By FOX 5 DC Digital Team
It’s time for March Madness. This year’s NCAA Men’s Basketball Tournament will also likely end up being the most bet on sporting event in U.S. history, according to PlayUSA.com.
“The Super Bowl gets a lot of attention for being a big betting event, but March Madness should be three times that,” said Dann Stupp, content manager for PlayVirginia.com and PlayMaryland.com.
Experts estimate that legal wagering on the tourney will approach $3 billion at U.S. sportsbooks. For context, Stupp said this year’s Super Bowl pulled in about $1 billion in bets and last year’s NCAA tournament grossed a reported $1.4 billion in bets.
One big reason for the increase, Stupp said, is there were only 21 legal sports betting jurisdictions at this time last year, but that’s no longer the case.
“When you have 30 states and D.C. now offering it, it’s just kind of American culture at this point,” Stupp said. Continue reading at Fox 5.
Photo: CBS Sports
