Estimated $10 Billion To Be Bet On March Madness

Americans are expected to bet $10 billion on this year's NCAA Men's Basketball Tournament, according to estimates released by The American Gaming Association.

Of that $10 billion, only three percent will be wagered legally through Nevada's sports books. Currently, Nevada is the only state to allow single-game wagering.

“Our current sports betting laws are so out of touch with reality that we’re turning tens of millions of Americans into criminals for the simple act of enjoying college basketball,” said Geoff Freeman, president and CEO of the American Gaming Association. “The failed federal ban on sports betting has created an illegal, unregulated sports betting market that offers zero…