BELOW SUPERNAV drop zone ⇩

March Madness expected to generate $3.1B in legal wagering

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

ovp test

mLife Diagnostics LLC: Oral Fluid Drug Testing

Male shot by female at Shreveport apartment

Class to create biodiverse backyard

Rules for outbursts at Caddo School Board Meeting

BE - Test Share

More Sports

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

LAS VEGAS (NewsNation) — March Madness is in full swing, with do-or-die match-ups; the second round tipped off Saturday.

The fear of choosing teams incorrectly hasn’t stopped millions from trying their hand at sports betting all across the U.S.

2022 is predicted to be a massive year for NCAA tournament betting. Since last year’s event, 29 million more Americans can legally wager in their home state.

The American Gaming Association predicts around 45 million people will bet on this year’s tournament, wagering $3.1 billion.

Sports betting is legal in more than 24 states in the U.S., though many have only in-person betting.

Aside from the in-person sportsbooks, sports betting websites are trying to reel in new customers by offering promotions. For example, FanDuel, one of the premier online sportsbooks in the U.S., offers $150 in free bets for anyone who has a $5 wager on any March Madness money line.

Bookmakers at Westgate Superbook, the largest sportsbook in Las Vegas, told NewsNation they face the difficult task of setting the betting lines and making it attractive for customers to come in and put their money down.

“And we just got to go with it, you know. Sometimes, we’re, most of the time, spot-on; and other times, we might be off maybe a couple here and there, but we have a lot of competence in our numbers,” one bookmaker said.

One of the more interesting shifts that can be seen across America is that fewer people are participating in those online bracket pools. Instead, as more states come online across America legalizing sports gaming, many bettors are attracted to the single-game action. That means betting on the spread, betting on the money line, and betting on some of those other single-game contests.

Sports

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Mist

la

57°F Mist Feels like 57°
Wind
0 mph ESE
Humidity
92%
Sunrise
Sunset

Tonight

Cloudy. Low 52F. Winds light and variable.
52°F Cloudy. Low 52F. Winds light and variable.
Wind
3 mph WSW
Precip
7%
Sunset
Moon Phase
Waning Crescent