$2.72 billion expected to bet on March Madness as online sports betting legalization grows

March Madness, also known as the NCAA Men’s and Women’s Division I college basketball tournament, attracts millions of viewers, but this year, it is also expected to attract millions of dollars in wagers as online sports betting grows nationwide.

The American Gaming Association estimates that adults will legally wager $2.72 billion on the men’s and women’s tournaments, which begin this week. The roughly monthlong tournaments are expected to garner nearly double the estimated $1.4 billion in legal bets on this year’s Super Bowl, as states legalize sports betting in the aftermath of the 2018 Supreme Court decision that struck down the federal ban on sports betting.

Cait DeBaun, vice president of strategic communications and responsibility at the American Gaming Association, told the Washington Examiner that the growth in legal sports betting has been aided by the continued
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