How Much Is Bet on March Madness?

March Madness is one of the biggest sports betting events in the U.S., with billions wagered annually. In 2024 alone, over $15 billion was bet on the tournament, making it a prime event for sportsbooks, office pools, and casual bettors alike. As one of the most unpredictable sports tournaments, March Madness offers endless excitement and surprises especially with the rise of player performance markets, where fans can wager on individual stats like points, rebounds, and assists.

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