Las Vegas still center court for March Madness despite sports betting expansion

Las Vegas still center court for March Madness despite sports betting expansion

Article brief provided by The Nevada Independent
  • Howard Stutz, The Nevada Independent
March 18, 2023 5:30 PM
  • Howard Stutz, The Nevada Independent

Legal sports betting is available in 33 states. But when it comes to March Madness, Las Vegas is still the No. 1 destination for college basketball fans.

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It’s tough to buck tradition.

The NCAA men’s basketball tournament [tipped] off this week and Southern California independent advisory firm Eilers & Krejcik Gaming projects almost $2.6 billion will be wagered on the 67 games scheduled to be played over the tournament’s 18 days.

The analysts predicted that Nevada sportsbooks — predominantly in Las Vegas — would take in more than $361.8 million in wagers on March Madness, the highest amount of any state and nearly 14 percent of the expected national wagering total.