
Here's How Much Americans Are Expected to Legally Bet on 'March Madness'
- Investopedia
Sports betting is now legal in 38 states plus Washington, D.C., after a 2018 Supreme Court decision left the issue for states to decide. An estimated $3.1 billion will be legally bet on this year's "March Madness" men's and women's college basketball tournaments. That's up from $2.72 billion last year, according to estimates from the American Gaming Association.