{"id":8742,"date":"2015-03-13T15:51:39","date_gmt":"2015-03-13T15:51:39","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2015\/03\/13\/group-predicts-march-madness-wagers-will-hit-9-billion\/"},"modified":"2015-03-13T15:51:39","modified_gmt":"2015-03-13T15:51:39","slug":"group-predicts-march-madness-wagers-will-hit-9-billion","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2015\/03\/13\/group-predicts-march-madness-wagers-will-hit-9-billion\/","title":{"rendered":"Group predicts March Madness wagers will hit $9 billion"},"content":{"rendered":"


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\n\tBettors stand in line to make their wagers at the LVH sports book during the second round of the NCAA basketball tournament Thursday, March 20, 2014.<\/span><\/p>\n

\tThe American Gaming Association is again using a major athletic event to draw attention to sports betting, this time estimating that Americans will wager upwards of $2 billion through more than 70 million brackets on this year\u2019s March Madness college basketball tournament.<\/p>\n

\tThe Washington, D.C.-based trade group for the casino industry announced its predictions in research released today.<\/p>\n

\tBeyond just the amount bet through brackets, the association expects the total amount wagered will reach $9 billion, including $240 million bet at sports books in Nevada.<\/p>\n

\tMarch Madness in Las Vegas<\/p>\n

\tPatrons celebrate Dayton’s upset of Ohio State during the second round of the NCAA basketball tournament Thursday, March 20, 2014 during a party at the South Point. Launch slideshow \u00bb
\n\tThe association pointed out that the 70 million brackets it\u2019s anticipating are greater than the number of votes received by either President Barack Obama or Mitt Romney in the last presidential election.<\/p>\n

\t\u201cSports betting has played a major role in making March Madness the big-time event it is today,\u201d Geoff Freeman, the association\u2019s president, said in a statement. \u201cWith more people filling out brackets than casting a ballot for President Obama \u2014 who makes his NCAA predictions in the Oval Office each year \u2014 it\u2019s clear that Americans embrace gaming.\u201d<\/p>\n

\tThe association\u2019s March Madness predictions follow estimates it released about illegal sports betting in the lead-up to this year\u2019s Super Bowl. Then, the association predicted that Americans would illegally wager $3.8 billion on the game.<\/p>\n

\tToday\u2019s research comes from a poll conducted by GfK Custom Research North America, which conducted 1,000 interviews of adults age 18 and older. About half were men and about half were women, and the interviews were \u201cweighted to ensure accurate and reliable representation of the total population,\u201d the association\u2019s statement said.<\/p>\n

\tThe poll also determined that nearly 40 million U.S. residents will complete brackets, with the average bet per bracket totaling $29, and half of all viewers of March Madness have completed a bracket at least once.<\/p>\n

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Bettors stand in line to make their wagers at the LVH sports book during the second round of the NCAA basketball tournament Thursday, March 20, 2014. The American Gaming Association is again using a major athletic event to draw attention…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-8742","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=8742"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8742\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=8742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=8742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=8742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}