The American Gaming Association (AGA) estimates that March Madness betting will exceed $10 billion on the upcoming 2018 NCAA men’s basketball tournament. Of that $10 billion, only about $300 million – or three percent – will be wagered legally through Nevada sports books. Americans illegally bet at least $150 billion annually on sports, empowered by the Professional and Amateur Sports Protection Act of 1992 (PASPA), a failed federal prohibition on single-game sports betting. Illegal wagering is often done through bookies, on illegal offshore websites, or through sports pools like popular March Madness basketball bracket pools. According to a recent legal…

News Works – As the men’s NCAA Basketball Tournament begins, New Jersey officials are talking about what legalized sports betting would mean to the state. State and Atlantic City officials said the city’s bars, restaurants, and casinos would be packed if sports wagering were allowed. Although voters approved legalization of sports betting in 2011 and Gov. Chris Christie signed legislation allowing it, implementation has been stalled because federal law permits sports wagering in only four states, including Delaware. At a news conference in the Irish Pub in Atlantic City Wednesday, state Sen. Jim Whelan said professional sports leagues are being…

USA Today – This is the month in Las Vegas you’ve been waiting for. Starting this weekend, everything college basketball takes over this town. The Orleans Arena hosts both the West Coast Conference (March 6-11) and Western Athletic Conference (March 12-15), the Pac-12 (March 12-15) plays at the MGM Grand Garden Arena while Mountain West (March 12-15) tips off at Thomas & Mack. After that, things start to get serious, when thousands of college basketball aficionados take over Las Vegas (and its sports books). Here are a couple of choice spots to catch all the action (plus, bonus baseball!) and…