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The 2023 men’s NCAA March Madness tournament will likely be one of the biggest sports betting events in U.S. history.
Americans plan to wager roughly $15.5 billion on the March Madness tournament this year, up from $3.1 billion in 2022, according to estimates from the American Gaming Association, when accounting for legal wagers at regulated sportsbooks, bracket contests and casual bets with friends.
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