Got a hunch which sporting event is the most bet on every year?
If you think Super Bowl, well, you’re close, but you are wrong.
The most-bet-on event starts in earnest today, with the long-awaited return of March Madness. (Yes, there were four play-in games Thursday night, but the true draw – the bracket that has launched $1 billion-plus in bets through the years – starts today.)
In our pre-COVID sports watching days, the American Gaming Association estimated $6.8 billion wagered on the Super Bowl and a stunning $8.5 billion on the NCAA basketball tournament.
How big is that? Well, the 2019 Kentucky Derby had $250-plus million wagers, and the largest fight ever – Conor McGregor vs. Floyd Mayweather – had a little more than $100 million wagered.
