Las Vegas bets big on March Madness amid city's tourism slump that worries many

The city of Las Vegas is going all in on March Madness as it tries to reignite tourism and reverse a growing slump. 

Resorts across the Strip are rolling out large-scale watch parties, sportsbook events and themed experiences tied to the NCAA men’s and women’s tournaments — drawing crowds for one of the busiest betting periods of the year, according to reports.

It is estimated that Americans will wager $3.3 billion on this year’s tournaments — with Nevada historically seeing hundreds of millions in bets during the event...