This chart shows the total handle – a fancy way to say how much money is bet on March Madness – in Las Vegas for the NCAA Tournament since 2004. We’re all about extravagant coffee with nine pumps of mocha syrup and 13 shots of espresso to get us through the day. The average bet on March Madness is between $20 and $50 US, or the cost of a latte at Starbucks. and nearly 40 million of them are laying down wagers on NCAA basketball. ![]() There are about 329 million people in the U.S. One in five American adults contribute to how much is bet on March Madness every year, by filling out a bracket, creating roughly 149 million brackets in total. Has he paid you yet? Come on, Jimmy, pony up! People Love To Bet On Sports, Especially March Madness ![]() This grand total of $10 billion wagered accounts for bets done at legal sports betting sites in Vegas, inter-office pools, online sportsbooks, and the NCAA basketball wagering with your cousin. If you are wondering how much money is bet on March Madness each year, the American Gaming Association (AGA) reports that near $10 billion was gambled on March Madness in 2021 via illegal and legal bets, with that number expected to grow in the years to come. If you play your cards right – or more aptly, your bracket – you could see yourself on the right side of a huge payday.
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