Estimated 45M Americans To Bet On March Madness Basketball Tournament
Newsy
According to the American Gambling Association, an estimated $3.1 billion will be legally and illegally wagered on the tournament this year.
About 45 million Americans say they plan to bet on this year's March Madness college basketball championship tournament, and an increasing percentage will do it in a way that doesn't include filling out brackets, according to the gambling industry's national trade group.
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In a report released Sunday night, the American Gaming Association predicted that $3.1 billion will be wagered on this year's tournament, a figure that includes legal bets as well as those placed with illegal bookies or offshore web sites. The report asserts that more than 17% of American adults will place at least one bet on the tournament.
