Barack Obama has once again shared his bracket, and whether his top pick wins or loses, he certainly has fans. Keri Lumm reports.
With March Madness in full swing, it’s not just brackets that are being busted.
The average American may be spending more money than usual. According to WalletHub, the average bet on the NCAA Tournament is $20 to $50, and there is 20 percent and 24 percent increase in beer sales and chicken wing orders during the tournament, respectively.
Office productivity may take a hit, too. WalletHub estimates employers face $4 billion in corporate losses due to unproductive workers during March Madness.
Here are some fun March Madness facts:
Day one in the books: March Madness: 10 key takeaways from Thursday’s NCAA tournament games
The amount that will be wagered on this year’s tournament, according to the American Gaming Association. This is down from the estimated $10 billion in bets from last year’s tournament.
The percentage of millennials who would be willing to miss a work deadline because of March Madness, according to WalletHub.
1 in 9.2 quintillion
The odds of picking all 63 games correctly in a bracket for the NCAA Basketball Tournament.
From 2011 to 2032, The amount CBS /Turner will pay from 2011 to 2032 for the TV/streaming rights to the NCAA Basketball Tournament.
The number of cities that will host the 2019 NCAA Basketball Tournament.
The amount of time spent watching March Madness by the average worker, according to WalletHub.
The total amount of ad revenue from the 2018 NCAA Basketball Tournament.
Over 97 million
The amount of U.S. viewers who tuned in to watch March Madness in 2018.
The amount of money the NCAA pays the players participating in the tournament.
Follow USA TODAY intern Ben Tobin on Twitter: @TobinBen
Read or Share this story: https://www.usatoday.com/story/money/2019/03/22/march-madness-2019-office-pools-watching-live-costs-productivity/3243893002/