It's March Madness Time
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
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
Cornerstone Wealth Managment
486 N.W. 2nd Ave.
Canby, OR 97013
Securities and advisory
services offered through
LPL Financial, a registered