More Americans plan to bet on the NCAA men's Basketball Tournament than on the Super Bow
According to a survey by the American Gaming Association, more Americans plan to bet on the NCAA men’s basketball tournament than on the Super Bowl. The survey suggests that 68 million American adults plan to wager $15.5 billion on the tournament, with 31 million planning to place a traditional sports wager online, at a retail sportsbook, or with a bookie. Additionally, 56.3 million plan to participate in a bracket contest, and 21.5 million plan to bet casually with friends. Kentucky is the most popular choice to win the national title (9 percent), followed by Texas A&M (8 percent), and Gonzaga, UCLA, and Alabama (6 percent). However, the total amount of money wagered on the tournament is projected to be $500 million less than the $16 billion projected for the Super Bowl. In contrast, Nevada sportsbooks set a March record for basketball handle last year with $709 million in wagers, which equates to $497 million on the tournament, more than three times the amount of money wagered on the Super Bowl at Nevada books ($153.2 million).