KBTX - Money - Headlines

March Madness Costs Business

By: Associated Press
By: Associated Press

CHICAGO (AP) - So how much work will be lost from participation
in March Madness office pools, as well as the watching of the NCAA
college basketball tournament games on the job?
The question arises now that team selections have been
announced.

KBTX is looking for offices who have March Madness pools going for a positive-light story on inner office gambling. If you or someone you know participates in an office pool and would be willing to talk about it, let us know by commenting on this story.

The outplacement firm Challenger, Gray and Christmas says
employers could see as much as 1.7 billion dollars in lost
productivity over the next few weeks, as the tournament proceeds.
The calculation includes estimates on participation in the pools,
worker wages and the amount of work-time possibly spent on
basketball-related activities.
Separately, CEO John Challenger notes that some businesses are
trying to limit the ability of workers to stream video on their
work computers, to keep their systems from seeing too much
bandwidth wasted.


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