As Mars Madness begins, the world of sports betting is preparing for an unprecedented flow of bets … and this year, you could make extra money from a winning team.
It’s time for madness! Oh yeah, that time of year where we throw ourselves on the wings, drink too much beer and fill our frame for the company office pool.
And that’s not all. Oh no, we’re just getting started!
Thanks to the 2018 Supreme Court ruling, sports betting has been approved in dozens of states across the country – 30 states in total, including 18 states that allow online gambling – meaning between a sip of your favorite drink, you can bet on the game you are watching in real time.
And this new form of mobile sports betting is also a big business.
According to the American Gaming Association (AGA), Americans will gamble $ 3.1 billion during the men’s college basketball tournament this year. This total is expected to include 45 million Americans – 17% of adults in the US!
Our Puritan ancestors were ashamed of us!
The only major event for sports betting is the Super Bowl. According to CBS News, $ 7.6 billion was converted for the big game this year, which saw the Los Angeles Rams defeat the Cincinnati Bengals.
However, there will be more Americans in total – 45 million versus 31 million for the Super Bowl – who will bet on March Madness, but they will make micro bets.
21 million Americans say they plan to make bets that do not involve filling in parentheses that predict the winner of each game. Bracket challenges are so 2020 … keep up with the times, booms!
According to a Morning Consult poll, it is estimated that three-quarters of the total amount wagered on the tournament will not involve brackets, an increase of 55% from last year.
Instead of betting on the winners of the games, gamblers can also bet in real time. Bets can include things like who will make the next shot or how many points a particular player can score during the first half. Everything, it seems, is about to gamble these days.
This is a way to keep viewers engaged from opening the tip until the last buzzer.
Gone are the days when you had to travel to Las Vegas or call your gambling buddy to make a bet, now you can just take out your smartphone and gamble on your time without boarding a plane. Hell, you can make a few bets between the time you place your Uber Eats order and those wings or pizza coming to your front door.
Times have definitely changed, haven’t they?
And the sports betting industry will only continue to grow.
Goldman Sachs predicts the online market could reach annual revenues of $ 39 billion by 2033, which will be a whopping 39 times the current revenue cycle of online gambling.
now It Is a good chunk of change!
So when you eat your wings and drink your beer while gambling on your phone in this vigorous frenzy, you can also impress the brothers with your deep understanding of the sports betting market.
you are welcome.
And that your bracket will forever yield bragging rights in the office.
Americans Go MAD For Sports Gambling During March Madness Source link Americans Go MAD For Sports Gambling During March Madness