iBET ETF Insights: A survey from Fox Business showed that 60% of respondents who bet on the NCAA tournament did not fill out a bracket, with only 8% of bettors surveyed solely filling out a bracket. 49% of bettors surveyed said they were less interested in filling out brackets now that there is legalized online sports betting. Since last years tournament 29 million more Americans can wager from their home states, with many new up and coming markets this number will expand. The American gaming association predicted $3.1 billion in wagers this years tournament, with 76% of those bets placed outside of brackets.

iBET ETF Insights: BetMGM announced the launch of its online sports betting and Igaming platform in Ontario Canada. Ontario is the first international market for BetMGM and the 23rd overall for the operator. BetMGM CEO Adam Greenblatt said, “Today marks a significant milestone for BetMGM and a momentous occasion for sports fans and online players in Ontario” BetMGM has established relationships with legendary Canadian athletes, that are expected to appear in upcoming marketing for BetMGM.

iBET ETF Insights: Voters in the nation’s most populous state will get a chance to legalize sports betting in November. New York set a record with $2 billion in handles in the first month of launch, and it is expected that California will top this when legalization is finalized.