PROVIDENCE, RHODE ISLAND - MARCH 22: Christian Shumate #24 and DJ Richards Jr. #2 of the McNeese State Cowboys react on the bench against the Purdue Boilermakers during the second half in the second round of the NCAA Men's Basketball Tournament at Amica Mutual Pavillion on March 22, 2025 in Providence, Rhode Island. (Photo by Maddie Meyer/Getty Images)
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Expert highlights the dangers of Americans' $3.1 billion gamble on March Madness

Americans are expected to wager $3.1 billion on March Madness this year, according to the American Gaming Association. Jonathan Cohen, author of "Losing Big: America's Reckless Bet on Sports Gambling," explains why the annual basketball tournament outdoes even the Super Bowl's infamous gambling reputation.

02:23 - Source: CNN
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PROVIDENCE, RHODE ISLAND - MARCH 22: Christian Shumate #24 and DJ Richards Jr. #2 of the McNeese State Cowboys react on the bench against the Purdue Boilermakers during the second half in the second round of the NCAA Men's Basketball Tournament at Amica Mutual Pavillion on March 22, 2025 in Providence, Rhode Island. (Photo by Maddie Meyer/Getty Images)
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