How Many Brackets Are Filled Out for March Madness?

How Many Brackets Are Filled Out for March Madness?

How Many Brackets Are Filled Out for March Madness?

An estimated 60 million people fill out March Madness brackets every year, according to a 2014 article from Smithsonian Magazine. The NCAA basketball tournament breeds a significant amount of financial activity as well, with an estimated $1 billion spent on casual bets on the games and the tournament as a whole.

According to Smithsonian Magazine, the brackets and even general public interest in the playoff tournament is a relatively recent phenomenon, beginning to gain popularity in the 1970s. Prior to this period, the NCAA basketball tournament was either mostly confusing to outsiders or a foregone conclusion, with the UCLA team winning 10 championships in 12 years, starting in 1964.