March Madness Spurs Fervor
Published March 20, 2005 by OCR Editor
Well it's that time of year again known as March Madness, it's the reason for all the action at the online casinos. March Madness is the term used to describe the excitement surrounding the Illinois state high school basketball tournaments and the excite
Well it's here again, basketball fever is with us and it's in full swing. It's a condition called "March Madness," and it afflicts millions of people who follow basketball and enjoy online wagering. An estimated $3.5 billion to $4 billion will be bet around the world on the tournament, and almost a third of the bets will be made on the Internet. The bulk of the bets come in from the USA.
Stuart Doyle, waging director at BetWWTS.com said: "There's action all day. If you lose a game, you can always bet on the next," He expects the online casino to rake in $20 million in bets throughout the tournament. The online casino business is generating a lot of money around this basketball tournament.
March Madness today is different from the original version. Today eight teams will advance to the state finals. Included in the March Madness event is something called The Happening, a thrilling contest featuring the state's best three-point shooters and dunkers. Check your online casino to see if they are taking bets on this specific event as well.
The wagering frenzy marks the annual jackpot for the industry, which collected $15 billion to $20 billion in sports bets from Americans last year, gaming market researchers are saying. Kevin Smith, an analyst at River City Group, which supports online gambling, recently said: "The Internet has become a safe, anonymous replacement for the office pool."
