March 20, 2007 | Posted By Diane Pfadenhauer | print this article

March Madness and the Workplace

We are now in the throes of March Madness, where the final 64 teams in College basketball play throughout the next few weeks until only one emerges at the top of the heap.  While flipping through the latest edition of Time Magazine a few interesting statistics were quoted:

  • According to the FBI, the amount wagered on the NCAA men's basketball tournament this year will be $2.5 Billion.
  • The estimated loss of productivity in the workplace for American employers will be $1.2 million.
This interesting article on BLR.com highlights the perils of worksite gambling, betting pools and the like.
Take a look.