As the NCAA conference championships are slowly concluding, one of the best times of year for all Las Vegas establishments is upon us, March Madness. This is the time of year when all people prognosticate on the results of the NCAA basketball tournament. With a tremendously successful football season now in the books, the sports betting industry is now squarely focused on March Madness which starts next week. This is set to be one of the most successful tournaments that Vegas has ever seen.
There were nearly 200 sports betting establishments in Nevada last year that supported $375.5 million in wagers during tournament time which was a record. That was combined wagering on NBA and NCAA basketball but the majority was spent on college hoops and trying to predict who was going to win the whole thing. Basketball betting has become more and more popular with each passing year and the culmination is going to happen in the latter part of March. This factor combined with an estimated 98% of hotel occupancy on the Las Vegas Strip means the first week of the NCAA tournament is going to be must see wagering television this year. It will help that the first day of the tournament happens to fall on St. Patrick’s Day so there will be a lot of action falling this year. New records are bound to be set.
The event seems to get bigger and bigger each year and that is great for Vegas sports book establishments, but for the fans it is going to lead to a potential problem. Many of the sports book locations are going to attract a large crowd of fans. Lines typically start forming early in the morning and many of the best locations have many of their best seats blocked off and reserved for their best customers. In order to better serve the masses of interested March Madness enthusiasts many of the Las Vegas locations have chosen to host viewing parties for the tournament. They simply turn their event locations and ballrooms into temporary March Madness party locations. This will allow great viewing, access to wagering and of course food and drink specials that will allow a person to enjoy the whole event. Some of these parties will be free and some of the others are going to rage in price from $25 to over $1,000 for a VIP experience.
Many of the venues are planning for the entire first week of games offering special prices to interested customers for all four days of the tournament during the first week. Each person will have an opportunity to choose a location that features something that they really enjoy. It might be great food or a wide variety of beer, whatever your interest there is a location in Las Vegas that is going to cater to that desire and combine it with the best NCAA basketball tournament that you have ever experienced. There will be large video walls showing all the action in larger than life style. You will feel like you are a part of the action and you will also feel invested because your March Madness predictions can pay off for you.
If you are going to be in Las Vegas for the NCAA Tournament this year, make sure to find the March Madness party that will best capture your interest and allow you to have the most unique and enjoyable Vegas vacation ever.