Summary: New Jersey is currently the only state offering online sports betting with sites super busy due to the March Madness tournament.
March Madness is in full swing and across the United States, newly opened sportsbooks are taking wagers on the NCAA tournaments in full force. For years, NCAA basketball fans had to rely on illegal means or work pools to take part in March Madness betting.
Now, with sports betting an option in the US, several states have launched services and are getting in on the action. When it comes to online sports betting, New Jersey is the only state that offers such wagering options. Sites are extremely busy right now as players get in on the NCAA betting action.
To keep players at their site, sportsbooks have had to be innovative with their offerings. The Sugar House online casino decided to use their sportsbook online to create a bracket contest. Players can log on to the Sugar House sportsbook and take part in the March Mania Brackets event. Players make their picks and hope to earn bonus store credits.
Players have until the 21st of March to make their picks. A key point to this contest is that it is free to enter! Players just have to be located in the state to log on and fill out a bracket. Once the bracket is filled out, bonus tore points will be provided for correct selections.
Players can also choose to place a $25 wager or higher and they will earn more credits if their picks win. This contest is just one example as to how players can take part in March Madness action in New Jersey.
Prize Money Brackets
If earning points doesn’t make you want to participate, perhaps earning cash will? At DraftKings and FanDuel, each sportsbook in the state is offering a free contest or low buy-in with a ton of cash involved. DraftKings is offering $64,000 in total prize money with players opting to compete for a chance to win a piece of the jackpot. Players just have to make their picks as to who will win in the March Madness matchups.
The $64,000 contest is open to players across the United States. In New Jersey, the brand is offering a $100,000 option. This is for customers in the state only and has a $20 buy-in. At FanDuel, players can access the Bracket Madness event. With $150,000 up for grabs, the winner will earn the bulk at $100,000! Choosing correctly earns points with the highest points earners taking home the big bucks.
These are just a few of the sports betting contests currently running at online sportsbooks in New Jersey. It is expected that March Madness betting will outpace the Super Bowl, particularly in New Jersey. The state is not only offering land-based betting options but also online.
We shall see once the popular NCAA tournament is over just how much players wagered during March Madness and how much the casinos were able to hold on to. It will not be surprising to find the option presents record breaking numbers for the new sports betting industry!