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Over 40 million Americans will be in gambling mood this week, probably generating revenues in excess of $12 billion according to media estimates, and despite the recession as they bet in office pools, on the Internet and through sportsbetting outlets on the 64 teams involved in the NCAA college basketball championships.
The phenomenon called March Madness started when the seedings for this year's college basketball championship tournament were announced at the beginning of this week, focusing the nation's attention on basketball and tempting even non-gamblers to take a flutter as the tournament becomes a conversation point and draws acres of media coverage. Massive television coverage of the games perpetuates the excitement both at home, in social venues and at work.
Especially at work. Consultants Challenger, Gray and Christmas regularly keep their fingers on the business pulse at this time of year and report that the decline in productivity due to March Madness disruption in the workplace could be as high as $2 billion.
For the online sports betting websites its usually bonanza time, regardless of the US Department of Justice's attempts to kill off the pastime. However, in January 2009 the much delayed regulations for the Unlawful Internet Gambling Enforcement Act 2006 came into force, and may impact betting activity. The UIGEA sets out to disrupt financial transactions with online gambling companies, dragooning the US financial services industry into enforcing its provisions.
Gambling News :
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
Huge Caribbean Hold’Em hit at Bovada Casino -
A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.
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