COLORADO SPRINGS, Colo. (KRDO) — March Insanity is formally right here, and in line with PlayUSA it may very well be the primary US sporting occasion to generate $3 billion in bets.
In Colorado, the Division of Gaming is anticipating excessive numbers as nicely, particularly with Colorado State College taking part in within the males’s bracket and the College of Colorado on the ladies’s facet.
The Colorado Division of Gaming says final March, bets on NCAA basketball virtually hit $71 million, which was second solely to NBA basketball. PlayUSA expects Colorado to wager round $100 million or extra this yr.
In 2020, the match was canceled and final yr all of the video games have been performed in Indiana. Now with the match again to its regular format, PlayUSA anticipates extra wagers. Right here in Colorado, that return to normalcy has individuals heading to the on line casino.
“Most of our betting occurs on-line, however we’re seeing with the casinos up and operating, with extra retail sports activities up and good ones up within the mountain cities of Black Hawk, Central Metropolis and Cripple Creek we’re seeing on these massive occasions these massive days much more individuals going, much more foot site visitors going into these retail sports activities books,” stated Dan Hartman with the Colorado Division of Gaming.
In January, sports activities betting in Colorado hit a report $573 million in wagers. School basketball accounted for $63 million of that.