The NCAA announced that fans will be allowed to attend March Madness, which will be hosted entirely in Indiana.
It’s a welcome development for many Hoosiers, including central Indiana business owners and sports betting operators.
The NCAA’s Decision to allow up to 25% capacity will bring thousands of out-of-state fans to Indiana during the revered basketball tournament.
Fans to flock to various Hoosier facilities
The NCAA revealed just last week it will allow limited fans at March Madness games. Central Indiana will play host to all 67 contests.
Teams will play games at the following locations:
- Lucas Oil Stadium
- Bankers Life Fieldhouse
- Assembly Hall
- Mackey Arena
- Hinkle Fieldhouse
- Indiana Farmers Coliseum
All sites will emphasize social distancing and mask-wearing, and the 25% capacity will include players, staff, family members, and fans.
Exact attendance numbers will vary based on each location’s capacity.
“We continue to use the knowledge we have gained over the season on how to conduct games in a safe environment,” said NCAA President Mark Emmert in a statement.
The NCAA plans to make more information about ticket sales available after March 1.
The tournament will tip off its First Four on March 18 and culminate with the Final Four on April 3 and 5 at Lucas Oil Stadium.
Fans can sign up to receive notifications about ticket information here.
What does this mean for betting in Indiana?
It’s nothing but good news for Indiana’s March betting total.
The attendance allowance means that more fans from across the country will travel to Indiana to see their teams play.
Those same fans are likely to place wagers – bringing even more revenue to a state that continually breaks its own betting records and already loves to wager on basketball.
It will all tell a much different story than what happened in March 2020.
That month brought in just $74 million in wagers from Hoosiers, roughly $59 million less than what was bet on basketball alone in January 2021.
A year ago, March Madness had been cancelled and the immediate future of sports in general – not to mention fan attendance – was in serious question.
Combined, those factors created a devastating month for Indiana’s sports betting momentum.
Since then, however, Indiana has taken off, breaking its own betting-handle record five months in a row. It culminated with more than $348 million in handle in January.
That record could be broken again once February numbers featuring Super Bowl wagering are released.
And while it’s never easy to beat Super Bowl betting, this special year of March Madness in Indiana could just pull it off.