exclusive).- Today concludes GAT Expo Cartagena 2025, which has taken place this week with the presence of 23 countries and more than 70 international brands in the historic city of Cartagena de Indias, with its cobblestone streets, flower-filled balconies, and centuries-old walls.
Wednesday 30 Apr 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.