As the 2016 NCAA Men’s Basketball Tournament approaches, sports experts have taken a look at the financial side of March Madness. The studies show who, where, and how much the March Madness is able to produce several billion dollars each year. From the $9 billion that’s wagered on bets to the 17.5 million barrels of American beer that’s produced, March Madness is one of the most exciting times of the year. Check out the a few of the stats from WalletHub’s annual info graph: * $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. Source: WalletHub Photo credit: MSNBC
