March Madness

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$3.5 billion will be bet on the 63 games that will crown the college basketball champion.

An NCAA survey estimates that 10.7 percent of Americans participate in office betting pools.

Another study cites the tournament as the cause of nearly $890 million in lost productivity at US companies during the next three weeks, as employees, including college basketball fanatics and casual participants in office betting pools, will spend an “inordinate amount” of time monitoring their favorite teams and watching the games.