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March Madness: Worker productivity declines, illegal wagering increases, according to WalletHub

The 2016 NCAA Men’s Basketball Tournament is approaching, and the personal finance website WalletHub 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 is 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 percent – Of HR professionals say their organizations don’t have policies addressing office pools.

— Two times – 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 please visit: http://wallethub.com/blog/march-madness-statistics/11016/


From WalletHub

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