In a report released Sunday night, the American Gaming Association predicted that $3.1 billion will be wagered on this year’s tournament, a figure that includes legal bets as well as those placed with illegal bookies or offshore web sites.
ATLANTIC CITY, New Jersey — About 45 million Americans say they plan to bet on this year’s March Madness college basketball championship tournament, and an increasing percentage will do it in a way that doesn’t include filling out brackets, according to the gambling industry’s national trade group.
“There’s no doubt this year will generate the highest legal handle in March Madness history,” said Bill Miller, the association’s president and CEO, referring to the total amount wagered on the tournament. Nearly 21 million Americans say they plan to make bets that do not involve filling out brackets that predict the winner of each game up to and including the eventual champion, which has always been a popular method of betting on the tournament.
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