The NCAA Division I 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 2025, it was estimated that 3.1 billion U.S. dollars would be bet on March Madness in the U.S., showing a margnial increase when compared to the previous year's estimate. However, it remained way below the figure recorded in 2023.
Estimated amount of money bet on NCAA Division I Basketball Championship in the United States from 2019 and 2025
(in billion U.S. dollars)
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American Gaming Association. (March 13, 2025). Estimated amount of money bet on NCAA Division I Basketball Championship in the United States from 2019 and 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 04, 2025, from https://www.statista.com/statistics/1296462/total-amount-bet-march-madness/
American Gaming Association. "Estimated amount of money bet on NCAA Division I Basketball Championship in the United States from 2019 and 2025 (in billion U.S. dollars)." Chart. March 13, 2025. Statista. Accessed May 04, 2025. https://www.statista.com/statistics/1296462/total-amount-bet-march-madness/
American Gaming Association. (2025). Estimated amount of money bet on NCAA Division I Basketball Championship in the United States from 2019 and 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 04, 2025. https://www.statista.com/statistics/1296462/total-amount-bet-march-madness/
American Gaming Association. "Estimated Amount of Money Bet on Ncaa Division I Basketball Championship in The United States from 2019 and 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Mar 2025, https://www.statista.com/statistics/1296462/total-amount-bet-march-madness/
American Gaming Association, Estimated amount of money bet on NCAA Division I Basketball Championship in the United States from 2019 and 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1296462/total-amount-bet-march-madness/ (last visited May 04, 2025)
Estimated amount of money bet on NCAA Division I Basketball Championship in the United States from 2019 and 2025 (in billion U.S. dollars) [Graph], American Gaming Association, March 13, 2025. [Online]. Available: https://www.statista.com/statistics/1296462/total-amount-bet-march-madness/
