Economic and Social Impact of March Madness (Infographic)

A look at the economic and social impact of the NCAA Tournament.

The impact of the NCAA Men's Basketball Tournament can be far reaching, from economic to social. Here are a few stats to consider when thinking about March Madness and how it influences our lives. 

$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.


For more, enjoy this infographic, courtesy of WalletHub.

March Madness economic impact 2016

Source: WalletHub

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