March Madness betting expected to hit $9.2 bil.
By J.D. Morris, Las Vegas Sun
Americans are expected to bet $9.2 billion on March Madness this year, according to an estimate released today by a Washington, D.C.-based lobbying and trade group for the casino industry.
The projection from the American Gaming Association includes wagering through office pools, legal Nevada sports books, offshore sites and illegal bookies.
It marks an uptick from last year, when the association said Americans would bet $9 billion on the annual college basketball tournament.
