Group predicts $9 bil. in March Madness wagers
By J.D. Morris, Las Vegas Sun
The American Gaming Association is again using a major athletic event to draw attention to sports betting, this time estimating that Americans will wager upwards of $2 billion through more than 70 million brackets on this year’s March Madness college basketball tournament.
The Washington, D.C.-based trade group for the casino industry announced its predictions in research released today.
Beyond just the amount bet through brackets, the association expects the total amount wagered will reach $9 billion, including $240 million bet at sports books in Nevada.
