Total amount bet on March Madness US 2022

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 2022, it was estimated that 3.1 billion U.S. dollars would be bet on March Madness, showing a significant decline when compared to the 2019 estimate of 8.5 billion U.S. dollars.

Estimated amount of money bet on March Madness in the United States in 2019 and 2022 (in billion U.S. dollars)

Characteristic	Amount bet in billion U.S. dollars
2022	3.1
2019	8.5

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Release date

March 2022

More information

Region

United States

Survey time period

February 26 to 27, 2022

Number of respondents

2,210 respondents

Age group

18 years and older

Special properties

bettors include those who expect to place a bet with a retail sportsbook, online, with a bookie, with a casino sportsbook, casually with a friend or participate in a bracket contest

Method of interview

Online survey

Supplementary notes

2019: survey conducted online between March 1 to 7, among a national sample of 11,002 adults.

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