Betting on March Madness expected to quintuple in 2023

The amount Americans are expected to wager on this year’s NCAA Men’s Basketball Tournament is expected to be five times higher in 2023 compared to last year, according to data from the American Gaming Association. According to a survey released this weekend, over $15 billion is expected to be bet on March Madness in 2023, which is up from $3.1 billion a year ago.