FONT

MORE STORIES


This article brought to you courtesy of Matt Stutes of Cornerstone Wealth Management Canby Herald Insider Financial Planning Expert.

Matt Stures, CFP

With the NCAA Men's Basketball Tournament (March Madness)

starting up, millions of people with be flocking to TV's across the

nation to watch their teams bid for a national championship. This

three week tournament is one of the biggest sporting events there

is, with not only millions of dollars being gambled on the games but

millions of dollars in revenue being produced for the NCAA and the participating schools.

Below are some fun facts about the Economic impact of the NCAA

Men's Basketball Tournament Economic Impact

1) According to the American Gaming Association it is estimated

that $10.4 Billion dollars will be wagered on the NCAA Men's

Basketball Tournament, this includes all office pools as well.

2) Corporations will lose roughly $4 Billion, due to unproductive

workers. An estimated 24 Million people will participate in some

sort of bracket pool.

3) The average worker spends 6 hours watching March Madness

games.

4) Ad revenue has risen from $728 million in 2011 to over $1.32 Billion in 2018, an increase of 69%.

5) The top five advertisers during the Tournament have been AT&T ($829 Million), General Motors ($791.2 Million), Coca-Cola ($399.1 Million), Capital One Financial ($361.1 Million), and Anheuser- Busch ($294.7 Million).

6) The 2019 Final Four being held in Minneapolis is projected to

have a $142 Million dollar positive impact.

7) Almost 100,000 fans are expected to descend upon Minneapolis for the Final Four.

This information sourced from

WalletHub: https://wallethub.com/blog/

Cornerstone Wealth Managment

486 N.W. 2nd Ave.

Canby, OR 97013

503-266-7431

http://www.thecwmgroup.com

Securities and advisory

services offered through

LPL Financial, a registered

investment

advisor. Member

FINRA/SIPC.

Go to top
Template by JoomlaShine