Amount bet on March Madness in the U.S. 2019-2024

Published by Statista Research Department, Apr 16, 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.

Estimated amount of money bet on March Madness in the United States in 2019 and 2024 (in billion U.S. dollars)

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Release date

March 2024

Region

United States

Survey time period

2019 to 2024

Supplementary notes

Figures for years prior to 2024 come from earlier releases.

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Topics

March MadnessNational Basketball Association (NBA)BasketballCollege sports in the U.S.Colleges and universities in the United States
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