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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 :
NHL Odds: Lightning go for Season Sweep Over Red Wings -
The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.
MPN Charity Poker Tournament at ICE 2017 -
During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
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