Gambling in the USA
Report: College Basketball’s March Madness brings Joy to Online Betting Companies
The American Gaming Association (AGA) recently reported that over $8.5 billion was wagered on college basketball’s “March Madness” by Americans in 2019 – via a mix of illegal and legal bets.
Of course, 2021 brings with it a new and very different landscape due to the ongoing global health pandemic and also due to the expansion of the legal sports-betting market in the USA.
This year’s NCAA March Madness has begun – but due to COVID-19, for the first time in the history of the competition, the entire tournament is being held in one single state (Indiana this year).
The National Championship Final itself is set to play out on April 5th 2021 at the Lucas Oil Stadium in Indianapolis.
March Madness – Betting facts, figures, and trends
The latest research and analysis has brought some interesting March Madness sports-betting estimates, facts, and figures to light.
Three times as many Americans planned to wager on this year’s March madness via online sportsbooks compared to 2019.
The pandemic is unquestionably a factor in the huge increase of anticipated bettors, with 17.8 million people expected to gamble on March Madness this year compared with 5.8 million people in 2019.
Even so, 8.3 million bettors are expected to place a bet at a physical sportsbook, which is up 79% from 2019.
That figure is only expected to grow in the future with 45% of American adults now living in a state with legalized sports betting and more states opening up.
“We’ve seen a 200% increase in site searches related to March-Madness betting in 2021 – with sports fans looking for the latest odds & futures for the tournament”
- Tom Nielsen, CTO at sports odds website Vegas-odds.com
The dramatic growth in the popularity of sports betting over the course of the last two years can be attributed to the expansion of the legal market, as 73.6 million more Americans in 14 new legal jurisdictions can legally place bets on March Madness this year compared to the 2019 tournament.
A March Madness tournament bracket might be great fun, but it’s worth looking at more traditional wagers at more realistic betting odds on the Money Line, Point Spread and Totals for those hoping to realistically win a few dollars.
There could be a big jump in traditional bets on this year’s tournament compared to 2019, with 30.6 million Americans expected to wager such bets, up from 17.8 million two years ago.
Other March-Madness facts & figures:
- The odds of picking all 63 March Madness games correctly is 1 in 9.2 quintillions! (That’s 9,200,000,000,000,000,000)
- The longest streak of correct NCAA tournament bracket picks to start the tournament currently stands at an astonishing 49, with an Ohio resident correctly predicting the entire 2019 NCAA tournament into the Sweet 16.
- 47.4 million American adults plan to bet on March Madness (that’s more than 20% of the population), about the same number that indicated they would bet on the tournament in 2019.
- 30.6 million Americans expect to place more traditional bets on this year’s tournament, up from 17.8 million in 2019
- 17.8 million say they will place a bet online, up 206% from 5.8 million in 2019
- 8.3 million expect to place a bet at a physical sportsbook, up 79% from 2019
- Betting with friends/colleagues remains popular – March Madness will likely generate $4.6 billion of wagers from 40 million people betting with friends and colleagues through a total of 149 million brackets, the AGA said.
- Regulated Vs International Sportsbooks: The remaining $3.9 billion of wagers will come mostly by way of international websites and bookmakers, though 4.1 million people will also place legal bets through licensed U.S based casinos and sportsbooks in las vegas and other states with legal sports betting operators.
- Gonzaga University’s “Bulldogs” team is the betting favorite to win the tournament
Circa Resort & Casino
Downtown Vegas Alliance Partners with the City of Las Vegas to present a Successes & Insights Community Forum on the State of Downtown Gaming
The Downtown Vegas Alliance has partnered with the City of Las Vegas to host a Successes & Insights Community Forum focused on the state of downtown gaming and hospitality.
The public event will take place on Wednesday, March 18 at the Las Vegas Civic Center, bringing together key leaders from the city’s gaming and hospitality industry to discuss growth, challenges and future opportunities in downtown Las Vegas.
Event Overview
The forum will begin with welcome remarks from Shelley Berkley, Mayor of Las Vegas. The discussion panel will be moderated by Andrew Woods of the UNLV Center for Business and Economic Research.
Featured Panelists
The panel will include several prominent figures in downtown Las Vegas gaming:
-
Jonathan Jossel – CEO of Plaza Hotel & Casino
-
Chris Latil – General Manager of Golden Nugget Las Vegas
-
Jeff Victor – Vice President at Circa Resort & Casino, The D Las Vegas and Golden Gate Hotel & Casino
-
Joe Woody – CFO of El Cortez Hotel & Casino
Event Schedule
-
Registration: 4:30 PM
-
Panel Program: 5:00 – 6:00 PM
-
Networking Reception: 6:00 – 7:00 PM
The event is free and open to the public, but registration is required due to limited seating.
Strengthening Downtown Las Vegas
The forum aims to provide valuable insights into the evolving downtown gaming landscape, highlighting the successes of local operators while exploring strategies for continued economic growth and tourism development in the heart of Las Vegas.
For broader coverage on Las Vegas gaming industry developments, see:
https://www.reviewjournal.com/business/casinos-gaming/
The post Downtown Vegas Alliance Partners with the City of Las Vegas to present a Successes & Insights Community Forum on the State of Downtown Gaming appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Gambling in the USA
Downtown Vegas Alliance Partners with the City of Las Vegas to present a Successes & Insights Community Forum on the State of Downtown Gaming
- Speakers include downtown gaming and hospitality leaders
- Event is free and open to the public with registration
WHAT: The Downtown Vegas Alliance (DVA), a member-driven 501(c)(6) nonprofit organization that connects its members and downtown stakeholders to influence growth in the heart of Las Vegas, partners with the city of Las Vegas to host a Successes & Insights community forum on the state of downtown gaming.
Following welcome remarks from Mayor Shelley Berkley, City of Las Vegas, the event features a panel moderated by Andrew Woods, Director, UNLV Center for Business and Research. The panel includes:
- Jonathan Jossel, CEO, Plaza Hotel & Casino
- Chris Latil, General Manager, Golden Nugget Las Vegas
- Jeff Victor, Vice President, Circa Resort & Casino/The D Las Vegas/ Golden Gate Hotel & Casino
- Joe Woody, Chief Financial Officer, El Cortez Hotel & Casino
WHEN:
- Wednesday, March 18
- Registration starts at 4:30 p.m.
- Program: 5 to 6 p.m.
- Complimentary reception: 6 to 7 p.m.
WHERE:
- Las Vegas Civic Center, Building A, Second Floor
- 525 Main Street, Las Vegas, NV 89101
TICKETS:
- Free with registration at [email protected].
- All attendees must register due to limited seating.
MEDIA
RSVP: Melissa Warren, The Warren Group, [email protected]; 702-528-6016
The post Downtown Vegas Alliance Partners with the City of Las Vegas to present a Successes & Insights Community Forum on the State of Downtown Gaming appeared first on Americas iGaming & Sports Betting News.
AGS, the global gaming supplier, teamed up with Yaamava’ Resort & Casino at San Manuel in Southern California to host a two-day launch celebration for its newest slot family, Ultra Werewolf
.
The event kicked off on Wednesday, March 4, with special guests Kevin Smith and Jason Mewes, reprising their iconic roles as Jay and Silent Bob from the 90s cult classics Clerks, Mallrats, and Jay and Silent Bob Strike Back. Smith and Mewes were the first to experience the game and shared their impressions during a live recording of their SMPodcast, “Jay & Silent Bob Do Yaamava’.”
The fang-tastic festivities continued the following day with an unveiling celebration attended by Yaamava’ Resort & Casino and AGS representatives, culminating in an exciting slot pull for Club Serrano Members.
Guests were immersed in a comic book–inspired world, featuring a life-sized Werewolf, two werewolf “hunters” from the game, interactive photo opportunities, and custom werewolf-themed slot chair covers. The VIP reception offered themed mocktails, wolf-ear headbands, and free spins on Ultra Werewolf Fury and Ultra Werewolf Strike. Four lucky participants who played the Ultra Werewolf games were entered into a draw for $1,000 in Free Play, with one lucky winner receiving $5,000 in Free Play.
Mark DeDeaux, Senior Vice President and General Manager, Slots at AGS, said:
“Yaamava’ Resort & Casino is the perfect venue to celebrate the dedication and partnership that goes into a world premiere of a slot game. The Ultra Werewolf brand extension builds on the thrilling storyline of the original Werewolf, one of AGS’ most successful premium games. The new franchise takes it further with a unique comic book theme, more bonus features, and all-around excitement. Our collaboration with Yaamava’ and shared focus on delivering innovative, unforgettable player experiences made this the ultimate way to ‘Catch the Wolf.’”
Kenji Hall, General Manager of Yaamava’ Resort & Casino, added:
“Ultra Werewolf represents the kind of creative, high-impact game design that elevates the entire industry. Yaamava’ is dedicated to leading the market in entertainment innovation, and we’re proud to host the launch of AGS’ latest breakthrough.”
The excitement continues, with Ultra Werewolf slot drawings scheduled for March 22, where four Club Serrano players will each win $1,000 in Free Play, and one lucky winner will receive $5,000 in Free Play plus a limited-edition silver Justice League comic collector card.
Ultra Werewolf will be available exclusively at Yaamava’ Resort & Casino for a limited time before expanding to additional casinos nationwide.
The post AGS and Yaamava’ Resort & Casino ‘Wolf Out’ with World Premiere of Ultra Werewolf appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
-
Africa6 days agoVeliGames Secures SiGMA Africa’s Industry Rising Star Award
-
ELA Games5 days ago
“Patrick’s Treasure Pots”: Hunt for the Pot of Gold in ELA Games’ Celtic Adventure
-
Anders Svensson6 days ago
DBET Recruits Jonas Dahlquist, Kicks Off Fresh Football Podcast
-
Andrzej Hyla Chief Commercial Officer at Wazdan5 days ago
Fisherman’s Luck™ Gains Exciting Gainer™ Mechanic from Wazdan
-
HAPPY MONEY HENS5 days ago
INSPIRED UNVEILS HAPPY MONEY HENS™, GOLDEN WINNER GRAND CHANCE SUPER WHEEL™ & GOLD CASH FREE SPINS RISING WINS™ ACROSS ONLINE & MOBILE
-
Austria6 days ago
Blueprint Gaming Strengthens European Reach with Austria Debut on win2day
-
Latest News4 days ago
NFL LEGEND ROB GRONKOWSKI TAKES ON HIGH-STAKES POKER PROS ON POKERSTARS BIG GAME ON TOUR IN LAS VEGAS
-
Bragg Gaming Group5 days ago
Bragg Strengthens Executive Team for Enhanced Content Strategy, North American Growth, and AI-First Transformation
