March Madness Increases Sports Betting Casino Revenue

March Madness is the name given to the time of year when the National Collegiate Athletic Association (NCAA) men’s and women’s college basketball tournaments are held. According to Wonderopolis:

The NCAA college basketball tournament is a single-elimination tournament that features 68 teams vying to survive three weekends of games to be crowned the national champions. The field used to be 64 teams, but the NCAA has recently added four more teams that play “play in” games to earn a spot in the final field of 64.


Along with sports betting, Nevada casinos had some help from their tables in growing their business. Table games are up 9.8% over last year, with blackjack giving the bulk of the increase (12%). It was a strong March for gambling across the board, according to an article from the Las Vegas Sun where Michael Lawton (research analyst for the Tax and License Division of the Nevada Gaming Control Board:

“We almost did a billion dollars,” Lawton said. We were just shy of that, and if baccarat had done better (we) probably would have been there.”

Non-restricted gaming licenses did $991,023,123 in March, a 7.45% increase over last year’s March. Blackjack was a big driver among non-baccarat table games, with $112.7 million, up 12 percent from March 2016.

What is Blackjack?

It’s a gambling card game where players try to acquire cards with a face value of as close to 21 as possible, without going over that amount. It is also widely known as “21”, and is one of the most widely played Casino games in the world.

What is Baccarat?

Baccarat is a card game where many people can play, but only 2 hands are dealt (the banker’s hand and the player’s hand). Initially, two cards would be dealt for each hand. Point totals determine whether a hand gets a third card. The player hand is dealt first. Totals of 8 or 9 are called “natural,” and the player’s hand gets no more cards. Unless the banker has a natural 9 or ties a natural 8, no further cards are drawn, and naturals are the automatic winners. Players also stand on totals of 6 or 7. On any other total, zero to 5, player draws a third card, unless banker has a natural, where the bank hand wins with no further draw.

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