Americans Are Projected To Bet $9 Billion On March Madness This Year

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Nice Move

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March Madness is right around the corner, which means that shitty hipster schools that somehow finagled a solid basketball team will suddenly become relevant in a sporting world its students care nothing about. Is it obvious enough that I’m salty my 24-8 Gamecocks got snubbed? It also means that every single American is about to throw bills at their fraternity/office/club pool like it’s grinding a pole.

Despite being inexplicably illegal in most places, we’re about to shell out a collective $9 billion betting on March Madness this year, according to the American Gaming Association. They also say that about 70 million Americans are expected to participate.

From For The Win:

The American Gaming Association (AGA) is estimating that Americans will wager $9.2 billion on March Madness this year. The number marks an increase from 2015, when fans and casual observers alike bet $9 billion, through office pools, Nevada sports books, illicit offshore sites and illegal bookies.

Of the $9.2 billion that will be wagered this year, only about $262 million will be bet legally at Nevada sports books. The total illegal sports betting market in the United States grew to $148.8 billion in 2015.

Gotta love it when the nation comes together to throw a giant middle finger at the law, even if it’s for something as harmless as playing March Madness.

Who ya got, America? I don’t know about y’all, but when it comes to filling out my bracket, I’m as bold as a high schooler with severe acne and poor control over his erections. I select more favorites than when I’m browsing Jen Selter’s Instagram. Don’t chastise me for it. I’m a man of logic with a very limited knowledge of college hoops. Hey, it’s gotta be a better strategy than picking “whichever mascot looks the cutest” (your girlfriend’s game plan).

[via For The Win]

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