A sports betting insider says the NCAA Men’s Basketball tournament should easily quadruple what was bet in Illinois on the Super Bowl. The tournament kicked off in earnest Thursday and will go until a champion is crowned April 4 in New Orleans.
Joe Boozell from PlayIllinois.com expects $275 million to be bet on the tournament in Illinois, a significant jump from last year’s $200 million. Nationally, between $2.5 billion and $3 billion is expected to be wagered at legal sportsbooks, a significant jump from the $1.4 billion placed on last year’s NCAA tournament. Last year because of the pandemic, all games were played in Indiana. This year, six tournament sites will host games in legal sports betting jurisdictions.
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