generated from March Madness has surpassed that of the Super Bowl in Las Vegas. Not entirely shocking considering how many postseason college basketball games there are for bettors to wager on.
“You take all those games and combine them all, it surpasses what we take in on the Super Bowl,” Kornegay says. “It’s 67 games, as opposed to one game.”
But the state's legalized sports books typically see a $100 million jump in total basketball betting every March, Streshley says.
In 2011, gamblers wagered $256.6 million on college/pro basketball in March vs. $114.3 million in February. With the Big Dance wrapped over by early April, the basketball handle for that month then dropped back to $78.2 million.