March Madness set to generate $2.7B in bets
A massive event, the March Madness basketball tournament features 136 NCAA teams participating in 134 games.Sports bettors and the companies that handle their wagers...
March Madness raises concerns over problem gambling
March Madness raises concerns about problem gambling. Enjoy the event responsibly and promote safe betting practices.
Approximately 15.5bn dollars was wagered by Americans on the NCAA Tournament in 2023, involving sixty-eight million gamblers. Concerns over responsible gambling have been highlighted by the rise in sports betting.
Professor James P. Whelan pointed out that although most gamblers do so responsibly, 2-4 million Americans may have a problem with their gaming. March Madness falls during Problem Gambling Awareness Month, emphasizing the need of addressing these problems.
There are plenty of chances for problem gambling during March Madness, with sixty-seven games to wager on over several weeks. Placing bets is done through online betting services, but if done irresponsibly, this might cause problems.
Operators are moving against compulsive gambling. FanDuel promised to donate three hundred thousand dollars to the International Center for Responsible Gaming and the National Council on Problem Gambling. They also signed up for a program designed to help gamers who abstain from gambling.
The Gambling Clinic is offering services for anyone in need of assistance as well as advice on how to gamble responsibly during March Madness.
Colorado’s “Play Legit’” campaign targets illegal gambling
This week, Colorado will start out the 2024 Illegal Gaming Awareness Campaign to alert locals and visitors to be cautious of unlicensed gambling operators. The campaign...
