The NCAA Tourney’s Economic Impact on the Las Vegas Strip – Vegas Seven

This week in Vegas Seven, I also had a short article about how March Madness betting impacts Las Vegas:

In the past decade, the amount bet on the tournament has almost doubled. That’s more about the expanding popularity of sports betting itself, though, since the percentage of money bet on the tournament has remained close to 65 percent of all money bet at the books in March. Last year saw the biggest total bet on March Madness yet, and this year’s will likely be even bigger, but betting in general is increasing.

Source: The NCAA Tourney’s Economic Impact on the Las Vegas Strip – Vegas Seven

I looked at some numbers I hadn’t before, and the results, while probably not shocking, do confirm a few things I had suspected.

 

Author: Dave

Director of the Center for Gaming Research at the University of Nevada, Las Vegas and author of several books, including Roll the Bones: The History of Gaming. Also Gaming and Hospitality editor for Vegas Seven magazine.