Amount bet on March Madness in the U.S. 2019-2024
The NCAA Division I Men's Basketball Tournament, also known as March Madness, is an annual knockout tournament between the best college basketball teams in the United States. While some fans enjoy just watching the games, others also choose to bet on them with the potential to earn money or goods. In 2024, it was estimated that 2.72 billion U.S. dollars would be bet on March Madness in the U.S., showing a significant decrease when compared to the 2023 estimate of 15.5 billion U.S. dollars.