The Sporting Events Have the Biggest Betting Volume in the US (part 2)

March Madness

The NCAA tournament is one of the highlights for sports fans and bettors as well. There are up to 68 teams that battle it out throughout seven single-elimination rounds in one month with the aim of being named national champions.

Figures from the American Gaming Association (AGA) predicted more than $10 billion would be bet on the 2018 NCAA men’s basketball tournament. A mere fraction of that amount (3 percent) was probably bet legally.

But considering that betting is legal in only one state then $300 million total wagers on one sporting event is somehow madness!

Kentucky Derby

The Kentucky Derby is among the most important horse racing events in the United States and is also one of the longest-running sports events in the country. The event happens on the first Saturday of May at the Churchill Downs racetrack in Louisville, Kentucky.

The Run for the Roses (also known as the fastest two minutes in sport) draws a crowd of above 150,000 spectators to the racetrack. This isn’t even mentioning the huge number of home viewers: The 144th Kentucky Derby pulled in 16.2 million viewers on NBC.

Churchill Downs reported record-breaking betting with $209.2 million in wagers over the 14-race card. The main race itself pulled in more than $139.2 million in wagers, breaking the previous record of $137.9 million in 2015.

The Grand National

The Grand National, keeping with the equestrian theme, is Britain’s own horse-racing extravaganza. It is reportedly one of the most challenging horse-races in the world, with two laps of a racetrack which is 4-mile 514 yards (6.907 km) long and consists of 30 jumps.

It is a hugely popular event that is attended by members of the Royal Family, as well as a lot of A-list celebrities. In addition to seasoned horse racing enthusiasts and betting pros, it also draws in upwards of 600 million viewers, making it the world’s most watched TV event.

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