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Search Our Archive of Gaming Articles Expects March Madness to Exceed Super Bowl

14 March 2005

ST. JOHN'S, Antigua – (PRESS RELEASE) -- The Men's NCAA basketball tournament has become the most widely bet annual sporting event in America as office pools and sports betting gain more popularity and acceptance. Last year an NCAA survey estimated that over 10 percent of Americans participated in a "March Madness" pool, demonstrating that millions have a vested betting interest in the tournament. Now that the Internet has become the preferred means to wager on sports, leading offshore gaming company today announced that it expects betting on the NCAA tournament to be ten times that of this year's Super Bowl.

Industry sources expect a combined $2 billion to be wagered online and at Nevada sports books on this year's NCAA tournament, with a large majority of that number being bet over the Internet. Further demonstrating the explosive growth of Internet sports betting, expects to receive 15% more bets on the NCAA tournament than last year, with a total handle of more than $20 million in "March Madness" wagers -- exceedingly more than any single sports book on the Las Vegas strip.

"Sure the Cinderella stories, buzzer beaters and upsets add to the Madness, but what really makes the NCAA tournament popular with millions is the betting surrounding the games," said Stuart Doyle, wagering director of "It's no mere coincidence that March is the busiest betting month of the year -- for every person that has entered an office pool, there's another person placing a wager on tournament games over the Internet. To demonstrate just how big March Madness betting really is, the $15 million we expect on the tournament is nearly 10 times what we took on this year's Super Bowl."

A veteran in the online gaming industry, Mr. Doyle is available to discuss several issues, including:

-- Gambling trends and facts regarding the NCAA tournament

-- The growth of Internet sports betting

-- Online versus traditional sports gambling

-- Expected company turnover from March Madness wagering (compared to past year's)

-- Development and movement of betting lines

-- Unique March Madness-related betting options available at

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