March Madness Gambling trends

According to the American Gaming Association (AGA), Americans bet over $10 billion on March Madness games each year. Up until this year, roughly $9.7 billion of the money was bet .
Considering that New Jersey and six other nations have joined Nevada in launching legal sports gambling ahead of the 2019 NCAA Tournament, that amount is going to change appreciably.
Although, the AGA also estimates 10 percent of Americans age 21 and older, near 24 million people, bet nearly $3 billion on March Madness mounts through office pools and so on.
Paid office pool mounts are against the law in most states. But this type of NCAA March Madness gambling is so ingrained in American culture the amounts aren’t very likely to change.
Forbes Magazine estimates the number of people who will place at least one bet on the NCAA Tournament across the globe might be more than 100 million.
The road to March Madness
Prior to the road to March Madness begins college basketball teams normally play with a regular season of around 29 games.
The NCAA selects A total of 68 teams to play or play their way.
The first 32 are automatic bids awarded to the teams that win their respective conference tournaments, held after the regular season.
Incidentally, you can bet on regular season and conference tournament games at NJ sportsbooks too, given the games don’t take place in NJ or demand NJ-based schools.
The 36 teams are at-large bids picked by the NCAA Selection Committee.
The at-large bids are usually given to top-ranked teams and others that had a great regular season but failed to win a conference championship.

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