It’s officially tourney time. Just how much is wagered on games? To what degree do workers slack off to keep up with the action on the court? What is your office doing to stop you from streaming video so maybe you’ll actually get some work done? The numbers tell all.
6: Sum of the team seeds picked by upset-averse President Barack Obama to reach the Final Four—two No. 1 and two No. 2 seeds, with No. 1 UNC beating No. 1 Kentucky in the championship.
8, 11: Percentage of HR professionals who report an increase in sick days and employee tardiness, respectively, the day after a major televised event such as the NCAA championship.
12 to 1, 20 to 1: According to sports books in Las Vegas, the odds that Syracuse, one of the four No. 1 seeds, would win the tournament before and after, respectively, the team’s 7-foot center Fab Melo was suspended from the competition for academic reasons.
65: Percentage of IT professionals who say their company attempts to hinder or prevent workers from streaming video content (such as NCAA tournament games) at the office.
86: Percentage of fans who say they’ll watch games or check scores while at work.
$639 million: Estimated value of the publicity and exposure Butler University received during the Indianapolis school’s run to the 2010 tournament final; after making it to the championship game that year, applications to Butler increased 41%.
$738 million: Total revenues from companies advertising during last year’s tournament , a 20% rise in spending from 2010. Automakers, insurance companies, and restaurants were the top three advertisers, together representing roughly 40% of all money spent on advertising in games.
$12 billion: Estimated amount of money gambled on the NCAA tournament last year. Of that, just $100 million or so was gambled legally through sports books. Approximately $3 billion was bet in office pools, while the rest was wagered through other, less-than-legal outlets.