CBS Grand Junction: Americans will bet $2 billion dollars on March Madness brackets

Video | 03.12.2015

March Madness is inching closer and closer with selection Sunday this weekend--and today the American Gaming Association has released new research estimating how much Americans will spend on betting on this year's tournament-- Taylor do you have any guesses as to how much they are predicting? $500 million? The answer is more than 2 billion dollars with more than 70 million brackets on March Madness this year! The total number of brackets to be filled out will be greater than the number of ballots cast for either President Obama at 66 million or Mitt Romney 61 million in the 2012 election.

AmerGamingAssn @AmerGamingAssn

The @Nielsen_Ent survey is clear: #sportsbetting will spur higher fan engagement from younger, more affluent adults… https://t.co/thk6H7a0D2

August 17, 2018

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