This is How Much Money is Expected to be Bet on 2023 March Madness
“March Madness is one of the best traditions in American sports—and America’s most wagered-on competition. Critically, the expansion of regulated sports betting over the past five years has brought safeguards to more than half of American adults who can now bet legally in their home market.” - AGA President and CEO Bill Miller.
How much will be bet during the 2023 NCAA Men's Tournament?
A quarter of all American adults (68 million) plan to wager $15.5 billion on this year’s NCAA Men’s Division I Basketball Tournament, according to a new survey from the American Gaming Association (AGA).
Amazingly, three fourths of those surveyed say this will be their first time betting on March Madness online.
Futures Odds to Win 2023 NCAA Tournament
NCAA Tournament Odds Courtesy of BetOnline
Houston 1 5-1
Alabama 1 6-1
Kansas 1 9-1
Purdue 1 12-1
UCLA 2 12-1
Gonzaga 3 14-1
Arizona 2 18-1
Baylor 3 18-1
Marquette 2 18-1
Texas 2 18-1
Connecticut 4 22-1
Duke 5 22-1
Tennessee 4 25-1
Creighton 6 28-1
Kentucky 6 33-1
TCU 6 33-1
Miami Florida 5 40-1
Saint Marys CA 5 40-1
Texas A&M 7 40-1
Indiana 4 50-1
Kansas State 3 50-1
Virginia 4 50-1
Iowa 8 55-1
Xavier 3 55-1
Arkansas 8 66-1
Michigan State 7 66-1
Iowa State 6 75-1
Maryland 8 75-1
Memphis 8 90-1
San Diego State 5 90-1
Auburn 9 100-1
Illinois 9 100-1
West Virginia 9 100-1
Florida Atlantic 9 125-1
Providence 11 125-1
NC State 11 200-1
Northwestern 7 200-1
Penn State 10 200-1
USC 10 200-1
Arizona State 11 250-1
Utah State 10 250-1
Missouri 7 300-1
Pittsburgh 11 300-1
VCU 12 300-1
Drake 12 350-1
Oral Roberts 12 350-1
Iona 13 400-1
Boise State 10 500-1
Charleston 12 500-1
Colgate 15 500-1
Mississippi State 11 500-1
Nevada 11 500-1
Vermont 15 500-1
Furman 13 1000-1
Grand Canyon 14 1000-1
Howard 16 1000-1
Kennesaw State 14 1000-1
Kent State 13 1000-1
Louisiana 13 1000-1
Montana State 14 1000-1
Northern Kentucky 16 1000-1
Princeton 1000-1
SE Missouri St 16 1000-1
Texas A&M-CC 16 1000-1
Texas Southern 16 1000-1
UC Santa Barbara 14 1000-1
UNC Asheville 15 1000-1
Farleigh Dickson 16 1000-1
A Few Cool Betting Tidbits This March Madness
- There are only two lower seeds, West Virginia and Utah State, favored in their first round matchups
- There are two pick’ems in the first round
- The largest current spread is Kansas-21½
- Highest total is Grand Canyon vs Gonzaga at 155½
- Lowest total is Northern Kentucky vs Houston at 122
- Don Shapiro, Gambling911.com
