March Madness 2022 Gambling: By the Numbers

Big question #1: How much money will be wagered in this year’s March Madness tournament?

Quick answer: $3.1B

Quick math on the amount wagered by average NCAA March Madness gambler:
1) $3.1B wagered
2) 45M Americans will take part
3) $69 per gambler

Share of wagers placed outside of brackets:
1) 2021 – 55%
2) 2022 – 76%

Big question #2: How has the sports betting landscape changed since last year?

Quick answer: 29M more Americans can legally bet this year.

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