The NCAA Division I Men's Basketball Tournament, also known as March Madness, is an annual knockout tournament between the best college basketball teams in the United States. While some fans enjoy just watching the games, others also choose to bet on them with the potential to earn money or goods. In 2024, it was estimated that 2.72 billion U.S. dollars would be bet on March Madness in the U.S., showing a significant decrease when compared to the 2023 estimate of 15.5 billion U.S. dollars.
Estimated amount of money bet on March Madness in the United States in 2019 and 2024
(in billion U.S. dollars)
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American Gaming Association. (March 14, 2024). Estimated amount of money bet on March Madness in the United States in 2019 and 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1296462/total-amount-bet-march-madness/
American Gaming Association. "Estimated amount of money bet on March Madness in the United States in 2019 and 2024 (in billion U.S. dollars)." Chart. March 14, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1296462/total-amount-bet-march-madness/
American Gaming Association. (2024). Estimated amount of money bet on March Madness in the United States in 2019 and 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1296462/total-amount-bet-march-madness/
American Gaming Association. "Estimated Amount of Money Bet on March Madness in The United States in 2019 and 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 14 Mar 2024, https://www.statista.com/statistics/1296462/total-amount-bet-march-madness/
American Gaming Association, Estimated amount of money bet on March Madness in the United States in 2019 and 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1296462/total-amount-bet-march-madness/ (last visited December 30, 2024)
Estimated amount of money bet on March Madness in the United States in 2019 and 2024 (in billion U.S. dollars) [Graph], American Gaming Association, March 14, 2024. [Online]. Available: https://www.statista.com/statistics/1296462/total-amount-bet-march-madness/
