{"id":2203598,"date":"2024-03-21T17:08:02","date_gmt":"2024-03-21T21:08:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wagering-on-march-madness-likely-to-break-record-amid-sports-betting-wave\/"},"modified":"2024-03-21T17:14:54","modified_gmt":"2024-03-21T21:14:54","slug":"wagering-on-march-madness-likely-to-break-record-amid-sports-betting-wave","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wagering-on-march-madness-likely-to-break-record-amid-sports-betting-wave\/","title":{"rendered":"Betting on March Madness set to shatter records amidst surge in sports wagering"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwagering-on-march-madness-likely-to-break-record-amid-sports-betting-wave%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2203598&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Sports Betting Frenzy: March Madness Set to\u200b Smash Records<\/h2>\n<p>As \u200dmore states give the\u2062 green light \u200bto <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-tool-will-allow-college-athletes-to-report-gambling-suspicions-to-a-sports-wagering-monitor\/\" title=\"College athletes can now report gambling suspicions to a sports wagering monitor using a new tool.\">sports wagering<\/a>, this \u200cyear&#8217;s March\u2062 Madness is gearing up \u200dto\u2062 break betting\u2063 records anew. With an \u2064estimated $2.72 billion in legal bets anticipated on the NCAA men&#8217;s and women&#8217;s \u200dbasketball tournaments, the craze \u200bis in full swing.<\/p>\n<blockquote>\n<p>&#8220;I think it&#8217;s a pretty\u200d reasonable expectation that this year will produce record amounts of legal wagering,&#8221;<\/p>\n<footer>Geoff\u200b Zochodne, Sports Betting Expert for Covers<\/footer>\n<\/blockquote>\n<p>The surge in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/america-gambles-with-its-future\/\" title=\"America Gambles With Its Future\">legal <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/espn-cancels-betting-analyst-over-nine-year-old-tweets\/\" title=\"ESPN Cancels Betting Analyst Over Nine-Year-Old Tweets\">sports betting<\/a><\/a> is palpable, with new states joining the fray year over year. The momentum continues\u2062 to build, \u200bwith experts forecasting a banner year for the 2024 tournaments.<\/p>\n<h3>Expanding Reach of Legal Sports Betting<\/h3>\n<p>Since the\u200c pivotal Supreme Court ruling in 2018 that overturned the ban on sports betting, the landscape has evolved rapidly.\u2063 States like Kentucky and North Carolina have recently embraced online sports wagering, adding more fuel to the March Madness fire.<\/p>\n<ul>\n<li>Kentucky boasts three competitive teams in the mix: No.\u2064 3 seed Kentucky, No. 14 seed Morehead State, and No. 15 seed Western Kentucky.<\/li>\n<li>North Carolina fields three contenders as well: No. 1 seed \u2064North Carolina, No. 4 seed Duke, and \u200dNo. 11 seed North Carolina State.<\/li>\n<\/ul>\n<h3>High Stakes \u200cand Big Payoffs<\/h3>\n<p>Johnny Avello, the director of DraftKings&#8217; race and \u2064sportsbook operations, is eyeing a record-breaking March Madness season. With a plethora of betting options available, \u200bincluding enticing prop bets, the thrill of the tournament extends far beyond the courts.<\/p>\n<p>&#8220;This takes place over a three-week period. It&#8217;s the biggest annual event of\u200c any\u200c given year for us,&#8221; Avello highlighted, emphasizing the tournament&#8217;s\u2064 allure compared to other major sporting\u200d events.<\/p>\n<p>This year, the NCAA tournaments are projected to attract\u200c nearly double \u200dthe wagers \u2062seen during the Super Bowl, underscoring the widespread appeal of the March Madness betting extravaganza.<\/p>\n<h3>March Madness and Women&#8217;s Basketball<\/h3>\n<p>Notably, the women&#8217;s NCAA\u2063 tournament is gaining \u2064traction, drawing\u2063 increased attention and wagers.\u2063 Star players like\u2063 Caitlin Clark and Angel Reese are fueling the excitement, with betting on women&#8217;s basketball skyrocketing over 12 times from last year.<\/p>\n<p><strong>&#8220;Betting and other activities parallel \u2064fan passion, fan passion is up, so guess what, sports betting is up,&#8221;<\/strong> remarked Kirk Wakefield from Baylor University&#8217;s Center for Sports Strategy \u2063and Sales program.<\/p>\n<p>With heightened engagement\u200d and \u200bfervor around <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sports-betting-site-gets-torched-over-incredibly-insensitive-9-11-promotion\/\" title=\"Sports betting site faces backlash for highly insensitive 9\/11 promotion.\">sports\u2064 betting<\/a>,\u200d the basketball tournaments are set to captivate a broader audience and drive unprecedented betting activity.<\/p>\n<p>While the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-rules-committee-advances-rules-package-with-four-appropriations-bills\/\" title=\"House Rules Committee approves rules package including four appropriations bills.\">final outcome remains uncertain<\/a> until\u2064 a victor is crowned, one thing is clear: this year&#8217;s March Madness promises an electrifying spectacle of bets and big wins, enveloping \u2063fans in a whirlwind of sports fervor and competitive spirit.<\/p>\n<p><em>&#8220;It&#8217;s \u2064pretty \u2064reasonable to \u200dexpect you&#8217;re going to see a considerable \u200cincrease in \u200clegal wagering on March\u200c Madness,&#8221;<\/em> Zochodne reinforced, underlining the shifting\u2063 dynamics\u2062 and burgeoning\u200c excitement in the sports betting realm.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This year&#8217;s March Madness is poised to set new records in sports betting as states continue to legalize wagering on college basketball&#8217;s premier tournaments. With an estimated $2.72 billion in legal bets expected on the NCAA men&#8217;s and women&#8217;s basketball championships, the trend is likely to continue throughout the games from March to early April, as projected by the American Gaming Association<\/p>\n","protected":false},"author":2683,"featured_media":2203599,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/03\/AP24080504860959-1024x591.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2203598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/03\/AP24080504860959-1024x591.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2203598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2683"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2203598"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2203598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2203599"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2203598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2203598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2203598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}