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March Madness bettors moving away from brackets for legal online sports betting: survey
FOX Business Flash top headlines for April 1
Here are your FOX Business Flash top headlines for April 1.
As March Madness comes to a close on Monday, a recent survey of 1,000 American bettors ages 18 to 64 conducted by National Research Group after last week's Elite Eight Games finds that the push for legal online sports betting combined with the coronavirus pandemic has prompted a move away from tournament brackets.
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A whopping 60% of survey respondents who bet on the 2022 NCAA tournament did not fill out a bracket. Only 8% of bettors surveyed filled out a bracket without betting on any individual games.
Nearly half of bettors surveyed (49%) said they were less interested in filling out a bracket now than before the pandemic and 57% stated that not physically being in an office made them less likely to fill out a bracket this year. The survey notes that 54% of respondents are less interested in March Madness brackets due to legalized online sports betting, compared with 26% who disagree.