Is the NIL and transfer portal terrible for sportsbooks during NCAA March Madness?

The consolidation of talent at larger schools with deeper pockets could mean fewer underdogs coming through during the U.S. college hoops tourney, which could be bad for operators.

Fresh off a chalk-heavy NCAA men’s basketball tournament won Monday by the Florida Gators, college sports traditionalists are already sounding the alarm that the combination of the transfer portal and gads of Name Image and Likeness (NIL) money is ruining March Madness.

We’re not going to go that far, but we are wondering aloud today if all that money co…