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March’s Gambling Madness Troubles NCAA
Moments after CBS announces the NCAA Tournament brackets, the real
madness begins.In offices from coast to coast, more than 10 percent of Americans
toss a dollar or two into the pool and fill out their brackets in hopes
of a modest payoff.
In Las Vegas, sports book directors scramble to set point spreads and
create dozens of side bets.In homes across America, online gamblers
mouse their way to an estimated 2,000 online casinos. In exotic locales such as Antigua and Costa Rica, hard drives spin
and phones ring as online casinos process transaction after transaction in
what is believed to be a $3.7 billion industry.
In dorm rooms, student bookmakers take bets from their classmates,
some of whom are likely student-athletes.In Bradley Beach, N.J., a former compulsive gambler who runs a help
hotline prepares for the yearly deluge of inquiries from worried
And in Indianapolis, NCAA officials try to find ways to curb the
rampant proliferation of wagering on an event that is surpassed only by
the Super Bowl in the minds and pocketbooks of avid sports bettors.
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2004 Online Casino News Archive