March Madness Betting Explodes In 2019 | PayPerHead®
Skip to main content
march madness 2019 betting explodes

March Madness Explodes 2019

March Madness Explodes With An Estimated $8.5 billion in Betting Placed on 2019 Tournament

College Basketball’s most popular event, March Madness, is estimated to generate over $8.5 Billion worth of betting throughout the 2019 tournament. With television ratings for the first weekend of the tournament being the second highest since 1991, PayPerHead.com, the leading sportsbook software company, is claiming record-high profits.

“This year’s 2019 March Madness Tournament has been one for the books.”  stated Nate Johnson, product manager of PayPerHead.com. “Our site traffic experienced a significant spike at the beginning of the tournament and is still at a steady climb.”

March Madness 2019 is the first NCAA tournament that has experienced legalized sports betting in certain U.S. states.  In previous years, Nevada has been the central hub for March Madness NCAA betting, however, states like New Jersey, Pennsylvania, Rhode Island and others can now accept and hold wagers for major sporting events.

“PayPerHead.com has been anticipating a large increase of wagers due to legalized sports betting for years.” explained Johnson. “However, we never anticipated legalization to move this quickly through several states. The numbers are unbelievable.”

According to the American Gambling Association, nearly 1 in 5 American adults will be placing a bet on March Madness. The AGA also cites that close to 18 million people will place 3.9 billion worth of wagers through a bookie, an online sportsbook, or with a friend.

“With the 2019 March Madness Final Four betting, just around the corner, the team at PayPerHead.com is anticipating the most successful and profitable March Madness the industry has ever seen.

Related News

march madness 2019 betting explodes

2019 NBA Playoffs

The 2019 NBA Playoffs Are Creating An Unprecedented Number of Bets The 2019 NBA playoffs...

Triple Crown Horse Racing

Record-Breaking Bets On 2019 Triple Crown Races This Year

Huge Betting Expected on 2019 Triple Crown Races With this year’s 2019 Triple Crown races...

march madness viewership 2019

March Madness Viewership & Sports Betting Legalization

Last year, the NCAA Men's Basketball March Madness tournament experienced a primetime viewership