Wagers Already Pouring In For March Madness

The NCAA Tournament starts in full on Friday, and the First Four games will be held Thursday night. That can mean only one thing -- it's time to place your bets.

And according to PokerNewsDaily, the bets are indeed already being placed in droves. Undoubtedly, many more are on the way.

"American Gaming Association (AGA) estimates that 47 million Americans plan to bet on March Madness this year," PokerNewsDaily wrote. "That’s actually just about the same as it was in 2019, but obviously an infinite increase from last year."

Also per the AGA, 36.7 million Americans will fill out tournament brackets. That's actually a slight decrease from 2019, the last time the tournament was held.

"But that isn’t necessarily because of a lack of enthusiasm, but rather because office pools won’t be as prevalent this year with so many people working from home," PokerNews Daily reported.

Along with brackets, there will also be plenty of "traditional" bets taking place -- legally or otherwise. According to the AGA, 30.6 million Americans will bet on the tourney in traditional fashion, a dramatic increase from the 17.8 million who were estimated to have done so in 2019.

"The rapid spread of legalized sports betting in the United States – about half the states now have legal wagering – is the primary reason for the surge," PokerNewsDaily wrote.

The AGA’s survey indicates that 17.8 million people will place online bets.

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