“I have warned many times about the guaranteed dangers of betting with your heart instead of your head – big darkness, soon come – but every once in awhile you get a fair chance to have it both ways, and the annual NCAA basketball Tournament is one of them.”
– Hunter S Thompson
The biggest sports bets of the year will not be on the Patriots or Rams. It will be on Abilene Christian, Georgia State, and Colgate (the university, not the toothpaste). While the NFL did $6 billion in wagering this past February, the NCAA tournament will do over $10 billion, and some of that might be in your workplace. Here is what you need to know:
The average worker spends 6 hours of company time watching the NCAA tournament
The United States loses $4 billion in productivity during March Madness
Many companies’ tournament pools exceed “social gaming” limits in some states
If you are unsure about how to handle March Madness, BenefitCorp has access to Human Resource Specialist to make sure your company’s morale is high and your liabilities are low. For more information, contact a consultant here.