NCAA Basketball Tournament Betting At New Jersey Online Sportsbooks
March Madness Gambling trends
According to the American Gaming Association (AGA), Americans bet more than $10 billion on March Madness games every year. Up until this year, approximately $9.7 billion of that money was bet illegally.
Considering that New Jersey and six other states have joined Nevada in launch legal sports betting before the 2019 NCAA Tournament, that number is going to change significantly.
Although, the AGA also estimates 10 percent of Americans age 21 and older, close to 24 million people, bet nearly $3 billion on March Madness mounts through office pools and the like.
Office pool brackets are contrary to the law in most states. But this kind of NCAA March Madness is so ingrained in American culture the amounts are not likely to change.
Forbes Magazine estimates the number of people who will place a minumum of one wager on the NCAA Tournament throughout the globe might be over 100 million.
The road to March Madness
Before the path to March Madness truly begins, college basketball teams normally play a regular season of up to 29 games.
The NCAA selects A total of 68 teams to play or play their way to the NCAA tournament.
The first 32 are automatic bids given to the teams that win their respective conference tournaments, held following the regular season.
Incidentally, you can bet on regular season and conference tournament games at NJ sportsbooks too, provided the games do not take place in NJ or involve NJ-based schools.
The 36 teams are at-large bids.
The at-large bids are usually given to top-ranked teams along with others who had a great regular season but failed to win a conference championship.
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