In the NCAA men's final, UConn won $2.7 million for Barstool's Dave Portnoy.

• Dave Portnoy wagered $600,000 on UConn winning the NCAA men's basketball championship.
• He won $2.7 million.
• In 2021, DraftKings recorded a new high for the NCAA tournament, with sports betting now legal in 39 states, including Washington, D.C.

Dave Portnoy is earning $2.76 million from UConn's victory over Purdue in the NCAA men's championship game.

CNBC confirmed that DraftKings accepted a $600,000 wager from Portnoy on the Huskies winning the national championship on March 20.

Portnoy declared on social media site X that "the greatest bet of my life" had resulted in "the biggest win of my life by a mile."

In February, DraftKings signed a multi-year deal with Barstool, which was previously owned by .

Since last year, five more states have legalized sports betting, resulting in a record NCAA tournament for DraftKings.

Last year, the total handle wagered on any sporting events was $124.2 billion, and Americans are estimated to have wagered $2.72 billion on the March Madness tournaments, which is equivalent to 2.2% of the total handle.

The most bet-on college basketball game of all time for DraftKings occurred on Monday.

The men's championship game experienced a 52% and 42% year-over-year increase in bet count and handle, respectively.

The most same-game parlays ever placed on a college basketball game at their sportsbook were made during Monday's championship game.

According to an email from Caesars Sportsbooks vice president of trading, Craig Mucklow, the tournament was for customers as favorites covered the spread 61% of the time.

Betting on the women's tournament was particularly lucrative for the sportsbooks.

The undefeated season of South Carolina and the heroics of superstar Caitlin Clark led to a massive influx of bets, with FanDuel and Fanatics reporting their single biggest betting event on women's sports. Caesars also reported that the women's championship game saw double the previous handle record for a women's college basketball game.

If the women's final was given a proper primetime slot, we could only imagine the handle, Mucklow said.