WalletHub: March Madness By The Numbers

Published Thursday, March 17, 2016 at 11:06 am

The 2016 NCAA Men’s Basketball Tournament is approaching, and the personal finance website WalletHub today released its March Madness By The Numbers report, which examines the billion-dollar basketball, betting and business bonanza. The report includes an infographic full of fun facts about the financial side of the tournament as well as a panel discussion with a group of leading sports business experts.

Below you can find a handful of interesting stats from the report:

  • $1.9 Billion – Hourly losses by companies due to unproductive workers during March Madness.
  • $9 Billion – Estimated amount wagered on the 2015 NCAA tournament ($7 billion illegally).
  • 81% – Of HR professionals say their organizations don’t have policies addressing office pools.
  • 2X – Easier to win back-to-back Mega Millions lotteries than it is to fill out a perfect bracket.
  • 17.5 Million – Barrels of American beer produced each March, compared to an average of 14M in all other months.

To check out more interesting stats and a cool infographic, please visit:

http://wallethub.com/blog/march-madness-statistics/11016/

march-madness-2016

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