Walk Madness was great to Las Vegas this year. Betting on school ball impelled Nevada sports books to its best March ever. As indicated by an ESPN report, Vegas had a record-breaking March powered by the NCAA Men’s Basketball Tournament.
A record $439.5 million was wagered on basketball, both college and professional, last month, according to numbers released Wednesday by the Nevada Gaming Control Board.
The books kept a record $41.2 million of the amount bet on basketball, shattering the previous mark set in March 2015 by more than $13 million and making March 2017 by far the most lucrative basketball month ever for the house.
In spite of the fact that the book does not separate amongst ace and school sports wagering, the NCAA Tournament was obviously an enormous calculate the activity occurring in the leave this year. Bookmakers say school wagering represents somewhere in the range of 60 to 80 percent of the bets found in March. That is a huge amount of activity from the competition, which still couldn’t seem to try and crown North Carolina its champion before the month finished.
That implies there’s tremendous measures of wagering on two long ends of the week that make Vegas much to a greater degree a goal for vacationers and card sharks searching for a touch of early spring fervor. The benefits from the NCAA Tournament even really began to tackle any remaining winning tickets supporters presently couldn’t seem to money until March.
The massive March haul comes after a rough stretch to end the football season for the books. In January, the books suffered one of their worst football months ever, losing $8.25 million to bettors.
They bounced back in a big way in March, winning $31.4 million overall, a 225.3 percent increase from March 2016. Leftover football bets from the season that were cashed in March took a $13 million bite out of the basketball profits, but the books had enough to spare.
No word in the report how Brent Musburger’s turn to Vegas to give betting exhortation will affect the games book, however I’d figure they get more urgent activity out of school games fans come fall.