March Madness brackets with an entry fee and prize meet the first two elements. How could that be? Well, simply put, state statutes prohibit games that contain a combination of chance, consideration, and reward. That’s right, that $8.9 billion wagered last year was all done illegally. It may shock you, but generally speaking, March Madness brackets including office pools are illegal. March Madness represents one of the biggest events in sports betting where it is estimated that approximately $8.5 billion was collectively wagered on the 2019 tournament. Although these numbers seem insane to begin with, the amount wagered on March Madness will continue to rise as more states legalize sports betting. Further, approximately 18 million people will wager billions of dollars, whether this be with a bookie or just a friend. In the United States, nearly 1-in-5 individuals will bet on the NCAA Tournament. Given how many conversations are swirling around sports betting ( New York just made this illegal in the state yet again) we would like to take a deep dive into the legality of March Madness brackets in honor of our favorite tournament of the year (except for this year of course). So, as an intellectual exercise we ask (and attempt to answer) are March Madness Brackets legal?Ī special thank you to my colleague Nick Mansour, who is involved in all things sports betting and so kindly contributed significantly to researching and writing this post. That being said, maybe we can use this information in upcoming office brackets, no matter what the subject of the bracket is. Regardless, some things come first: namely, the health and wellbeing of our entire country. Seniors saw their seasons end without a final game (as a 3L at UB Law, I get how shocking and surprising that is, as I left class this past week without realizing it may be the last time I see some of my classmates). This marks the first time the annual NCAA Tournament will not be held since it was first held in 1939. However, given the safety precautions surrounding COVID-19, the tournament has been cancelled. I am thrilled to watch Mid-March approach and continue tinkering up until the last moment. The moment the Super Bowl is over, I focus on one thing: my March Madness bracket.
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