Amount Illegally Bet on the NCAA Tournament

According to the FBI, an estimated $2.6 Billion is illegally gambled on the N.C.A.A.  Men’s Basketball Tournament in the United States, commonly known as March Madness.

Across the United States, its estimated that up to $500 Billion is bet on sports by Americans each year at illegal casinos or online websites.

(More illegal sports betting statistics and figures.)

Source:  Joe Drape, “Cash-Hungry States Eye Sports Betting, to Leagues’ Dismay,” New York Times, March 27, 2013.