Discover the Surge: Americans Set to Bet $3.1 Billion on March Madness 2025
Explore the booming trend of legal sports betting this March Madness season as Americans are projected to wager a staggering $3.1 billion on college basketball tournaments, reflecting a significant increase from previous years.
Essential Insights
- Projected legal wagers on this year's March Madness men's and women's college basketball tournaments are estimated at $3.1 billion.
- This figure marks a notable rise from last year's $2.72 billion, as reported by the American Gaming Association.
- Sports betting enjoys legal status in 38 states plus Washington, D.C., following the landmark 2018 Supreme Court decision empowering states to regulate gambling.
In 2024, Americans are anticipated to legally place around $3.1 billion in bets on the thrilling March Madness college basketball events, according to the latest data from the American Gaming Association.
The legalization of sports betting has seen rapid growth since the 2018 Supreme Court ruling, which delegated regulatory authority to individual states. Last year, the total legal wagers on the men's and women's tournaments reached $2.72 billion, while this year's forecast surpasses that by a significant margin. Notably, the projected betting amount more than doubles the $1.39 billion wagered on the recent Super Bowl.
The expanding legal acceptance and increasing popularity of the NCAA Division I women's basketball tournament contribute to this surge in betting activity. Impressively, the women's championship game last year achieved higher viewership ratings than the men's game.
Joe Maloney, Senior Vice President of Strategic Communications at the American Gaming Association, remarked, "March Madness stands as one of the most electrifying periods in American sports, captivating fans with both men's and women's NCAA tournaments. As legal sports wagering broadens across the nation, more enthusiasts than ever can engage in betting responsibly and within legal frameworks."
The unveiling of the men's and women's tournament brackets is scheduled for Sunday, with the men's competition commencing on March 18 and the women's tournament starting the following day.
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