March Madness fans opening wallets in a big way
2021 NCAA March Madness is expected to be the most wagered on sporting event of all time. FOX Business’ Grady Trimble with more.
March Madness, both the tournament and the betting frenzy surrounding it, will look different this year due to the coronavirus pandemic and online betting.
FOX Business’ Grady Trimble gave “Mornings with Maria” more details about the tournament from Indianapolis, Indiana.
March Madness could be the most wagered on sporting events of all time, according to research from PlayUSA, which projected that the tournament could generate as much as $1.5 billion in legal bets.
MARCH MADNESS 2021: WHAT TO KNOW ABOUT THE MEN'S AND WOMEN'S BASKETBALL TOURNAMENTS
Online betting is expected to ramp up this year as the traditional system of paper brackets filled out in the office no longer works with most people working from home.
Increased legalization of online betting is also making a huge difference.