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March Madness Gambling trends

According to the American Gaming Association (AGA), Americans bet over $10 billion on March Madness games every year. Up until this season, 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 before the 2019 NCAA Tournament, that number is about to change significantly.
Although, the AGA also estimates 10% of Americans age 21 and older, close to 24 million individuals, bet nearly $3 billion on March Madness brackets through office pools and so on.
Office pool brackets that are paid are contrary to the law in most states. This type of NCAA March Madness is ingrained in American culture the amounts aren’t likely to change.
Taking it further, Forbes Magazine estimates the percent of individuals that will place at least one bet on the NCAA Championship might be over 100 million.
The road to March Madness
College basketball teams normally play with a season of up to 29 games prior to the road to March Madness begins.
A total of 68 teams are selected by the NCAA to play or play with their way.
The first 32 are automatic bids given to the teams that win their respective conference tournaments, held following the regular season.
Incidentally, you can bet on regular season and conference tournament games in NJ sportsbooks as well, given the games do not occur in NJ or involve NJ-based schools.
The 36 teams have been forecasts.
The at-large bids are typically awarded to top-ranked teams and others who had a great regular season but failed to win a conference championship.