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