Minutes after the NCAA Tournament selection committee revealed the bracket Sunday, the South Point posted lines on all 32 games and took up to $10,000 a side at the counter.
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Nevada sportsbooks won $36.5 million on basketball in March 2019 from $498.7 million in bets, with an estimated $349 million from the NCAA Tournament.
For the second straight year, the owner of the D Las Vegas and Golden Gate wagered $11,000 to win $10,000 on each of the 32 opening lines moments after they were posted Sunday during a live show on VSiN.com hosted by broadcaster Brent Musburger.
The American Gaming Association believes $10 billion will be bet on the NCAA “March Madness” basketball tournament that begins this week and only 3 percent of that will be wagered legally.
Las Vegas’ relationship with postseason college basketball is good — for the players, fans, schools, conferences and seemingly all parties involved. But, because of legalized sports wagering, is this madness in Las Vegas still viewed as evil by the NCAA?